Cuarto Capital Review – The Real Truth About cuarto.capital Scam
Broker status | Unregulated / Offshore Broker |
Regulated by | Unlicensed Trading Scam |
Scammers Websites | cuarto.capital |
Blacklisted as a Scam by | CNMV |
Owned by | Nexus LLC |
Headquarters Country | Saint Vincent and the Grenadines |
Foundation year | 2023 |
Supported Platforms | Web Trader |
Minimum Deposit | $250 |
Cryptocurrencies | Forex / Commodities / Indices / Shares / Cryptocurrencies |
Types of Assets | Available – BTC, BCH, ETH |
Maximum Leverage | 1:300 |
Free Demo Account | No |
Is Cuarto Capital an Illegal Fraud?
Cuarto Capital, which is owned by Nexus LLC, was registered in 2021 in Saint Vincent and the Grenadines. However, it’s important to note that SVG lacks an official regulator responsible for overseeing the Forex market.
Cuarto Capital is actively targeting investors from the European Economic Area (EEA) without adhering to the regulations set forth by the European Securities and Markets Authority (ESMA). Furthermore, the company offers leverage of up to 1:300. It’s important to understand that such high leverage can significantly increase the risk to your invested capital, potentially resulting in rapid losses at a rate 300 times faster. Moreover, in the event of such losses, you will not have access to support from the Financial Ombudsman or the opportunity to seek compensation from regulatory authorities.
CNMV Warning Against Cuarto Capital Broker
As of May 2023, Cuarto Capital has been officially banned by the Spanish regulator, CNMV. In their warning, the CNMV states that the brand is not authorized to provide financial services, including advisory services and Forex trading.
Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.
Cuarto Capital Assets
You can trade in all five major markets, including:
- Forex pairs: EUR/USD, USD/JPY, EUR/HKD;
- Commodities: gold, silver, natural gas;
- Indices: AU200, NASDAQ, FTSE100;
- Shares: Walmart, Netflix, Meta;
- Cryptocurrencies: BTC, ETH, USDT.
Furthermore, it is worth mentioning that Cuarto Capital allows trading of futures in commodities and shares. However, it is important to note that the broker operates without a valid license and fails to provide transparent information regarding spreads, swaps, or other trading commissions.
Cuarto Capital Accounts
There are six different account types, all having different minimum deposit requirements.
- Starting: $250;
- Bronze: $5,000;
- Silver: $15,000;
- Gold: $25,000;
- Platinum: $100,000;
- ECN: $500,000.
From the Gold account will you be able to access all trading assets. The Silver account offers lower spreads and a percentage-based bonus on your initial deposit. However, it’s important to approach the claims regarding personal meetings included in the last two account types with skepticism, as we have reasons to doubt their validity.
Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Coin-Royal, Nextonbid, UltraPrimeFX.
Cuarto Capital Site Analytics
Cuarto.capital has failed to disclose any details about its owner, which is a common trait of legitimate websites. The absence of this information might raise eyebrows as it brings the transparency and authenticity of Cuarto.capital into question.
Cuarto.capital seems to be recycling its content from other websites. This practice raises a red flag as unique and original content is usually a sign of a credible and trustworthy site.
The Trust Score assigned to Cuarto.capital is dismally low. Based on standard evaluations, a decent Trust Score should range between 25 to 50 points.
According to the verification service scamadviser, cuarto.capital has many flaws that make you wonder about the honesty of the broker.
Cuarto Capital Trading Software
The broker only offers a web platform. The popular MT4 and MT5 are more convenient and better suited for beginners. Cuarto Capital platform is not equipped with analytical tools, auto-trading, there is no possibility to add custom indicators and mobile application is not available.
Chargeback Is Your Solution!
A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
Request a free consultation today by clicking the button below!
What Should I Do If I Am Scammed by Cuarto Capital?
Dealing with these scams on your own can be challenging, and it’s important to remember that you’re not alone. We strongly encourage our readers to reach out to our dedicated staff for assistance. The more evidence we gather, the faster we can work towards recovering your funds.
If you or someone you know has fallen victim to such fraudulent schemes, please don’t hesitate to contact our team. Our online chat is the quickest way to get a response and obtain a free consultation. It’s crucial to remain persistent and not give up. Taking action promptly increases the likelihood of successfully recovering your money.
Cuarto Capital: Video
You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Cuarto Capital. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Cuarto Capital!
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FAQ
- Cuarto Capital Maximum Leverage
1:300
- What is the Minimum Deposit at Cuarto Capital?
250$
- What Is Cuarto Capital?
Cuarto Capital is an unregulated Forex and CFD trading brokerage to avoid.
- Can I Trade For Free?
Cuarto Capital does not offer the option to create a Demo account. Instead, users are required to make a payment before gaining access to any of the platform's features.
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