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Hoots : Forex trading with a specific website I am considering to start trading Forex and registered on a specific website (capitalhall.com) They are promising me huge gains and I would like to identify if they are legitimate. What - freshhoot.com

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Forex trading with a specific website
I am considering to start trading Forex and registered on a specific website (capitalhall.com) They are promising me huge gains and I would like to identify if they are legitimate. What are the things that I can do to verify this?

They installed MetaTrader4 on my pc and are guiding me through it using AnyDesk.

P.S. This question has been modified many times. My complete story with the company Capital Hall is now an answer.


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I did not sign a contract
I had to upload ID documents and a monetary statement.
I researched them online but could find nothing of substance
The comments were all good.
Can I check this brokers track record somewhere?

It's possible that they may be legit but based on your statements, it sounds very likely that they are not. Your skipped your due diligence and went right to "Show me the money!".

In the US, we can check on brokers at brokercheck.finra.org/
Find out where this firm is located and check with the regulatory agency in charge in that country to see what's up.

You can also try to close your account and get your money. That will be very telling as to whether this is legit or you have been scammed.


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Per their website, they are located in the Marshall Islands, which means they're effectively an unregulated, off-shore broker

Capital Tech ltd.
Ajeltake Road, Ajeltake Island, Majuro republic, Marshal Islands

The CFTC warns against Foreign Exchange Currency Fraud

How do the scams work?
Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. Promoters often lure investors with the concept of leverage: the right to “control” a large amount of foreign currency with an initial payment representing only a fraction of the total cost. Coupled with predictions about supposedly inevitable increases in currency prices, these contracts are said to offer huge returns over a short time, with little or no downside risk.
In a typical case, investors may be assured of reaping tens of thousands of dollars in just a few weeks or months, with an initial investment of only ,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted—stolen— for the personal benefit of the con artists.

Even if they don't take off with your money, your trades are still unlikely to be profitable in the long run. Retail traders are at a severe disadvantage when it comes to FX trading.
If I were you, I'd try to liquidate the account and save my money or use a reputable broker to invest in a broad-market ETF.


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In the end I discovered that I had better listened to what the others had to say. All the answers to this post were ment to help me, although I was too stubborn and continued.

I have come to the conclusion that I have been scammed. The broker was manipulating the trades server side, there seem to be various tools for that.
More info here:

Is my Forex broker manipulating my trades?

I will post my story here for those who are on the same path:

I started Forex trading with Capital Hall. They guided me through installing MetaTrader4 using the tool AnyDesk to control my pc and show me what trades to do.

My first deposit was 0 which quickly rose to 0 so I withdrew to test if they would let me. Then I deposited 00 and the total amount reached quickly to 00. I would get a call from this guy daily where he instructs me to buy NAS100 or UsOil or some other commodity.

At this point I started becoming suspicious because this went all too well. I researched the company online and found only positive reviews. I read their documents and it said I could not go into debt, what the employees told me as well. I posted this question here and asked friends what they thought and everyone told me it's a scam. So I thought I should try to withdraw using a story about a friend who wanted to invest but first see me withdraw 00.

The 00 was nicely withdrawn into my Bitcoin wallet, but now the guy started asking me to deposit more funds which I didn't. At a certain point he would not call me or send me WhatsApp messages anymore, except sometimes when he asked me to please deposit everal thousands promising I would have it returned and doubled in a few days. Then he told me that he has a situation in his private life and I did not hear from him for some time.

After some time I got called by another guy who said he was going to continue the trading from the point where his colleague had stopped. Quickly my 00 rose to about 50 and I was quite happy.

Then he explained to me that with more credit I would be making money even quicker. And that his company was making a special offer because it was the end of the month and if I would deposit 00 now I would get 00 worth of credits. When I declined at first he reduced his offer to 'deposit 00 and get 00 credit' which I took.

So I deposited 00 and he told me to buy a stock. This time the trade would quickly drop to $-1500. After the weekend he called me again and said he has a huge opportunity if I deposited 00 now. I eventually agreed to deposit 00 instead and got 00 in credits. Then we bought another stock which then dropped to $-5000 while the total balance reached $-8000.

Now I got a call from this guy again and later his friend saying that I have to deposit 00 now to save my account. I almost tried to transfer more but this went wrong. Now this guy and his friend kept calling me and he wants to login to my crypto wallets. He says that I have to call my friends and family to borrow their money. When I kept saying that I would not do that he hung up on me. My account was then closed.

Later I discovered that there were scam warnings about this company: www.forexbrokerz.com/brokers/capital-hall-review https://theforexreview.com/2018/11/09/capital-hall-review/

Lost almost 00.


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