Shua Capital is a clone of an authorized firm and is taking advantage of naïve investors. The platform is, without a doubt, a sleazy platform that has no place in the financial world. For those who have signed up with Shua-capital.com, we can only feel sorry for them. Complaints have reached our help desk, and we decided to investigate. But, unfortunately, what looks like a sound financial platform is a fluke. Learn more in our clear SHUA CAPITAL REVIEW.
On the about us page, Shua Capital is claiming to launch a few years back. The platform is using the credible SHUAA trading name to fool investors. The only difference is the last ‘A’ on the name. Not a lot of investors will spot that.
And this is what the platform wants to take advantage of. Naïve investors who won’t bother checking the details. Sadly for the platform, we are here to expose it and protect our readers. Clone platforms must be exposed to keep the industry safe.
Shua-capital.com doesn’t give us an exact story of their timeline. We don’t know their mission and objective. The web design is poor at best with the black and white theme. A professional trading platform will avoid the two colors.
When you decide to invest, the best investment opportunities are those proven by experts. Therefore, you need to start using groundbreaking investment solutions. These include Coin staking, DeFi, and Masternoding.
ShuaCapital claims to help investors get connected in the financial world. However, from what we have seen, the platform is full of red flags. And this is what you need to watch out for before committing funds to any platform.
Your first step towards financial freedom is doing due diligence. It would be best if you did some thorough research on the platform in question. Get to know what others are saying about the platform before signing up.
Shua Capital is furnishing members with three trading accounts. These accounts include Mini, Classic, and Premium. All of these accounts come with distinctive features. It would be best to go for an account that will give you the greatest advantage at an affordable price.
Let’s take a closer look at the three accounts;
Mini
The account is best for beginners and comes with a minimum investment amount of $500. However, it’s double the required amount which means the platform is taking full advantage of investors. In addition, you get a few features available on the plan.
Classic
According to shua-capital, the account is best for skilled traders. You have to deposit $5,000 to get started. In addition, members get online phone support and real-time trading signals. These are the only different features from the mini account.
Premium
As the name suggests, the account is the most exclusive and best for advanced traders. The acceptable minimum deposit is $20,000. In addition, members get an account executive team to help with trading.
The platform fails to mention anything related to available leverage and spreads. And this is some of the vital information missing from the website. After depositing funds, that’s when members get to know the full trading conditions.
The industry has set 1:100 as the acceptable maximum leverage. In the States, retail traders have leverage of 1:50. Any platform offering higher leverage is putting your funds at risk. With your losses, the platform makes more.
Registering with the platform is straightforward, and the process takes less than five minutes to complete. First, you will need to fill in your full names and address. The platform will dictate terms thereafter and demand verification later on.
When you want to withdraw funds, that’s when the account verification process starts. You will need to send valuable documents as proof of identity. These include a copy of your ID, Bank statements, and credit card information.
We don’t see the reason why such a platform wouldn’t go for normal verification methods. You would expect the platform to have email or SMS verification codes. Security experts believe the platform could be harvesting banking information from clients.
Seldon Investments Limited is the entity listed as the owner of the platform. As we mentioned earlier, the platform is a clone. Despite using the name of an authorized firm, there are a few key details to point out.
We notice there are no names mentioned on the entire platform. And this means ShuaCapital is an anonymous trading platform. You don’t get to see the names of staff members who handle your funds.
You must join a transparent trading platform. Transparency is at the core of all investments. You need to know the person who is held responsible for funds in case things go south.
Another critical feature to look for in an investment platform is its support structure. A platform that offers direct communication lines is better than one that doesn’t. Make sure to use platforms that have a live chat or avail a working phone number.
In the case of ShuaCapital, the contact page has a virtual phone number. The number has the UK phone code, and yet, the platform claims to reside in Jordan. There’s no telling what to expect with such platforms.
Funding accounts takes less than five minutes to complete. The platform avails several depository channels. You can deposit via bank and wire transfer and start trading once the funds reflect in your account.
Hopefully, you will make positive trades and would want to enjoy the fruits of your labor. And that’s when the platform shows its true colors. You won’t get to withdraw funds as the platform blocks all attempts.
There’s no reason from the team behind it why this is happening. Most members get stuck at this juncture. And this is why we are flagging the platform as a huge financial burden to investors. Please stay away from it.
The premium account comes with an executive team that’s supposed to manage your account. These are call agents who will call you at odd hours asking for more deposits. Instead of managing your account, they will solicit funds from you.
ShuaCapital is not regulated and is using the registration details of an authorized firm. The platform fails to provide copies of their license certificates. A clone website will put your funds at risk and even impose harsh trading conditions.
When you decide to invest, go for platforms that reputable institutions regulate. These include ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, FCA, NFA, and the SEC. Regulators ensure all parties adhere to trading regulations.
One of the few positive features of the platform is the availability of a world-class trading platform. With the MT4 trading platform, you get a barrage of trading tools. These include over 50 indicators and technical analysis tools.
The platform also has a custom-built web trader that’s too unstable. Members have been complaining of slow execution. We recommend using MT4, MT5, and SIRIX as these are secure platforms.
Your funds are far from safe with a platform that fails to offer investors a credible trading solution. The platform doesn’t insure deposits made by investors. We also suspect the platform is pooling funds in one account.
Segregation of accounts is not possible, which puts funds at risk.
We won’t recommend a clone platform using the credentials of an authorized firm. You should avoid such platforms and only use expert-backed trading platforms.
Go for platforms that enjoy the backing of the investment and trading community. These platforms guarantee safety and offer a chance to make realistic profit margins.
If you have any questions, leave a comment or write to us.
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