UCapital Broker Scam Review

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Trade Capital broker review

Minimum deposit


Maximum leverage

Year founded


Trading platform

This is not a verified broker!

We do not recommend you trading with this broker. Its regulation and reputation is doubtful.

There are many FX, CFDs and crypto brokers available for the retail traders. While some of these brokers are fully legitimate, others are not. Recently we received a review from one of the ForexNewsNow contributing writers, and we have kept the review unchanged, it is available under “Trade Capital review by a contributor” heading. However, the placement of this review has quickly triggered a response by Trade Capital employees, asking for an immediate removal of the review. This is why we decided to go ahead and actually explore the brokerage in a much more detail. Continue reading this Trade Capital review to check all of the details about this company that we were able to find.

Trade Capital quick company analysis

Once you access tradecapital.com and navigate to the footer of the website, you will be able to see the following:

The first thing that strikes us is that the footer information can hardly be read. Well, let’s say that this is rather a User Experience issue. If you compare their website to the IQ Option‘s website, for example, you can clearly see that reputable brokers provide you with good User Experience. Why? Because good brokers have nothing to hide from you.

We see that the brokerage claims to be incorporated in Switzerland, the website says that the brokerage is located at 12, RUE DU MONT-BLANC, 1201 GENEVE. Let us quickly check google street view to see if there is an actual office building under this address.

Oops, it seems like Trade Capital has its head office in Bristol Hotel. This is the first sign that tells us that Trade Capital is a scam.

Now, we also tried looking up some information related to Trade Capital Investments Ltd…and we were not able to find anything about this company. It does look like this company simply does not exist. This is another sign of a scam.

Once you navigate to the legal page at TradeCapital.com scam website, you will see that the terms and conditions govern the relationship between the client and a company called Lozareo Group LP. Luckily, this company is a real one, registered at 101 Rose Street South Lane, Edinburgh, United Kingdom, EH2 3JG…just like 1509 more companies.

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You may wonder, how 1510 companies can fit into a single building? Well, this is a registered office, and anyone can get an address there for as low as 29.99 GBP per annum. Currently, this company is headed by an Uzbekistanian citizen named Zafar Mavlyanov and its share capital is set at 100 GBP. This is certainly another hint that Trade Capital scam is a true statement.

What is Lozareo Group?

Let’s explore Lozareo Group LP in a bit more detail. Unlike the website mentions, the company has only been formed at the end of 2020 by two entities: Monter Impex Ltd and Solter Management Ltd, both of these entities are located under the same address on Seychelles. In general, there is a whole boring story about different shelf companies forming new companies, so the roots of the real people behind such scams as Trade Capital are hidden very deep. However, we can clearly see from the Google search that both of these companies have been involved in various Ponzi schemes and real estate scams. Hence, Trade Capital reviews do not only suggest that this broker is a scam, but you can be sure that dealing with this company means that you will be connected to the criminals of the highest caliber.

It does not seem like Trade Capital is the first scam launched by these people. We were able to find a website called CryptoNash.com, and it seems to be operating exactly under the same model.

So, it seems like it is now pretty much clear that this broker is a scam. If you landed on this page looking for a proper brokerage – simply choose XM, an option trusted by millions of traders.

ForexNewsNow experience with Trade Capital

Recently we were approached and threatened by Trade Capital representatives. They were demanding us to remove this review immediately as they claim to be a fully legitimate company.

Obviously, an unregulated shelf company has nothing to do with the legitimacy and we feel that it is our duty to warn you about Trade Capital scam. By now we have stopped any communication with the company representatives as we were simply tired of seeing the threats from criminals.

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Trade Capital review by a contributor

Many traders have managed to make millions in the Forex market, just look at some traders like George Soros, who made $1 billion in a single trade. You too can make a lot of money, but only if you avoid working with companies like the Trade Capital scam. While there is no definitive number of Forex brokers in the world, it’s safe to assume there are hundreds or even thousands of them available online. Trade Capital is just one name among the many, but this Trade Capital review is going to show you why this is one company you need to avoid. Like any other industry, the Forex market is full of scammers too hoping to snare some innocent victims. We hope, however, that after you’re done reading this post, you will be better armed and ready to distinguish between legitimate brokers and the scammers. For any Forex trader, it is very important to know the difference because there are a lot of scam brokers and it can be easy to fall into their traps… unless you know what to look for.

Is Trade Capital legit or not?

One of the most important things to look out for in a Forex broker is the company’s background itself. This is the same criteria you use to do anything really, after all, you don’t just buy a product from the supermarket unless you’re sure about the manufacturer. The same criteria should be used when choosing a Forex broker, and you should not give your money to a company unless you knew who they really were. After a Trade Capital website review, however, there was very little information provided about the broker that could help you determine the background of the company. The only information made available was that Trade Capital Investments Ltd. is the parent company behind the broker.

