Dont mess with Crosscapitalfx.com if you dont want to lose your money!
Cross Capital is another online broker with a lousy reputation. Let's try to understand why this trader has a tarnished fame by studying the nuances of his work and understand: is it worth transferring your time to him?
The official website and the broker's employees say that the broker offers various programs that are used for Forex trading. In fact, our employees were unable to gain access even in test mode. This is doubtful, and accordingly we advise you to avoid Cross Capital - Forex trader, so as not to get into trouble.
Cross Capital - criminals?
The review should begin with an analysis of information from open sources that are posted on the organization's website. For the convenience of visitors, we will tell it in an understandable form.
The registered office of Cross Capital is Majuro Marshall Islands MH 96960, Trust Company Complex Ajeltake Road Ajeltake Island. In fact, the broker is a subsidiary of the company, which is allegedly registered in the Marshall Islands.
No one can vouch for the accuracy of these data. However, it is very difficult to find a company in this territory. And yet, you can find a company on websites that collect data about offshore companies.
Of course, no data on Cross Capital could be found. There is not even a company with the same name. Because of this, our experts were unable to identify any mention of the head of the office. So we can safely say that Cross Capital is lying to its clients and withholding information. The lack of information about the leadership is a strong confirmation of the shadowy work of Cross Capital.
And if the registration data were present, this would not be enough. The Marshall Islands do not have the necessary permits to control and operate in the Forex financial market.
After all, offshore companies attract breeders precisely by the lack of control. Accordingly, even finding an office in the registers does not give confidence in its reliability. It is impossible to comply with the laws if they actually do not exist.
What software does Cross Capital work with? Metatrader 4, 5
The website of Cross Capital states that they provide the MetaTrader 5 and MetaTrader 4 platforms, which are already known to all traders as efficient tools for trading on the stock exchange. Alas, neither our employees nor ordinary customers could test the software. The thing is that you can get the opportunity to try it only by registering using KYC or AML. Systems are used to counter the legalization of capital. Accordingly, you need to provide Cross Capital with personal information, namely:
- a document confirming the registration of an individual
- a document confirming the presence of a residence permit (payment for utility bills);
- a document confirming the length of service and qualifications.
Since Cross Capital only tries to appear as an official broker, it is not allowed to transfer personal data to it. Such organizations try to swindle regulators and hide information about themselves. If your personal data gets into their paws, then there is a high probability of their resale to third parties. It is also possible that personal information may be used in illegal schemes.
Working with Cross Capital using a trial account. Is it possible?
Sometimes, even the lack of information makes it possible to understand a lot about the organization. For example, Cross Capital for some reason does not give customers the opportunity to try out the software or turn on a demo balance. By law, all registered brokers must provide access to test services so that the client can test his abilities using the game currency and only then register on Crosscapitalfx.com, send funds to the account. If there are no trial versions of the service, this is very suspicious. Our fears about Cross Capital are exceptionally confirmed.
Useful information about Meta Trader
The Meta Trader 5 and Meta Trader 4 software is often found in official brokers that operate in a legal field. This is the best choice for making money on the Forex market.
Leading positions among software for the financial market, Meta Trader provided useful tools for visualization: tables and charts, a large number of indicators, advisers. In addition, you can use more than 10,000 different applications and developments from experienced programmers. But, of course, in order to use the software effectively, you need to spend time and effort on studying.
Cross Capital balance - how to replenish, withdraw?
On the official website of Cross Capital, you can find a large number of ways to replenish your account, just like with decent companies. We failed to test the deposit method due to AML and KYC. However, people invest currency in order to earn income. Therefore, we are interested in the method of withdrawing funds. Unfortunately, Cross Capital will not let you get your funds back.
In addition, skilled scammers manipulate citizens so that they replenish the balance as often as possible.
The principles of cooperation with Cross Capital are described very poorly, but our employees found important information in the FAQ section. Cross Capital allows itself to withdraw funds for more than ninety days of inactivity. The amount of fees is not specified anywhere. With this, Cross Capital will remove illegal fines from users that cannot be challenged.
In addition, the user simply has nowhere to turn for help.
Cross Capital has a negative balance sheet.
