Capital Group 24 Review: An Inexperienced Scam Operation

Many companies have come up in the forex space claiming to be the best. The number of forex brokers in the market is continuing to grow each day. One of the most recent companies in this space is Capital Group 24. They claim to offer the best conditions to make investors profitable.

Unfortunately, most people don’t do the necessary research. They do not check into a company’s background to ensure they are a legitimate operation. If you are not careful, you may fall victim to companies like Capital Group 24.

We can assure you that Capital Group 24 is not one of the best legitimate forex brokers in the market. They only want to look that way to attract customers. However, this is far from the truth.

This company is not what they want you to think. There are a lot of gaps that you should not ignore. On their website, Capital Group 24 claims to have been in the market since the year 2005. This is very interesting and attractive as it guarantees experience in the market. But we can assure you that this is not true.

Capitalgroup24.com Review

Capital Group 24 is a company that offers an online platform for forex trading and premium quality commodities. This means that investors can spread their risk across various assets. While this may be great, it does not mean a lot if the company cannot assure you of your funds’ safety.

Moreover, there is a lot of suspicious activity behind the platform that this company presents to us. The company presents us with one of the most popular trading platforms in MetaTrader 4. However, the platform is not their own. There is another name we encounter there, which is very suspicious. If this company is willing to lie about this, there is no telling what else they are willing to do.

Additionally, these people are offering technical analysis services to clients. This is despite them not introducing us to any of their experts. No legitimate company would ever do that. Do not take financial advice from unknown individuals.

Moreover, they are even offering account management services. The least that this company could do is present us with their trading results.

In terms of customer support, this company has a very poor system. The only way to reach Capital Group 24 is via email at support@capitalgroup24.com. This is very unreliable as emails can go days without a response.

Capital Group 24 Account Types

Capital Group 24 offers six main account types. These are the Standard, Classic, Gold, Premium, Islamic, and VIP accounts. Let’s briefly take a look at each of these accounts.

First is the standard account. This has a minimum deposit of $500. This account does not come with any perks.

The second is the Classic account. It has a minimum deposit of $2,500. This account gives clients access to all platform features.

Coming third is the Gold account. The minimum deposit stands at $20,000. This account gives clients access to all platform features, a VIP manager, and SMS alerts.

The Premium account is the fourth option. It has a minimum deposit of $50,000. It gives clients access to all platform features, a VIP manager, and SMS alerts. Additionally, clients get special promotions, one-on-one trading, and personal reports on the stock market.

The Islamic account is specifically for Muslim clients. This company accepts a minimum deposit of $350,000, a VIP manager, and SMS alerts. Additionally, clients get individual direct phone contact and more information on autochartist.

The final account is the VIP account. It accepts a minimum deposit of $500,000. This account has features such as online chat, SMS alerts, a VIP manager, among other features.

Founders and Physical Location

Capital Group 24 does not introduce us to any of its founders. A company with nothing to hide will always display to the public the people behind the operations. Most scammers hide their founders’ identities so that they do not face the law.

Do not invest with mysterious people on the internet. That is a recipe for disaster. You may end up losing all your money. Even worse, it would be impossible to track these people down.

Capital Group 24 claims to operate from 45 Monument St, London. We know that the people behind this company are fond of lying and cutting corners. Their only interest is stealing money from investors. Therefore, there is no reason for us to believe that they operate from this location.

Moreover, we have to ask ourselves whether they are a legal operation in the United Kingdom. This is a question we will answer in the next section.

Capital Group 24 Regulation and Fund Safety

Capitalgroup24.com states that it is a regulated company in the United Kingdom. We cannot just take them for their words. So we searched on the FCA’s registry to see whether this is true.

Unsurprisingly, there were no results matching Capital Group 24. Moreover, the company insists that clients should get their own regulations in their own jurisdiction. This is something we have not yet heard of in the market. This company must be taking investors for fools.

Evidently, this company does not have a regulatory license to operate. Therefore, they are an illegal operation that will soon shut down. You do not want to be a customer when that eventually happens.

Further, this company cannot assure you of your funds’ safety. No unregulated company can do that. This is because regulatory bodies ensure that companies have the right set up to protect investors’ funds. They ensure that companies have segregated bank accounts in Tier-1 banks.

An unregulated company can choose to operate without these conditions in place. Furthermore, there is no evidence of systems’ protection. The company does not tell us the hardware or software they use to keep the platform secure. This means that hackers can easily access and steal your funds and data.

Domain Insight

The developers claim that they launched Capital Group 24 in 2005. However, Whois records reveal a different story. We did a quick search on Whois.com to affirm this claim. You can check for yourself and see that the website’s registration date is 29 September 2020. Again, you can see that these people are diabolical liars.

Moreover, they only took a license for one year. This is very common in illegitimate companies. It shows that they may not be planning to stay in the market longer than that. This is the final nail on the coffin.

Final Verdict

Capital Group 24 is not a legitimate company. The founders operate in a very shady manner. For starters, we do not know who the founders are. They did not care enough to introduce themselves to the public.

Even worse, this is an unregulated company. This means that they are an illegal operation in the UK. Eventually, the law will catch up and shut them down. Do not be one of the customers when this happens.

For these reasons, we cannot recommend this company to you. The people behind Capital Group 24 are diabolical liars who do not care about you. Stay away from them to save yourself some trouble.

Luckily, there are many legitimate forex brokers in the market. Such companies operate with full transparency and can assure you of your funds’ safety.

 

Tags: Capital Group 24 Scam Review, Capitalgroup24.com Review