Capital Group80 Review – Finding out the Truth

Capital Group80 Review

Have you gotten scammed by a broker? You are certainly not alone, as there are thousands of people who have found themselves in the same boat, all because they didn’t investigate much and signed up with the first option they found appealing. But, you have to remember that this is the internet and not everything is what it appears to be. It is your job to find the truth, no matter what the company claims, or what others say. How can you do that? One way to go about it is checking this Capital Group80 review.

The goal is to know the ins and outs of a broker before you open an account with them and not taking their word for it. Checking reviews is one of the best ways to accomplish this because you can get an objective insight into the company’s offerings and determine if they are really what they claim to be. These scams deliberately present an attractive front to confuse people and you don’t want to happen to you. Same is the case with Capital Group80, which is one of the names you will come across when you start searching for a broker.

The broker’s website appears to be a desperate attempt to be European. In fact, Capital Group80 has gone as far as adding the standard risk warning that you usually find with authentic and legitimate brokers. Moreover, they are also touting cryptocurrencies like Bitcoin on their homepage, which is bound to catch the eye of people, as these digital currencies have become a hot topic nowadays. Unfortunately, this is nothing but a façade and one that starts falling apart when you go digging. How can you find out the truth about Capital Group80? You can check the details below:

False Regulation Claims

The first and most important fact that you need to know about whatever broker you are considering is their licensing and regulation. Any platform that has a proper license and is regulated is considered authentic because it has to meet certain standards and comply with several laws and policies in order to attain this status. Thus, it is natural that you would want to check the same about Capital Group80 to figure out what to make of this brokerage.

A look at their website discloses that Capital Group80 claims to be owned and operated by a company named Capital Group80 LTD, which has its offices located in Madrid and Cyprus. Furthermore, it boasts of being regulated by economic and commercial bodies of the European Union. This may sound impressive, but they fail to provide names of the regulatory bodies in question, so you cannot follow up and verify their claims.

In order to be regulated in Cyprus, Capital Group80 would need a license from the Cyprus Securities and Exchange Commission (CySEC) and for Spain, it would need a license from The National Securities Markets Commission (CNMV), which are the regulatory authorities for their respective regions. However, the broker does not have a license from either, which means its claims of regulation are false. As a matter of fact, some of the offerings you will find at Capital Group80 are in contradiction with the policies outlined for European brokers.

If these problems were not enough, you will find that Capital Group80 has also been blacklisted by the CNMV in Spain. The regulatory authority has taken note of the broker’s claims of false regulation and has issued a warning to people for raising awareness. It appears that the company is attempting to provide its services illegally and Spain and no regulator would tolerate such an act.

No trading software

One of the most vital features of any broker is their trading software because this is crucial for executing your trades in the financial markets. It also provides you the tools you need for making good decisions. Of course, no two trading platforms are the same and the software you are given is at the discretion of the broker. Therefore, you need to know what trading software Capital Group80 has to offer and you are in for disappointment.

This is because the Capital Group80 website does not appear to have a functional trading platform at all. You will not find any software available, before or after registering on their website, which clearly shows that all they want you to do is make a deposit. A reputable broker, on the other hand, will provide you with one of the leading trading software in the market, such as the MT4, the MT5, or even the cTrader. Yet, there is no such option available at Capital Group80 and this should alert you right away regarding the intentions of the broker.

Crypto payments supported

You will come across some incidents where people signed up with scam brokers, but where able to get their funds back. How did they manage to accomplish this goal? They were able to do so because they opted to make their deposits using credit cards, like VISA and MasterCard. The good thing about this method is that it gives you the opportunity to file for a chargeback. You have 540 days from the date of the transaction to file for it and your money will be returned to you.

Hence, it is considered the safest method of payment when you are signing up with a new broker. The problem is Capital Group80 does not support this option at all. When you have to make a payment on their platform, you can only do it in the form of bitcoins. Cryptocurrencies may be a new mode of payment, but it is certainly not reliable. It grants anonymity to the sender as well as the recipient and this method is also final. This means you are not getting your money back once your transaction has been processed.

Final Thoughts

These issues that you discover in Capital Group80 after a closer look reveal the cold, hard truth that this is just another scam brokerage operating in the market and does not deserve your trust.