Ex Cap Review 2024 – Offshore Ruleless Practice

Behind the veil of flawless ratings and a purported sterling reputation of the Ex Cap scam lies a chilling revelation.  Their ratings are meticulously crafted, purchased like commodities in the marketplace of false prestige. 

As unsuspecting investors bask in the illusion of security, our Ex Cap review reveals a darker truth. Keep reading to find out more about a fraud masquerading as a bastion of regulatory compliance.

Loose Regulatory Supervision

The owning company of this alleged brokerage brand is established in the notorious SVG, where FSA, the jurisdictional regulator doesn’t oversee securities markets participants. Although Future Finance Group LLC is registered with SVGFSA, they are not licensed. 

Aside from that, there’s also a warning on this firm issued by the Czech regulator – ČNB. That’s as far as illicit entities can go without a license, and collecting warnings is their most notable achievement. They do not provide segregated accounts or compensation schemes and your funds aren’t protected by the negative balance insurance. 

Since we’re discussing potential risks your investments can be exposed to, we recommend you to also read our take on Bullexo. 

Scheming on Social Media

The ex-cap.com domain has been around for some time now, as it was launched in May 2022. The primary targets for the fraud are citizens of these nations:

• United Kingdom
• Germany
• United States
• Australia
• Philippines

The company works through their social media profiles on Facebook and LinkedIn, where the con artists maintain their pretense of a successful business. These social sites are not enough to keep a steady influx of victims, though.

For this reason, the firm uses various paid content on platforms like YouTube as well as active boiler room agents, who seek out further marks by phone.

Toxic Lies Deceive Investors

Nearly all of the Ex Cap reviews that you’ll find online are fakes posted by review seller networks. This is not only true for those found on TrustPilot or SiteJabber, but other content as well.

The thing that makes these fake comments relatively easy to spot is that they often contradict each other, or give a rating that is the opposite of the statement in the post itself.

Faking client trust is one of the predominant strategies with online schemes, including SagaTrade. If you suspect you’ve invested money with an online scam, feel free to contact our legal experts via the live chat.

Exorbitant Fees on Everything

Trading parameters on this trading portal are anything but attractive or lucrative. With the leverage of 1:200, beginners at trading are quick to lose all their life savings. 

Spreads are presented as if they’re everything a trader wants. Starting at 1.5 pips for the beginning account, these can get tighter with the amount of deposit until they’re down to 0.5 pips. Of course, these promises come from a blacklisted scammer, so do not take them at face value. 

Other costs involve an inactivity fee of 35 USDT monthly, and an administration fee, equal to 10% of the deposited funds.

Referral Scheme

Nothing describes a Ponzi scheme better than huge bonuses of up to 3,000 USDT and considerable discounts on spreads for your total number of referrals. 

For every new victim the existing customers bring in, various benefits are promised. Of course, none of that ever sees the light of the day and remains a part of the hopes and dreams of defrauded targets.

Trading Features Not Provided

Demands towards new customers involve passing detailed KYC before the clients even get to explore and test the trading options. That is a mask used to cover up the absence of sufficiently competent features and promised tools. Lets see details of this trickery. 

No Platform is Given

We could always say that the company expects each customer to fully verify their account before they get access to the trading terminal. However, this practice is only common with the unregulated platforms that wish to lead clients into revealing their personal data while not disclosing anything from their side.

In this case, it may as well be that no Ex Cap platform even exists. Since it’s hidden behind the paywall, it cannot be tested prior to investing.

Already Seen Range of Assets

Trading instrument types made available on this site could be nothing but false advertising since we have no confirmation if any trading could be done at all. In the absence of a reliable platform, the offer of financial products doesn’t carry much weight. In any case, here’s what’s allegedly promised:

• Currencies – EUR/USD, USD/AUD, EUR/GBP
• Shares – Tesla, Amazon, 3M
• Metals – Gold, Silver
• Indices – Nasdaq, Dow Jones, CAC
• Crypto – BTC, ETH, LTC
• Energies – Oil, Gas

Packages Miss Price Tags

There’s only three Ex Cap account types:

There’s nothing in particular that would motivate anyone to buy any of these bundles with unknown features. What additionally makes the offer suspicious is the absence of the prices for each of the packages. 

All of them feature the same leverage and instruments, with the difference in spreads. The Basic account also includes a commission of 5 USDT while others claim they do not charge trading commission at all.

Shady Withdrawal Conditions

The Terms and Conditions document clearly states that the sole financial channel for the company remains cryptocurrency transactions.

These transactions are allegedly done through the company’s site, but by an unnamed 3rd party crypto service provider. Furthermore, it’s noted that these transactions are decentralized, and that the company cannot be held accountable in the case of a transfer falling through.

If you’re one of thousands who were duped by these con artists, contact our chargeback experts for help!

Support That Doesn’t Respond

Clients, existing and potential ones, are encouraged to contact the customer service whenever they encounter a problem. However, no one seems to respond to emails and phone calls directed at staff. That speaks enough about the dedication of the said service.

Need Help? Contact Our Legal Team!

This brokerage is an unlicensed, unregulated entity that preys on prospective traders. Their strategy includes spreading various misinformation about the company history and intentions in order to squeeze their clients for money.

These cybercriminals are not to be trifled with. If you have money invested with this online scam, feel free to contact us via the live chat. We are available 24/7, and our first consultation is free of charge.

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