Compliance with laws is an important point that we constantly talk about. The existence of regulation and control makes it possible to ensure that the offices will honestly perform their duties and the contributions of their users will not be affected. In addition, all official companies must protect their clients from ruin. To do this, the regulatory authorities of England and the European Union oblige the company to provide protection against a negative balance. This prevents the client from spending more money than they have on their balance sheet. If the balance still falls into the red, then the service provider is obliged to return it to zero.
Cross Capital is an online Forex broker that allows you to trade with a negative balance. As a rule, this is done so that the client spends the maximum amount of money patching up a hole in the balance sheet. Cross Capital is a scam that spends clients' finances and then demands to repay the debt using methods of psycho-emotional violence. In case this happened to your relatives or to you, remember - you cannot give in. No matter how they threaten you, scammers cannot cause real harm. There are no legal methods for scammers to take your money.
Cross Capital are scammers, not a legal high-risk broker. This is evidenced by the lack of registration and official documents. Because of this, the money of Cross Capital users will not be protected.
Can I try working with Cross Capital? In no case!
Is Cross Capital a scammer? Do they have official permits?
Of course no. Before you give your funds to the company, you need to check all the information about it. As a rule, pseudo-exchangers are not controlled by law and have a hidden center that manages. In case of problems, they will not come to the aid of the client.
You cannot send a complaint about the actions of a scammer to one of the controlling organizations:
- FCA - Financial Conduct Authority;
- CySEC - Cyprus Securities and Exchange Commission;
- ASIC - Australian Securities and Investments Commission.
Civilized states will not allow the existence of shadow enterprises such as Cross Capital. Therefore, reasonable citizens need to avoid illegal firms, not to spend foreign currency on them.
When was Cross Capital registered?
The website indicates that the company has been operating for more than ten years. In addition, they provide high quality services, all over the world, and the employees are qualified traders.
In addition, we are shown various specialized awards, tell about offices in Australia, Britain and New Zealand. Users are served by tens of thousands of employees who work in offices or remotely from different parts of the planet. It sounds attractive, but our experts decided to check this data.
The starting stage of the review was the study of the Cross Capital website. To do this, our staff was able to find information about domain name registration. It turned out that less than 30 days had passed since the registration.
Phone number posted on the site. Checking and summarizing.
After examining the details of the number on the website of Cross Capital, we found out that it was used by the scammer Comax Invest. There are also many cases of illegal activities associated with it, as reported by negative reviews on the network. Of course, this information only confirmed our fears. Criminals do not even try to disguise themselves, relying on naive townsfolk.
Cross Capital leverage is another method to steal funds
And although it is clear that Cross Capital is a scammer, let's consider another suspicious nuance. On the company's website, you can find information about the possibility of trading on the stock exchange with a leverage of one to 400 or more. However, from the point of view of legislation, such a ratio is too dangerous. Therefore, it is not allowed in civilized states. Due to the current prohibitions, most legal companies use leverage up to one in thirty or one in 50.
The only exception is Switzerland, whose companies are especially trusted. Accordingly, it is Swiss traders who are chosen by experienced or gambling citizens who are ready to take risks.
Therefore, in order not to let yourself be fooled, you need to know the current leverage limits. When you see that a company registered in Britain is not able to trade on the Forex financial exchange with a leverage of more than 1 to 30. In the event that you are promised more, then most likely they are going to deceive. This scam works like this: the client is forced to take on a significant debt and give money to criminals.
Huge profits with Cross Capital? Not!
Do you really believe that it is possible to profit by becoming a victim of criminals?
However, Cross Capital employees promise huge profits, instant earnings, in the shortest possible time. Such offers are extremely attractive, but with their help, criminals lure gullible customers into their networks and steal their money.
With the help of social networks, scammers create a large number of pages that advertise non-existent services. Numerous Twitter profiles show us "achievements": photos with luxury cars, data on profitable auctions, vacations in popular resorts, expensive acquisitions. They influence the envy of ordinary people who want the same life, they push scammers in the network.
The goal of the scammers is to get your phone number or other contact. Immediately after that, representatives of Cross Capital will start spamming and calling, guaranteeing serious income, tempting to pay them immediately. Arguments for starting work can be different, for example: combinations of celestial bodies and constellations, the Mayan calendar, etc.
Some users may even believe that profits will come in the near future. But Cross Capital is a scam. The scammers will take your money and try to steal more. The divorce will stop only when the victim runs out of funds, or the divorcees themselves decide to finish. Cross Capital will easily announce to you that you need to invest even more in order to withdraw money, and they will stop only when they decide that there is nothing more to steal.
