ImportCapital Review – This Broker Is Absolutely a Scam

Overview of scam broker ImportCapital

ImportCapital Review, what do we know about offshore providers? They are much shadier than your typical broker as well as unlicensed in most cases. In the ImportCapital Review, you’ll see why this fraudulent broker is no different. This investigation has taken us to the beautiful and exotic island of Dominica in the Caribbean Sea.

Read all about the financial swindler’s legal background, trading platform, conditions, and payment methods. After you’re done, we are certain you will kindly ditch this preposterous scammer once and for all. 

Leverage Up to 1:200
Regulation Unregulated Broker
Headquarters 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica
Minimum Deposit $250
Review Rating 1/5
Broker Type Forex, Indices, Stocks, Commodities
Platforms MT4 & Mobile
Spread N/A


FSMA warning on ImportCapital

FCA warning on ImportCapital

Are Your Investments Safe With ImportCapital?

ImportCapital claims it is a service provider that operates within Incendiary Group Ltd, based in the Commonwealth of Dominica. Thus, we are dealing with an offshore entity here, folks. That made us raise our eyebrows but we decided to give the suspicious broker a chance.

What about this shady Incendiary Group Ltd that allegedly dictates what ImportCapital does? It’s well known that entities choose Caribbean islands due to favorable tax systems and permissible laws. Hence, there are a lot of scams that originated in locations such as Dominica and SVG.

Let’s see whether the Commonwealth of Dominica’s financial regulator has any files on this group. Oh, there’s nothing there. Even if there were, it would not mean much to us because this regulator is not really an appropriate benchmark authority.

The authorities we consider trustworthy and credible are the German BaFin, Spanish CNMV, Romanian ASF and Belgium FSMA, all of which have issued a warning against Incendiary Group Ltd. Therefore, trading with this group is extremely dangerous and we highly advise you to avoid it.

Trading Platform Overview

ImportCapital Trading Overview

Now that we’ve gotten that out of the way, it’s time to take a look at the trading platform that our fraudster offers. At first, we were like “Oh, Meta Trader 4, the best trading software, impressive!” But then, we were utterly disappointed to find out there was no MT4 anywhere. 

There’s only a simple web-based platform, i. e. WebTrader. How are we supposed to trust ImportCapital after that lie? When you add to that the fact that the broker is unlicensed, we are certain that this browser platform is rigged! 

Scammers do this all the time. They take the platform and set it up to make some numbers pop up, to convince you that you’re trading. Meanwhile, you’re depositing funds straight into the illicit provider’s pocket. If you’re a beginner, it’s hard to see notice this trap. 

The same applies to the mobile version of the platform. Moreover, you are required to register, i. e. give your personal info to the scammer before downloading the platform. A cunning trick by ImportCapital.

What Account Types Does ImportCapital Offer?

There’s a total of five different account types available:

  • Mini – $250, leverage 1:50, 
  • Standard – $500, 1:100;
  • Classic – $1,000, 1:100;
  • VIP – $10,000, 1:100;
  • Pro – $25,000, 1:200.

For $250, you can find much better brokers, licensed ones at that. ImportCapital also restricts the available trading assets for some of these types, which we deem highly unprofessional. Also, spreads were not disclosed and that is a very important trading parameter.

As for leverage, only the first account type got it right and by that, we mean within the legal limit that regulators have set 1:50 (US, Canada). However, we found out that ImportCapital does not accept US clients. Regardless, 1:100 and higher is simply too risky, especially for beginners.

Trading Instruments Offered

ImportCapital Trading Instrument

ImportCapital claims to offer the following for trading assets:

  • Forex pairs – USD/EUR, GBP/AUD, EUR/CHF…
  • Stocks – Microsoft, Facebook, Google… 
  • Indices – NASDAQ, Dow Jones, FTSE…
  • Commodities – silver, gold, crude oil, corn…

Nice but we don’t care. Nothing against the mentioned instruments, the problem is that the broker is unregulated and the trading conditions are vague and unfavorable. Thus, that has to be first sorted out before considering any instruments.

Deposit/Withdrawal Methods,

Of course, the fraudulent broker failed to include a comprehensive list of acceptable payment methods so we had to discern them using this info.

Here we see credit/debit card issuers such as MasterCard and Visa as well as wire transfer options. It’s safe to say that ImportCapital is pretty unsophisticated when it comes to payment methods. We have reason to believe that con artist also accepts crypto transfers. Nevertheless, the minimum deposit, as mentioned, is $250.

How Do I Obtain a Refund if ImportCapital Defrauded Me?

If you’ve been scammed by ImportCapital, know that there is a way to get a refund depending on the payment method. Thus, we have the following:

  • Chargeback – used to reverse credit/debit card transactions, performed by the issuing bank within 540 days.
  • Recall – the process of reversing wire transfers, only possible if the transaction hasn’t been completed.
  • Crypto tracing – once the crypto transaction has been traced to a wallet within an exchange, a refund can be requested.

ImportCapital Summary

  • ImportCapital is a shady offshore provider owned by Incendiary Group Ltd from the Commonwealth of Dominica;
  • The broker is unregulated and unauthorized to provide services;
  • The minimum deposit is $250;
  • The available trading platform is WebTrader;
  • There have been several warnings issued against Incendiary Group Ltd.

FAQs About ImportCapital Broker

Is ImportCapital a Regulated Broker?

ImportCapital is not a regulated broker. It’s the opposite, i. e. blacklisted.

What Is the Minimum Deposit for ImportCapital Broker?

The minimum deposit that ImportCapital requires is $250.

How Long Do ImportCapital Withdrawals Take?

ImportCapital claims that withdrawals take up to four to seven business days.


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Nov 17, 2022
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