INPC Capital is another brand of a fraudulent company we recently reviewed. Make no mistake, the broker we are going to discuss is a pure scam, but this time those fraudsters went to extremes, and we are going to show you why in the full INPC Capital review.
INPC Capital REGULATION AND SAFETY OF FUNDS
INPC Capital is purportedly a trading name of INTERNATIONAL PACIFIC CAPITAL LIMITED, which is a fictitious entity in this case. We claim so because it displays a license on its website without being authorised to do so. The document belongs to a regulated Australian company specialising in Wealth Management, which doesn’t offer Forex products and services or have anything to do with the broker in question. The bottom line is, INPC Capital is merely a dirty clone firm, so your funds will be in danger if you deposit because that’s a scam! Recently, we came across another FX creature run by the same scammers, so make sure to see it by following the link provided- IPCForex review.
INPC Capital is a clone, and as such, it’s abusing authentic companies’ names, licenses, domain names etc. to entice people into a fraudulent scheme. Scammers running clones pretend to work for genuine businesses, thus trying to take investors’ guards off and steal their money. In fact, many people get scammed while thinking they are dealing with legit companies, so firm cloning is nasty and, at the same time, pretty much efficient tactics. Make sure always to double-check legitimacy before making any investment decision whatsoever.
Avoid the fraudulent INPC Capital and consider the high-rated EU brokers and British brokers instead. The companies we recommend are competently regulated and, most importantly, covered by deposit insurance funds. Namely, if you trade with a CySEC broker, you can claim up to 20 000 EUR in compensation, while the British protections are up to 85 000 GBP per person. The deposit funds guarantee an extra layer of protection, and it’s worth opening accounts with European companies if eligible to do so.
INPC Capital TRADING SOFTWARE
We couldn’t access any trading software, and we can’t verify that INPC Capital has a platform at all. At the same time, though, we found MetaTrader links on the website, redirecting to the MetaQuotes website, where people can download the generic MT distributions. Well, IPCForex was doing the same, so it’s out of the question that we are dealing with the same scammers. In fact, INPC Capital fraudulently claims to offer MetaTrader, trying to taking advantage of the platforms’ spotless reputation. That’s a scam!
Avoid it and have a look at the high-rated MetaTrader4 brokers and MetaTrader5 brokers, which are delivering the best distributions available. We recommend MT brokers because their trading terminals are packed with sophisticated features such as Expert Advisors, complex indicators, and excellent charting tools. MetaTrader also comes with an unrivalled bonus- a Marketplace where clients can browse through more than 10 000 apps and other trading solutions.
As there is no software, we can’t show real-time spreads or leverage levels. Nevertheless, INPC Capital is claiming to offer 1:400 leverage that’s actually too risky for retail traders. Worse, though, Australian brokers are no longer allowed to provide excessive ratios, so now we have yet another proof that INPC Capital has nothing to do with regulations.
With reference to leverage, it’s utterly dangerous, and many financial authorities even regulate it to reduce its usage by clients. Namely, licensed EU, British and Australian brokers have to limit retail clients to 1:30 for FX majors, while Canadian brokers and US brokers to 1:50. High-leverage offshore brokers are poorly regulated or not at all, so you’d better be sceptical about their offers.
INPC Capital DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is said to be $200, but we couldn’t test their funding system and validate this information due to the account opening issues already discussed. Anyway, that’s twice more than the licensed brokers’ requirements on average, so INPC Capital is seemingly demanding. Still, too many are now offering micro accounts starting from $5, so there are plenty of options ahead.
The funding methods are also unknown as INPC Capital fails to mention anything about it. Anyway, we’d like to offer our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have trusted payment systems. The companies topping the lists are competently regulated, and you won’t face scammers if you choose among the high-rated ones.
Next, we got on to even more evidence of a scam. That is, INPC Capital doesn’t have legal documentation, which once again proves it’s nothing else, but an illegal business. In contrast, the licensed companies are bound by law to disclose all trading provisions so that people can make informed decisions. Subsequently, there is no information about withdrawals, fees, inactivity procedures or anything else.
Overall, INPC Capital is a scam scheme we just exposed, so stay away from this sham.
HOW DOES THE SCAM WORK
Today, the Internet is plagued by scammers and their tricky deals. It all starts when you click on an appealing fraudulent offer and provide your e-mail and contact numbers. Scammers, as seasoned manipulators, would ring you at once, insisting that you should start investing as soon as possible. During the phone call, you’d be presented with bonuses, promotions, risk-free offers, Bitcoin opportunities, and anything else you could possibly imagine. Scammers would claim to work with reputable firms, banks, governments, and so on, trying to make their business appear legit. Those thieves lie big time and would promise you anything to gain your confidence and get a deposit from you.
However, the first deposit is just the beginning. Day by day, scammers would carry on asking for funds. If you lost, they’d persuade you to put more money and recover the losses. If you are profitable, you’d be asked to put more money and increase the gains. The headaches start as soon as you ask to take your money back. The scammers would do whatever it takes to discourage you and would even urge you to deposit again if you want to withdraw. The scammers’ mantra is “give me your money”, they’d push you to transfer more money over and over again for no obvious reason. Urgency is a treacherous sign, so if someone forces you to invest ASAP, that’s a scam.
WHAT TO DO WHEN SCAMMED
Unfortunately, no one is safe from scams. If you get defrauded, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.
Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!
Remember, it’s crucial not to rush blindly trying to recover your funds because fraudulent fund recovery agencies are trying to double scam the victims. They ask for upfront payment, take the money but don’t do anything to help you!
Last but not least, share online your experience; it’s important to inform the public about scams. Be responsible!
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