Abstract：Pay more to get your funds back?! Capital Crypto Reserve is such a scrupulous broker that everyone must avoid.
WikiFX is a global forex broker regulatory inquiry app that has investigated and reviewed over 40,000 brokers while collaborating with more than 30 regulators. To learn more about the security and legitimacy of your chosen forex brokers, simply log on to www.wikifx.com and utilize the search bar to arrive at the answers for your broker inquiries. Simultaneously, we also act as an intermediary that solves disputes between trading clients and their brokers.
WikiFX did a review on Capital Crypto Reserve and failed to find any information about this broker's regulatory status. The reason for this investigation was that WikiFX received an Exposure submission from a trader named J****, who was ufairly treated by this broker.
Capital Crypto Reserve (www.capitalcryptoreserve.com) is an online broker that provides CFDs for several trading instruments, such as forex, commodities, cryptocurrencies and more.
Upon checking the database of WikiFX, we found that Capital Crypto Reserve is a relatively new broker that is currently operating without any valid licenses. We at WikiFX do not recommend choosing a broker with this high ambiguity level, as it could possess high underlying risks.
J**** (because of the request, we have covered the full name in the following screenshots) has a live trading account with Capital Crypto Reserve which he wishes to withdraw from.
However, when he reached out to the broker for his withdrawal request, he was told that he had to deposit more money in order to be able to retrieve his funds. Of course, J**** was very unhappy about this response, so he continued seeking clarification from the customer representative who was serving him, Marcus Black. Little did J**** know that he would get rude treatment and accusations from Marcus.
From these screenshots and the crude replies from Marcus, it is evident that Capital Crypto Reserve is a scam broker. In no circumstances should a broker or its customer representative ask for more money from its clients if it is a reliable company.
Lastly, if you ever feel icky about the broker you are currently engaging with, do not hesitate to conduct a background check through our free mobile application or website. Just a few clicks could potentially save you from the traps of scammers.
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