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OptiCapital Review | An Industry Expert or Scam Broker?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
OptiCapital - logo

OptiCapital is a broker that loudly labels itself as an industry expert. However, if we were to believe all such claims, the number of industry experts would surpass the global population. It is obvious that a broker’s self-proclaimed expertise raises suspicion, leading us to delve deeper into exposing this scam in our comprehensive review.

Highlights

🏛️ Country
⚠️ Regulation
🖥️ Website https://opticapital4.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $10,000
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@opticapital4.com
📞 Phone +442039877620

First Impression of Opticapital4.com

The official website of OptiCapital is an oddity in itself. The creators seem to have invested a great deal of attention to flashy animated images, but the same cannot be said for providing comprehensive details about the broker’s trading conditions. It is disconcerting to observe the glaring disparity between the excessive focus on visual elements and the lack of emphasis on essential information about the company. This discrepancy paints a negative picture of the website’s design and raises doubts about the credibility and transparency of OptiCapital.

OptiCapital - website

Partnership and Bonuses

OptiCapital entices potential traders with a 100% deposit bonus. It is rather perplexing how the company manages to claim compliance with regulatory requirements while offering such promotions. Let’s shed light on why these bonuses can be problematic.

Firstly, excessively generous deposit bonuses often come with stringent terms and conditions, including high trading volume requirements, before any withdrawals can be made. This can tie up traders’ funds and limit their flexibility.

Secondly, such bonuses may create a dependency on the broker, as traders may feel obligated to continue trading with the company to fulfill the bonus requirements. This can lead to impulsive and risky trading decisions.

Account Opening on Opticapital.com

Although we did not mention the affiliate program in the previous section, it is highly likely that OptiCapital has one. Otherwise, how else can we explain the absence of a registration option on the broker’s website? Instead, there is only a login form without a visible registration option. Such a setup is usually seen when registration requires a specific affiliate link or when the broker intends to withhold important information from traders.

Registration

By implementing this approach, OptiCapital may be intentionally limiting access to its services and creating a barrier for potential traders who are not affiliated with their partners.

Verification

The verification section provided by OptiCapital gave us quite a laugh. The company presents the requirement to submit documents as its own advantage. They make it seem like they could choose not to do it, but they graciously decided to go ahead anyway. We fail to see how this specific process constitutes a clear advantage for the company. We will explain later why, in this particular case, it is more of a drawback.

Anyway, OptiCapital requests the standard set of documents, such as an ID card or passport, as well as a utility bill or bank statement. However, we would strongly advise against submitting these documents to the broker. Yes, that’s right. We did not mistake.

Pros
  • None.
Cons
  • OptiCapital asks for verification.

Trading Software

The platform provided by OptiCapital is in the same sorry state. Firstly, it’s unclear what kind of terminal it actually is. The broker had been using MT4 and MT5 for a while but decided they weren’t good enough for them, so they developed their own software. However, there’s no information on what this software is or how to access it, given that registration is closed. Naturally, it appears to be just another web trader without a downloadable application. In short, it encompasses all the drawbacks you could imagine

Features OptiCapital Palmer Finance Company RannForex
Demo Account ✔️
Mobile App ✔️
Own Development

How Can I Trade With OptiCapital?

When it comes to trading with OptiCapital, the process is unclear and confusing due to their mysterious registration requirements. However, we can shed some light on their conditions.

All Info About Accounts

To begin with, OptiCapital offers a Bronze account that requires a minimum deposit of $10,000. In return, you will receive personal manager support, a guide to the trading platform, and access to introductory educational sessions. As your deposit grows, your account status will increase, along with the number of meaningless services that the broker tries to present as exclusive. For example, in a Platinum account, you may receive a few risk-free trades and increased leverage. The concept of risk-free trades itself contradicts real market trading. Yet, for some reason, some brokers present this service as an advantage. But no, it’s not. It simply means that your broker operates as a B-book model and doesn’t send your trades anywhere. Furthermore, OptiCapital does not provide information regarding the size of spreads, leverage, or other contract specifications.

Pros
  • None.
Cons
  • High minimum deposit.
  • Dubious services.

Market Analysis and Education With Opticapital4.com

OptiCapital claims to offer education and even some form of market analysis, or at least that’s what we can gather from the description of their trading accounts. However, what they actually provide to traders remains unknown to us. Furthermore, it is concerning that the entire team behind the broker remains anonymous. The lack of transparency and the inability to verify the qualifications and expertise of the individuals involved raise significant doubts about the credibility and trustworthiness of OptiCapital.

Deposit, Withdrawal, and Fees

At OptiCapital, you have the option to fund your account through various methods, although the company does not specify which ones exactly. However, it is worth noting that you will need to contact their support team either by phone or through messaging to initiate the deposit process. They claim to provide guidance and help you in determining the appropriate actions to take. OptiCapital assures you that they will find a suitable deposit method specifically tailored to your needs.

