Ex-Cap Review: Is Ex-Cap.com a Legit Broker?

Ex-Cap is a cryptocurrency venture promising investors ridiculous returns. They urge novice investors to join them and start trading on low spreads. Their main selling point is the availability of hundreds of digital currencies. You only need to sign up today to enjoy these and many other benefits. 

But, before depositing your hard-earned money in this system, there are some questions you need to ask yourself. First, is the broker regulated? Does the company have a trading history? Who is behind this entity? Are your funds and data privacy safe? Once you determine this, you will be making an informed decision. 

Ex-Cap.com Review

Ex-Cap offers trading opportunities in forex, indices, cryptos, shares, and commodities. These are profitable assets, especially if you have trading knowledge. However, you should note that they are also volatile products. The price keeps changing. You won’t have the same outcome all the time. 

Offshore and scam ventures target novice traders. They promise you don’t need to have trading knowledge. Sadly, the information is misleading. Trading requires experience and patience. You cannot become rich overnight. Understand the basics before joining any broker. 

Despite the market having multiple scammers, there are genuine cryptocurrency trading companies. These are platforms with a solid history. Their customers endorse their services. You can also earn passive income without compromising safety. Join them today and enjoy favorable trading conditions. 

Ex-Cap Trading Conditions and Available Platform

Ex-Cap has two trading accounts; the Basic and the classic package. The first plan offers 1.5 pips for USDT, and the minimum trade size you can execute is 0.01. There is also a commission. The second plan has a spread of 1 without commission and access to premium support. 

They advertise a leverage of 1:200 on Forex products. These might seem like lucrative opportunities. However, most financial bodies approve leverage of 1:30 to protect traders from severe losses. The higher the leverage, the greater the risk.

Investors trading forex adore the MT4 and MT5 trading interfaces. The software has advanced features. You can utilize EAs, custom calendars, indicators, access to multiple markets, charting tools, and VPS. 

Unfortunately, Ex-Cap fails to mention the available trading platform. However, we suspect they use the basic web trader with limited features. We do not have much faith in the website. They feature generic information which sheds no light on their trading activities. 

Withdrawal and Deposits

Ex-Cap accepts a minimum deposit of 100 USDT. The entity is accepting funds via cryptocurrencies. This shows their determination to remain anonymous. There is nothing wrong with digital currency payment methods. 

However, scammers misuse the feature of anonymity. You cannot know the wallet owner who receive the deposited funds. Also, it is impossible to issue chargebacks with crypto payments. Unfortunately, we also don’t know the minimum amount you can withdraw from the system and whether there are applicable charges. 

To become a client, you need to complete the registration process. Then fund the account and start trading. The platform is offering investors bonuses. However, their terms and conditions policy does not mention the conditions you must fulfill to withdraw the bonus. 

Financial watchdogs in the market prohibit the use of bonuses. The money legally belongs to the entity. They can therefore inflict hidden charges or alter their policy to suit their needs. 

In the past, we have seen scammers withholding traders’ funds. They only allow customers to cash out their initial capital until they meet the absurd trading volume. In most cases, this is impossible, and clients forsake their cash. 

Contact Details and Customer Support

 Ex-Cap brags it offers premium support. They have a multilingual team that works around the clock. The broker has two phone numbers with Switzerland codes. Sadly, there is no office address on the website. The entity is collecting funds from the public. The least it can do is operate in full transparency. 

You cannot trust a remote venture with your funds. They expect you to share personal data, yet they cannot disclose their area of operation. The scheme is hiding something. We are certain they will ignore customers once they get what they want.

Offshore companies use VoIP phone numbers. They cold call their customers, promising great rewards. Other times they will use adverts to target traders. Their sales reps call endlessly once you click their bait and share contact details. 

They promise great returns within a short period. Those desperately looking for such opportunities end up believing the broker’s narrative. After the sales rep assessment, they may allow you to withdraw first. 

They will urge you to deposit more cash to earn even greater returns. Once you do so, they blame a system error or devise an excuse to rip you off your cash. They will require more cash to recover what they claim to be lost. Once you suspect things are wrong, the company cuts all communication.

Attempts to reach their support will bear no fruits. We suppose this is the same fate that awaits you at Ex-cap. To enjoy great customer support service, trade with legitimate crypto companies. 

Does Ex-Cap have a License?

The broker claims it has a license from FSA. Sadly, this is another vague statement. Ex-Cap is targeting Swiss and United Kingdom citizens. Therefore, it should have a license from the Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA).

Unfortunately, we did not find the company’s name after checking on the financial bodies’ websites. It proves the broker is an illegitimate venture. The Swiss agency has a capital requirement of 20,000,000 Swiss Francs, while the UK requires £730,000. 

The amount proves an entity can successfully run its business without misappropriate use of funds. Also, in bankruptcy, traders stand a chance to receive compensation. Legitimate platforms report their daily transaction report to the financial watchdog. Therefore, there can be no manipulation of the market price. 

Unfortunately, offshore schemes like Ex-Cap are not supervised. They can do whatever they please without facing the consequences. The brokers can also exit the market unceremoniously. 

These shady firms don’t offer negative balance protection. Hence, you can lose more money than what you initially deposited. It is best to stick to regulated investment companies. 

Ex-Cap Funds Safety and Data Privacy

What determines fund safety with a broker? A genuine company will work with a top-tier 1 bank to safeguard investors’ funds. This also facilitates a fast withdrawal process. Unfortunately, Ex-Cap does not mention the financial institution it works with to keep cash safe.

Instead, the entity claims it uses cold storage. The company is still new in the market. Therefore, there is no past trading history. You need to choose a reliable entity with audited trading results. Alternatively, you can read customers’ feedback to make an informed decision. 

Ex-Cap has no license, and the company’s contact details are unverified. It is unwise to share contact details with such a broker. These types of businesses require your name, proof of address, ID, email address, and phone number. 

Most of these firms are scammers, so your data is at high risk of being sold to criminals. The scheme can use the information for manipulation. You can only enjoy fund safety and data privacy privileges with a licensed company. Refrain from doing business with offshore entities. 

Final Verdict

Ex-Cap has no demo account. The company fails to mention the available trading platform. These are crucial details that should not be missing. The offshore platforms leave out the withdrawal requirements. 

There are many red flags, and the positive reviews online are suspicious since anonymous individuals leave them. There is a high possibility their marketers left the testimonials behind. Invest with legitimate cryptocurrency trading companies to enjoy real-time returns. 

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