Our Dot Fit Capitals Review exposes dotfincapitals.com as a scam. Those who have invested with the Dot Fin Capital Limited broker are ruing the decision. The broker is an utter scam as they block instant withdrawals.
Your initial deposit is not for grabs, as the broker will use every trick to fool investors. But, unfortunately, the broker uses them all, from sending excuses to asking for more funds to allow withdrawals. And that’s why we MUST expose DOTFINCAPITALS.
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There’s an array of grandeur when you land on their homepage. It feels professional, thanks to the sleek website design. And that’s not all; you also feel like being in a different room altogether.
The broker welcomes you with success as they claim to help members gain success. Everything HOT and POWERFUL is what’s quoted on the platform. And that brings us to the matter at hand, why DOT FIN CAPITALS IS A SCAM!
Navigating through the website quickly as the broker lays down all relevant information. Unfortunately, not all of it, as the broker fails to set some basic rules. We also don’t see the specified conditions for investing and trading with the broker.
No one knows the set leverage or spreads available on this trading platform. Not until you sign up do you realize how unfair these conditions are. The approach used by this liquidity provider is one meant to derail your trading.
One of the few enticing features of this broker is availing of a world-class trading platform. The MT5 trading terminal is one of the best in the world. Alongside MT4, these two are what experts prefer to others.
And with great reasons, you get a highly stable platform that’s secure. You can use the platform on the go, and it’s easily compatible with all devices. The MT5 trading platform also comes with a large cache of advanced tools.
You get robots that assist even the most novice traders in getting ahead in the trading world. So there must be a reason why this broker decided to use this platform. And that’s to sell the professional aspect of it all.
With MT5, you get advanced trading tools and charting analysis. Ease of use is another great advantage of using this platform. The broker tries to use every trick in the book to lure investors to sign up. However, there will be withdrawal issues down the line.
Surprisingly, the broker fails to mention any available trading accounts. Instead, all members are using a single account for all investment purposes. And there’s nothing wrong with a broker offering one account for all.
The main problem is the broker fails to list any features of these accounts. We don’t know what the broker sets as leverage or spreads available. Does the leverage change with the number of trading sessions?
There’s also the issue of an acceptable minimum deposit. But, again, the broker fails to list the acceptable minimum deposit on these accounts. And that opens the door for the broker to try and haggle deposits.
You start getting bombarded with calls suggesting you must deposit a more significant amount to see a substantial margin. These are some of the issues we have to set straight regarding trading. The acceptable minimum deposit is still $250.
These are not actual professional account managers. Instead, the broker hires call agents who act as account managers. You get calls from these agents who earn commissions from the deposits you send.
The agents will claim to have a lucrative open position available for a few investors. And to make you feel special, the agent claims it’s a limited position. And only you have been selected to take part.
That’s the lie to guarantee the member will move heaven and hell to deposit the funds. Then, after investing, the calls suddenly go dark. You won’t ever get to hear from this agent again. Attempts to reach them will hit a dead wall.
And the support won’t help on the matter either. The broker quickly suggests the initial agent is on leave or attending to other issues. Another call agent gets replaced and promises to handle the matter. It doesn’t happen.
No, your funds are far from safe with a broker who fails to offer adequate security. The website lacks DDoS protection and SSL encryption. As a result, third-party hacks can occur, especially during deposit transactions.
The broker also fails to deposit the minimum required amount with regulators to start a brokerage. These funds are what regulators use to offer insurance cover for deposits made. The broker is in breach of set industry regulations.
The broker stores funds in a single bank account without these funds protecting you. Segregation of accounts and funds is out of the question. The owner can decide to transfer funds and use them for personal use.
Once the broker goes under, members won’t get any compensation from the broker. That’s why we have to ensure that such brokers get exposed. You need to sign up with trading platforms that guarantee the safety of funds.
You get to choose five classes of trading instruments with the broker. These include commodities, crypto, forex, indices, and stocks. The available commodities include crude oil, natural gas, and sugar.
Crypto assets listed include leading crypto coins such as Bitcoin and Ethereum. The broker pairs these assets against each other and some against major currencies. Crypto trading is one of the best investments for day traders due to its volatility.
Forex trading is the core of the broker’s activities. There are countless forex trading pairs, major and minor pairs. Sadly, the broker fails to list exotic pairs. The spreads of these assets are also a problem, and no one knows if they are fixed or variable.
Indices available include those from the United States and Europe. Stock trading also happens to play an integral part on the platform. You get to trade commodities from leading companies from all sectors.
Don’t expect any support from staff members or the broker. There’s no live chat where members can talk to an agent or representative. All communication gets bottled up to email, and written support is not always convenient.
The broker decides when to respond and even when not to. Despite claiming to reside in London, there’s no such address found. Dot Fin Capitals is an offshore-based broker trying to take advantage of investors.
Dot Fin Capitals fails to get any permit to operate as a liquidity provider. These are some of the issues you will face as a trader. And that means depositing funds with an unregulated and, worse still, anonymous broker.
After checking the broker, we can’t recommend signing up.
PS: Invest in credible investments that guarantee safety.
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