The brokerage firm Venz Capital was established to assist traders, and it even calls itself an industry-leading broker. All this can be found on the official website, so it’s not a figment of our imagination. However, is it true? Despite the boldly claimed 60,000 clients, online reviews are few and far between. Moreover, a specific legal address, including contact details, is somehow not provided. License, duration of operation, and business model have also been conveniently ignored. It doesn’t seem like the company was created to help users; rather, it appears quite the opposite, for a scam.
Table of Contents
Highlights
| 🏛️ Country | Poland |
| ⚠️ Regulation | – |
| 🖥️ Website | https://venzcapital.pro/, https://venzcapital.co/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $300 |
| ⚖️ Minimum and Maximum Leverage | – |
| ⚙️ Trading Platform | WebTrader |
| – | |
| 📞 Phone | – |
First Impression of Venzcapital.co
As usual, let’s first talk about the official website, as it’s the first thing a potential client encounters. Can this website be described as high-quality, beautiful, stylish, and useful? Hardly.
The resource suffers from a lack of useful information. The broker reveals nothing about itself. The “about us” section contains only a few paragraphs stating that it is a CFD platform and how it strives to care for its clients. However, there is no mention of the foundation date, address, management’s names, business model, or license. What kind of website is this? Venz Capital is playing some sort of silent game with its users.
The same can be said about design. The firm uses images of statues from ancient times, adorned with elements of the modern world, such as sunglasses or smartphones in their hands. The background is dark blue, and the font is white. In general, Venz Capital has not created anything interesting or unique.
Additionally, the site has been translated into German. Visitors have access to several main legal documents, such as the user agreement, AML&KYC policy, risk disclosure, and others.
Partnership and Bonuses
Thanks to the official website, we know that Venz Capital offers both an affiliate program and welcome bonuses. The size of the bonus funds ranges from 5% to 25% depending on the tariff plan chosen by the trader. However, one should not think of it as free money because to withdraw the bonuses and the profits obtained with their help, the client must make trades exceeding this amount by 25 times plus the deposit amount. So, it’s not all that easy and simple.
The conditions of the affiliate program remain unknown to us. Perhaps managers decided there’s no need to disclose the terms regarding cooperation.
Account Opening on Venzcapital.co
We have acquainted ourselves with the official website. Now, it’s necessary to explore what the personal account area of Venz Capital looks like and what opportunities it opens up for users.
For this, one needs to click on “Sign Up” on the homepage. However, the account registration form does not open. The browser displays an error: “The site venzcapital.cc does not allow a connection to be established.” What does this mean? We tried changing the IP address using a VPN, switched browsers, and even cleared cookies. The system still does not allow us to create a personal account. It’s curious whether the company is aware of such a problem or if it’s done on purpose.
Interestingly, the website provides instructions on how to start trading: open an account, fund the deposit, and begin trading. However, customers encounter errors right at the first step.
Verification
Venz Capital requires all its clients to undergo a verification procedure. For this, traders must provide several documents verifying their identity, place of residence, and ownership of a bank card. The entire KYC procedure is described in the corresponding policy. Moreover, processing documents can take up to 24 hours.
We advise not to rush into providing such important personal information without thoroughly checking the broker. It’s unknown whose hands your documents might fall into.
- The KYC procedure is described in detail on the website.
- It is not known if it is convenient to upload documents.
- The firm requires a photo of the bank card.
Trading Software
Venz Capital highly praises its trading platform, calling it great, user-friendly, and completely customizable. From the description on the official website, it’s known that the terminal supports one-click trading, compatibility with all devices, including Android/iOS smartphones, 16 indicators, 24 graphical tools, and auto-trading. There are no links to download the mobile app, so presumably, the platform is merely adapted for mobile browsers, which does not fully substitute for a separate app.
However, these are just words on the official website. Since we cannot register an account, we also cannot verify what the terminal actually looks like. The firm clearly exaggerates the capabilities of its platform, as brokerage firms do this constantly. There’s no other option but to trust the broker’s words, albeit unwise.
| Features | Venz Capital | Millbankcapital | Rigel Capital Partners Limited |
|---|---|---|---|
| Demo Account | ✔️ | ❌ | ❌ |
| Mobile App | ✔️ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Venz Capital?
Customers have access to several main asset classes: Forex, commodities, stocks, and indices. For some reason, cryptocurrencies are not included in this list. Meanwhile, it is a CFD platform, so all instruments are traded in the form of contracts for difference. Futures and spot trading need not be considered.
All Info About Accounts
Venz Capital offers its clients a choice of four tariff plans:
- Simple. The minimum deposit is $300. Suitable for beginners, it includes a welcome bonus of 5%, floating spreads, no commissions, negative balance protection, and 24/5 support.
- Pre-advanced. Requires a replenishment of $3,000 and more. A higher bonus is offered, and assistance from a personal manager is available.
- Advanced. At least $15,000. It differs from the previous ones with an increased bonus and the presence of signals.
- Professional. The last tariff with a minimum deposit of $25,000. Personal service.
