Wrong Advice & Trade Manipulation Tarnish CapPlace’s Reputation Among Traders

Are you losing funds from bad advice by CapPlace executives? Are you under constant pressure to deposit despite your portfolio crashing? Facing withdrawal denials or getting less than requested? You have probably been scammed by this Comoros-based forex broker. Many traders have been complaining about this broker on several review platforms. In this article, we have shared their reviews. Take a look!

The Struggles Traders Encounter at CapPlace

Wrong Advice Leads to Monetary Loss

Traders have been losing quite a lot of funds due to the wrong advice fed by the executives at CapPlace. According to a trader, an executive recently advised him to invest in the commodity, which led to a complete loss. Here are the words of the trader that intrigued us.

Targeting Inexperienced & Elderly Investors

CapPlace executives frequently spot investors who are more than 60 years old and have little to no financial knowledge. This helps them trap these investors by luring them with high returns. These investors would likely have no cross-question to ask. So, they become a soft scam target for CapPlace. This highlights why financial awareness is essential for protecting oneself against such schemes.

Constant Deposit Pressure, Partial Withdrawal Request Fulfillment

Whether traders lose capital or not, CapPlace constantly piles pressure on them to deposit. Due to the loss, the equity reduces, and the broker gives a margin call to the trader to deposit further. Even if the trader makes a profit, CapPlace does not allow traders to withdraw the requested amount. Instead, they get a partial amount, much to their annoyance. The screenshot below aptly narrates this trading issue.

How Much Score Does CapPlace Get from WikiFX?

CapPlace gets a score of just 1.25 out of 10 due to multiple reasons, including the growing trader complaints against it. The biggest issue is that the broker is not licensed by any competent financial authority. The broker needs to make its operation trader-friendly to win more points.

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