Capital Hall Review Scam Complaint
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Capital Hall is an offshore unregulated broker. The brokerage company is operating from somewhere out of Bulgaria, whereas it is registered on the Marshall Islands. The address of Marshall Islands mentioned by the broker on its website of where it is registered is the address where most of the shady brokers are registered. Capital Hall is none other than another scam brand of the scam company Capital Tech Ltd. Here is the full review regarding the broker Capital Hall to understand things more clearly.
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About the Capital Hall:
Capital Hall is a fore and CFD broker, it offers its clients 4 types of trading accounts. All of these accounts are commission free and provide variable spreads and leverage of up to 1:300. Capital Hall supports Meta Trader 4 trading platform which is an easy to use and most preferred trading platform among traders. MT4 is a top-notch platform with advanced features and expert advising. The broker offers trading in more than 40 pairs of currencies, CFDs on indices, stocks, precious material, commodities and major cryptocurrencies. The broker indeed has solid product portfolio but that just if for luring major number of traders. The broker provides every mode of payment to its clients from bank wire transfer to e-wallets.
Capital Hall has some clauses regarding the withdrawal of money from the accounts; it is mentioned in its terms and conditions. First clause includes minimum trade volume requirement by the broker in the amount of 1 standard lot for every 4 dollars received as a bonus. The second clause mentions, Capital Hall will charge withdraw fee, if you request more than one withdrawal per month, as well as an administrative fee. The latter is charges if the broker decides you are not trading enough. Capital Hall provides spreads higher than the industry’s average at 2.8 pips.
Is Capital Hall legit or scam?
Capital Hall is an unregulated broker whose owner company has been blacklisted by several financial regulators. The Austrian Financial Market Authority (FMA) has warned the traders against the unregulated Capital Tech Ltd operating through www.pbntrade.com and www.pbninvest.com web address. One more financial regulator, Malta Financial Services Authority has also blacklisted this company and offering of its services. Importantly, Financial Watchdog of Italy, CONSOB has even ordered Capital Tech Ltd. to cease providing investment services and activities to the Italian public without authorization to do so. Therefore, the broker is a complete scam.