Home Capital Trading FX Review

Home Capital Trading FX logoNo matter what you are looking for, you obviously want to have access to the best and the same applies when you are shopping for a brokerage. It is crucial that you opt for a dependable, professional and comprehensive platform because it will determine the outcome of your trading journey. You obviously want to be successful in your endeavors and it is only possible with the best brokerage. Unfortunately, as this Home Capital Trading FX review shows, not all companies are legitimate and upstanding, even if they claim to be.


How To Get Your Money Back From Scammers?

Want to get your money back from a scam?
Fill in the contact form on the page in this link and you will be able to get help in recovering your lost funds! You will be walked through the entire recovery process by a representative of a recommended fund recovery service after which a case will be opened for you by a case manager.


As a matter of fact, you will find that there are a ton of companies that are downright fraudulent and millions of people all over the globe have lost their money to such cybercriminals. You do not want to end up in the same kind of trap, but how do you avoid it? It requires you to be thorough and check the offerings of a company carefully to determine which category it falls into. No, you shouldn’t just take their word when they claim to offer you the best possible services because your expectation can be different from others in the market.

Doing your own research is a must to ensure that the brokerage you choose at the end of the day can live up to your expectations. It can also help you avoid scams and save you from having to switch platforms because you make the right decision in the first go. The same approach should be taken when it comes to Home Capital Trading FX, which is catering to more than 180,000 traders all over the world and claims to be the largest crypto trading provide around the globe in terms of forex volume. You will also find that the brokerage is promising superior execution, spreads and services.

Home Capital Trading FX website

Plus, they claim to be regulated in the United States and meet strict capital requirements and this makes Home Capital Trading FX sound downright spectacular. But, it has a lot of issues that make it apparent that it is not a broker worthy of your time. What are these issues? You can find them outlined here:

Blacklisted by the FCA

First things first, you need to check where a brokerage is based and then look into its regulatory status in the jurisdiction. When it comes to Home Capital Trading FX, you will find that it claims to have its headquarters in London, United Kingdom. In order to have its offices there, the company would require a license from the Financial Conduct Authority (FCA), which is the regulatory authority of the UK.

If you check the online register of the FCA, you will discover that Home Capital Trading FX is not listed, which means it is not regulated. This means that either it is lying about having an office in London, or is operating illegally from there. As it turns out, the latter is applicable here because the FCA has actually blacklisted the broker.

According to the warning issued by the FCA, Home Capital Trading FX is offering its services illegally to traders in the UK. This is a major issue because it indicates that the brokerage is not a legitimate one, or else it would not operate in the country without a license.

False regulation claims

Dealing with an unregulated brokerage is not recommended at all because even if the company is not a fraud, it will not be able to offer you the protections that come with a regulated broker. For instance, they do not maintain your funds in segregated accounts and there can be no accountability in case of a problem. Likewise, they can come up with their own policies and not be fair or transparent. If you want these protections, you need to look for a regulated brokerage and Home Capital Trading FX claims to be one.

As mentioned earlier, Home Capital Trading FX claims to be regulated in the United States by the Financial Services Authority. But, this is an outright lie because there is no financial authority of that name in the US. In fact, brokerages in the US are licensed by the Commodity Futures Trading Commission (CFTC) and have to be a member of the National Futures Association (NFA).

However, if you check the online registers of both these authorities, you will not find Home Capital Trading FX listed anywhere. This means that its claims of being regulated in the US are completely false.

Fake certificate of incorporation

Another issue you will come across on the Home Capital Trading FX website is that they seem to be confused about the company that owns and operates the platform. At one point, the brokerage claims to be owned and operated by Bitcapital Ltd., but at another point in the presentation, it mentions Home Capital Trading FX Ltd. In fact, they have gone as far as presenting a certificate of incorporation from England and Wales, but this is a clear forgery. Even if it exists, it cannot substitute for an actual license from a regulatory authority, so it does not really make a difference.

Unrealistic and guaranteed returns

If you need one more obvious sign that you are not dealing with an authentic broker, then all you have to do is look at the guaranteed daily returns that you are offered at Home Capital Trading FX. They are offering you returns between 10% and 50%, depending on the account you decide to open with them. In fact, you will also find crypto mining plans that are offered on the platform and these promise excessive returns between 100% and 200%.

The important thing to remember is that no authentic broker would ever promise you such returns, as Home Capital Trading FX is doing. This is because the financial markets are volatile and unpredictable and there is no way anyone can make any guarantees about the returns because the risks are just too high. Anything who is doing so is just fooling you.

Final Thoughts

These issues make it apparent that Home Capital Trading FX is not the broker for you and needs to be avoided.


How To Get Your Money Back From Scammers?

Want to get your money back from a scam?
Fill in the contact form on the page in this link and you will be able to get help in recovering your lost funds! You will be walked through the entire recovery process by a representative of a recommended fund recovery service after which a case will be opened for you by a case manager.


Comments to: Home Capital Trading FX Review – Identifying the Issues

Your email address will not be published. Required fields are marked *

Recent Posts

Money Back – Get Your Funds Back!

Get Your Money Back!

Archives

Categories

Visit Scam Warning Alert website for the latest scam warnings!