Today, we will check a brokerage firm that immediately appears to be yet another scam. SectorCapitals looks like a platform designed to steal money from traders, rather than a secure Forex broker. In this review, we will examine what is wrong with the licenses listed on the website, what issues there are with the trading conditions, and what other red flags this platform has.
Table of Contents
Highlights
| 🏛️ Country | – |
| ⚠️ Regulation | – |
| 🖥️ Website | https://sectorcapitals.com |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2024 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:1000 |
| ⚙️ Trading Platform | WebTrader |
| info@sectorcapitals.com, support@sectorcapitals.com | |
| 📞 Phone | – |
First Impression of Sectorcapitals.com
If you look at the SectorCapitals website, it’s immediately clear that the design is clearly not up to par. The menu looks like a standard copy of many other websites. Nothing innovative; all the pages are identical, and even the navigation is confusing. What’s the logic in replacing the “About Us” section with a “User Agreement”? The company should have a section explaining who they are, how they work, and what they actually do, but instead, we see a legal disclaimer that provides absolutely no information about the company’s activities.
One could talk about the content for a long time, but to sum it up in two words: there’s too much of it, and it’s completely useless. The texts on the homepage are just a set of template phrases. Everything we read is full of pompous promises and lofty words about “industry leadership” and a “global platform”. Where’s the specificity? Where are the details? Where’s even a single figure or fact that could convince traders that this is a serious player? There’s nothing like that. It’s all just filler designed to distract from real questions and provide no clear understanding of what SectorCapitals actually does.
The images on the website look like they were pulled from Google with a simple search. Generic pictures featuring financial charts, perpetually happy people, and stereotypical photos of “successful investors”. It’s like a one-size-fits-all template that could work for any other broker, but here it looks so artificial that you just want to close the site immediately.
The SectorCapitals website is a complete disappointment. Nothing new, absolutely uninformative and unprofessional. There’s little useful or necessary information, and contradictions are everywhere. It’s hard to understand what kind of company this is or what they represent.
Partnership and Bonuses
The SectorCapitals website openly states that they offer a 100% welcome bonus, but then immediately adds strange disclaimers. According to the terms, if the client abuses the bonuses, the company has the right to cancel both the bonus and any profits made with it.
Additionally, there is an affiliate program, but something about it is clearly off. When registering on the platform, you are asked to enter some promo code, but the program itself is not described anywhere on the site. Where are the terms and what are the requirements for an affiliate?
Account Opening on Sectorcapitals.com
The registration procedure on the SectorCapitals website is quite standard. Once you reach the registration page, you will need to enter the basic information: first name, last name, email, and phone number; create a password, and confirm it. Just like most brokers.
There is no separate personal account here. Instead, some functionality (personal data, KYC, and depositing) is built into the trading platform. This is not a very convenient and safe solution. If hackers gain access to the platform, they will have access to the account and its personal data.
Verification
Verification with this broker is mandatory, but the procedure is not described anywhere. There is no separate document with a KYC policy, only an AML policy. Moreover, the personal account lacks the functionality to upload documents. SectorCapitals doesn’t explain anything that clients need to know: how long the verification will take or how personal data is stored.
- None.
- Details of verification are not specified.
- It is not known how personal data is stored.
Trading Software
The company says very little about its terminal. In the legal documents section, there is an “FAQ” that states SectorCapitals offers MetaTrader 4, but that’s not true. There is no MT4 here. The broker is not listed among the organizations connected to this software. And this entire “FAQ” section looks like a fake, but we’ll discuss that later.
In fact, the broker’s terminal is a primitive web trader. It has an integrated interface from the well-known service Tradingview, but only basic tools for technical analysis and indicators. Clients do not have access to the advanced options of Tradingview. SectorCapitals’ platform does not support professional tools. It only allows for basic technical analysis and order placements, including pending orders.
There is a “Download” section on the official website where users can download an Android app and a PC program. This is unsafe, as such files may contain malicious software. We recommend downloading programs only from verified sources, such as the official store for Android — Google Play Market.
| Features | SectorCapitals | MediaHomeLife | Wiolin |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ✔️ | ❌ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With SectorCapitals?
Judging by the interface of the trading terminal, the company offers forex, commodities, metals, indices, stocks, and cryptocurrencies. These are all CFDs; there are no spot or futures markets. Therefore, it’s quite possible to expect various manipulations from the company, as it’s easy to do with CFDs. The remaining conditions will be examined in the context of the pricing plans.
All Info About Accounts
The trading accounts at SectorCapitals come in several types, each promising different advantages. However, let’s take a closer look at them from a different perspective to understand where the hidden pitfalls lie.
The most obvious issue is the minimum deposit. For the “Standard” account, the minimum deposit required is just $250. For most beginners in trading, this amount might be too high, especially considering the risks involved. The real problems begin with the more expensive accounts. For example, the minimum deposit for the Professional account is already $10,000, and for the Business account, it’s $30,000. Yes, with such amounts, you can expect improved conditions, such as a personal manager, access to VIP events, and bonuses. However, this package system is a classic trick by SectorCapitals to make people strive for the more expensive tiers, creating the illusion that for a lower price, you’ll get much less. It’s just an inflated demand for the more expensive plans, nothing more.
