Table of Content
CresCapital Review: Find Out More About CresCapital
Table of Content
Pay attention, dear traders. This is not the way a legitimate broker conducts in the financial market. We think it’s high time we taught this fraudster a lesson. So, that’s why the CresCapital Review is here – to show you why you will surely lose all the money you invest.
In this review, we will cover the key aspects of this shady offshore provider’s offer such as the trading platform, leverage, spreads, and payment methods.
Regulation of CresCapital and Funds Security
First things first, let’s take a look at the legal background of this suspicious broker. CresCapital claims to be operating within Ethereal Group LLC. This entity is registered in Saint Vincent and the Grenadines (SVG).
SVG is infamous for being home to many scammers due to permissive laws and a lack of regulations. The local financial market regulator, i. e. the Financial Services Authority (FSA) expressly stated on its website that it does not issue licenses for Forex trading.
While Ethereal Group LLC may be registered with the FSA, it is absolutely meaningless in this case. In other words, nobody guarantees the safety of your funds. Plus, the trading conditions might be way out of order since there’s no authority to regulate them.
We also checked the databases of renowned FX regulators such as the FCA, CySEC and ASIC, and found nothing on CresCapital. Therefore, it’s safe to say that we’re dealing with a dangerous offshore provider that is only interested in stealing your money.
Trading Software Overview
According to the financial swindler’s website, clients are offered an outstanding platform, accessible from any device with lightning-fast execution, cutting-edge tools, and multiple chart setups.
We admit, when presented in such an appealing way, it really does make you want to use it. But, keep in mind that you’ll probably be treated with a simple web-based platform that does not correspond to the aforementioned description. There’s no chance that it includes those features.
Plus, web platforms are scammers’ favorite tools for manipulation. They set it up so that you see numbers on the screen that you mistake for actual trading and profiting. In reality, it’s fake and the only real option is investing, straight into the pocket of the con artist.
If you truly want an advanced platform, then look for Meta Trader 4 or 5. These two programs will make trading enjoyable like no other, we promise. Also, do not forget to check whether your broker is licensed!
Account Types Offered Available
CresCapital says it offers the following four account types with features:
- Elementary – $250, 50+ tools, negative balance protection;
- Intermediate – $1,000, 150+ tools, account manager;
- Advanced – $10,000, 250+ tools, robot;
- Premium – $25,000, 300+ tools, personalized service.
We highly doubt that clients receive any of these perks. It’s just not plausible given the broker’s unregulated status. Also, there’s no demo account available. For $250, you can find far better options to invest with.
What Can Be Traded on CresCapital Market?
Allegedly, clients are offered to trade the following assets:
- Indices – S&P 500, Germany 40, FTSE 100…
- Forex – EUR/USD, USD/JPY, GBP/EUR…
- Energies – crude oil, brent oil, natural gas…
- Stocks – Apple, Facebook, Amazon…
Not bad, CresCapital. But, all your instruments are up in the air because of your shady background and anonymous website. Also, there’s no info on leverage, a key aspect of trading. We managed to find that spreads start as low as 0.5 pips, which is great but irrelevant at this point.
Deposit and Withdrawal Process
From what we gathered, the available payment methods include credit/debit cards and wire transfers. Nothing out of the usual here. We were actually surprised that the scammer didn’t include crypto payments. After all, they do love those. The minimum deposit is $250.
CresCapital claims it does not charge any fees. And last but not least, we have bonuses. Do you want to know why regulators banned bonuses?
Well, it was because they come with clauses like this one – “bonuses issued to the client by the company may only be withdrawn subject to execution of a minimum trading volume of 25 times the deposit amount plus the bonus issued.”
If you read it once more, you’ll notice that this is the perfect way to prevent a client from withdrawing funds and then telling him/her that they had agreed to it. Therefore, when you see that a broker offers bonuses, turn and walk away.
How Do I Get a Refund If CresCapital Swindled Me?
Since CresCapital accepts card and wire transfers, there are two possible ways you could get your money back. First, you have a chargeback. This is a process of reversing credit/debit card transactions, performed by the issuing bank within 540 days.
Reversing wire transfers is known as a recall. However, it will only work if the transaction has not yet been completed. Thus, it’s important that you act as quickly as possible.
- CresCapital is an offshore provider owned by Ethereal Group LLC from SVG;
- The broker is shady and unregulated;
- The minimum deposit it requires is $250;
- It offers a simple and ineffective web-based platform;
- Acceptable payment methods include credit/debit cards and wire transfers.
FAQs About CresCapital Broker
Is CresCapital A Good Broker?
CresCapital is not a good broker because it is shady, anonymous and unregulated.
What Are The Funding Methods For CresCapital?
The funding methods that CresCapital accepts are credit/debit cards and wire transfers.
Does CresCapital Offer a Demo Account?
CresCapital does not offer a demo account anywhere on its official website.