Woolwich Capital (woolwichcapital.com) is a Forex brokerage, it claims to be located in Europe but gives no address as to its precise location.
In the review below, we take an in-depth look at the feat Cache coin investment allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made the grandefx.com pro to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
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Woolwich Capital Trading Platform
The website looks amateurish and hastily designed. It feels empty, this probably because a lot of information was not provided by them
The site doesn’t broker support neither the MT4 nor the MT5 trading platform. They use a web based platform to offer assets such as Forex (with leverages up to 1:100) CFDs, Indices, Stocks, and Precious metals
Woolwich 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 as to how a broker might work.
After thoroughly checking we discovered that this broker has four account types with bogus claims:
BASIC
Minimal deposit $5,000
STANDARD
Minimal deposit $50,000
SILVER
Minimal deposit $100,000
GOLD
Minimal deposit $250,000
We find these minimum deposits to be outrageous, it is more double the accepted standard of the industry which is $250
Woolwich Capital 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.
This broker does not mention any method that it supports. Normally, a broker would support Visa, MasterCard, Skrill or Neteller for transactions.
This broker claims not to have any withdrawal fees.
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 in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is Woolwich Capital Licensed?
Licensing is another important part, because a regulated broker can be trusted 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 is actually regulated.
This broker doesn’t give a company name, they also don’t give any regulatory body that they are registered under. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
So, no, this broker is not a licensed broker
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Woolwichcapital.com as they don’t give any information concerning if they are a regulated broker.
Woolwichcapital.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 option.
Woolwich Capital ltd claimed a week ago they were regulatet by FSC in Mauritius but that was a lie. When I confronted them they said their regulation was pending. This”company” is the old jttrader.com a wellknown scam company, that stole their clients money.
We created jttrader.eu to gather all information on the net we could find about jttrader.com and published it to bury them, and we succeed.
Stay away from this one.
The same guys – The same scammers as jttrader.com
We are now gather all information we can find about these scammers, and we will bury this site to.
We bought the domain name woolwichcapital.eu and are publishing it soon
These .eu sites seems to be very dangerous for the scam industry!
Go to jttrader.eu and you will be aware of, who these guys are and what their clients say about them!