London Bridge Cap Review – Everything You Should Avoid With A Broker
The first thing you notice is that London Bridge Cap doesn’t reveal any ownership or address information. Secondly, they offer quite poor contact information. Practically, you can only pray for their response if you need assistance.
These and many other discrepancies you can find in this unbiased London Bridge Cap Review. To understand more tricks brokers are using we invite you as well to read our Nerostrade review.
Some general words about London Bridge Cap
Deeply hidden in the T&Cs we could find that governing law is the one in St. Vincent and Grenadines. Most likely this broker is registered there and can’t provide you any protection. Not to mention that the broker doesn’t offer transparent access to trading platforms or trading conditions.
|Broker name||Reliable Broker Must Have|
|Legal name:||N/A||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Unregulated / Offshore broker||Within your legal jurisdiction – local regulator|
|Registered in:||St. Vincent and Grenadines||Your country or the country whose license applies in your legal jurisdiction|
|Established:||2022||The older the domain – the higher the possibility the company is trustworthy|
|Website:||www.londonbridgecap.com||Domain should be from local or international zones, no .xyz etc.|
|Financial Authorities Warnings:||N/A||None|
|Contacts:||E-mail and online contact form||Phone, email, social media, web form|
|If a withdrawal is possible:||Highly unlikely||Yes|
|Fees:||Hidden fees||Transparent fees – list of spread and commissions|
|If Active on Social Media:||No||Often present on social media|
|Investor Protection:||None||Compensation fund|
Speaking of St. Vincent and Grenadines, you know that FX and CFD brokers can’t be regulated there. Instead, they should opt for licenses in the countries where they operate. Anyways, we mostly trust Tier 1 regulators like FCA, BaFin and ASIC. Thus, those registers were empty upon a search for the London Bridge Cap scam broker.
London Bridge Cap Profile
With web-based software, this company doesn’t ensure much comfort. In general, such platforms are often manipulated and lead to big scams. In fact, all the London Bridge Cap trading features are based on manipulation.
Especially once you realize that they don’t share any trading costs. However, there are still brokers that offer all of that. Yet, they are also a scammer. Feel free to check our Battle Trade review to find out more.
|Account types:||Self-managed, Select, Personal, Honors, Wealth, VIP|
|Financial Instruments On Offer:||
|Commissions/bonuses:||Hidden commissions and bonuses are available|
|Demo account:||Not available|
|Education or Extra tools:||Ebooks, glossary, asset index|
Is This Broker Safe?
Absolutely not. Without regulations and transparent trading conditions, you can’t trust this broker at all. O top of that, they offer high leverage of 1:200 without negative balance protection. Not to mention non-existent fees and commissions.
After all, their poor customer support clearly indicates you can’t expect assistance from this scam broker.
Traders Review – Sharing Experiences
Another clear sign of an investment scam is their reviews. Only on Trustpilot, there are 34 comments with almost 35% negative ones. Harmed traders are screaming this is a scam and many of those pointed out withdrawal issues.
Therefore, stick to licensed brokers before you burn your fingers as well. In case you don’t know where to look, feel free to contact our expert team.
How London Bridge Cap Platform Reach Clients and Who Are They?
Since 2022 the broker is operating worldwide. But mainly in:
Traders are mostly caught off guard when they register through cheesy adverts. Brokers offer something for free in exchange for your contact details. Once you sign up, the harassment starts. Either you change your phone number or your deposit with them. Don’t fall for it because the journey won’t be nice. Instead, consult with our team to find the safest option near you!
Deposits and Withdrawal Methods
Even though the funding methods are transparent, there are some major red flags. Important to realize is that only card transfers are eligible for a chargeback In the first place, the broker accepts:
- Bank cards
- Bank transfers
- Bitcoin transfers
Now, the withdrawal issue starts once you accept the bonus. Simply because you need to obtain the minimum trading volume of 50.000 times the bonus amount! It’s insanely high and practically impossible. Above all, if you want to withdraw more than 20% of your deposit, bonuses are revoked! Also, the withdrawal fee is up to $300 for every withdrawal!
Reasons To Avoid This Company
Overall, reasons are numerous. In the first place, they are completely anonymous and unregulated broker. They also offer shady trading software without any credibility. But also there are shady funding methods, withdrawal and bonus policies. Similar reasons value for Asian-Trade broker whose review you can find here.
Our Safe Trading experts’ opinion of London Bridge Cap
Unregulated brokers are always a dangerous choice. Especially if the broker is based offshore which leads to high anonymity. Therefore, we always suggest traders choose reputable brokers with strict regulations.
If you are looking for a trusted broker by your side, you are at the right place. Our team is there to advise you on any potential options. Most importantly without any pressure or obligations. Because in the end, it’s your money and your decision. Yet, you should know what things to watch for. Get in touch and book your first meeting for free!
What Is London Bridge Cap?
London Bridge Cap is a completely anonymous broker offering trading services without proper authorization.
Is London Bridge Cap A Scam Broker?
Absolutely! It’s a non-licensed broker without transparent services and costs, but also with shady withdrawal policies. Not to mention numerous negative reviews.
Is There A Minimum Withdrawal Amount In London Bridge Cap?
The minimum withdrawal is $100. But most likely you will experience difficulties during withdrawal and if that happens you should contact our team for advice about refund and other options.