Home Capital Trading FX – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Home Capital Trading FX - DO NOT TRADE WITH THIS PROVIDER
2.6/10
$100
Minimum Depositupdated 2022
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 URL: https://homecapitalfx.com
Founded: 2022
Regulations: Unlicensed
Languages: English, All Google Translate Languages
Deposit Methods: Wire Transfer, PayPal, Stripe, Bitcoin
Minimum Deposit: $500
Free Demo Account: No
Number of Assets: Unknown
Types of Assets: Forex/CFD, Real Estate, Cryptocurrencies, Assets
Trading Accounts and Conditions
Home Capital Trading FX offers their clients trading plans and mining plans.
Trading Plans:
- Starter Plan: The minimum investment in this plan is $50 and the maximum is $3,999. In 24 hours, you are promised a 10% profit.
- Silver Plan: The minimum investment is $4,000 and the maximum is $9,999. In 48 hours, you are promised a 15% profit.
- Gold Plan: The minimum investment is $10,000 and the maximum is 15,999. In 72 hours, you are promised a 35% profit.
- Diamond Plan: The minimum investment is $16,000 and the maximum is $20,000. In 96 hours, you are promised a 50% profit.
Mining Plans:
- Clarke: The minimum investment is $3,000 and the maximum is $24,999. The duration of this plan is 15 days, and you are promised 100% profits.
- Tradis: The minimum investment is $25,000 and the maximum is $49,999. The duration of this plan is 30 days and you are promised 130% profits.
- Blackbox: The minimum investment is $50,000 and the maximum is $79,999. The duration of this plan is 72 days and you are promised 150% profits.
- Ultimate: The minimum investment is 80,000 and maximum is $100,000. The duration of this plan is 96 days and you are promised 200% profits.
There is no mention of any trading conditions.
Home Capital Trading FX – Advantages
Home Capital Trading FX is not a broker that you should trust; there are no advantages in trading with them.
Home Capital Trading FX – Disadvantages
Given below are all the reasons why we believe that Home Capital Trading FX is a scam operation:
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Lack of Regulation
Home Capital Trading FX claims to be based in London, in the United Arab Emirates! The broker has also uploaded the image of a Certificate of Incorporation of a company by the name of BITCAPITAL LTD, and claims that they are licensed in this country.
However, while going through their website, we found that this broker also claims to be regulated by the Financial Services Authority in the United States.
If this broker actually were licensed to operate in the UK, Home Capital Trading FX (and their parent company BITCAPITAL LTD) would be listed on the FCA’s (Financial Conduct Authority – UK’s financial regulator) register. We checked the FCA’s website, and we found out that this broker is actually blacklisted by the FCA for operating illegally in the UK. So, the first part of their claim has proved to be lie.
The second part of their claim is also another lie. There is no financial regulator called the Financial Services Authority in the United States. Brokers are regulated by the CFTC (Commodity Futures Trading Commission) and are required to be members of the NFA (National Futures Association). We did not even bother checking with these two authorities’ registers since this broker simply made up a bogus name in an effort to appear legitimate!
We are therefore dealing with a scam operation – one that is pretty sloppy. Dealing with such a broker puts not only your funds but also your personal information at risk.
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.
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No Trading Software
Home Capital Trading FX claims to offer their clients the MetaTrader 5 trading platform. However, once we accessed their client area, we found out that there wasn’t any trading software at all! All we found was a single chart – one that had been imported from TradingView.
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No Trading Conditions
When we checked the kind of trading accounts and trading conditions this broker had, we found out that this too was something this broker did not have. Instead, what we found were HYIPs – High Yield Investment Plans.
Rather than trading accounts, there are two types of investment plans – trading plans and mining plans. And profits are absolutely guaranteed!
We need to let you know that this is a complete scam. There is not a single broker on earth that can promise you any kind of a profit. With such volatile markets, traders tend to lose more money than they make while trading. In fact, statistics show that between 75% to 85% of all trades end in losses. And even the most seasoned traders seldom make huge profits; the more realistic returns range from 10% to 15% annually.
Therefore, the kind of profits that this broker is promising are just lies. What the broker is asking you to do is to deposit your hard-earned money with them, sit back and watch the returns pour in. This is just not possible.
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Limited Payment Options
On their website, Home Capital Trading FX claims to offer the following payment options: Wire Transfer, Skrill, Stripe, PayPal and Bitcoin. When we checked, we found out that the Skrill option did not work. There was also no option to use bank cards (credit and debit cards). PayPal also did not seem to be working.
We need to point out that the lack of a credit card option shows this broker’s scam. With credit and debit cards, if you have been scammed, you can file for a chargeback and there is a good chance that you could get your money back. With wire transfers and cryptocurrencies, it is all but impossible. This is why scammers such as Home Capital Trading FX simply does not offer options where you could get your money back.
Conclusion
Home Capital Trading FX is a sloppy scammer that hasn’t even made the effort to create a presentable website. This scammer is depending on the false promises of huge returns to scam traders. It would be best to stay away from this entity.
Home Capital Trading FX
Pros
- None
Cons
- Lack of Regulation
- No Trading Software
- No Trading Conditions
- Limited Payment Options
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.
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