The heavy regulatory action has finally tightened like a noose around these fraudsters’ neck, prompting them to break up the operation.
While the news that the CTA Capitals website was finally shut down is a relief for many, victims of the scheme are now left with one less way to contact the company. If you’re one of these unlucky people, see the remainder of our CTA Capitals review to learn more on how to recover your money.
| Regulated by: | Unlicensed Offshore Broker |
| Is This Company Safe? | No, never trust unregulated companies! |
| Known Websites: | cta-capitals.com (inactive)cta-capital.com (inactive) |
| Have Warnings from: | FSMA, FI, BCSC, CONSOB, FSC, BaFIN, AFM, CNMV |
| Registered in: | SVG (Alleged) |
| Operating since: | 2021 |
| Trading Platforms: | Web Trader |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Forex, Indices, Shares, Futures, Commodities |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Contact our recovery specialists for help with getting your money back from the scammers! |
What About CTA Capitals Regulation?
Since regulation is a vital part of any broker and represents its ability to be responsible and return the funds in case of issues, we’ve checked about CTA Capitals. It appears to be a brand of Mia Group LLC, a company allegedly established in Saint Vincent and the Grenadines. We found no trace of the company or the broker with the FSA nor any Tier regulators such as FCA, ASIC, and BaFin.
It implies you’re dealing with a fraudulent firm and your funds are at risk.
In addition, we strongly advise you not to invest in SungerFX, Finance and Currency Limited and LiteGap fraudulent brokers.
Blacklisted All Over the World
No matter which strategies they employ, con artists can’t really win in the end. It’s only a matter of time before their predatory action is spotted by one regulatory agency or the other.
The first regulatory body to investigate the Crypto Trading Association was FSMA, which placed the company on a blacklist not soon after.
This was followed by additional warnings by FI, BCSC, CONSOB, FSC, BaFIN, AFM and CNMV.
The truly international scale of the investigation points out how serious the entire con circle was while it was active.
Client Ratings As Warning Signs
Some of the clues that are left of the company after its demise are the numerous ratings on TrustPilot and SiteJabber platforms. The history of these ratings gives a good insight into how a boiler room like this one usually works.
Review seller networks were previously heavily involved in spreading the deception about the company. Many of the clients who placed an honest rating complain about being harassed over the phone, and their withdrawal requests being denied.
CTA Capitals Assets and Markets
Company offers trading on the major markets, including:
- Forex market
- Commodities
- Indices
- Shares
- Futures
As mentioned, it’s really odd not to let your trade crypto when it is your only way to deposit. Allegedly, your funds are automatically converted to crypto, and you see all the prices in Bitcoin value. But it’s all just a story to keep you busy while the broker is stealing your cryptocurrencies and transferring them through several wallets.
About Fund Withdrawal Issues
Since we proved that you’re dealing with a scam, no wonder there are numerous complaints about withdrawals. Clients of CTA Capitals have reported that they cannot get their money back. They are asked to deposit more money for the alleged fees and transactions, but they haven’t seen a penny back even after they do as directed.
If you have experienced withdrawal issues with CTA Capitals, let us know before it’s too late.
Areas Of CTA Capitals Scam
According to CTA Capitals reviews, the broker is mainly present in Belgium, Germany, Canada, and Switzerland. Other warnings tell us it operates in Spain, Italy, and Norway. Note that there are no regulations to provide legal financial services anywhere, and don’t risk becoming the next scam victim.
Traders About CTA Capitals Scam
After checking several websites for reviews, including the most popular one – Trustpilot, we’ve learned that clients are facing many other problems besides withdrawal issues. Account managers are opening trades on behalf of clients, making them lose money on purpose.
Once you stop these trades and submit a withdrawal request, they claim that someone from Blockchain or other companies that serve as wallets will ring you. Don’t fall for such a story. Your money is with CTA Capitals, not any other company!
How Does Online Trading Scam Work?
CTA Capitals runs one sophisticated scheme. They’re making clients deposit via Bitcoin and other crypto since these transactions are virtually untraceable. Once you do so and want a payout, they will redirect you to your wallet, even though your money is long gone and transferred directly to the broker.
Once you understand the game, you will see that you’re left with limited options to get your funds back.
Also remember the names of the Hextra Prime, SmartOptionFX and AFX Capital trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Scammed by CTA Capitals? – Tell Us Your Story
If you were scammed by CTA Capitals, don’t get desperate just yet. Our specialists may help you file a dispute and request a chargeback.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction. Since the process is complicated and your funds have been converted to crypto, we would like a free consultation to check your case. Book everything through online chat, and let’s act.
What Is CTA Capitals?
It is a fraudulent online Forex and CFD brokerage from an offshore country.
Is CTA Capitals A Scam Broker?
Yes, CTA Capitals has been blacklisted in Belgium, Italy, Spain and Norway for conducting scams.
Is CTA Capitals Regulated?
Broker is is not regulated and provides financial services illegally.
