- 1 A Brief Overview of Cross Capital
- 2 Cross Capital License and Registration
- 3 Funding Accounts
Cross Capital Review
For those new at trading, avoid investing with Cross Capital. The platform is swindling funds from anyone who deposits with them. Find out more in our detailed crosscapitalfx.com review.
Cross Capital (crosscapitalfx.com) claims to provide the best trading conditions. The platform comes out as a professional forex investment platform. You don’t see the ruthless trading conditions members face after signing up. The platform refuses to allow withdrawals especially, for newbies. We must expose the red flags found on the platform. It will help protect naïve investors from falling into the same trap. Here’s more in our detailed CROSS CAPITAL REVIEW.
A Brief Overview of Cross Capital
Cross Capital is near silent on its background and history on the about us page. There’s no such thing as a mission statement. So we don’t know the platform’s objective, making them look unprofessional.
You have to invest in trading tools that provide real results. Go for genuine forex trading bots with a proven track record. Choose dependable forex bots that offer advanced trading features to help advance your skills.
On the other hand, Cross Capital is a platform that fails to deliver on its promise. Instead, we get a store that doesn’t bother informing investors of their rights. Most investors signed up due to the website’s appeal.
We have to give it to them for coming up with an appealing website. To the naked eye, the platform looks legit and professional. However, it’s not until you dig deeper do you start finding the red flags found in the store.
What we have is a wolf dressed in sheep clothing. With withdrawal being near impossible, it’s best to avoid the platform. Crosscapitalfx.com is not your preferred cup of tea when it comes to investing.
Before engaging with any investment platform, we recommend conducting some research. Try and find out what others are saying before committing funds to the platform. It will help you gain more insight into what to expect with the platform.
Accounts Cross Capital
Cross Capital doesn’t offer any account information on its homepage. Instead, investors only get account features such as leverage and expected commissions. And this is a massive problem as the platform plans to take advantage.
The platform fails to quote the acceptable minimum deposit with no information on account types. The platform plans to take advantage by asking for large amounts. You will explain that the more you deposit, the higher your chances of winning.
That’s not true, and investors need to know the acceptable minimum deposit. Regulators have come up with set standards when it comes to investing. The acceptable minimum deposit in all jurisdictions is $250.
According to the homepage, there’s a leverage of 1:100 set for all assets. Spreads start from 3 pips with members earning commissions of 3USD/lot. The minimum lot size is 0.01, and the maximum lot is 5/click.
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We can give props to the platform for availing acceptable leverage. However, you should note that in the States, the maximum leverage is 1:50 for retail traders. So what we have is a platform that wants to target European investors.
You get an affiliate program promising a 7 percent commission. Unfortunately, the platform will fail to release the commission or even offer tracking information. As an affiliate, you need to check your conversions to determine profitability.
The platform will take advantage of your connections as an affiliate. You end up taking the blame for directing users to a platform that blocks withdrawals. That’s how you tarnish your online credibility and reputation.
Assets and Trading Instruments
There are five classes of trading assets available on the platform. These include commodities, crypto, forex, indices, and shares. Most commodities include household products such as coffee, gas, gold, sugar, and wheat.
The platform also avails cryptocurrency trading by pairing leading cryptos with major currencies. Some cryptos to find include Bitcoin, Dogecoin, Ethereum, Litecoin, and Ripple.
Forex trading happens to be the core of the platform’s activities. You get to trade major currency pairs such as EUR, GBP, USD, and more. Unfortunately, the platform fails to quote the spreads set expressly for forex assets.
Indices also play an integral part at the international market level. You get to trade with leading indices such as DAX, Dow Jones, FTSE, NASDAQ, Nikkei, S&P 500, and more. It gives you an idea of why markets shape the world.
Lastly, we have shares that play a huge role in trading. You get to own a piece of a company for a limited time. The platform offers shares from leading companies such as Apple, Google, Tesla, and more.
You get a platform that does its best to hide information on the people behind it. And this makes Cross Capital an anonymous investment platform. So you need to have clarity and find out who handles funds in a platform.
Without this information, it’s clear to see your funds are at risk. Unfortunately, there’s no information on staff members working for the platform. And this makes the platform look spooky at best. You must avoid investing with anonymous online platforms.
Hundreds have lost funds with the platform after hitting a snag during the withdrawal process. The platform is to blame as it doesn’t explain why there are delays in withdrawing funds. For example, Moses lost $6,000 trying to withdraw from the platform.
After an affiliate reached out to him, he decided to go all-in as a seasoned trader. Everything checked out, including account features such as leverage and spreads. After trading for a few weeks, his decision to withdraw made all the impact.
Moses is now losing hope as the platform fails to respond to his emails by the day. The platform also fails to take his calls. We have a classic exit scam where the platform will put the nail on the coffin by deleting his account.
Contact and client support
Don’t expect any support once you fund your account with the store. The platform fails to offer any proper communication channels. You will notice the store fails to have a live chat option. Crosscapitalfx.com tries to minimize communication to email only.
We recommend that you first test how well a platform responds to queries. If there are any delays in responding to your requests, ignore the platform. Unfortunately, we have a platform that doesn’t want to interact with its victims.
Cross Capital License and Registration
The platform is not registered and doesn’t comply with any regulations set by the industry. Without a regulatory framework, the platform does as they wish. And this includes blocking withdrawals without giving any answers.
Please stay away from unregulated platforms as it doesn’t end well for investors. Instead, look for platforms regulated by reputable regulators. These include ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, and more.
The above regulators work to ensure all parties adhere to strict regulatory rules. You need to stay away from unregulated platforms or risk losing everything. Hundreds have lost funds after investing with the above platform.
We don’t recommend funding any amount with the platform. The available funding methods include bank and wire transfers. You can also invest via crypto, which the platform prefers. Withdrawing funds from the store will be your biggest challenge.
Verdict Cross Capital
After checking all the facts, it’s clear Cross Capital is a scam. Please stay away from anonymous and unregulated platforms.
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