This is not enough information as it is nearly impossible to find out more about them. On their website, Trade Capital Investments Ltd. is based in Switzerland, but there is no information to back it up. Even a look at Trade Capital reviews did not yield any additional information. In fact, most of the reviews we could find pointed to the many failures of the company, with many of their previous clients complaining about a loss of their funds. They are able to do this because the company is not registered with any financial regulator. You would think that being based in Switzerland, Trade Capital would have a license from FINMA, but they don’t. Such a license could have given them more credit, but they do not have any license from them or any other financial regulator at all.

All of this led us to believe that Trade Capital is really just a shell company without any actual physical location. They simply run a virtual brokerage where they do not even provide the products they advertise on their website. Speaking of products, there is hardly a clue of the products they provide, which is even more evidence of the Trade Capital scam. On their homepage, it would appear that they provide trading services for cryptocurrencies, Forex pairs, and indices. However, there is no link to download a trading platform to test any of this out. Basically, this means that you have to first open an account and make a deposit before you can be able to do so. Nevertheless, it is not advisable to make that deposit, no matter how small, because the signs already point to a company that doesn’t solicit any trust whatsoever.

Trade Capital Scam

Finally, it is time to answer the topic question, is Trade Capital a scam? Given all the evidence we could gather, there is no doubt this is a scam. We have done many broker reviews, and this Trade Capital review is typical of a scam broker that has nothing to offer but air. Next time you run into such a company, you know what signs to look out for to determine their legitimacy so that you’re not a victim like many other traders.

This is not a verified broker!

We do not recommend you trading with this broker. Its regulation and reputation is doubtful.

FTO Capital Review


The major international company with vast experience offers for the customer infinite possibilities in internet trading.


Broker FTO Capital
Website URL ftocapital.com
Founded 2020
Headquarters Ajeltake Road Ajeltake Island Majuro Marshall Islands
Support Number +44-208-068-25-65
Support Types Telephone, email, online form on the website
Languages English, russian
Trading Platform WEBTrader, Metatrader 4
Minimum 1st Deposit $250
Maximum Trade Amount $5
Payout From 80%
Leverage 1:20-1:500
Spread from 0.06 points
Free Demo Account Open Demo
Deposit Methods Bank transfers, bank cards (credit, debit) VISA/MasterCard, NETELLER, WebMoney, QIWI Wallet, Yandex.Money, etc.
Withdrawal Methods Bank transfers, bank cards (credit, debit) VISA/MasterCard, NETELLER, WebMoney, QIWI Wallet, Yandex.Money, etc.
Number of Assets 50+
Expiry Times 60 sec., 5 min., 10 min., 15 min., week – 1 month
Types of Assets Forex, raw materials, stocks, metals, CFD
Trading Currency USD, EUR, GBP
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9/10

Full Review

And yet, is FTO Capital a scam or a reliable platform that provides the user with a safe and hassle-free trading, stable earnings and quick withdrawal of funds? All this you can find out after reading the broker`s review.

Terms of trade with FTO Capital

FTO Capital is a successfully company that has been operating for several years, has a unique service, expanded opportunities for online trading, a large base of regular customers. Today it is a leader, who is interested in the fact that the user can earn money consistently on profitable financial markets. Offering innovative solutions, continuous development and improvement of service makes the broker strong and distinguishes it among similar Forex companies. In the company, it is customary to appreciate each client, who is waiting on the platform for quality service, new and profitable options. According to its creators, the basis for the success of the brand is exactly the feedback of traders.

Thanks to the cooperation with reliable suppliers of liquidity, the fast execution of transactions became possible. Strict adherence to the principles of fair trade and quality service increase trust between a broker and a trader makes the cooperation of the two sides as profitable as possible. We also have noted one interesting option – «Guardian angel», which includes notifications about current market trends, automatic feedback on Forex trading methods. Effective indicators and a handy calculator of stop losses are also available. This unique solution will improve the efficiency of work and will be a reliable assistant to the player.

Here they offer two platforms to choose – Webtrader or Metatrader 4, which allow successful and productive trading. You don`t need to download to your computer functional and user-friendly Webtrader, don`t need to install and learn complex instructions to work with it. Just log into website ftocapital.com and you can immediately start trading in a comfortable space with many opportunities to earn capital. Traders from all over the world do not only trust the innovative MetaTrader 4 platform, but can use it easy and there are powerful tools capable of implementing any tasks and strategies. Convenient free mobile application for smartphones and tablets (Android, iOS) offers round-the-clock access to the market, as well as to the management of funds in the personal account when it is convenient to the speculator.

