Capitalgates Review
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Capitalgates Review: A Risky Broker with Red Flags
Capital Gates, which is owned by ONLINE CLOUD LTD, is not a safe broker since it is not regulated by any serious financial authority. Lack of regulation means that clients are not protected by the law in case of malpractice or fraud. If you need a secure broker, it is essential to choose one that is regulated by a high-level financial authority to ensure security and fair treatment.
This review indicates the various red flags concerning Capital Gates, including regulatory warnings, consumer complaints, and suspicious withdrawal policies.
Websites:https://capitalgate.ee/
Problems of Capital Gates
No Regulation
The largest concern is that Capital Gates operates outside the jurisdiction of any financial authority with stringent requirements. What this means is that they can do as they please, which increases the likelihood of fraud.
Regulatory Warnings
The CommissioneNazionale per le Società e la Borsa (CONSOB), the financial regulatory body in Italy, has warned against Capital Gates. This indicates that the broker is likely trading without a license.
User Complaints and Poor Experiences
Several users have reported withdrawal issues, immorality from the account managers, and pressure to invest more. A few have even been scammed and accused afterward of using the website.
Suspicious Withdrawal Policies
One of the most frequent complaints from users is the requirement to pay additional fees or taxes before withdrawal. This is a common scam method used to extract more money from victims before disappearing along with their money.
User Experiences
Several users have described disturbing experiences with Capital Gates. One user said he had signed up to the platform hoping to raise funds for his mother’s hospital bill. He was assigned an account manager, Lucas Friss, who was friendly. Upon being asked to allow a third party to invest on their behalf, however, the user’s account was frozen, and he was falsely accused of fraud. Although they were unable to access their funds, they realized that their account was still active and was being used for cryptocurrency trades without their authorization. Later on, they notified them that they needed to pay €3,855 in taxes before they could receive their money, which was another suspicion.
FAQs
1. Is Capital Gates a legal broker?
No, Capital Gates is not licensed by any financial authority and has been warned by CONSOB for illegal activity.
2. Is it possible to withdraw my funds from Capital Gates?
Many investors reported that they couldn’t get their money back. Some were asked to pay additional taxes or fees before withdrawals, which is one of the most prevalent scam methods.
Conclusion
With extensive proof of dishonest activity, regulatory warnings, and numerous user complaints, Capital Gates appears to be a scam.
If you’ve been scammed by brokers like Capital Gates, don’t hesitate to reach out to the professionals.
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