Adar Capital Review – What Do We Know About This Forex Broker?

As of May 2023, the Adarcapital.pro has ceased operations. But you can read the article to avoid falling for similar scammers.

Is Adar Kapital a Trading Scam? License Not Required

Sonorous Group LLC is the company that owns Adar Capital Forex broker. It is a Saint Vincent and Grenadines-based company. We have lost all hope of finding regulation for Adar Capital.

Since the FSA directive of 2021, SVG has been a popular place for unlicensed traders. It states that the Financial Services Authority no longer issues Forex or CFD trading licenses. Brokers must obtain one in their country.

We tried searching Tier1 databases, but were unsuccessful. This brokerage also offers leverage up to 1:500 which is directly contrary to ESMA rules. Brokers providing services to the EEA zone have to maintain leverage at a maximum of 1:30.

Our team is available to assist you if you have suspicions that this trading company or another one may be offering financial services without authorisation. We will use your information to urge authorities to ban this scam.

Adar Capital is an offshore-based fraud trading organization. The UK FCA has designated the company as a clone business and it is now banned from Spain and Belgium.

Scam Warnings against Adar Capital

It looks like broker Adar Capital tried to pretend that it was a UK-regulated brokerage called Sky Blue Wealth Management Ltd. The FCA discovered the truth and issued an warning October 2022.

A month later, the Spanish CNMV issued a similar warning, declaring Adar Capital a fraud. The warning was republished by the FSMA in Belgium.

Are Adar Capital Scam Victims Living?

The main areas where Adar Capital is active are:

• Germany
• Spain
• UK
• US
• Australia

Since May 2022, fraud has been ongoing. We believe that they will soon disappear, considering the regulatory warnings. To ensure that your funds don’t disappear, file a complaint!

How does this scam company find victims?

Like many others, this broker lures victims with fraudulent marketing campaigns. They are most often placed on Facebook, Instagram and Google Ads. This allows them to make large profits with small investments.

Clicking on an ad will result in your phone and email being entered into the broker’s database. The broker employees will then be able to call you and send you promotions, each one better than the last. To get your money, they’ll promise you anything.

Account managers may add you to private Telegram or WhatsApp groups where they allegedly send trading signals for the selected investors. This is another way to get you to deposit more.

Scam brokers frequently have fake social media profiles on YouTube and LinkedIn. They may share their “success story”, explaining how Adar Capital or another illegal firm helped them make millions. This is just one more way for the broker to gain your trust and increase its credibility. Do not fall for this.

Adar Capital WebTrader Platform

We conducted a thorough review of Adar Capital’s trading platform. A basic WebTrader is the only available software. It’s not the worst software, but it isn’t the worst.

Although the platform is intuitive and user-friendly, it doesn’t have advanced features. This platform is great for practicing software and trading newbies, but it lacks advanced tools.

The brokerage does not offer access to third-party trading platforms such as MT4,MT5, or CTrader. This is a shame, as any of these platforms would allow access to EAs, social trade, and many other features.

Mobile App – Can I Download It?

Login to Adar Capital is only possible via a web browser. The company has not created apps for iOS or Android devices. Apart from everything else, this is a major minus.

What can I trade with Adar Capital Brokers?

You can still access four types of trading instruments if you’re interested.

• Currency pairs – EUR/USD and GBP/NOK. CAD/SEC
• Commodities Gold, Natural Gas, Crude Oil
• Shares Amazon, Apple, Google
• Indices – NASDAQ, NIKKEI225, AU200

Trading in cryptocurrency is not possible, so there’s another negative.

Is Adar Capital Demo Account Available?

If you register for an account, you’ll be able to view the platform preview. If you click on an asset, you will be notified about any insufficient trading balance.

Adar Capital Demo, as it really means, is not enabled. The software can be viewed only briefly.

How to Deposit Money – Deposit Methods

Two payment options were offered by the brokerage:

• Bankcard
• Wire transfer

Both methods can be done instantly, but commissions are dependent on the banks of the clients. You can request a chargeback on a card transaction, or recall a wire transfer if you have any problems.

How do I withdraw money from my Adar Capital account?

The withdrawal process at Adar Capital is largely dependent on the acceptance of bonuses. You can’t withdraw if you have accepted any bonus unless you reach the 25-fold deposit plus bonus amount.

If you are eligible for a payout, your request will be processed within 24 hours. The Deposit and Withdrawal Policy says that the request will be processed within 4-7 business days. However, the brokerage can’t affect the processing time of your bank.

Adar Capital reviews suggest that it is a huge question whether you will get your money back or when.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

Adar Capital: Video

Below you will find a short video about Adar Capital. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Adar Capital!