Signet Capital Review – Uncertainty Making Traders Uncomfortable

This investment firm might appear trustworthy at first glance. However, digging deeper and knowing where to look for information makes a whole lot of difference. The key to knowing if this company is legit is in the ownership details.

With this in mind, make sure to read our Signet Capital review carefully and avoid becoming the next victim. After all, this is not the first time Bright Space LTD is running a scam.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active Forex trading scam
Known Websites:	https://signetcapital.cc/
Blacklisted by:	N/A
Owner:	Bright Space LTD
Headquarters Country:	Seychelles
Foundation Year:	2022
Online Trading Platforms:	Web-based
Mobile Trading:	Not available
Minimum Deposit:	$250
Deposit Bonus:	Available
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, LTC, DOT
Available Trading Instruments:	Forex, stocks, crypto, commodities, indices
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	When you see brokers offering fake regulations and having non-transparent services, they are probably scamming you. If that happens, you should start a chargeback procedure immediately. In case you are unsure if you are being defrauded and how to get out of it, contact our specialists.

Is Signet Capital Legit or a Scam?

The first thing we realize about this company is the lack of transparency, primarily about trading conditions and platforms. Therefore, we have to look for a clue as to why that is allowed. As can be seen, the company states it has FISEU regulation with number 874201.

Indeed, documentation is real. But is FISEU real, feel free to find out in BaFin’s warning. It appears this company is solely registered to help scammers. Moreover, Signet Capital is not regulated by any trusted authority, such as FCA, ASIC, and the aforementioned BaFin.

On the other hand, searching for Bright Space LTD brought to light a warning from Austrian FMA. Even though the warning was issued for Cryptotradecorp.co, the layout is the same. It seems that Signet Capital is just a rebranding of an old scam.

How Does Signet Capital Work?

The whole idea of scam brokers is to keep credibility as good as possible. Since this firm was freshly registered, we can’t see any Signet Capital reviews. But we can see the pattern. The broker will try to steal as much as possible, and once they are exposed, they will create another brand.

In a nutshell, the company will offer traders anything just to get them on board. Slowly but surely, fake market specialists will manipulate those same traders to deposit more and more funds. Thus, when clients request a withdrawal, numerous problems can occur. If that’s your case as well, let us know. Ultimately, our refund experts can help you with the refund.

Who Are Signet Capital Victims?

Even though the old brand had some restrictions, the Signet Capital broker did not. The analytics show they are mainly scamming customers from:

• United States
• United Kingdom
• India
• Netherlands

Other quite similar scamming tricks can be found in our Mapledex review. But if any of these has got your money, get in touch for chargeback advice.

What Are Trading Platforms Available?

As can be seen, the company has been offering trading platforms available across all platforms. Thus, the reality shows there’s only Signet Capital WebTrader available. The company provides no links for download options. Consequently, it’s hard to believe they provide any advanced features.

Is the Signet Capital Mobile Trading App Available?

To sum it up, no. Even though the company claims to have iOS and Android apps developed. But if you get redirected to a web trader in a browser, you better look for a different broker on time.

Also, make sure to check our Cberry Wt review to avoid another scam.

What Financial Instruments Does The Platform Include?

Overall, the company’s offer looks quite decent. There are all five major categories available. However, if the market data is not reliable, what’s the use of it? In any case, the options are:

• Forex – AUD/NZD, EUR/JPY
• Commodities – natural gas, palladium
• Shares – GMC, AMD
• Indices – S&P500, NYSE
• Cryptos – ETH, DOT

Account Types Offered by Signet Capital

Important to realize is that account type classification is not available. Everyone starts with the same Signet Capital minimum deposit of $250. Yet, if you know some top-tier licensed firms offer micro accounts with $10 required, this offer is not reasonable.

Can a Trader Use a Signet Capital Demo Account?

Another big failure of this firm is the lack of a demo account. This clearly shows you they are up to something shady. In exchange, they are offering quite a poor Signet Capital education program. Sadly, it only includes blog posts with general trading information.

Signet Capital Fees, Spreads, Leverage and Commission

One of the concerning issues with Signet Capital scam broker is the mysteriousness of trading conditions. For instance, leverage, commissions, and fees are unknown. With these variables, you will never know what’s left for you.

The only thing known is that you can get spreads from 0 pips. Thus, that’s also speculative.

Is the Signet Capital Welcome Bonus Available?

Of course, the welcome bonus is available. Otherwise, they wouldn’t have a backup if traders want to withdraw the funds. As expected, there’s a clause probably preventing you from withdrawing any funds. To even think about withdrawal, you have to reach a minimum trading volume of 25 times the amount deposited plus bonus.

Is Signet Capital Withdrawal Possible?

Considering shady ownership details and a warning linked to it, non-transparent platform and conditions, no. Even though the company claims there are no fees, it’s hard to believe it. Thus, there will be some other fees like a 3.25% management fee every 6 months, an early withdrawal fee, a benchmark fee, and who knows what else.

Keep in mind the processing time may take up to 10 business days. But also, the minimum amount for card withdrawal is $100, and for wire transfer, it is $500.

What Should I Do If I Have a Signet Capital Problem?

For any issues with this brokerage, traders should first reach out to regulators. Whether domestic or foreign trusted ones, it doesn’t matter. In the end, if you have any money deposited with this broker, try withdrawing it immediately. In case that doesn’t work, you should apply for a chargeback immediately. For detailed guidance, feel free to contact us.