In the last few weeks, we’ve had a lot of emails requesting for information about Go Capital FX. If you’re here, it means you’ve heard about this broker too. We’re talking about this broker because some bad sites, at the end of the process, lead customers to this broker. So, we need to check it.
Does it work or is this another scam? In this article, we will try to answer these questions and introduce other alternatives that you can use instead of this platform (we are talking about brokers like eToro and 24Option).
What do people think about Go Capital FX?
As you may already know, Go Capital FX is frequently talked about online. The broker is in fact doing a lot of publicity and aside from the reviews about it, we are now interested in understanding more about its level of security.
By looking at the home page, you can see that Go Capital FX is related to Lancelot Limited Equity Ltd, a company based in the Dominican Republic. The country in question does not have any regulatory standards to online investments. That said, we can say that Go Capital Fx has not the European’s regulatory standards.
This lack of regulation leads to a number of problems. The main one is that there is no authority that you can refer to in case of fraud and money reimbursement. Moreover, this broker does not have clear trading conditions nor does it specify the minimum deposit required to open a real money account.
If you compare this to a platform such as eToro, this broker specifies that to start trading with real money, you must make a minimum deposit of 200 euros.
It is a sum that remains the property of the user, who can choose how to invest it in various markets. eToro is obviously a regulated broker. It has a CySEC license and a Consob authorization. Our advice when these two licenses are lacking is to change platforms because the absence of regulations would run you the risk of a lack of guarantee to protect your money and personal data.
Alternatives to Go Capital FX
When talking about Go Capital FX, it is necessary to remember the fact that this broker allows you to use the MT4 platform, a very professional software. You can also use this platform through other brokers, as FxPro. If you are a beginner, by the way, I suggest you to use a more easy-to-use platform, like 24option or eToro, for example.
Aside from being a legalized entity, as soon as you sign up for 24option, you will be contacted by an online trading expert over the phone. This professional is ready to make his or her knowledge available to users by providing free advice.
What does 24option offer to clients
In addition, 24Option allows you to learn how to invest thanks to a very simple free guide. It is an ebook that focuses on the practical aspects of online trading and is great for those who are starting from scratch and are looking for online trading courses on the web without dealing with complicated theoretical concepts.
In addition to being written in layman’s terms, you can also download it even if you are not one of 24Option’s users. If you wish to start browsing, you just have to enter a valid email and start from here.
24Option also allows you to practice trading using a demo account. Thanks to it, you can practice without risking capital since you operate with virtual money.
The account in question must obviously be replaced after a few hours with the one with real money. 24Option is extremely clear about this and specifies that to activate the account with real money, you need to make a deposit of at least 250 euros.
24Option also allows you to invest in various assets, which ranges from cryptocurrencies and stock indices, up to commodities and stocks.
In short, you can invest in the most important assets without doing much.
Use only regulated platform: like eToro
Remember that there is always a downside when you are using a platform that is not regulated. That is the reason why we encourage you to others that have been authorized by regulatory authorities.
We also mentioned eToro and that it is a legal broker that clearly specifies the amount you should pay for the first deposit. Upon signing up, this platform allows you to start from scratch and invest in a simple way through Copy Trading, a patented mechanism that is based on the ability to copy what has already been done by successful traders.
eToro also allows you to invest in famous assets such as cryptocurrencies and stocks and thanks to Copy Trading, you can do so immediately without much effort.
When you decide to start investing, it is essential to put emphasis on security and Go Capital FX does not guarantee this at all. So we encourage you to think first before you proceed with brokers like Go Capital Fx.
When talking about Go Capital FX, you should remember that this broker is not free. It charges fees and requires a payment for those who do not use their accounts. If you keep your trading account idle for more than 90 consecutive days, you have to pay $38 a month.
In addition to this, there is also what they call the minimum withdrawal, which corresponds to 50 dollars.
On the broker’s website, it is stated that there are no withdrawal fees. However, the conditions regarding this have several obscure points concerning money management.
Other brokers like eToro and 24Option invite you to pay a sum equal to the minimum deposit. In addition, they allow you to withdraw even small amounts, so that users can personally check for fees or delays.
Go Capital FX is therefore very unclear on this issue and we reiterate once again that it differs greatly from brokers such as eToro and 24Option which provide all information about withdrawal fees and the like.
Is Go Capital FX a scam?
We cannot officially say that Go Capital FX is a scam since there is no ruling about it. What we can do is to advise against its use because of the reasons mentioned above.
So what is this website about? Websites like Bitcoin Evolution, Bitcoin Revolution and Profit Maximizer or those websites that promise stratospheric gains through online trading but are involved in important issues like the disappearance of users’ money are said to lead to Go Capital FX.
This is not a good advertisement for the platform at all. Even if the broker has not been involved in scandals or complaints, the fact that it is “tied” to these programs is not good for its image. Remember also that if you try to open an account from websites such as CashlessPay Group and Crypto Revolt, you are directed to Go Capital FX. These two sites are known scams.
Remember then that, as soon as you enter your data in the form of the broker, you are contacted by an employee of the platform, who tries to convince you to make a deposit and are said to talk about the extraordinary results that can be achieved by investing in Go Capital FX.
The deposit required is 250 euros and those who are said to have done that are invited to pay even more so as to have a greater guarantee of success with online trading. Of course, if you try to withdraw the amounts deposited you cannot do so.
The staff invites you to wait and continue to invest. The reason for this request is very simple and is related to the intention to expire the time for filing a Charge Back or the refund to be requested from your bank in case of fraud.
Since scams of this kind are unfortunately very widespread, banks and multinationals that issue credit cards are equipping themselves to increase the time for filing a Charge Banck. Mastercard, which until recently considered a maximum time of six months, now allows you to request the Charge Back even after a year and a half.
When you start investing – no matter the asset – you need to keep your feet on the ground. Easy money does not exist in online trading. That’s why you need to be wary of anyone who promises them and rely on serious, internationally controlled platforms. The list of brokers of this type is very extensive and among them we have decided to delve into eToro and 24Option.
If you compare all this with Go Capital FX and its relationship with dubious entities, eToro and 24Option obviously becomes the right choice to start investing and to do so even if you start from scratch. These platforms are, to say the least, transparent and put in all the conditions related to both the management of money and the risks that characterizes online investments.
Moreover, we always remember that it is important to study the Stock Exchange before starting to do online trading! Preparation can really make a difference.
We hope that we have helped you clarify your ideas about Go Capital FX and we invite you to share the guide with your Facebook contacts. This will allow many aspiring investors to avoid using this unregulated broker and choose one that is serious with online trading instead!