The minimum amount for transferring money, as stated in the FAQ section, is $100. However, is there a point in initially transferring an amount less than $300? After all, this is the threshold for the first type of account. By the way, it is a fairly high value, especially in comparison to other popular brokers that provide access to the platform even to those with only $10. In this respect, the project does not seem particularly customer-oriented or competitive.
We have already discussed how the company is quite secretive. This characteristic is also evident in the description of trading conditions. Many important parameters, such as the size of spreads and leverage, are not specified. It is impossible to determine whether it is beneficial to cooperate with Venz Capital or not.
We also observe other disadvantages and shortcomings. For example, the absence of commissions hints at a business model in which the company earns money when traders lose theirs. Moreover, there is no demo account or Islamic tariff available. Additionally, the overt attempt to extract more money from clients is conspicuous. Want personal manager assistance? Top up your deposit by at least $3,000. Want to trade with unlimited signals? Please be prepared to fork out $15,000.
- Not found.
- $300 is a high minimum deposit.
- No demo.
- Hidden trading conditions.
Market Analysis and Education With Venzcapital.co
Venz Capital did not provide traders with useful additional tools. The company decided it was sufficient to attach a line with online quotes on the main page of the website and explain what Forex, commodities, stocks, and indices are. Indeed, why would clients need such useful widgets as an economic calendar and a news feed? Why would beginners need the basis of free educational materials and other useful resources?
Deposit, Withdrawal, and Fees
The broker allows deposits and withdrawals only by two methods: bank wire transfers and credit/debit cards. Meanwhile, e-wallets and cryptocurrencies, although popular money transfer methods nowadays, are not mentioned. Venz Capital accepts not only USD but also EUR or GBP with automatic conversion to USD.
No fees are charged for deposits/withdrawals. However, how this is actually implemented is unknown. The platform also does not specify the processing time for withdrawal requests.
| Features | Venz Capital | Integra Asset Management | InternationalReserve |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ✔️ |
| Crypto Transfers | ❌ | ✔️ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
Can a broker that hides contact information be considered safe? Yes, Venz Capital does not provide an email address, and both telephone and online chat are missing. Users may try their luck and send a message to technical support through a special form in the “contacts” section.
- Not found.
- No contact details.
Is Venz Capital Dangerous?
Does anyone still have doubts that we are dealing with a suspicious and quite dangerous brokerage firm? The platform looks overwhelmingly negative. Its lack of transparency gives clear hints of fraudulent activity. And to definitively judge this organization, we need to find out when it was founded and whether it holds any license at all.
How Long Does The Broker Work?
Unfortunately, the founding date is not mentioned, but we can guess when Venz Capital began its brokerage activities. For example, no online broker can operate without a website, so we can check when the domain venzcapital.pro was registered. This happened in May 2023, which means less than a year ago. Given the sparse number of reviews on the internet, the firm is unlikely to have existed for long.
Please note that the broker’s website is currently located at https://venzcapital.co/.
How Is Venz Capital Regulated?
There is also no mention of regulation. Meanwhile, even the legal address is not provided. In the user agreement, we found a mention of Polish jurisdiction, so it is likely that our subject is registered there. Therefore, we will try to find a license from the KNF, also known as the PFSA.
Alas, no such organization was found in the KNF. Venz Capital is even absent from the registry of legal entities in Poland. And where is the broker actually based? And does it really exist? However, this is no longer important, as we have found out that the firm operates illegally.
| Features | Venz Capital | MWM Group | Stockoza |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
Kevin Berry Keep your money far away from this blatant scam. Any investments in Venz Capital will turn to dust. Just some anonymous swindlers have created a semblance of a brokerage company in hopes of stealing money from trusted traders. However, I believe that on our planet, there hasn’t been a person who would trust these fraudsters with even $1. There are absolutely no guarantees, even the terms are hidden. Scambroker cannot compete with other platforms. There’s nothing more to add, I hope everyone understands that this is outright fraud.
Venz Capital rating
3 reviews about Venz Capital
I agree, they are scammers. They don’t even have a license. Any firm with a license will provide the name of the regulator, the license number, and even links. But here, nothing, not even contact information is available.
If you ever receive a call or a message from these fraudsters, you can confidently hang up the phone and add their number to the blacklist. Scammers operate using an old fraudulent scheme. They search for potential victims who can be easily tricked into parting with their money and then actively process them. As soon as the victim transfers the money, that’s it, the scammers forget about her, as their goal has been achieved. If you don’t want to fall for the bait of scammers from venz capital, then do not interact with them. By the way, this rule applies to any “broker” who calls/writes to you first.
It’s not worth risking your money and getting involved with a fraudulent firm named Venz Capital. I sent a message to these scammers, but they haven’t replied, even though it has been over a month. So, there’s no point in trying to start cooperation with this fake platform. Why bother? After all, you can open a brokerage account with a reliable organization that has licenses, extensive experience, insurance, partnerships with other companies, and so on. Let the scammers suffer from having wasted their time and not being able to deceive people for money.