DoubleCapitals Review – Unreliable Platform, Hidden Costs, and More Exposed

In an unexpected turn of events, this company positions itself as a major player in forex and financial services. However, a crucial detail is missing – the owner of this supposedly leading firm. This is just one of the irregularities associated with DoubleCapitals.

It’s essential to remain vigilant to safeguard your funds, especially during critical times. We strongly recommend a thorough read of this DoubleCapitals review. Additionally, don’t overlook valuable tips in our Immediate Edge review.

The lack of disclosed legal information, particularly addresses, complicates the verification of their license. Transparency is lacking, and despite claims of being regulated, the license number remains undisclosed.

Upon investigation in Tier 1 regulatory databases such as ASIC, BaFin, FCA, and CFTC, disappointing results emerged. Instead of finding regulatory approval, a warning from BaFin, a stringent regulator, was discovered. A warning from such an institution is not issued without valid reasons.

Primarily focusing on traders in Europe, this investment firm faces an informed audience. Traders from specific countries, including Germany, Switzerland, and the Netherlands, need to exercise extra caution. Those with experiences to share can do so in the comments, allowing chargeback experts to analyze cases.

Negative reviews often lead to investigations and warnings. Trustpilot, in the case of DoubleCapitals, reveals only negative comments, totaling nine. Learning from these experiences can help others avoid similar pitfalls, but those who have fallen victim can seek advice.

A significant letdown is the revelation that traders can access below-average spreads only after depositing 150k EUR. Starting spreads are at 2.8 pips. The absence of information on commissions, overnight swaps, and other fees leaves room for manipulation.

Furthermore, the leverage of 1:400 is unusual for regulated brokers catering to retail traders, raising suspicions.

DoubleCapitals introduces an issue with its welcome bonus, tying it to a specific trading volume. Meeting this requirement involves reaching a trading volume equal to the bonus amount divided by four (in standard lots). This stipulation can be challenging for traders.

The only notable feature offered by this brokerage is scalping, yet even this is questionable considering their web trader offering. Those seeking copy trading, social trading, or EAs are advised to explore other options.

Reliable trading software solutions like cTrader and Meta Trader are absent, leaving doubts about platform manipulation. A web trader, such as DoubleCapitals, is considered unreliable as brokers can modify information, risking frozen accounts.

DoubleCapitals covers various tradeable assets, including Forex, Commodities, Shares, Indices, and Cryptos. This extensive range caters to diverse preferences.

The lack of transparency in account types raises concerns, especially considering the high deposit requirements. Although they aim for a 12.5K first deposit, flexibility might exist. The listed options are Bronze (12.5K EUR), Silver (25K EUR), Gold (75K EUR), and VIP Platinum (150K EUR).

Unfortunately, iOS and Android apps for DoubleCapitals’ platform are unavailable, posing challenges for mobile users.

The absence of a demo account limits the ability to test the company’s features without making a monetary deposit.

While the company does not charge fees for credit card withdrawals, it remains unclear if other methods, such as crypto, incur fees. Withdrawals are processed within 30 days of account opening, potentially prolonged by bonuses.

Poor customer support further undermines trust, with only e-mail and web question forms available without clear operating hours or response expectations.

Several red flags point to concerns about DoubleCapitals. These include the lack of regulation, hidden trading platform and costs, poor customer service, unclear withdrawal processes, and a warning from BaFin. Traders falling victim to the company’s tactics are encouraged to seek guidance from chargeback experts to explore available options.