Trade in system is available as newcomers to the market and the professionals make it easy to achieve the desired result. In addition there are some advantages of cooperation with the broker: a variety of assets (currencies, raw materials, stocks, metals, CFD), use of a large credit leverage, professionalism of the support service, presence of demo-trading, security of transactions, minimum deposit that makes trading available.

The professional staff works for FTO Capital who prepares high-quality analytics for clients: daily forecasts, calculations and reviews, candlestick and graphical analyses. The latest news are published on the informative and attractive official website ftocapital.com. For those who would like to improve their knowledge in the field of financial markets, a special training section is available (video courses, textbooks, reference materials, etc.), there you can learn not only the basic concepts and rules of trading, but also study the issues of psychology, get acquainted with profitable strategies, etc.

Deposit and withdrawal

Today, traders often note in reviews that the broker offers a limited choice of methods for depositing and withdrawing funds. Thus, the following options for transactions are available:

  • Bank cards (deposit, credit),
  • Bank transfer,
  • Payment systems (NETELLER, WebMoney, QIWI Wallet, Yandex.Money).

The money goes to traders’ bank accounts on time, usually within 5 working days.

Complaints against FTO Capital

FTO Capital broker has been operating in the market for a long time, so it has a lot of feedback from clients in the network. The main advantages of the platform are opportunities for good income, stability and convenience of the terminal, a lot of assets, comfortable leverage, fast transactions, low spreads, fast execution of transactions, quality of analytics, professionalism of analysts and technical support managers. The company is recommended to traders and friends; it also shows that by providing a unique service, it fulfills all obligations to customers.

The following points are noted negatively more often: lack of communication with support managers, long withdrawal of capital, lack of opportunity to trade cryptocurrencies, as well as full information about the company, information about its regulation. At the same time, a representative of the company actively works on the forums, answers customers’ questions, helps to reduce the negative background. This is largely a positive characteristic of the broker, whom is important to hear the users and know their attitude to the service.

If we find complaints about FTO Capital, we will post it on social media. Follow us to be well informed:

FTO Capital broker regulator

The broker is managed by Nona Marketing LTD, which is registered in the Republic of the Marshall Islands (No.84882). It allows you to regulate disputes between a broker and a client quickly, insures and protects user deposits. We should note that the broker does not have a license to carry out activities in the field of financial markets now, let us hope that this issue will be positively resolved by the company.

Is FTO Capital a scam?

Forex/CFD broker FTO Capital is a large international company with extensive experience and many unique options in order to offer unlimited opportunities in the field of Internet trading to a large audience of clients. Constant development, provision of innovative solutions and quality service, as well as the primary focus on the user distinguish the organization among the Forex market brokers (find out the truth about Forex here). The fact of the company`s success is a large volume of transactions on the platform that are made by its customers. Today, the broker is interesting to speculators; the number of its regular users is growing rapidly. Well-thought-out trading conditions are a serious advantage of the company: low spreads comfortable leverage, minimum deposit, profitable assets for investments, fast execution of rates, etc.

It is profitable to cooperate with the company, because it offers only proven solutions for work. Trading takes place on reliable WebTrader or Metatrader 4 terminals. Access to the legendary MT4 proves that FTO Capital is important to provide only the best programmes that enable to invest profitable and consistently in assets to build and test your strategy, etc. We also noted the presence of a free mobile application that opens up new opportunities for round-the-clock trading and tracking the account status at any convenient place for the user. Thanks to the «Guardian angel» option, a real assistant of the system participant, it is easy to monitor the market atmosphere and receive a significant income. Of course, the trader will like a stop loss calculator.

Both beginners and professionals feel comfortable working with the broker. You cause different strategies, educational trading is available. On the broker’s official website ftocapital.com the mass of useful material is offered: training (thematic books, video courses), qualitative analytics (reviews, calculations), the latest news. All this confirms that the company is interested in stable earnings of the user. In that case, if the trader would like to contact the support manager, it can easily be done in different ways: by phone, e-mail, through a special form of the site.

We note here again that a large number of references in Internet, mostly positive, about working with the broker; this only attracts new players to the platform. The advantages, for example, are availability of income through trading, convenience of the terminal, presence of a mobile application, a variety of assets, comfortable credit leverage, quick execution of transactions, etc. There are also negative comments that often relate to the lack of information about the regulation of the company, long withdrawal of capital due to technical support. It is worth noting that the broker’s representative works actively on specialized resources, which answers the questions of clients. Should we still identify FTO Capital as a scam artist and bucket shop? Today we are ready to answer with «no» to this question, because the company is well represented on the market, has a number of unique differences from competitors, offers a serious service to customers, while doing everything to ensure that trading become sa stable and profitable occupation for them.


