Imperial Capitals Review: ImperialCapitals is a forex broker licensed by the authorities of Saint Vincent and the Grenadines. In the review below, we take an in-depth look at the features imperialcapitals.com allegedly offers. This review answers the questions: is imperial capitals legit? Is Imperial Capitals good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review to see what we and other experts have to say about imperial capitals forex broker.
Table of Contents
Imperialcapitals Trading Platform
This broker claims to have addresses in Denmark and the UK. But somehow still belongs to a company in Saint Vincent and the Grenadines.
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It claims to support the MT4 trading platform.
Imperial capital Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea of how a broker might work.
After thoroughly checking we discovered that this broker has four account types.
Imperial Capitals Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
Although this broker flaunts logos for different payment methods at the end, we discovered that it only supports bitcoin as payment. We do not advise you to send any to them as transactions with bitcoin are hard if not impossible to trace or reverse.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is imperialCapitals Licensed?
Licensing is one important part of our reviews. This is because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates them.
This broker, as earlier stated, implies that it has offices in Denmark and the UK. Meanwhile, the company behind it is in the SVG.
Saint Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading.
No, this broker is not a licensed brokerage.
While it is true that SVG has no regulatory body, recently the government of Saint Vincent and the Grenadines has claimed that it is planning a complete reformation of the nation’s FX and CFD regulatory grounds. We don’t know when they will do this but we are expecting SVG to pick up the slack and begin enforcing a set of rules to its broker’s firms, which for now are mostly SCAMMERS.
To Know if a body licensed a broker. Traders should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
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Minimum Trade Deposit $100
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Conclusion
We wouldn’t advise or recommend you to trade with imperialcapitals.com as they don’t give any information concerning if they are a regulated broker.
Imperialcapitals.com is likely a platform run by scammers. Trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading options.
We need to stop being fooled by all these brokers and account managers, they scammed me over $70,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined; I found it very hard to move on. I was researching and find a broadcast that teaches on how scammed victims can recover their funds, I contacted the email provided for consultation [email protected] and I got their feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back.