Getzcapital is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and cryptocurrencies. However, there is a lot of evidence to suggest that Getzcapital is a scam.
Company Overview
Getzcapital is a relatively new broker, having been founded in 2022. The company’s website does not show any information regarding any details about their company. There is no information about the company’s management team or its financial backing.
Team
There is no information about the team behind Getzcapital. The company’s website does not list any names or biographies of its employees. This is a red flag, as legitimate brokers should be transparent about their team members.
Services or Products
Getzcapital offers a variety of trading services, including CFDs, forex, and cryptocurrencies. However, the company’s website does not provide any detailed information about these services. This lack of transparency is another red flag.
License and Regulations
Getzcapital is not regulated by any major financial regulator. This is a major red flag, as it means that the company is not subject to any oversight or accountability. Unregulated brokers are more likely to engage in fraudulent activities, such as refusing to allow withdrawals or manipulating prices.
License Status
Getzcapital claims to be regulated by the Financial Conduct Authority (FCA) in the UK. However, the FCA has no record of Getzcapital being authorized to operate in the UK. This is a clear indication that Getzcapital is a scam.
Regulation Status
Getzcapital also claims to be regulated by the CySEC in Cyprus. However, the CySEC has no record of Getzcapital being authorized to operate in Cyprus. This is another clear indication that Getzcapital is a scam.
Why Dealing With An Unlicensed Broker Is Risky?
There are many risks associated with dealing with an unlicensed broker. These risks include:
- The broker may be fraudulent and may not allow you to withdraw your funds.
- The broker may manipulate prices in order to take your money.
- The broker may not be subject to any oversight or accountability, which means that there is no one to protect you if you lose money.
Legal Warning Against Getzcapital
The Financial Conduct Authority (FCA) in the UK has issued a warning against Getzcapital, stating that the company is not authorized to operate in the UK and is therefore a scam. The FCA has also warned investors against depositing money with Getzcapital.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are many negative reviews of Getzcapital online. These reviews allege that the company is a scam and that it has refused to allow withdrawals from customer accounts.
Feedback About Their Trading
Some clients have complained that Getzcapital’s trading platform is buggy and unreliable. Others have said that the company’s spreads are too high.
Feedback About Their Customer Service
Customer service at Getzcapital is said to be poor. Clients have complained that they have been unable to get in touch with customer service representatives and that the company has been unresponsive to their queries.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Getzcapital or any other broker, there are a few things you can do:
- Report the scam to the relevant authorities, such as the FCA in the UK.
- Contact your bank and request a chargeback.
- File a complaint with a financial ombudsman.
- Take legal action against the broker.
Reviews Advice can help you with all of these steps. We have a team of experts who can help you understand your rights and options, and we can connect you with the right legal and financial professionals to get your money back. Also, you can use our recommended recovery services to have a safe recovery of your lost funds.
Final Thought
Getzcapital is a scam broker. Do not deposit money with this company. If you have already deposited money with Getzcapital, please contact Reviews Advice for help.