Forex/CFD broker FTO Capital is a serious international organization that has extensive experience in the field of financial markets. Offering numerous clients access to online trading, it primarily focuses on the needs of users, constantly uses innovation, and ensures high quality service. The fact that the broker has a large base of traders who trust the platform with their money says a lot about the correctly chosen path of development.

We will not state unequivocally that FTO Capital is a scam artist and bucket shop. However, we encourage traders to publish on our website reviews of cooperation with the company, because it will not only help the company’s clients, but also significantly affect the rating of the platform on our project.

Is Your Forex Broker a Scam?

If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.

When you’re looking to trade forex, it’s important to identify brokers who are reliable and viable, and to avoid the ones that are not. In order to sort out the strong brokers from the weak and the reputable ones from those with shady dealings, we must go through a series of steps before depositing a large amount of capital with a broker.

Trading is hard enough in itself, but when a broker implements practices that work against the trader, making a profit can be nearly impossible.

Key Takeaways

  • If your broker does not respond to you, it may be a red flag that he or she is not looking out for your best interests.
  • To make sure you’re not being duped by a shady broker, do your research, make sure there are no complaints, and read through all the fine print on documents.
  • Try opening a mini account with a small balance first, and make trades for a month before attempting a withdrawal.
  • If you see buy and sell trades for securities that don’t fit your objectives, your broker may be churning.
  • If you are stuck with a bad broker, review all your documents and discuss your course of action before taking more drastic measures.

Separating Forex Fact From Fiction

When researching a potential forex broker, traders must learn to separate fact from fiction. For instance, faced with all sorts of forums posts, articles, and disgruntled comments about a broker, we could assume that all traders fail and never make a profit. The traders that fail to make profits then post content online that blames the broker (or some other outside influence) for their own failed strategies.

One common complaint from traders is that a broker was intentionally trying to cause a loss in the form of statements such as, “As soon as I placed the trade, the direction of the market reversed” or “The broker stop hunted my positions,” and “I always had slippage on my orders, and never in my favor.” These types of experiences are common among traders and it is quite possible that the broker is not at fault.

Rookie Traders

It is also entirely possible that new forex traders fail to trade with a tested strategy or trading plan. Instead, they make trades based on psychology (e.g., if a trader feels the market has to move in one direction or the other) and there is essentially a 50% chance they will be correct.

When the rookie trader enters a position, they are often entering when their emotions are waning. Experienced traders are aware of these junior tendencies and step in, taking the trade the other way. This befuddles new traders and leaves them feeling that the market—or their brokers—are out to get them and take their individual profits. Most of the time, this is not the case. It is simply a failure by the trader to understand market dynamics.

Broker Failures

On occasion, losses are the broker’s fault. This can occur when a broker attempts to rack up trading commissions at the client’s expense. There have been reports of brokers arbitrarily moving quoted rates to trigger stop orders when other brokers’ rates have not moved to that price.

Luckily for traders, this type of situation is an outlier and not likely to occur. One must remember that trading is usually not a zero-sum game, and brokers primarily make commissions with increased trading volumes. Overall, it is in the best interest of brokers to have long-term clients who trade regularly and thus, sustain capital or make a profit.

Behavioral Trading

The slippage issue can often be attributed to behavioral economics. It is common practice for inexperienced traders to panic. They fear missing a move, so they hit their buy key, or they fear losing more and they hit the sell key.

In volatile exchange rate environments, the broker cannot ensure an order will be executed at the desired price. This results in sharp movements and slippage. The same is true for stop or limit orders. Some brokers guarantee stop and limit order fills, while others do not.

Even in more transparent markets, slippage happens, markets move, and we don’t always get the price we want.

Communication Is Key

Real problems can begin to develop when communication between a trader and a broker begins to break down. If a trader does not receive responses from their broker or the broker provides vague answers to a trader’s questions, these are common red flags that a broker may not be looking out for the client’s best interest.

Issues of this nature should be resolved and explained to the trader, and the broker should also be helpful and display good customer relations. One of the most detrimental issues that may arise between a broker and a trader is the trader’s inability to withdraw money from an account.

