Is Capital De Binary a scam broker?
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Capital De Binary is a binary options broker and was founded in 2017. It is owned by Capital Tech Services. It has an office in London UK. It is an online binary options broker. It is also offering forex trading services via web trading platform.
There are five accounts types, Starter (minimum deposit $ 250), Trader ($ 2500), Pro ($ 5000), VIP ($10000), and Executive ($ 25000). As features increase the account becomes costly. It also has an exclusive account which is offered only to those members who have been loyal and is by invitation only. There is no demo account where new traders can “practice trades” before they jump in for the real one.
Capital de Binary has a proprietary trading platform called YourDomain. It is completely web-based and does not require any downloads. It does incorporate user-friendly interface.
There are more than 90 assets to trade from amongst currencies, commodities, stocks, and indices. Option types to choose from are pairs, put/call, long-term, 60 seconds, ladder, one touch, limits and FX/CFD.
Support and communication are not too good. They have only email and phone number as one of the primary ways of communication. The contact us form which has to be filled and submitted there is no proper response. It is very disappointing not to see live chat as it is one of the fastest ways to communicate during trading and is important because most of the trading is fast paced and things can be made or broken because of communication.
Capital de binary is a scam broker because of the low liquidity depth. If the sources are to be believed Capital De Binary has gone bankrupt. In their initial months of operations, they were regularly paying out the dues to their traders. Now they are facing payment problems. Or maybe just to build up name they started paying initially and now have started scamming traders as the regulatory bodies have come up with stricter rules and they wanted to exit before being caught up.
Even their website is not functioning properly, and most of the phones are also going unanswered.
One of the authors at .fxtradingrevolution.com wrote that Capital De Binary is a scam broker and he was scammed of $5000. The company person told him a lot of lies like money can be withdrawn anytime when one feels like etc. When the author wished to withdraw he faced a lot of excuses and his money is gone he thinks. He has reported to Action Fraud Police UK, FCA, and Maltese Cyber Crime Unit.
On the same site, another victim wrote how he kept asking for his deposit money. The company stopped picking up his phone. Finally, he was able to recover his money with the help of professional lawyers in this field. He has learned a lesson and wishes to share his experience that money can be recovered even if the site is down.Capital de binary is a scam broker and surely there may be many victims. You can contact MyChargeBack to recover your funds. MyChargeBack guides you step by step and prepares a solid defense by drafting a strong letter. Many traders were able to recover their funds from online frauds even when the website was shut down or became in operational.