GUILTY Case# 2015-057 | Jennyyy vs brokercapital.com

[ruseneca]

@Jennyyy,

This is a clear cheating case and I voted for Guilty. They cheat innocents. Cysec failing in big way to curb such incidents. They should cancel licenses or fine much more (so that they won't do it for others). You lost huge amount trusting these criminals.


And coming to @ruseneca comments ignore him. He is the only one consistently making wrong statements. As per him it is their right to tell lies. Only then they will get their pay cheques and he supports it.

It is like, there is a terrorist in society who attracts innocents to come near with false stories and kills people. Rather than kill the terrorist, @ruseneca says you shouldn't go near him and supports terrorist activities.

@naveen1020 has come here unprepared again. The broker is not regulated and he says that CySec should take some actions. They cannot do anything!
And sometimes, it is better to name the terrorist rather than killing him/her. If you kill a terrorist, another 3 would come and the problem just deepens. You don't have enough experience so I suggest you that you read more often and look for some information before investing thousands to a company which you classified as a "scammer".

We are here to help people with pieces of advice. I see that the only way to cope with this cold calling is to teach people how to resist on such shiny-miny offers with extremely bonuses. If a company has ever cheated or scammed someone, it is sure that they will offer you thousands of benefits and bonuses to attract you...until you make a deposit and you lose it all because you don't rely on your personal assessment but you leave someone to do your job.

I can only say that there are thousands of casinos which are also blacklisted! Nowadays, it is important firstly to look up some information about the company. As I wrote before, I have never heard of this broker which means that they are new, unregulated...it rings the bell! Lower deposit = lower risk.

 

[oscarra]

What ever way, assuming we consumers start to open accounts at TBI RBS Barclays…
Processing firms as Worldpay Algocharge…..providing them with false names false addresses
False passports, only this time we make sure they lose moneys !
Unless we hide in some hole, we certainly end up behind bars, very quickly !

Organized crime, that 10 years in France, and some are already sitting in the cool !

 

[Jennyyy]

I totally agree that Brokercapital.com is a organized crime. The people work there like a terrorist. They are such aggressive to rob people hard earning without any shame about it! I learn my first lesson for trading! The good thing is still so many nice people in trading community, and I got helpful information from them. Thank you for all helped here!

 

[naveen1020]

I totally agree that Brokercapital.com is a organized crime. The people work there like a terrorist. They are such aggressive to rob people hard earning without any shame about it! I learn my first lesson for trading! The good thing is still so many nice people in trading community, and I got helpful information from them. Thank you for all helped here!

Yes, there are lot of good people here. These firms work like terrorists and just ignore @ruseneca comments, where he is the only one arguing with every one (even with most seniors in this FPA). Fight to the extent.

We are here to help people with pieces of advice. I see that the only way to cope with this cold calling is to teach people how to resist on such shiny-miny offers with extremely bonuses.

Why the only way to cope such things is to teach people. Teach the firms also, that it is illegal to do such cold calling and tell all sorts of stories.

Lucky it didn't happened in SG, else the law is so strict that these firms would have been closed by now.

 

[Jennyyy]

Who can close it? I wrote to they regulator and have not receive any response yet. They are not strict at all.

 

[ruseneca]

Who can close it? I wrote to they regulator and have not receive any response yet. They are not strict at all.

@naveen1020 still lives in imaginary world where noone scams and cheats, there's no money but credit cards and banks which raise limits upon request. If @ruseneca is there, he's guilty for every word he says because he takes him back to the reality.

Regulators just issue a license, they cannot close the company. In some cases, they can suspend the license until a problem is fixed by the company. If it is not, the license is suspended. The company continues to operate, even though it is breaking to local laws and regulations. It is possible to relocate and apply for new license in other jurisdiction. In other words, if someone tries to cheat you, regulator won't help.They can just impose a fine for the broker.

As per Brokerscapital, this is what I found on their website...

Regulated by the International Financial Services Commission ("IFSC"), we succeeded in providing our traders with a secure trading experience.

There's no license information, such as date of issuing, license numb, validity etc. There's no company name, too. It is a tradition ( so to say ) that scam brokers use real company names and real offices BUT these companies do not operate in the Forex business. They are just trade companies.

This is what I found the "Broker Capital". It's in the list of licensed service providers and it might help:

 

[Jennyyy]

Thank you. I will try.

 

[Jennyyy]

I called them, and sent a email to director. See, if this time I am lucky. Thank you guys for help.

 

[Pharaoh]

It is very common for people to suggest filing a complaint with the wrong regulator. Although there's no harm in this, it is a good idea to try to verify the correct regulator and point victims to the correct places to file complants.

An additional good place to complain if wire transfers are involved is to the sending and receiving banks.

 

[ruseneca]

An additional good place to complain if wire transfers are involved is to the sending and receiving banks.

It is better if a local police office inform them and start a procedure of collecting information about the company. In most cases, they will not have the power to do anything with funds, especially wired funds.