Newcomers in trading often fall into cleverly laid traps and encounter fraudulent brokers. In this Amitell Capital PTE LTD review, we will discuss one such scam. We will explore its offerings, customer reviews, and the pitfalls that are sure to arise when dealing with this project.
Is Amitell Capital PTE LTD a Trusted Platform?
When you first visit the broker’s website amitellcapitalltd.com, it becomes clear that it is primarily targeted at Russian traders. The site also offers English and Spanish languages, which is surprising, especially if you consider the broker’s claim of being Singaporean.
The site’s footer does not provide complete legal information or license numbers, hinting that Amitell Capital PTE LTD is likely a scam aimed at deceiving unsuspecting traders.
The contact section lists a registered address in Singapore and a legal address in Dubai. While logically, one might assume they are the same, the project creators seem to disagree.
Upon checking the registries of these countries, we found that a company named Amitell Capital PTE LTD is indeed registered in Singapore. However, this is merely a namesake company whose name is being used by scammers. Firstly, it is not a broker; its permitted activity is fund operations.
Secondly, we found the original site of this project at www.amitellcapital.com. So, amitellcapitalltd.com is a fake one.
Concerned About Withdrawal?
It is evident that the developers have not yet completed the website. The account descriptions look quite strange, and it is unclear in which currency traders need to deposit the minimum amount. The funding process is also baffling. No company details are provided publicly. Given that the company is fake, it is unlikely that swift transfer details or credit card transaction information will be published.
Most likely, all details will be given only after personal contact with the company’s managers. Remember, such a low level of transparency is not fitting for an international broker with a good reputation.
How Long Does The Broker Work?
Another clear sign of fraud is lying about work experience. The scammers posing as a broker appeared only recently. There are hardly any reviews about Amitell Capital PTE LTD online, which is not surprising since, according to Whois, its domain was registered only on July 16, 2024. Naturally, there can be no mention of any experience in the trading industry. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
❗There are very few reviews about this broker, and the ones that exist are mostly written by anonymous traders.
❗Trading conditions are not fully disclosed, and the site seems unfinished.
❗No demo account, so traders must risk real money to understand how the platform and other nuances work.
Amitell Capital Pte Ltd Review Conclusions
It turns out that trading with Amitell Capital PTE LTD can be dangerous as this project pretends to be a legitimate broker but lacks the necessary licenses. Be cautious with your money.
➕Low minimum deposit.
➖Fake legal data.
➖Short operation period.
➖No mobile app.
FAQ
How is Amitell Capital PTE LTD regulated?
Amitell Capital PTE LTD is not regulated by any recognized financial authority.
Is it safe to work with this broker?
No, it is not safe, as it lacks proper licensing and shows several signs of being a scam.
How can I get my money back?
Recovering your money may be difficult, but you can try contacting your bank for a chargeback and report the issue to relevant authorities.
Brief Conditions
|
Type |
Forex |
|
Location |
Singapore |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En, Ru, Es |
|
Demo Account |
❌ |
|
Mobile Trading |
✅ |
|
Web-based Trading |
✅ |
|
Bonuses |
❌ |
|
Minimum Deposit |
100 |
|
Max. Leverage |
1:100 |
|
Scalping Allowed |
✅ |
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