TradesCapital is an unlicensed broker owned by JSD Marketing Group LTD. They are located at: 201 Rogers Office Building, Edwin Wallece Rey Drive, George Hill, Anguilla.
Their phone number is: +44 203 769 6944, and contact email is [email protected].
Automated Trading Scams
There are many different trading robots for binary options. It is important to read about the way these systems work, and the problems with many of them, read more.
The most popular automated trading system can be found at OptionRobot.com.
TradesCapital runs on the Tradologic binary options platform. The trading platform allows you to trade four types of binary options; Digital Options, Turbo Options, One Touch & Range Options. Turbo (high speed) options are available in 1 minute, 3 minute and 5 minutes expiry times.
The website is translated into Dutch, العربية, Español, Deutsch, 简体中文, and Français. Returns on GBP/USD binary options are 79% – 80%.
The smallest account size requires an initial deposit of $500.
There are various complaints about binary options brokers in general and you can read more here.
When it comes to TradesCapital and withdrawals here is something that many traders do not read, which is written in their terms and conditions page.
“Any withdrawal over 1,000 of the unit of currency of the account may be paid in monthly installments. The Withdrawals are limited to one withdrawal at the beginning of each month.”
- Clients who choose AutoTrade Program: no withdrawals for up to three months.
- Clients who choose Hybrid Auto Trading Program: no withdrawals for up to six months.
- Clients who choose managed accounts: no withdrawals for up to one year.
So before you make a deposit, you must be aware of the time frames for withdrawing your money.
License & Regulations
When the team of Scam Broker Investigators reviews a binary options broker to determine if they are a legit or scam broker we look for a brokers license. We check for a license from CySEC in Europe, ASIC in Australia or the CFTC in the United States.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
TradesCapital is not a licensed broker.
People looking for a licensed broker can find a list of brokers here.
There are over 200 brokers worldwide, and these are the very popular ones.
Nadex (read review) is the only licensed binary options exchange in America. They have an advanced trading platform with potential returns of 500%!
Visit Nadex.com and get your free $25,000 demo account.
Do you have an account at TradesCapital?
Please tell over people about your experience in the comments below.