Promising direct access to bank liquidity, Signet Capital seems to have an enticing offer up its sleeve. However, we’re not buying into their claims and are ready to expose the truth behind this potential scam in our review.
Table of Contents
Highlights
| 🏛️ Country | Seychelles |
| ⚠️ Regulation | — |
| 🖥️ Website | https://signetcapital.cc/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2022 |
| 💲 Minimum Deposit | — |
| ⚖️ Minimum and Maximum Leverage | — |
| ⚙️ Trading Platform | WebTrader |
| support@signetcapital.cc | |
| 📞 Phone | — |
First Impression of Signetcapital.cc
The official website of Signet Capital is nothing short of abysmal, to put it mildly. While the creators made an attempt to spruce it up with some animation on the homepage, the rest is simply horrendous. Interestingly, the website is only available in Russian and English, as if there are no other languages spoken in Europe anymore. Quite strange, considering Signet Capital claims to operate quite in Europe.
However, that’s not all. The broker’s terms and offerings are practically non-existent. There is a severe lack of information about the company itself. And the cherry on top is the mobile version of this monstrosity. It’s evident that only a handful of dollars were invested in its development. Such a resource can hardly be called the website of a reliable broker.
Partnership and Bonuses
It’s worth noting that Signet Capital conveniently avoids directly mentioning anything about its partnership program. However, during the registration process, we noticed a promotional code field. This implies that the broker might indeed have a partnership program, as the promotional code is optional. It could be used for bonuses or be relevant to referrals.
Account Opening on Signetcapital.cc
The registration process with Signet Capital follows a standard procedure. Users are required to provide basic personal information such as name, email address, and phone number. However, one of the negative aspects is that Signet Capital does not verify the provided email address or phone number, which raises concerns about the authenticity of registered users.
Once registered, users gain access to their Client Portal. However, it is important to note that the personal account of Signet Capital falls short in comparison to other platforms. In the personal account, users can view their trading results, make changes to their profile information, withdraw funds, deposit funds, and undergo verification procedures.
Verification
The standard verification process at Signet Capital typically involves submitting certain documents to confirm the identity and address of the user. This may include providing a valid government-issued ID, proof of address (such as utility bills or bank statements), and sometimes additional documents related to financial transactions. Once the documents are submitted, the broker reviews and verifies them.
- Verification is required.
- Deadlines for reviewing documents are not specified.
Trading Software
The trading platform also has limited functionality, as users can only utilize the web interface. Despite the website stating that the terminal can be downloaded on mobile or desktop, Signet Capital fails to provide links. The terminal itself does not boast an impressive design or user experience. It’s safe to say that expecting something expensive and high-quality from a broker like Signet Capital is unlikely.
| Features | Signet Capital | RannForex | GensMarkets |
|---|---|---|---|
| Demo Account | ❌️ | ✔️ | ❌ |
| Mobile App | ❌ | ✔️ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Signet Capital?
Speaking of which, Signet Capital falls into the typical category of a CFD broker. Let’s explore what it actually provides access to.
All Info About Accounts
Let’s start with so-called bank liquidity, which seems to be a persistent buzzword. In other words, Signet Capital implies that client orders will be sent to the interbank market. Sure, just like we’re all Daily News reporters here.
Meanwhile, the broker fails to provide any detailed information about its trading conditions. It merely boasts about narrow spreads without going into further specifics. In fact, there’s no mention of minimum deposit requirements or leverage options. Not to mention the absence of a demo account. It’s safe to say that this struggling “broker” certainly doesn’t offer ECN or STP technologies either.
- None.
- Trading conditions are not described.
Market Analysis and Education With Signet Capital
Any educational or analytic services of this broker are suspicious. The individuals responsible for distributing these signals and forecasts are completely unknown figures within the trading industry. On the platform, there is no indication of who comprises the project team. Everything remains shrouded in anonymity. Consequently, these reviews and forecasts hold no value. There is no concrete evidence to suggest that the analysts at Signet Capital possess professional expertise. They don’t even provide any verifiable credentials. It’s evident that this pseudo-broker is solely focused on extracting as much money as possible through its dubious services.