Broker Research Protects You

Protecting yourself from unscrupulous brokers in the first place is ideal. The following steps should help:

  • Do an online search for reviews of the broker. A generic internet search can provide insights into whether negative comments could just be a disgruntled trader or something more serious. A good supplement to this type of search is BrokerCheck from the Financial Industry Regulatory Authority (FINRA), which indicates whether there are outstanding legal actions against the broker. And if appropriate, gain a clearer understanding of the U.S. regulations for forex brokers.
  • Make sure there are no complaints about not being able to withdraw funds. If there are, contact the user if possible and ask them about their experience.
  • Read through all the fine print of the documents when opening an account. Incentives to open an account can often be used against the trader when attempting to withdraw funds. For instance, if a trader deposits $10,000 and gets a $2,000 bonus, and then the trader loses money and attempts to withdraw some remaining funds, the broker may say they cannot withdraw the bonus funds. Reading the fine print will help make sure you understand all contingencies in these types of instances.
  • If you are satisfied with your research on a particular broker, open a mini account or an account with a small amount of capital. Trade it for a month or more, and then attempt to make a withdrawal. If everything has gone well, it should be relatively safe to deposit more funds. If you have problems, attempt to discuss them with the broker. If that fails, move on and post a detailed account of your experience online so others can learn from your experience.

It should be pointed out that a broker’s size cannot be used to determine the level of risk involved. While larger brokers grow by providing a certain standard of service, the 2008-2009 financial crisis taught us that a big or popular firm isn’t always safe.

The Temptation to Churn

Brokers or planners who are paid commissions for buying and selling securities can sometimes succumb to the temptation to effect transactions simply for the purpose of generating a commission. Those who do this excessively can be found guilty of churning—a term coined by the Securities and Exchange Commission (SEC) that denotes when a broker places trades for a purpose other than to benefit the client. Those who are found guilty of this can face fines, reprimands, suspension, dismissal, disbarment, or even criminal sanctions in some cases.

SEC Defines Churning

The SEC defines churning in the following manner:

Churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account chiefly to generate commissions that benefit the broker. For churning to occur, the broker must exercise control over the investment decisions in the customer’s account, such as through a formal written discretionary agreement. Frequent in-and-out purchases and sales of securities that don’t appear necessary to fulfill the customer’s investment goals may be evidence of churning. Churning is illegal and unethical. It can violate SEC Rule 15c1-7 and other securities laws.

The key to remember here is that the trades that are placed are not increasing your account value. If you have given your broker trading authority over your account, then the possibility of churning can only exist if they are trading your account heavily, and your balance either remains the same or decreases in value over time.

Of course, it is possible that your broker may be genuinely attempting to grow your assets, but you need to find out exactly what they are doing and why. If you are calling the shots and the broker is following your instructions, then that cannot be classified as churning.

Evaluate Your Trades

One of the clearest signs of churning can be when you see buy and sell trades for securities that don’t fit your investment objectives. For example, if your objective is to generate a current stable income, then you should not be seeing buy and sell trades on your statements for small-cap equity or technology stocks or funds.

Churning with derivatives such as put and call options can be even harder to spot, as these instruments can be used to accomplish a variety of objectives. But buying and selling puts and calls should, in most cases, only be happening if you have a high-risk tolerance. Selling calls and puts can generate current income as long as it is done prudently.

How Regulators Evaluate Churning

An arbitration panel will consider several factors when they conduct hearings to determine whether a broker has been churning an account. They will examine the trades that were placed in light of the client’s level of education, experience, and sophistication as well as the nature of the client’s relationship with the broker. They will also weigh the number of solicited versus unsolicited trades and the dollar amount of commissions that have been generated as compared to the client’s gains or losses as a result of these trades.

There are times when it may seem like your broker may be churning your account, but this may not necessarily be the case. If you have questions about this and feel uneasy about what your advisor is doing with your money, then don’t hesitate to consult a securities attorney or file a complaint on the SEC’s website.

Already Stuck With a Bad Broker?

Unfortunately, options are very limited at this stage. However, there are a few things you can do. First, read through all documents to make sure your broker is actually in the wrong. If you have missed something or failed to read the documents you signed, you may have to assume the blame.

Next, discuss the course of action you will take if the broker does not adequately answer your questions or provide a withdrawal. Steps may include posting comments online or reporting the broker to FINRA or the appropriate regulatory body in your country.

The Bottom Line

While traders may blame brokers for their losses, there are times when brokers really are at fault. A trader needs to be thorough and conduct research on a broker before opening an account and if the research turns up positive for the broker, then a small deposit should be made, followed by a few trades and then a withdrawal. If this goes well, then a larger deposit can be made.

However, if you are already in a problematic situation, you should verify that the broker is conducting illegal activity (such as churning), attempt to have your questions answered, and if all else fails, and/or report the person to the SEC, FINRA, or another regulatory body that could enforce action against them.

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