“Get the Ultimate Profit from Bitcoin” is the slogan of the brokerage company RippelCapital, specializing in the cryptocurrency market. The firm assures us that it is an expert in blockchain technologies, smart contracts, ICOs, and digital currencies. The headquarters is located in the United Kingdom, but only an address is provided, with no confirmations found. It’s worth noting the absence of a license from financial commissions, despite the founding date in 2017. Is it possible that a license could not be obtained in 6 years? There are few reviews online, but they can also be read on the site, which is not recommended. Could such a platform be a scam? Quite possibly.
Table of Contents
|🎲 Demo Account
|⏳ Start Time
|💲 Minimum Deposit
|⚖️ Minimum and Maximum Leverage
|⚙️ Trading Platform
First Impression of Rippelcapital.com
The company’s official website cannot be called high-quality or beautiful. The design is template-based, using photographs of cryptocurrencies and high technologies taken from the internet, indiscriminately, meaning those that were found first. The text content on RippelCapital’s site is terrible. The firm uses deep epithets and pompous adjectives to describe its activities and advantages. However, these are just words without real evidence and specifics.
On the homepage, you can learn about the opportunities and advantages, but only partially. In the footer, you can find contact details and even logos of social networks, which are supposed to lead to Facebook, Twitter, and LinkedIn accounts, but they redirect back to the site. Risk warnings from RippelCapital are absent.
Overall, the official website is not impressive. No doubt, the resource was created hastily. Terrible and tasteless design, lack of meaning and quality – this is how the site can be characterized.
Partnership and Bonuses
No mention of an affiliate program was found. Looking ahead, even during registration, we are not asked to enter a promo code. So, the opportunity to earn additional income by attracting partners to RippelCapital is missing.
However, the broker offers bonuses, which is not surprising, as such offers are not just for nothing, but come with certain conditions. Bonuses cannot be withdrawn until a trading turnover equal to $5 bonuses, multiplied by 1 lot, is completed. For example, if a trader received $500, then they need to complete a turnover of 100 lots in order to withdraw these funds. If users wish to withdraw their own funds, the bonus and all profits are lost. Thus, the conditions at RippelCapital cannot be called soft and favorable.
Account Opening on Rippelcapital.com
Account creation begins with the registration process. RippelCapital asks for two types of information:
- Personal details: first and last name, phone number, country, and date of birth.
- Account details: email and password.
After entering all the data, you need to tick the box to agree to the terms.
After submitting the application, we expected that it would be necessary to confirm the registration of the account by email, but no letter arrived. Thus, the level of personal data protection at RippelCapital is on a low indicator.
The personal account is quite primitive, and the font chosen is maximally unfortunate. At the same time, the trading platform is integrated into the client portal, which is undoubtedly a bad decision, both in terms of convenience and security. In the personal account of RippelCapital, there are main sections:
- Account summary. Here you can view the total balance, history, personal data, and change the password.
- Trading area. This is the platform.
- Deposit funds. Balance replenishment, but first, you need to enter all payment data.
- Withdrawal request.
At the same time, RippelCapital does not offer a demo account. Such an option was not found in the personal account.
The user agreement mentions the verification process, meaning the client must provide the company with confirmation of their identity and residence address, as well as a photo/scan of the bank card used to replenish the deposit. However, we did not notice any functionality for uploading documents in RippelCapital. There is an AML policy on the official website, but no KYC. Therefore, it is not entirely clear how to go through the verification process.
- Not found.
- The verification process is not described.
- The personal account lacks functionality for uploading documents.
The description of the trading platform is absent on the website. At the same time, the screenshots that can be seen on the main page do not resemble what is in the personal account. RippelCapital uses screenshots of some other software, but in reality, the terminal is much more primitive and poorer.
First, it should be noted the absence of technical analysis and indicators. Clients only have access to a chart, which can be presented in the form of Japanese candles or lines. Second, traders can change the timeframe and use pending orders, including stop losses and take profits. The platform at RippelCapital does not have any more functionality.
Mobile applications for Android/iOS are absent. Moreover, there is no information on whether the platform supports mobile browsers for trading from phones. There is also no desktop version. Are there any advantages to the RippelCapital terminal at all?
How Can I Trade With RippelCapital?
This broker specializes only in cryptocurrency, so only this asset class is available for trading here. Looking at the list of instruments, one can conclude that the company is stuck in 2018. Many cryptocurrencies traded here are long outdated, while fresh coins, such as ARB, OP, APT, or SUI, are missing.
All Info About Accounts
The minimum deposit at RippelCapital depends on the selected tariff plan. There are five options in total:
- Green. From £10,000. The client gets access to ICO, a secure wallet, a minimum stake of £25, full trading tools, daily crypto signals, a guaranteed return of 2%, and a fully managed account.