Deposit, Withdrawal, and Fees
On the broker’s website, they mention the option to deposit funds via bank cards. However, within the personal account, there are only options for cryptocurrency deposits and electronic wallets (also cryptocurrency-based). By the way, the processing time for withdrawal requests is not specified.
| Features | Signet Capital | Geratsu | Legends Financial Company |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ✔️ | ✔️ | ✔️ |
| Crypto Transfers | ✔️ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
Signet Capital offers limited communication options, with only a contact form and email provided for contacting. The broker does list an address, but we have doubts about it being a real office address. It appears to be more of a collection of numbers and letters rather than an actual physical location.
- There is an email.
- Lack of phone number.
- No real office.
Is Signet Capital Dangerous?
Signet Capital barely qualifies as a first-rate broker. Their grandiose promises are devoid of any truth, and it’s remarkably easy to expose them.
How Long Does The Broker Work?
The broker claims to process transactions worth $29 million daily on their platform. They also assert that their company has been in operation for a significant period. However, all these claims turn out to be false. There are no reviews of Signet Capital available online before 2022. Domain verification reveals that the website was created very recently. According to the Whois service, it was registered on December 6, 2022. None of this resembles a reputable broker with extensive experience and access to banking liquidity.
How Is Signet Capital Regulated?
It seems that Signet Capital has managed to confuse itself with its own legend. In one section, the broker states that their managing company is the eponymous Signet Capital, authorized by European Financial Security, and an offshore Seychelles-based company called Bright Space Ltd. Let’s dissect them one by one. The latter company is either fictitious or already dissolved, as it is not listed in the Seychelles registry.
As for the authorized Signet Capital, it’s a classic case. You can easily find information online about FISEU, which supposedly regulates them. But, oh dear, what a predicament! This regulator is a fake. Several genuine European regulators, such as BaFin in Germany, have already issued warnings that this portal is actually designed to deceive traders and “authorize” only fraudulent brokers.
| Features | Signet Capital | Sollari | All Capital Trade |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Signet Capital?
Is Signet Capital Legit?
How Risky Is It?
Kevin Berry Here’s a little nugget of wisdom that’ll make you chuckle and, hopefully, save your сash. You see, these fake regulators are like those inflatable arm-waving tube guys you find outside car dealerships – flashy and attention-grabbing, but utterly hollow inside. They’re the latest trend in the world of scammy brokers, trying to pass off as legit with their bogus authorizations. Remember, in this game of financial wits, you gotta be the Sherlock Holmes of the trading world. So, dear friends, always stay skeptical.
Signet Capital rating
5 reviews about Signet Capital
They simply deducted money from my account without warning. Signet Capital had the audacity to blame it on changes in their policies. Yet, somehow, the terms of service have now magically returned to their original state. But when it comes to refunding the wrongfully taken funds, they flat-out refuse. I’m at a loss here.
The website is downright repulsive, just like the platform’s functionality. Seriously, it’s like a masterclass in how not to design a project. You won’t find a more disgustingly executed endeavor anywhere else.
This company hasn’t come up with anything innovative; they rely on typical schemes to deceive traders. What’s more, they lack licenses, proper documentation, and any legitimate right to operate.
These scammers lure in gullible clients with a few profitable but minor trades. But when you dare to deposit a substantial amount, suddenly luck turns its back on you in trading. It’s all thanks to their manipulated trading platform, designed to tip the scales against you.
Let me tell you, folks, diving headfirst into an unverified company turned out to be a colossal blunder on my part. Little did I know that Signet Capital was nothing more than an elaborate charade in the financial markets. Their main goal? To swindle unsuspecting clients out of their hard-earned cash. Withdrawal requests go unanswered. Funds vanish into thin air. And guess what? Seeking legal counsel is as futile as chasing a mirage in the desert, because this “firm” operates outside the realms of legality.