Thinking of getting into business with Triton Capital Market? Here is what we want you to know about this broker. Carefully read this review to know if tritoncapitalmarket.com is the trading platform you will want to trade with.
Table of Contents
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
About Triton Capital Market Broker
Triton Capital Market is a brokerage company with a lot of offers for traders. The location of this broker is Saint Vincent Grenadines. It goes with registration number 247LLC2020.
Triton Capital Market claims to give traders more than 120 trading assets including currency pairs and CFDs. It offers a low spread, charges no commission to traders and bonus deposit of 100%.
Triton Capital Market poses on its website as an award winning platform. Added to this broker’s sweet offer is its 1 to 1 training for traders. Here it claims to teach traders on what they should know and even offer to manage their account.
While there are attractive promises by Triton Capital Market, we want you to know these are too good to be true.
tritoncapitalmarket.com: Reasons to Avoid This Broker
tritoncapitalmarket.com is a platform with no regulatory body overseeing its financial services. What that means for traders thinking of using an unregulated broker is that their money is at risk. We can’t stop pointing the importance of regulation especially when you are dealing with an offshore broker like this one.
Another red flag we found in this tritoncapitalmarket.com is that there is no free account for traders. If traders can’t test the services of Triton Capital Market on a demo account, how can they know its viability in the real market.
Tritoncapitalmarket.com is a clear scam that even the Financial Conduct Authority (FCA), UK has labeled it so. This is a big warning for traders to avoid this broker.
Withdrawal and Deposit
Withdrawal process:
Triton Capital Market broker does not state the fee it charges traders for withdrawal. Scam brokers like this one are known to ask for more money when traders make withdrawal requests. This is because there is no initial amount traders must pay.
In Triton Capital Market terms and conditions, traders can only withdrawal with a volume of bonuses. Such Trader Agreement shows this broker reserve the right to change bonus policy.
Minimum Deposit
Triton Capital Market minimum deposit is indicated $250 on the website. Even though this broker shows what amount to deposit, that does not make it legit for traders. Any broker can likely do the same.
The payment methods of Triton Capital Market broker are Visa, MasterCard, Maestro and Bank Transfer. Payments with any of these options seem trustworthy, but that doesn’t prove is not a risk.
Triton Capital Market Platform
Triton Capital Market offers a customized software for traders called Triton Trade Station (TTS). Its avoidance to include the market standard MT4 and MT5 is what we don’t seem to know.
Triton Capital Market offers different account types such as Silver, Gold, Premium, Platinum and VIP account. Below are the account types and prices.
Triton Capital Market leverage is 1:500. The leverage set by this broker is quite high. This is against the regulatory leverage of 1:100 set by Financial Conduct Authority.
In spite the attractive offers Triton Capital Market broker presents, we cannot fine free account for traders to test the platform before they consider depositing their money.
Triton Capital Market Licensing and Regulations
From our findings, Triton Capital Market broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk with this broker. Regulators like Financial Conduct Authority and the rest don’t grant license to any offshore broker like this one.
In fact, a scam alert has Triton Capital Market been labeled by the UK financial regulatory body, FCA. Their financial services are shady and must be avoided.
Trade with TOP RATED BROKERS Instead
Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is tritoncapitalmarket.com Legit Broker?
No, tritoncapitalmarket.com is not a legit broker for traders and because of that, traders are advised to steer away from such broker or else you will be scammed. Below are reviews from TrustPilot:
The warning signs have been given by Financial Conduct Authority for traders not to consider crossing path with Triton Capital Market because it is just another scam broker parading in the financial market.
The many red flags place on tritoncapitalmarket.com is a turn off and therefore we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.