Scam brokers using the names of real companies are unfortunately not uncommon today. Our Entrust Capital Limited review is dedicated to one such project. This broker lures traders wanting to trade Forex and CFDs with stolen information about official registration and licensing, tales of attractive trading conditions, and complete client funds safety. The truth about this pseudo-company and its methods of operation can be found below.
Is Entrust Capital Limited a Trusted Platform?
Knowing that traders primarily check the official registration and licenses of a broker, the project owners decided to follow a well-known path. They attempted to present themselves as a real company operating in Dubai. They even included the registration number of the actual firm, Entrust Capital Limited, in the footer of their page. This real firm holds licenses from the local financial regulator, DFSA, for:
- Organizing investment deals with various securities
- Investment advisory activities
- Asset management
- Providing credit brokerage services
For a market novice, this is more than enough to believe in the honesty of Entrust Capital Limited, open an account, and deposit money.
Unfortunately for the scammers, the real Dubai firm has its official website at entrust-capital.com. On this site, the company representatives state that they cater to investment requests from wealthy private clients, family offices, and organizations, working with assets from the MENA (Middle East and North Africa) region. There is no mention of Forex brokerage services or CFD trading.
The conclusion is clear: the broker Entrust Capital Limited has neither official registration nor any licenses. It exists only online, providing services illegally. Its purpose is clear – to seize the money of clients who believe in their story.
Concerned About Withdrawal?
Interestingly, the deposit and withdrawal processes on the platform are not as transparent as one would hope. On the official website, there are no available details in the public domain. You only learn how to deposit funds after registering and establishing contact with company employees. Commissions and other important details are also not described openly. Clearly, this is not the level of service characteristic of reliable brokers.
How Long Does The Broker Work?
However, the history of the prototype’s creation has been well learned by the fake company, and they do not hesitate to publish its details on their About page. They even provide the exact date of the real company’s establishment – December 9, 2018. Again, unfortunately for the scammers, they cannot alter the data on the whois service. It shows that the domain entrustcapitalltd.com was created only on July 8, 2024. What a fiasco – a six-year history turns out to be only ten days long (at the time of writing this review). Naturally, the claims of 88,000 clients, over one and a half billion in transaction volumes, and other impressive statistics on the pages of a ten-day-old site are laughable. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
❗On the broker’s main page, it claims to be registered on the Swiss Stock Exchange, with its shares trading under the ticker SIX: SQN. Of course, this is also fake, as the ticker belongs to Swissquote Group Holding SA.
❗The fake company also claims to be regulated by FinMA. However, the Swiss regulator has never heard of Entrust Capital Limited scam.
❗Some of the texts on the pages are written on behalf of Grossfield Limited, an already failed scam broker. Clearly, the creator of both projects is the same, and their objectives are identical.
❗The company does not care that the regulator prohibits the use of bonuses to attract users, and the leverage of 1:500 is also beyond the permissible limits due to the enormous risk for clients.
Entrust Capital Limited Review Conclusions
In general, the scam platform has shown its true colors. Is it possible that there are still those who would believe such blatant fraudsters? We know for sure that depositing here means giving your money to scammers.
Advantages and Drawbacks
➕Low minimum deposit.
➖Fake legal information.
➖Short operational period.
➖No license
FAQ
Is Entrust Capital Limited a legitimate broker?
No, Entrust Capital Limited is not a legitimate broker. Despite their claims of holding licenses and registrations, these are all falsified.
How can I verify the legitimacy of a broker?
To verify the legitimacy of a broker, you should check for their registration and licensing with official regulatory bodies.
What should I do if I have deposited money with Entrust Capital Limited?
If you have deposited money with Entrust Capital Limited, it is crucial to act quickly. Contact your bank or credit card provider to initiate a chargeback process. Report the scam to your local financial authorities and consider seeking advice from legal professionals experienced in financial fraud.
Brief Conditions
|
Type |
Forex |
|
Location |
Dubai |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En, Ru |
|
Demo Account |
❌ |
|
Mobile Trading |
✅ |
|
Web-based Trading |
✅ |
|
Bonuses |
❌ |
|
Minimum Deposit |
€100 |
|
Max. Leverage |
1:500 |
|
Scalping Allowed |
✅ |