GISCapital Review – Truth Behind GISCapital.World Scam
GISCapital is a broker brand owned by Raconteur Consulting LLC registered in SVG. The website lists a UK address to be the location of the broker’s office.
A solidly done website seems to have been invested in. The effort was made to attract potential customers with decent trading conditions, promises of a reliable platform, and safe depositing methods.
A red flag is the lack of legal documents to back the claims about GISCapital being licensed and trustworthy. Nowhere on the site is there proof of this suspicious brokerage firm is regulated.
Join us to find out more about this broker and the conditions they offer through this GISCapital review.
|Company||Raconteur Consulting LLC|
|Address||UK/ Saint Vincent and the Grenadines|
GISCapital Regulation and Security of Funds
The crucial point of every broker’s business is its regulation. GISCapital’s owning company is registered in the infamous SVG where the financial authority does not regulate forex brokers. For that very reason, this area is loaded with illicit offshore companies. GISCapital is one of them.
Having a UK domain suggests GISCapital is offering online trading services to UK citizens, as well. The regulatory body in the UK – FCA keeps strict regulatory criteria for brokers wishing to operate there.
Hefty starting funds, segregated bank accounts for clients’ funds, risk-reducing measures, enhanced customer protection, and compensation scheme are just some of them. GISCapital is not regulated considering they’re not in the FCA register of authorized broker companies. Therefore they cannot guarantee to provide any of the mentioned.
After a thorough check, we have concluded that this bogus broker is not in the database of many major regulators like BaFin, CONSOB, ASIC, and IIROC. CySEC, CNMV.
The conclusion is that GISCapital is an offshore scam and not reliable for investing!
GISCapital Trading Platform Overview
Trading software available at GISCapital is a web-based platform. It may resemble the popular MT4 and MT5 at a first glance. Although, it does lack the necessary advanced trading options and customizable tools that top-notch software offers.
The pictures of the trading terminal provided on the homepage even differ from the look of the web trader accessible after making an account. It seems that the tendency for deception is especially focused on the trading platform.
Empty promises of a reliable and fast trading platform are not enough to create an actual profitable trading environment.
Funding Options Available
Methods accepted for making deposits at GISCapital are credit cards, wire transfers, and crypto. It may take up to 5 business days for the funds to appear on your account in case of funding via wire transfer.
The minimum deposit amount required is $250. This price isn’t too high, but regulated brokers allow trading with as little as a $10 deposit.
Withdrawals are promised to be diligently processed and do not take more than a few business days.
In case the client’s account has been dormant for more than 6 months, a 10% inactivity fee is charged every consequential month.
The Methods Used in the Fraud
As soon as we made an account with GISCapital, persistent calls from a UK phone number rained. In case this happens to you, do not answer, and do not give the sophisticated scammer a chance to get under your skin.
Promises of fast and easy profit may sound nice, but they’re all too good to be true. Profitable trading conditions, trading platforms that seem to ever work in your favor, and other circumstances that would undoubtedly make you a winner are all lies and false claims.
Fraudsters use these attractive offers to entrap you and get you to start investing. Moreover, the withdrawal of funds will be full of obstacles like trading volume requirements and insane fees so you can never get your money back.
Unregulated brokers are easy to come by and also not so hard to recognize. Claims to be providing ultimate trading experience and definite wins are not backed by any regulatory proof.
License is the first thing to check when dealing with an unfamiliar or newly registered brokerage firm. If it’s missing – avoid that broker without further delay!
Internationally acclaimed brokers can help you invest safely and provide you with solid trading conditions. Every investment is a risk, but with a good broker, at least it won’t be in vain.
FAQs About GISCapital Broker
Is My Money Safe with GISCapital?
Working as an offshore entity advertising fake services, you shouldn’t trust GISCapital to deal with your funds safely.
Does GISCapital Offer Demo Account?
No, to be able to trade you have to make a deposit first.
What Trading Instruments are Available at GISCapital?
Some of the trading assets available are crypto, currency pairs, and indices.