Read our Capitalco.pro review to see if we recommend this broker for trading. Just to clear doubts, this is a capitalco.pro review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Capitalco.pro is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Capitalco.pro in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Capitalco.pro Review Conclusions
Making the Capitalco.pro review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Capitalco.pro review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Yep, similar to Steve C. In my case they claimed to have added a further 40% to my capital to act as what they called “leverage”, and after two months my account balance, according to them, had increased by 2.8 times my initial investment. Great, well done, I said, but now I want my capital back please, and you can keep the “profits”. Oh no, not until you pay us back the “leverage” we credited. But you can just take that out the remainder of the balance, I protested, to which they replied that was the ‘house rules’, and if I didn’t comply I would never see my money again. In hindsight, the “leverage” was obviously allegedly inserted to force my hand into giving them even more in order to get my money back (would you trust them to even do that after sending more money?), rather than to ‘juice’ gains as they claimed.
And by the way, they are very knowledgeable about financial markets, which lulls you into trusting them. No doubt in my mind that they have worked in legit business before turning to this dark side, but the dark side this is.
Steer well clear of these thieves.
I did invest with them I wanted my money the broker force me to trade more he wanted me to borrow from loan I got very upset i invested and I lost my money I contacted them suddenly they vanished they told me I need to pay a fee Suddenly they told me my money stuff on ftx and I complain to the police they were a scam I lost 10 thousand Australian money I got very depressed about loosing my savings
They are 100% scammers and it is a fraudulent site, if I could leave no stars I would.
I invested with CapitalCo.Pro for a period of 2 months (using Binance as the funds exchange platform) once my account reached an equity of $US80,000 I requested closure of my account & payment in full. I was told I would need to forward them 17.5% of my equity to close the account as their commission and Binance fees, I did this received no money and have not been able to contact them since.
(1/5)
I am currently going through this right now. They want another 17%. Sent to a Blockchain. Is this what they told you?
Totally agree a very sophisticated scam. At the beginning very helpful the customer service looks great. However email communication is limited with limited details of the company contact agreement. Of note: The company registration in the UK and Dubai looks legit until you dig deeper and find out it’s a shelf company.
When you want money out of your account they request an up front payment fee of 14 – 17 % to pay their fees and the blockchain? Of note: No other Crypto broker requests this type of fee and the blockchain fee is taken on the transaction of the funds transfer at 0.2%.
You can try and request for the funds to be trickled from your account but again they want an up front total fee. Next they will tell you to take a loan on the fee don’t worry you can pay it back as soon as the funds are transferred. What’s wrong with that statement?
So getting you money is impossible so stay away from this mob! Total scam!
(1/5)
Great to start but when you want to get your money the door to your account closes very quickly.
(1/5)
This Crypto broker also trades as Capital Live or Capital io.
(1/5)
This company is a highly professional SCAM.
I had been with them for 7 months with positive results.
My original broker had “a break” and another broker was there to help if needed.
When my original broker returned it was “OMG your account has gone gangbusters with auto trading – we need to put some $$ into your bank”
I wanted to withdraw $5k at a time from my $123k account.
They “inadvertently” (supposedly) put $100k into blockchain.
I asked for it to be reversed – can’t be done was the reply – doesn’t work like that.
They said I had to pay a Blockchain fee of 17%!?
So in my case that was 17k.
I was sent an email with a link for paying the fee into.
I said take it out of remaining funds (23k)
No cannot do that as Blockchain has a freeze on your account (??!!) and no further transactions can be done until the $17k is paid(a weekly interest charge of 0.8% is added whilst fee is unpaid)
I told them I didn’t have those $$ – get a loan was their answer!
Then I came here and saw others have had bad experiences – one similar to mine.
Cheaper to burn my initial investment than get a loan and risk further “twists” that would no doubt cost me more and even bigger $$.
They really do look legit and trades do happen – then auto trader (supposedly) kicks in and good profits start happen.
Obviously their investment in time and a very professional set up pays big dividend.
Keep well away
Date of experience Feb 2023
(1/5)
Total scam stay away or you will loose your money
Yep these guys are nasty individuals who I hope one day this will all catch up with them.
I deposited $250 USD as an initial deposit, someone called James Craft called me and said he would have an “analyst” ha ha what ever call me, he did was horrid and pushy and kept saying oh I have this client who started out with $2K and now has $40K I did not believe him they traded what I had to show me they were legit! or so they say they. This rude arsehole I said I don’t like and will not deal with, I asked for another person who they call “Analyst” what a joke. He was OK and talked about trading showed me that he had made me money well supposedly they could have shown me anything I would not be able to tell.
then I was unable to get onto Capitalco.Pro and they reset me up and sent a new link, since the beginning of the year I have not been able to log into this account and there is NO SUCH WEBSITE as Captialco.pro anymore. I became more suspicious when I could not find the website and messaged them over whats app, all messaging and calls have been over whats app, with different numbers, also suspicious.
Now no one is calling me or coming back to me for 1 month now.
God I am so annoyed that 1. I was a sucker and 2. that these people are evil and have no conscience.
In Australia, a legitimate financial institution is required to have an “Australian Financial Services Licence,” or “AFSL”.
CapitalCo.Pro or .Live used the actual AFSL of a legitimate Australian financial services company. CapitalCo claimed on the phone that they were “associated” with this legit firm.
I realised that I was being scammed when I phoned the legitimate firm to ask them if they knew of CapitalCo, and the answer was ‘no we don’t’. I also called Binance to ask if they knew of CapitalCo, and they answered ‘no’ as well.
I agree with what everyone else here has said about CapitalCo seeming to be professional and cluey, but unfortunately whatever their backgrounds in legit financial markets might be, they have indeed turned to the dark side.
One final thought – one of the banks, a national bank in Australia, which I tried to use to transfer funds to CapitalCo refused at the instant, because they recognized a scam when they saw one. Another very reputable bank did not. I don’t know why this difference might exist, ie whether it’s computer algorithms or human beings monitoring the action, but full marks to the first bank, and zero for the second.
(1/5)