Financial laws are not for scammers!
The fact that Cross Capital has regional offices in Australia and Britain also raises concerns. Exchange traders, in order to work in these states, are required to obtain permits from the relevant structures:
- ASIC (Australia)
- FCA (UK)
These official papers are needed for official work on the Forex exchange. If they are not, the company faces a serious fine, and managers - the need to answer under the law.
In order to make sure if Cross Capital has documents, we will find the data on the official website of Companies House (UK).
After spending some time, we have not been able to identify an online broker in the organization's registries. Accordingly, we can argue that Cross Capital is a scam. At best, they do not hesitate to lie to their users about regional representation and registration.
Don't want to get hurt? Analyze organization data before you start working with Crosscapitalfx.com. Only enterprises with a good reputation and a long period of activity are trustworthy.
We recommend to cooperate exclusively with official organizations. Working with investment protection funds allows legal brokers to promise the safety of stockbrokers' funds.
What is the result?
The documents published on the official website of Crosscapitalfx.com are dubious to say the least. It is difficult to understand that this is a digitized official document or a photoshopped picture. In any case, they cannot be called legal documents. The rights and obligations in the user agreement are not clear. There is no data on the real date of the company's emergence, data on the owners. All this is used to evade responsibility to customers and the law.
Cross Capital is a liar who pretends to be a legal internet broker. This is a scam to lure investments from naive citizens. Such firms do not last long. In the event that} the number of negative reviews becomes too large, they will disappear, but only in order to return later under a new name and continue to rob traders.
Reviews about Cross Capital from victims
Before investing in currency in a dubious enterprise, analyze what people who already have experience with it write.
After reading industry portals, media and social networks, our experts found a small number of reviews. All positive reviews are clearly custom-made, but the negative ones are quite similar to real ones. Because of this, Cross Capital is a shady online broker that scams its clients. If you are planning to invest money, we do not recommend doing this.
Are you planning to become another victim of a bred? Not? In this case, study the enterprises and information about them, consult with knowledgeable stockbrokers, and only then act. There are a lot of scammers in the Forex market, and Cross Capital is one of them.
Cross Capital Swindle Scheme:
- A lot of advertising messages are posted on social networks and websites. This is necessary in order to get the maximum number of hits from people;
- Having got an e-mail address and a phone number, representatives of Cross Capital begin to call and write messages with guarantees of profit in the shortest possible time;
- Fraudsters pull out bank card details, as if wanting to help with a deposit. You are under no obligation to give them this information. You can not send them personal information if you are not going to get into loans;
- Time will pass and scammers will do everything to get you to send more funds. In the event that you close the auction badly, they will advise you to close the losses with new deposits. In the case of a profitable transaction, they will offer to put even more funds on the balance sheet in order to improve the results;
- If the user tries to withdraw funds, Cross Capital employees will try to persuade him to change his mind. At the slightest opportunity, scammers will try to force the user to transfer even more funds.
Is Cross Capital a Forex Broker? Of course not. These are criminals who steal money from deceived people under the guise of an official organization. Confidential information of Cross Capital specialists is carefully hidden so that it is impossible for law enforcement organizations to detect it. This allows you to deceive people without fear.
Results of our employees: Cross Capital is a scam
Summing up, let's try to list all the facts that indicate that Cross Capital are scammers:
- The company is not legalized even in an offshore country.
- At the time of the analysis, the official website of the online broker is not even 30 days old, so all information about non-brokers is fiction.
- The Internet Broker does not own the confirmation of the right to provide trading services.
- Pseudo-broker has no regulator.
- Jur. the address of the scammers is a scam.
- The firm's documentation does not have a legal basis.
- Having offices in the UK, New Zealand and Australia is a scam.
- The phone number of the organization is assigned to stock manipulators and also with a similar online broker.
- Outraged reviews about Cross Capital from used users.
- No option to create a trial account.
- Do not provide options to check services without disclosing personal data.
- There is no negative balance protection.
- Illegal leverage ratio.
- Possible theft and further use of personal information.
- Fake broker rips off money for being inactive after 90 days.
- The ongoing moral pressure from the employees of the fake company.
- Lack of options to withdraw funds when the scammers decide that you are hesitant to deposit more money.
Cross Capital is a scam. Our employees are 100 percent convinced of this. Rating from one to ten - 0!