Another important point is commissions and spreads. These are not disclosed anywhere. There’s no information about the commissions the broker will charge, or what spreads traders can expect. This is concerning because spreads could be inflated and eat into your profits, especially with small deposits. Furthermore, it indicates a low level of transparency at SectorCapitals. It’s also highly likely that the platform operates as a dealing desk, meaning it benefits from client losses.
Now, let’s focus on leverage. On one part of the website, it’s stated that the broker offers leverage of 1:200, while on another part, it’s listed as 1:1000. This immediately raises questions. What’s the actual number? Perhaps it depends on the chosen account, but in any case, such high leverage means high risks for the trader. With leverage of 1:1000, you could lose much more than you invested with a single bad market move. This becomes a dangerous game.
In conclusion, it can be said that SectorCapitals has created a multi-tiered account system with inflated minimum deposits and hidden conditions, clearly aimed at attracting users with larger sums. Such behavior doesn’t appear transparent or honest; it strongly resembles other fraudulent firms.
- None.
- No demo account.
- High minimum deposit requirements.
- No spreads and commissions are specified.
Market Analysis and Education With Sectorcapitals.com
The broker doesn’t offer any additional services, apart from those mentioned in the pricing plan descriptions: personal managers, seminars, webinars, and VIP events. However, you have to pay for all these opportunities. So where is anything free? Educational courses or analysis? There’s nothing.
Deposit, Withdrawal, and Fees
The methods for depositing and withdrawing funds are not specified. SectorCapitals does not provide a separate section dedicated to financial transactions. Even in the personal account, there is little information. The client is only prompted to select the country of the bank, currency, and deposit amount.
| Features | SectorCapitals | TradingAICoin | TauraGlobal |
|---|---|---|---|
| Debit/Credit Cards | ❌ | ✔️ | ❌ |
| Electronic Payments | ❌ | ❌ | ❌ |
| Crypto Transfers | ❌ | ❌ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
The contact details here are also problematic. SectorCapitals, just like with deposits/withdrawals, does not provide a contact section. While this is common for brokers, we managed to find two email addresses, but they turned out to be fake. So it’s completely unclear how to even get in touch with the company’s managers. There is no live chat, no phone number, and no real email addresses.
- None.
- Fake contacts.
- It is unclear how to contact managers.
Is SectorCapitals Dangerous?
Everything is too bad and suspicious. This is definitely not a safe and reputable broker, because of the fake contacts, terrible conditions, a primitive platform, and a low-quality website. We now need to check what’s wrong with the licenses and how long the platform has been in operation. After that, we’ll draw conclusions.
How Long Does The Broker Work?
As for the operational period — that’s a good question. SectorCapitals doesn’t mention this, which is actually not surprising at all. The only way to find out at least an approximate launch date for this fraudulent platform is through the domain of the official website. So, the domain was registered on October 28, 2024. Now it’s clear, this project is less than six months old.
How Is SectorCapitals Regulated?
The situation with the licenses is pure nonsense. The firm pretends to be all sorts of things and lists all kinds of licenses. We found mentions of FINMA, Consob, and ESMA. However, all this information seems to be copied from somewhere. SectorCapitals even calls itself a Swiss bank, while it’s just a regular CFD broker. Clearly, it has no such licenses and never will. Its activities are completely illegal. There are no links or license numbers to prove the supposed permissions to operate.
The scammers can’t even decide on the jurisdiction. In one user agreement, they list Saint Vincent and the Grenadines, while in another, they mention the Commonwealth of Dominica. However, the company is not registered in either of these jurisdictions. We suspect that the entire text on the official sectorcapitals.com website has simply been copied from multiple sources, which explains the confusion and mix-up.
| Features | SectorCapitals | Vourteige | Swiss Pay Ltd |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
How to Trade With SectorCapitals?
Is SectorCapitals Legit?
How Risky Is It?
Kevin Berry As an experienced trader, I immediately noticed SectorCapitals’ attempts to cover up its illegitimacy with fake licenses. They present themselves as a “regulated” company, citing various bodies like FINMA and ESMA, but all this information seems like a pathetic attempt to steal legal data from other sources. In reality, we’re dealing with a typical dealing desk broker that operates against its clients. This means that every trade could be set up in a way that causes traders to end up with losses. Under these conditions, the chances of success on the platform are close to zero.
SectorCapitals rating
2 reviews about SectorCapitals
I don’t know how the scammers find their victims, but the fact that this is a trap for traders is true. I read a few reviews. The real reviews are negative comments where victims write that withdrawals don’t work. Then there are fake comments – positive reviews. Don’t even bother reading them. The scammers order such texts to promote the site. So, the conclusion is simple and obvious – sectorcapitals is a scam and fraud.
No, thanks. This is definitely not how a safe and legitimate broker would look. It’s a fraudulent platform, and I’m 100% certain of that. SectorCapitals is just another ugly scam broker, nothing more. They could have tried harder to create a more professional website, but no. Though, perhaps it’s for the best, because even 10 seconds on their site is enough to realize their illegal activities.