Gryphon Capital Review: A Classic Example of a Scam Broker
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Gryphon Capital - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2025
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.
Try these regulated brokers if you want to start trading cryptocurrencies
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: https://gryphoncapital.org/
Regulation: No
Language: English
Guaranteed funds: No
Segregated accounts: No
Minimum deposit: $250
Leverage: 1:100
Spread: 3
When searching for a trading platform, it is essential to be cautious and vigilant to avoid falling victim to scams. Gryphon Capital presents a textbook example of a fraudulent trading platform that hides behind promises of easy profits and advanced tools. This review will guide you on how to spot a potential scam and why Gryphon Capital should be avoided at all costs.
The Basics of Gryphon Capital
One of the first red flags when researching Gryphon Capital is the complete lack of transparency. Legitimate brokers are always open about their operations, including their legal entity, physical address, and relevant licenses. Unfortunately, Gryphon Capital offers none of this vital information. There is no mention of the company name, its registered location, or contact information on its website or in its legal documentation. This kind of secrecy is a major indicator that you’re dealing with a scam.
Disadvantages:
Regulation and Trustworthiness
The absence of regulation is another glaring issue. Regulatory bodies play a significant role in ensuring that brokers operate fairly and ethically. When you invest through a regulated broker, your funds are protected, and the broker is held accountable for its actions. Regulated brokers are also required to maintain segregated client accounts and offer protection against negative balances, which means clients cannot lose more money than they have in their accounts.
Gryphon Capital, however, has no regulation. The platform provides no guarantee of fund security, no segregated accounts, and no protection against negative balances. Without a regulatory body overseeing its operations, Gryphon Capital can do whatever it wants with your money, and there’s no one to hold it accountable.
To further emphasize the dangers of Gryphon Capital, there is no record of it in the register of the Polish Financial Supervision Authority (KNF). Additionally, financial regulators in several countries, including France and Russia, have blacklisted Gryphon Capital due to its shady operations.
In contrast, if you choose to invest through a regulated broker, such as those licensed by the UK’s Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC), you are afforded various protections, including up to €20,000 in compensation in the event of broker bankruptcy. These measures ensure that your investment is secure and that you are dealing with a trustworthy entity.
Unreliable Trading Platform
Once you register on Gryphon Capital, you gain access to a very basic and unimpressive web trading platform. This platform offers few customization options, advanced tools, or any of the features that you would expect from a legitimate broker. It’s a simple, unattractive interface that’s been used by many other fake brokers. In fact, the use of this very same platform by multiple scam websites is a common tactic to deceive unsuspecting traders into thinking they are engaging in real trading.
Another concerning feature is the links on the website that prompt users to download remote access software. Scammers often use this tactic to gain control over their victims’ devices under the pretence of offering “technical help” or “customer support.” By installing this software, you would unknowingly provide the scammers with access to sensitive information, such as passwords and personal financial details.
Legitimate brokers, by comparison, offer reputable trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader, which are known for their security and reliability. These platforms allow traders to utilize various indicators, automated trading, and mobile versions, ensuring a smooth trading experience. Gryphon Capital’s offering, however, is far from legitimate.
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.
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.
Unclear Deposit and Withdrawal Terms
Gryphon Capital lists a minimum deposit requirement of $250, which is the industry standard. However, there are many reputable brokers that allow you to start with a much lower deposit, offering more flexibility to new investors. The minimum deposit amount, while typical, is not the issue—it’s the platform’s shady payment practices and withdrawal restrictions that raise major concerns.
When looking into the payment methods available on Gryphon Capital, you may notice that the platform initially lists common payment methods such as bank transfers and credit/debit cards. However, when you try to deposit funds, the platform redirects you to make crypto transfers. This is a common trick used by scam brokers, as cryptocurrency transactions are anonymous and irreversible, making it harder for victims to request refunds or chargebacks if they fall victim to fraud.
On the other hand, legitimate brokers offer a wide variety of secure payment methods, including well-known e-wallets like PayPal, Skrill, and Neteller. These payment options provide transparency and make it easier for customers to track their transactions and request refunds if necessary.
High Spreads and Leverage
Another issue with Gryphon Capital is its unreasonably high spreads. The spreads on Gryphon Capital’s platform are significantly larger than those offered by legitimate brokers. For example, the spread for the EUR/USD pair is set at 3 pips, while many regulated brokers offer spreads as low as 1 pip. This difference may seem small at first, but over time, it can eat into your profits and make trading much less profitable.
Additionally, Gryphon Capital offers leverage of up to 1:100. While leverage can amplify your potential returns, it also increases the risks of losses. Most regulated brokers, especially those operating in the European Union, are restricted by the European Securities and Markets Authority (ESMA) to offer lower leverage, typically capping it at 30:1 for major currency pairs. The high leverage offered by Gryphon Capital is another indication that it is not a legitimate broker.
Withdrawal Blockages and Scam Tactics
The withdrawal process on Gryphon Capital is where the scam truly begins to unfold. When attempting to withdraw funds, customers face an unreasonably high trading volume requirement—25 times the deposit plus any bonuses.
This type of clause is common among scam brokers, and it is specifically designed to prevent users from withdrawing their funds. Essentially, even if you have made profits or deposited funds, you will be unable to access your money without meeting these inflated requirements.
To make matters worse, Gryphon Capital doesn’t specify withdrawal fees or any clear terms regarding the withdrawal process. This lack of transparency is another warning sign that this platform is not operating ethically. In contrast, regulated brokers are upfront about their withdrawal policies, and there are typically no hidden fees or restrictive conditions.
Conclusion:
Gryphon Capital is a prime example of a fraudulent trading platform that operates without regulation or transparency. Its use of a basic trading platform, misleading payment methods, high spreads, and high leverage are all clear indicators of its fraudulent nature. Its anonymous operation, lack of legal documentation, and blacklisting by financial authorities in various countries make it clear that Gryphon Capital is not a legitimate broker.
Always be cautious of brokers that make promises that seem too good to be true or fail to provide clear information about their operations. Remember, if a broker operates in secrecy and offers unrealistic terms, it’s likely a scam.
Gryphon Capital
Pros
- None
Cons
- Lies About Regulation
- Unclear and High Minimum Deposit
- Issues with Trading Platform
- Issues with Trading Conditions
- Issues with Payments
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
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.
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.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more