Features OptiCapital Geratsu  Squire’s Finance Limited
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

You can contact OptiCapital via phone or email. However, it’s important to note that the provided address is not associated with their actual physical location.

Pros
  • There are some contact details
Cons
  • The address provided is fake, indicating the absence of an actual office.

Is OptiCapital Dangerous?

OptiCapital doesn’t offer anything of interest, and we do not recommend considering them for collaboration. Here are some reasons why it’s best to avoid this broker.

How Long Does The Broker Work?

Regardless of OptiCapital’s claims about their professionalism and long-standing presence, it’s all lies. For instance, we found it amusing to discover their situation regarding the trading platform. The broker’s website was launched on May 2, 2023, and yet they expect us to believe that within just 20 days, they have extensively tested both MT4 and MT5 and developed their own software? Hahaha, what a joke!

Domain info

How Is OptiCapital Regulated?

The biggest drawback is undoubtedly regulation, or, rather, the lack thereof. OptiCapital seems to have gone a little off the rails in this aspect. On their “Legal” tab, they openly admit that they do not have a license to operate. Yet, they claim that the absence of regulation is not a hindrance and that they can be trusted. What a brilliant move (not). As an argument to support their trustworthiness, they point to the verification process. After all, as an unregistered entity, the broker may choose not to conduct this procedure. Well, let us correct that, ladies and gentlemen. As an unregistered entity, OptiCapital HAS NO RIGHT to conduct this process and is collecting your data illegally. Therefore, under no circumstances should you consider sending copies of your documents to some anonymous website, let alone making any transfers in their favor.

While some readers may argue that the broker has legal entities and even multiple ones, the reality is quite different. OptiCapital itself seems to have gotten tangled in its own web of deception. In terms of service, it claims to be registered in St. Vincent and the Grenadines. In another section, it asserts its presence in England. However, neither of these claims aligns with the truth, as there is no record of such companies in the respective registries. Furthermore, it states that it is not regulated by any authority, yet on the homepage, it proudly proclaims its authorization in multiple countries. It appears that different individuals were responsible for filling out the OptiCapital website, and they simply couldn’t come to an agreement with each other. It’s reminiscent of the story of the Tower of Babel, where confusion and lack of unity prevailed.

Features OptiCapital Modus UK Limited General Trust Group
European Zone ❌️️ ❌️️ ❌️️
Asian Zone ❌️️ ❌️️ ❌️️
American Zone ❌️️ ❌️️ ❌️️
African Zone ❌️️ ❌️️ ❌️️
Offshore ❌️️ ❌️️ ❌️️

Frequently Asked Questions (FAQ)

How to Trade With OptiCapital?

The first step is to register an account. However, the process of registration remains a mystery as the broker does not provide clear instructions or access to the registration form.

Is OptiCapital Legit?

No, OptiCapital is not a legitimate broker, and the company itself acknowledges this fact on its website.

How Risky Is It?

Trading with OptiCapital is highly risky, and it is important to understand the potential consequences. The lack of regulation, combined with the company's dubious practices and anonymous team, increases the risk of financial loss and fraudulent activities.
Kevin Berry
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Expert Opinion

Alright, buckle up for a laughter ride because these scammers have taken their game to a whole new level of absurdity! Imagine this: they proudly display their “no license” badge like it’s the latest fashion trend. It’s like going to a fancy restaurant and proudly announcing, “Hey, I’m not a chef, but trust me, I make great spaghetti!” Yeah, right, and I’m the Queen of England serving up tacos in Buckingham Palace.

But seriously, folks, when it comes to trading, you don’t mess around with your moolah. You need a broker who’s got its ducks in a row, with licenses and regulations tightly in place. So, my savvy traders, avoid these charlatans. Save your cash for legit brokers, and remember: in the world of trading, licenses are the real deal.

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OptiCapital rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about OptiCapital

Marv May 26, 2023 - 08:15
This project is so young that half of its service features turned out to be non-functional.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

The behavior of the software was a major concern from the start. Constant crashes and slippages certainly don’t contribute to profitable trading. But that’s not the worst part. OptiCapital can become outrageously bold and start threatening you. If you don’t regularly transfer money, they will block your account. And trust me, they’re not joking around.

Reply
Rickey May 29, 2023 - 12:51
For me, this trading platform has way too many downsides.
The level of trust

OptiCapital lacks the many services that other brokers offer. The commission rates are undisclosed. The spreads are outrageous, and the minimum deposit required is sky-high. To top it off. There are no demo or cent accounts available, and they don’t even offer an Islamic account option. In the end, it seems like this platform falls far behind any other well-known and popular broker. So, what’s the point of choosing it then? Personally, I don’t see any reason, and I advise you to be more selective when it comes to partnering with brokerage websites, especially unlicensed ones.

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