Cuarto Capital Review: Exposed by CNVM

Today we shall be reviewing Cuarto Capital. Their domain name is Cuaryo. capital and Cuartocapital.world. In case you have come across the broker and are wondering if this is a legitimate venture, stick with us as we analyze the platform. 

Let’s start with a quick overview of the company. This is an offshore broker that has a high potential of being fraudulent. Nexus LLC owns the entity. A corporation that has not been licensed anywhere in the world. Moreover, Nexus has been associated with other fraudsters in the market. 

Cuarto Capital headquarters are in Saint Vincent and the Grenadines. The country is infamous for harboring illegitimate entities. There is no regulatory body in the SVG, and anyone can register a company virtually. This is why scammers prefer setting up their business in this country. 

The broker was founded in 2023. Therefore, the firm lacks a trading history. We do not know how the entity has been performing. However, we doubt there are investment services taking place. The venture would have attempted to feature the past few months' trading results to win investors' trust. 

Take your trading journey seriously and invest with genuine forex trading companies. Reputable schemes in the market offer superior trading software compared to Cuarto Capital. Licensed brokers grant top-notch customer experience. 

Cuarto.Capital Review

Cuarto Capital has several assets available for traders. You can trade cryptocurrencies-BTC, BTC, and ETH; forex, shares, commodities, shares, and indices. Unfortunately,  the platform does not accept US citizens. There is also no demo account which raises more suspicion. 

Brokers feature demo accounts to let customers familiarize themselves with trading. The company markets itself as an international brokerage. They promise competitive trading conditions and a wide range of services. 

Unfortunately, Cuarto Capital is an anonymous scheme. They fail to publish the individuals running their operation. We do not have much faith in the platform. We suspect this scheme will eventually collapse. Traders need to know the qualification of the team behind a broker. 

Refrain from sharing personal data with the company. When opening an account, Fraudsters require your phone number, ID, physical address, and name. Considering these are criminals, they will sell your information to criminals or other third-party websites. Ensure you only open a trading account with legitimate platforms. 

Customer Support and Contact Details

Investors can reach customer support via email. There is no other communication channel available. Cuarto Capital has also not featured its office address. This is a company that wants to remain behind the shadows. 

Legitimate companies have no problem featuring their office address and offering phone support. Brokers that use email tend to ignore the queries of their customers. They will only call you with VoIP phone numbers when they need more cash. 

You deserve world-class customer support services. That is something you won’t get from the offshore scheme. The only interest of the platform is to steal your hard-earned money. 

Cuarto Capital Trading Conditions and Available Software

Cuarto Capital claims to be using top-notch tech to yield high returns. However, this is not the case, and we were disappointed to find a web-based interface. The easy-to-navigate web trader does not allow customers to trade automatically. The trading platform will not meet the standard of many investors, especially those familiar with MT4 or MT5 software. 

The broker’s trading conditions are sickening. The company violates various countries' trading terms. They advertise a leverage of 1:300. This exposes clients to 300 times risks and is a hazardous limit for newbies. Only trade with high leverage if you are a professional trader and are comfortable losing your investment funds. 

Cuarto Capital spreads are also unprofitable. Trading the EURUSD pair grants you 2.6 pips; the GBPUSD pair has 3.2 pips, while the USDJPY pair has 2.4 pips. The average market standard is 1.5 pips. The entity exploits traders since you must pay more to open trade. 

Withdrawal and Deposit Requirements

Cuarto Capital does not disclose the deposit and withdrawal methods available unless you open an account. This is a strange and common characteristic of fraudsters. Usually, scammers accept funds via methods that restrain traders from issuing a chargeback. Cryptocurrency options also conceal the identity of these swindlers. 

On the other hand, legitimate companies feature many transparent deposit and withdrawal methods. You can cash in via credit or debit card, e-wallets, Neteller, Skrill, or Maestro. 

The minimum amount you can deposit at Cuarto Capital is $250. The amount is what most companies require. However, this does not mean no brokers are accepting lower amounts. We have seen genuine firms taking a deposit of $10. 

Unfortunately, we do not know the withdrawal requirement of the broker. This is crucial information that should not be left out. Offshore entities often have ridiculously high trading volume requirements. Failure to meet these terms disqualifies you from withdrawal. These companies also attract high withdrawal fees. They may even require you to pay a 20% fee. 

Regulation Status of Cuarto Capital

The location of Cuarto's Capital is St Vincent and the Grenadines. The country does not have a financial watchdog. This company violates the rules of various regulatory agencies. They accept EU, Australia, Cyprus, Malta, Canada, and Hong Kong citizens. These are countries with strict rules for brokers. 

However, the entity does not respect the law. Without supervision, the company is capable of manipulating the market price. Investors might see huge returns, but this is not the actual case. SVG requires brokers to seek a license from elsewhere. 

Cuarto Capital is under Spain blacklist. CNMV, which is the country's financial body, has warned citizens against trading with the entity. This is enough proof that Cuarto. Capital is a rogue and dangerous broker. 

You are better off without them. There are many benefits of detailing brokers that have a license. You are protected from a negative account balance. Additionally, in insolvency, traders stand a chance to receive compensation. 

Also, regulated brokers are transparent and work with professional account managers, financial analysts, and customer support. To protect your funds and personal data, open an account with a legitimate company. 

Cuarto Capital Customer Review

The statement from Cuarto Capital proves this is an unreliable entity. The broker trust score is also low. Traders have lost funds. You must check the experience of others before opening an account. 

Customers are not protected by any government. The scam will make away with traders' funds without anyone to hold them responsible. The company mainly targets the citizens of Spain, Sweden, Chile, Mexico, and UK. The broker has six trading accounts, but none will generate income for investors.

Unless red is your favorite color, and this hinders you from seeing these red flags run from Cuarto Capital. You won’t make any profits. You will lose everything, even the capital deposited. 

Final Verdict

Cuarto Capital is a new broker in town. They do not have a trading record. Furthermore, the firm has attracted the attention of Spain's regulatory body. The trading conditions of this broker are not ideal. Also, we do not know the withdrawal requirement. We have enough reasons to believe the broker has no intention of approving withdrawal requests. 

Invest with genuine forex trading companies in the market for years. These are transparent and licensed brokers with clear terms and conditions. You can also improve your trading experience with the help of their team.