Scam Brokers

Capital Adventures – Can You Trust Them?

Chainbits Staff | Publish date: 11/15/2023 (Last updated: November 22, 2023 08:24 AM)

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Capital Adventures - DO NOT TRADE WITH THIS PROVIDER

2.4/10

$100

Minimum Deposit

updated 2023

Try other platforms

The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.

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Plus500 Review - Regulated broker

Plus500CY Ltdauthorized & regulated by CySEC

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82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Website URL: https://capital-adv.com

Founded: 2023

Regulations: Not Regulated

Languages: English

Deposit Methods: Bank Transfer (Société Générale, Virtu Financial, Westpac, Bank of America, Barclays, BNP Paribas, Citibank, Commerzbank, Credit Agricole, Deutsche Bank, Goldman Sachs, KCG Hotspot, HSBC, JP Morgan Chase)

Minimum Deposit: $250

Free Demo Account: Not Available

Number of Assets: Unknown

Types of Assets: Stocks, Forex, CFDs

Trading Accounts and Conditions

Capital Adventure offers their clients the following trading accounts:

Standard: The minimum amount for deposits in this account is $250. There is no deposit bonus.
Professional: The minimum amount for deposits in this account is $10,000. There is a 30% deposit bonus.
Business: The minimum amount for deposits in this account is $30,000. There is a 50% deposit bonus.
Business Plus: The minimum amount for deposits in this account is $100,000. There is a 100% deposit bonus.

The spreads for the EURUSD start at 5.4 pips. The spreads for the GBPUSD start at 7.8 pips. The spreads for the USDJPY start at 5.8 pips. Commissions range from $8 to $20 per trade. There is no mention of other trading conditions such as leverage ratios, order execution methods and so on.

Capital Adventure – Advantages

There are no advantages to trading with Capital Adventure.

Capital Adventure – Disadvantages

Capital Adventure is a scammer and here are all the issues that confirm our conclusion:

Lies About Being Regulated

Capital Adventure claims to be regulated by multiple authorities. On their home page, the broker claims to be regulated by the Financial Conduct Authority of the UK, the Cyprus Securities and Exchange Commission, the Financial Sector Conduct Authority of South Africa, and the SCB (maybe the Securities Commission of the Bahamas, but the broker does not specify which regulator this is).

All of these claims are lies. This broker is not regulated at all. We checked the FCA’s online registry to see if this broker was really registered in the UK and we found out that they are not. Capital Adventure is not regulated by the FCA at all.

We also checked the other regulators’ online registers that this broker mentioned. None of them list Capital Adventure as a registered broker.

Our research has shown that Capital Adventure has lied about their being regulated. This means that this broker is a scammer.

Plus500

$100

Minimum Deposit

Start Trading

Read Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

$100

Minimum Deposit

Start Trading

Read Review

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

Blacklisted by Greek Regulator

While investigating Capital Adventure’s regulatory status, we found out that one of the EU regulators, Greece’s Hellenic Capital Market Commission (HCMC) has blacklisted this broker.

The regulator has identified Capital Adventure as an illegal forex broker in their jurisdiction. This is further proof that we are dealing with a scammer here.

Poor Trading Platform

Capital Adventure once again makes tall claims about themselves. The broker boasts that they offer a superior trading platform for their clients. This claim, just like their claim of being regulated, is a lie.

When we registered for an account and checked their live platform, we found out that what this broker offers their clients is an extremely poorly constructed trading software. It is web-based, but barely functions. There are no tolls available and the most that you can do on Capital Adventure’s platform is maybe buy and sell a limit set of assets.

When a broker offers a poor trading platform, we know they are scammers. This is because the main product offering for a broker is their trading platform. Therefore, legitimate brokers leave no stone unturned in offering the best possible trading platform available in the market.

So, a poor trading platform is a clear sign of a scam.

Incomplete and Unfair Trading Conditions

Another signal that we are dealing with a scammer here is the lack of complete and fair conditions for trading.

The minimum deposit requirement is too much, the spreads are exorbitantly high as are the commissions. There is no information on the risk, i.e., the leverage ratios, and we do not know what kind of order execution method is employed.

This skewed and incomplete information tells us we are dealing with a scammer. A legitimate broker would ensure that their trading conditions are spelled out precisely and in detail. Added to that, that broker would also ensure that their trading conditions are competitive and fair.

With Capital Adventure, trading would be highly expensive and not advantageous for traders at all. This is not a broker that one should deal with – even if they were actually regulated.

Lies About Payment Method

The only way you can make payments with this broker is via Bank Transfers. We are calling out Capital Adventure’s bluff, since none of the banks they have listed on their website would be willing to do business with an unregulated and blacklisted broker.

This broker is once again lying about the kind of payment methods they offer. Sadly, we do not really know what kind of payment option is really available.

This tells us once again that we are dealing with a scammer.

Issues with Withdrawals

We have huge issues with this broker’s withdrawals policy – what we know of it, anyway.

Capital Adventure only offers a single payment method, and the withdrawal time is a massive 5 to 10 business days and your withdrawal will cost you a massive $25 per withdrawal. This is unacceptable, especially when we realize that there are so many legitimate – respected – brokers that allow for instant withdrawals and they offer so many more withdrawal options.

Besides this information, we do not know if there is a trading volume target to be met before you will be allowed to withdraw your funds. We are also not told what the withdrawal limit is – what is the minimum you can take out or what the maximum you can take out is.

All of this tells us that Capital Adventure is a scammer.

Conclusion

Capital Adventure is a scammer and you cannot trust them with your funds. This broker must be avoided at all costs.