Is SERC Capital Legit or Scam?
SERC Capital is a scam broker and should be avoided at all costs. This review will detail the red flags that expose their fraudulent activity and why you should never invest with them.
Company Overview
Broker status:Â | Illicit Binary Options Broker |
Regulated by:Â | Unregulated |
Operating Status:Â | Active Binary Options Scam |
Known Websites: | serc.serccapital.cc |
Blacklisted as a Scam by: | N/A |
Owner: | N/A |
Headquarters Country: | US (alleged) |
Foundation Year: | N/A |
Online Trading Platforms: | Web Trader |
Mobile Trading: | SERC |
Minimum Deposit: | N/A |
Deposit Bonus: | Up to 2% for Crypto deposits |
CFD Trading Option: | Yes |
Crypto Asset Trading: | No |
Available Trading Instruments: | Stocks |
Maximum Leverage: | N/A |
Islamic Account: | N/A |
Free Demo Account: | N/A |
Accepts US clients: | US clients are accepted |
Services or Products
SERC Capital solely offers binary options trading on various stocks, misleadingly labeled as “New Energy.” This inherently risky investment type is banned in most regions, including the EU.
If you have lost money to companies like UOBE FX, or Exopip; please report it to us on our report a scam form.
Trading Platform & Leverages
The platform, a simple web trader, is likely rigged to manipulate market data and ensure your losses.
They also offer a mobile app, accessible to all ages, further highlighting their irresponsible practices.
SERC Capital doesn’t allow diversification, restricting you to risky binary options on questionable “New Energy” stocks.
Spreads and Cost of Trading
No information is available on spreads or trading costs, but victims report hidden fees and hefty upfront “taxes” for withdrawals.
License and Regulations
SERC Capital is not licensed by any regulatory body, including the CFTC in the US, the Financial Conduct Authority (FCA) in the UK, or any other major financial authority. This is a major red flag, as legitimate brokers require licenses to operate.
Legal Warning Against SERC Capital
Investing with SERC Capital exposes you to significant financial risk and potential legal issues. Their lack of licensing, manipulative practices, and hidden fees violate financial regulations and could lead to legal action against them, impacting your funds.
Deposit and Withdrawal Methods
Deposit methods are unclear, but withdrawal is nearly impossible. Victims report being asked for additional upfront fees before withdrawals, which are never processed.
SERC Capital Pros and Cons
Pros | Cons |
None | Unlicensed and unregulated |
None | Fake company information |
None | Manipulative trading platform |
None | Hidden fees and impossible withdrawals |
None | Targets vulnerable individuals |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers operate outside legal frameworks, meaning:
- No protection for your funds: If the company goes bankrupt or disappears with your money, you have no legal recourse.
- Manipulative practices: Unlicensed brokers can manipulate market data and trade execution to ensure you lose money.
- Hidden fees and charges: They can impose unexpected fees and charges, making it difficult to withdraw your funds.
Client Feedback
Numerous victims report negative experiences with SERC Capital, highlighting:
- Fake promises and romance scams are used to lure potential customers.
- Aggressive referral programs pressure existing victims to recruit others.
- Inability to withdraw funds despite deposits.
How Can “ReviewsAdvice” Help You If You Get Scammed?
While “ReviewsAdvice” cannot guarantee recovering lost funds, we offer resources and guidance. We can:
- Connect you with legal experts and recovery specialists to explore potential options.
- Provide information and support to help you understand your situation and navigate the next steps.
We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
SERC Capital is a dangerous scam, and you should never trust them with your money. If you have been a victim, seek legal advice immediately and explore all possible avenues to recover your funds. Remember, prevention is always better than cure. Always research and verify a broker’s legitimacy before investing.