CapitalVault is apparently a London based cryptocurrency exchange. They claim to have a cutting edge trading platform that supposedly enhances the trading experience. All of their claims are grandiose and the complete information behind any of their offerings are scarce.
Founders and management are hiding from the public and their regulatory status reveals a whole another chapter. Go over the paragraphs below to know more about other aspects of this portal. Hint – As you go more in-depth, the scarier it gets.
CapitalVault Overview
CapitalVault is a trading portal that is not regulated by the FCA. Clearly, they are operating outside the boundaries of law and as such, there is no such thing as security of funds.
Derivatives contracts carry immense risk and for any portal that offers them to the retail investors, compliance must be in place. Looking at the way this platform was operating, it is clear that they were interested in only one thing and that is, defrauding the investors in the name of cryptocurrencies.
Is it Safe to Invest?
No, as a general rule of thumb, you should never invest with unregulated firms. Unregulated firms typically have no third party audits and insurance of funds. In case they decide to wind up their operations or shut down, investors will be left hanging.
While it may be possible to recover funds from entities like this, it is nonetheless a daunting time consuming task. So, avoid the hassle and stick with regulated options always.
CapitalVault Scam or Legitimate?
CapitalVault is a scam and there is no denying that. From their vague terms to lack of necessary licensing. Every aspect of their being screams fraud.
If you or anyone you know has lost money to them, we encourage you to book a free consultation with us to explore the options available. Lastly, do not forget to document everything, the more evidence you collect, the better the odds of success you gain.
Takeaway
Unregulated platforms always go the extra mile to lure in investors. Regardless of how competitive their rates are, never be fooled by it. Regulated brokers or platforms might charge a bit more premium.
However, when it comes to safeguarding the interest of the client, they have you back. So, analyse the platform you are considering thoroughly and never hesitate to get advice from licensed professionals.