- Silver. From £50,000 and more. In addition to the services mentioned above, this tariff includes insurance recovery, a personal expert broker, and a personal accountant.
- Gold. A minimum of £100,000 is required to activate this type of account. At this level, the trader gets a personal financial advisor, access to the DAV project, and international events.
- VIP. From £250,000. Additional options include VIP transactions and Ethereum bundles.
- 1 million club. From £1,000,000. Differs from VIP by having Bitcoin Bundles.
First, it should be noted that there is a high minimum deposit. £10,000 is a serious requirement for initial replenishment. RippelCapital is not customer-oriented, as many other firms have long removed the threshold for the minimum deposit.
Moreover, many trading conditions are not specified. Such an important parameter as commissions, which traders pay first attention to when choosing a company, is simply absent. RippelCapital, what are your commissions?
The most suspicious item was the “guaranteed returns” line in the description of tariff plans. The firm promises returns from 2% to 4.5%, but does not specify over what period. In any case, there can be no guarantees of profit. If you are promised a 100% profit, you should wonder whether you are being deceived.
The winrate of trading signals is not indicated, and who the people presented as personal accountants and expert brokers are also unknown. What ICOs does RippelCapital give access to if such a fundraising method is no longer used? Cryptocurrency projects have moved to the IFO, IDO, and Airdrop fundraising models. Thus, the text clearly shows the company’s incompetence.
- Not found.
- A high minimum deposit.
- Many conditions are hidden.
- Guaranteed returns of 2-4.5% – indicative of a financial pyramid.
Market Analysis and Education With Rippelcapital.com
Almost all additional services are listed in the description of account types. Besides this, RippelCapital provides users with news from the world of cryptocurrencies and a small ticker on the main page of the site with online quotes. There is nothing more, although fresh analytics could have been useful.
Deposit, Withdrawal, and Fees
There is no specific list of supported methods of transferring money. The user agreement mentions credit/debit cards and bank wire transfers. In the personal account, when trying to replenish the deposit, the system shows only credit/debit cards. In the footer of the site, you can also find PayPal, but it is unlikely that this payment system is really available.
RippelCapital charges a 10% commission for withdrawals from traders who fall into the “advanced” category. Moreover, if the account is inactive (no trading), a 5% fee of the total withdrawal amount must be paid.
How Can I Contact It?
Contact information can be used to determine whether a company is suspicious or not. For example, if the contacts are fake. We checked the email of RippelCapital, and it is real. Phone numbers are harder to verify, but a Google search gave us nothing. So, the contact details of the broker are in order.
Despite the presence of social media logos, no accounts have been created there. Moreover, RippelCapital decided not to connect an online chat on the site, so users could quickly contact support managers.
- There is an email and two phone numbers.
- Social media accounts are absent, although the logos are displayed on the website.
- Online chat is not connected.
Is RippelCapital Dangerous?
Considering the low number of mentions of the company on the internet, as well as its inadequate trading conditions, boring website, and primitive trading platform, nothing good can be said about the broker. However, we cannot precisely determine whether it is a scam or not, because it is necessary to clarify when the platform was launched and whether RippelCapital has any licenses at all.
How Long Does The Broker Work?
Few reviews online and a young domain, created on December 19, 2023, are significant evidence that the company has not been operating for long. Although the list of available assets, which were relevant in the market cycle of 2017-2018, and the presence of ICOs suggest the firm’s solid experience, we believe that RippelCapital is just a rebirth of some old project, nothing more. The founders simply did not bother to update the information and conditions.
How Is RippelCapital Regulated?
Even if the broker is new, it still needs to get a license to operate legally. So, does our review subject have regulation? This needs to be checked with the Financial Conduct Authority, which controls the activities of British firms, as the headquarters of RippelCapital is supposedly located in the jurisdiction of the United Kingdom.
A search in the FCA register gave us nothing. Such an organization is not listed there. We also had doubts regarding the headquarters in the United Kingdom. Therefore, we decided to additionally check the Companies House register of legal entities and found nothing there. RippelCapital is absent in this country, meaning the provided address is fake.
|RGN Financial Planning Ltd
Frequently Asked Questions (FAQ)
How to Trade With RippelCapital?
Is RippelCapital Legit?
How Risky Is It?
It is unlikely that a new scam project would offer investing in ICOs and trading such old and half-dead cryptocurrency coins as LSK, STEEM, Bitcoin Gold, Basic, QTUM, and others. Most likely, we are dealing with the reincarnation of some old scam that changes domains and names like gloves. That RippelCapital is an illegal and fake organization is very easy to understand: such a firm is not listed in the UK register, it does not have an FCA license, and there are very few reviews online. In short, don’t even think about transferring money here, as it’s a one-way road for them. And the fraudsters will only be happy to get your funds.