GoldCapital24 Review – Silver Tongued Swindlers Claim Golden Profits

The internet has become a breeding ground for various financial scams. The fraudsters feel empowered by the relative anonymity the network provides, and keep inventing new strategies to fool people. Once they stumble across a solution that works, they start making numerous iterations to expand their foul business.

Today in our GoldCapital24 review we’ll talk about mass produced fraud sites, how to recognize them, and how you may recover your money from one.

Broker status:	Unlicensed broker
Regulated by:	Unregulated
Operating Status:	Active Forex trading scam
Known Websites:	goldcapital24.com
Blacklisted as a Scam by:	BaFIN, FMA
Owner:	GOLD GRAIN CAPITAL B.V.
Headquarters Country:	UK (alleged)
Foundation Year:	2023
Online Trading Platforms:	Web Trader
Mobile Trading:	N/A
Minimum Deposit:	€5,000
Deposit Bonus:	N/A
CFD Trading Option:	Yes, you may trade CFDs
Crypto Asset Trading:	Available – BTC, ETH, XRP, ADA
Available Trading Instruments:	Forex, Cryptocurrencies, Stocks, Indices, Commodities
Maximum Leverage:	1:500
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	This company is not safe! Contact our legal experts for help with recovery.

Legal Wild Goose Chase

One of the first warning signs with this website is just how little information about the company it contains. Indeed, prior to creating a GoldCapital24 login, you won’t even know who allegedly owns the brokerage, or where the firm may be situated.

The client dashboard contains some information though, but none of it stands for any scrutiny. For instance, the parent company is mentioned as GOLD GRAIN CAPITAL B.V. from the UK.

Checking the Companies House, we can see that the firm with this name does exist, but with a different headquarters address. Either way, this firm is not regulated by FCA, meaning it couldn’t possibly provide brokerage services.

We had to broaden our search to include other regulators, then. Checking this same parent company name has revealed it to be a known scam entity, blacklisted by FSMA, CONSOB and AFM. Further search revealed GoldCapital24 broker to be a known fraud as well, blacklisted by BaFIN and AMF.

This avalanche of warnings issued by some of the most prominent European regulators tells us that we’re dealing with hardcore cybercriminals, similar to EasyBit. Needless to say, investing with these firms is not recommended.

Fake It Till You Make It

Faked reviews have become a staple of fraudulent businesses. Knowing what this firm is, it’s natural to doubt any GoldCapital24 reviews you find online.

After checking the ratings on TrustPilot and SiteJabber platforms, we saw the signs of meddling on behalf of review seller networks. It’s the same old text rewritten from a script, as soulless as the people who earn their keep by deceiving the public. Discussing any other particularities is a moot topic.

Get Rich Quick Scheme

Instead of posting ads, GoldCapital24 Forex fraud operates a scam call center, a fine establishment known as a boiler room. In it, company agents constantly flip through the phone books, searching for a new mark to swindle.

Most of the time they approach the victim as self-proclaimed finance experts and portfolio managers from a large company. Allegedly, they are able to miraculously turn a relatively small sum of money into immense profits.

If the victim gets hooked, agents will ask for progressively larger amounts of money, showing some fictitious profits as a justification for further investment. The funds, however, are simply stolen. It is possible to recover the lost money, though, so contact our legal experts for help.

Who Do The Frauds Target?

Using the WhoIs register, we can see that the goldcapital24.com was created in December 2023. This directly contradicts the company claims of being in business “for years”.

The frauds most actively target these nations:

• Austria
• Germany
• Spain
• Albania
• Switzerland

Horrible Trading Software

Online swindlers commonly use a simple web trader to deceive their victims, and this one doesn’t deviate from the norm. The main GoldCapital24 trading app is as barebone as it can get, only featuring a buy/sell option and a rudimentary graph.

There are multiple reasons for this, first of which is the ability to manually edit the market data, and easily burn through the victims’ deposits. The other reason is that the boiler room agents simply don’t want to waste time explaining advanced features – they got another mark to hustle, and more money to steal.

Range of Instruments

The trading instruments are only provided to keep the pretense of trading. After all, the trading platform is incredibly basic, and isn’t even connected to the global markets.

Since there were basically no adverts on the site, we had to pull the information directly from the app:

• Forex – EUR/USD, AUD/NZD, GBP/CHF, USD/JPY
• Cryptocurrencies – Bitcoin, Ethereum, Ripple, Cardano
• Stocks – BP, Heineken, Siemens, Volkswagen
• Commodities – Brent, Cotton, Gold
• Indices – Nasdaq, Dax 40, Ibex 35

Convoluted Account Selection

All GoldCapital24 account types are tiered. They allegedly offer various benefits like tighter spreads and higher leverage albeit in return for a larger initial investment.

This is the price tag the swindlers have put on their accounts:

• Silver – €5,000
• Gold – €25,000
• Platinum – €100,000
• VIP – €250,000

Fee Structure is Omitted

Besides the information about leverage, that goes up as high as 1:500, and spreads that vary from 1.5 Pips to 0 Pips depending on account type, there’s no data on any costs. There isn’t even a Terms and Conditions document available, so you won’t know the extent of any fees or commission.

GoldCapital24 scam purposely omits this information. This gives the agents the necessary room for improvisation that lets them charge hidden fees.

Locked Withdrawals

Upon reviewing the client area, it becomes clear that the conners never intended to let their users withdraw any money. The options to fund the account or request a payout are locked, and cannot be made through the dashboard.

Like with the Forexeze scheme, victims are forced to go through the boiler room agents to get any information. In turn, they can make any excuse they like in order to deny a GoldCapital24 withdrawal.

Got Scammed? Help Is Here!

This alleged brokerage company is a well known fraudulent entity, found on multiple regulatory blacklists. Their website is a web of lies intended to entrap unsuspecting traders.

Finding out you’ve been defrauded by an online trickster can be a stressful ordeal, but that doesn’t mean you should give up. Contact our legal team via the live chat to book a free first consultation. We are available around the clock for your convenience.