DeCapitals Review – Be Wary of Unregulated Crypto Trading

DeCapitals presents itself as a great trading opportunity, with over 200 CFDs on offer. However, they list none.

What’s more, we have no information about the owner, which means you have nobody to reach out to in case of any issues. Read this unbiased DeCapitals review for more details.

Legal Information About DeCapitals Broker

DeCapitals claims to be registered in Saint Vincent and the Grenadines in its Terms and Conditions. If this were true, the firm would need to be registered and supervised by the local authority, FSA. While this body doesn’t regulate Forex firms, they do provide regulation to crypto providers.

As you can guess, our search for the brokerage yielded no results. This gives us a quick answer to the question of whether DeCapitals is a legit crypto trading provider. Of course not.

Furthermore, the company didn’t bother to provide us with essential information, such as DeCapitals contact details, withdrawal options, or even trading platforms’ choices. All in all, they want you to give money for their sales pitch.

How Does the Broker Find Its Victims?

The DeCapitals website was registered back in June 2022 through NameCheap. Ever since, the company has been placing fraudulent ads through social media channels, such as Facebook, Instagram, and YouTube. According to our research, the majority of their victims come from:

• Germany,
• Switzerland,
• France.

Usually, scammers entice victims by promising high returns from little to no investment. For instance, DeCapitals says it offers digital asset yields, presumably more elevated than other companies can provide. Since the broker is not under regulatory supervision, they can advertise pretty much anything until they’re caught and banned. Then, they’ll pop up under the new domain, as fraudsters usually do.

Before we move on, we want to warn you about CapitalsWise and similar deceptive companies. Don’t trust them with your hard-earned money.

What Traders Think Of DeCapitals Broker?

If you check Trustpilot, as we did, you will find that the broker is rated average. At the time of writing, we found 56 reviews of mixed sentiment. While some claim that they had a great experience, others are describing how they lost thousands of euros.

Knowing that our brokerage house in question is not licensed, we’re inclined to believe those who have experienced withdrawal issues. Check any broker before investing, and if you already have problems with DeCapitals support, keep on reading for more details.

Trading Fees and Taxes

The site presentation is so obscure that we were unable to find even basic trading information. For instance, we don’t know the leverage you’ll be offered or how much you will have to pay for trading fees. All we know is a dormant account fee of $30 per month if the account is inactive for 12 months.

We found from reviews that customers are prompted to pay various taxes before their payout request is approved. As you can guess, you won’t see a penny back even if you pay. This is just another tactic of swindlers trying to extort one last deposit before vanishing and suspending your DeCapitals login and money access.

DeCapitals Trading Features – Trading Platform and Account Types

Unlike typical brokers, the DeCapitals scam is pretty apparent. The company doesn’t mention which kind of a platform you can access, and neither are there dedicated account types. Mainly, brokers trying to appear legitimate are showing their clients some upgrades to pay more money. This one doesn’t.

What’s more, the company claims to have over 200 CFDs on offer but without listing any. All we know is that you can get access to crypto coins, such as BTC, LTC, and ETH.

Furthermore, no Demo account would allow us to test the system before we pay the unknown minimum deposit. All in all, it’s clear that the best choice for us and every other trader out there is to stay away and find a legitimate crypto firm.

How to Withdraw Profit?

If you trust the website, which we highly doubt, here’s a list of viable DeCapitals withdrawal payment methods:

• Debit/credit card,
• Bank transfer,
• Bitcoin.

The company says that if you deposited via credit card, a withdrawal will be made using the same means of payment. If, however, you invested through bank wire, they can choose whether to return the money to your card or bank account.

Furthermore, it will take 3-10 business days to process your request, plus an additional three days for the money to appear in your account. It’s an exceptionally long period of waiting. In addition, your request may be denied if you have accepted bonuses and didn’t execute a minimum volume of 40 times for every $1 you have received.

Finally, if your account has been active for less than 30 days and you have executed less than 25 trades, you will have to pay a service fee of 150 EUR. Basically, you’re being punished for testing the system.

Conclusion of DeCapitals Trading Services

To summarize, DeCapitals is unregulated, offshore, and shady. The company doesn’t provide clients with basic information, such as a minimum deposit or trading platform choice, and has malicious clauses preventing withdrawals.

If you’re one of the victims that fell for the broker’s telltale, let us know immediately. Our chargeback experts and CipherTrace crypto analysts can analyze your case in detail during a free consultation to help you recover what’s rightfully yours. Don’t lose your money to scammers. Act now!