ImportCapital Review – Exposing Broker Scamming Network

If you have come across the ImportCapital broker, you should avoid it like the plague since it has a role in a fraudulent project involving a group of illicit brokers. Namely, ImportCapital is a part of Incendiary Group Ltd – a notorious organization that is together with its other subsidiary company blacklisted by major watchdogs. 

Aside from this, ImportCapital trading conditions are as poor as this shady brokerage firm. So please continue reading this ImportCapital review to find out more about this fraudster and avoid becoming a victim.

Additionally, we strongly advise you to avoid the fraudulent brokers SevenSeasFXBCH Advance, and iToroStocks.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites:
Blacklisted as a Scam by: CONSOB, CNMV, FCA
Owned by: Incendiary Group LTD
Headquarters Country: Dominica
Foundation year: 2021
Supported Platforms: MT4, Mobile app
Minimum Deposit: 250 USD
Cryptocurrencies: No
Types of Assets: Forex, commodities, shares, indices 
Maximum Leverage: 1:200
Free Demo Account: No
Accepts US clients: No

report a scam.

Is ImportCapital a Licensed Forex Broker?

ImportCapital is far cry from a licensed forex broker but is an unregulated and unlicensed brokerage company that poses a significant risk to traders. Although you will not find any official warnings against this phony broker, it is the opposite when it comes to its holding company.

According to its website, ImportCapital is owned and operated by Incendiary Group Ltd, a business entity registered in Dominica. This parent company is behind another investment scam – Meteor Trade, also based in Dominica. Main European financial authorities (British FCA, Italian CONSOB, Spanish CNMV) have issued warnings against both of these companies. That implies that ImportCapital is also a broker scam.

Why Is Trading On a Licensed Broker’s Platform Preferable?

In contrast to unauthorized businesses, accredited companies offer many benefits. This ranges from funds protection and guaranteed withdrawals to favorable trading conditions and safe trading platforms.–

On top of that, traders of brokerage firms licensed under leading financial authorities – such as FCA, BaFin, and ASIC –are covered by indemnification programs (up to 100,000 USD). In addition, as per licensing requirements, certified forex providers must comply with strict rules such as implementing risk management mechanisms (negative balance protection and segregated accounts), providing a safe trading environment (a leverage ratio pursuant to allowed maximum, transparent withdrawal process, and fair bonuses), and maintaining enough operating capital (several millions of dollars).

So Is ImportCapital a Decent Broker or a Scam?

ImportCapital is an unlicensed and unregulated broker, operating under Incendiary Group Ltd that runs scamming schemes and is blacklisted by several financial authorities.

Warnings From Financial Regulators

ImportCapital Warning by CNMV

As we have already pointed out, Incendiary Group, Meteor Trade, and ImportCapital are part of the same sophisticated scam exposed by several watchdogs.

This includes the British FCA that warns against Meteor Trade as a clone of an FCA-licensed broker. Also, Italian CONSOB and Spanish CNMV have put Incendiary Group on a list of scam companies. Overall, we urge you not to deal with any of these fraudsters.

What Trading Software Does ImportCapital Offer?

Despite the fact that this unscrupulous broker promises to trade on MetaTrader 4, it is a bunch of nonsense. By doing so, it just wants to lure people into trading.

Although MT4 is one of the best trading platforms out there, scam brokers like ImportCapital don’t offer it. This fake brokerage firm provides inappropriate trading software, a web trader that can’t hold a candle to MT4, and other advanced programs such as MetaTrader 5, cTrader, and Sirix.

Mobile Trading Platform

Pretending to be a legitimate brokerage company, this dishonest scam broker offers a mobile trading application. However, it is another pack of lies.

When you visit the ImportCapital website and click to download the app, instead of being redirected to the software download, you are redirected to a sign-up form. This implies that there is no such thing as an ImportCapital mobile trading app (we checked both Google Play Store and Apple Store) and that this con artist just wants to take your information and use it for unsolicited calls and spam emails.

Trading From Browser

We have already said that MT4 is not available at ImportCapital. This great platform can be accessed from different devices – as an internet-based trading platform or a desktop and mobile version. So, in the case of ImportCapital, traders can only use its below-average browser-based platform. The ImportCapital web trader lacks trading tools for successful and safe trading like stop loss, copy trading, expert advisors, and so on.

ImportCapital Accounts Overview

ImportCapital Accounts Types

Speaking of ImportCapital accounts, there are several options.

  • Mini: 250 USD minimum deposit, 1:50 leverage
  • Standard: 500 USD minimum deposit, 1:100 leverage
  • Classic: 1,000 USD minimum deposit, 1:100 leverage
  • VIP: 10,000 USD minimum deposit, 1:100 leverage
  • Pro: 25,000 USD minimum deposit, 1:200 leverage.

The thing that attracted our attention is restricted access to tradable assets for all account holders, even for the most expensive account (Pro account). For 25K USD, a trader expects to get full access to products. This is just one more proof of how unprofessional, fraudulent, and inept this broker is.

Affiliate Program

Regarding the affiliate program or a partnership offered by ImportCapital, it is nothing more than a decoy. So, how does this promotion work? You get cash rewards when you bring other people to invest with ImportCapital.

In other words, this fake broker encourages you to do its dirty work. Due to misapplications of bonuses, they are prohibited by many supervisory bodies.

Negative Balance Protection

Apropos of negative balance protection, as explained, this option is provided by regulated brokers to mitigate risks arising from trading. It enables traders to save investments by preventing them from losing more than initially deposited.

Regardless of the fact that ImportCapital guarantees negative balance protection, it is another falsehood. Keep in mind that scammers don’t want to limit your deposits or save you from losing money.

ImportCapita Range of Trading Markets

When it comes to trading instruments provided by ImportCapital, there is apparently access to four markets.

  • Shares: Microsoft, Facebook, Google
  • Indices: NASDAQ, Dow Jones, FTSE
  • Commodities: gold, crude oil, corn.

As you can notice, there is no offer of crypto assets. Anyway, considering the fact that it is a cyber fraud, this offer is good for nothing. If you want to trade safely, do it with credible companies.

ImportCapital – Countries Of Service

In terms of the area of operations of ImportCapital, it is not authorized to provide services anywhere. However, this bogus broker is scamming traders from

  • UK
  • US
  • Portugal
  • Austria

If you are a trader based in any of these countries, be aware of this illegal brokerage firm and its dirty tricks. Also, remember that brokers based or providing services in the UK, US, Portugal, and Austria, must be approved by FCA, SEC, CNMV, and FMA.

Also, avoid the trading frauds AlphaPrimeInvest Kingdom, and HubbleBIT at all costs! Moreover, before investing, always look into the past of internet trading firms!

Leverage, Minimum Deposit, and Fees

Concerning leverage, ImportCapital provides a 1:200 leverage ratio to entice traders. That is because leverage is an effective instrument for making profits. So, in this case, for every invested dollar, you get 200 USD. However, be careful with this tool since as much as it is good for earnings, it is also risky. For this reason, many jurisdictions restrict leverage (1:30/UK and 1:50/US).

About the minimum deposit, this broker requires 250 USD for starting trading. This is several times higher than the industry standard. In contrast, you can open an account with a legit broker for as low as 10 USD. In addition, trading fees are not revealed by ImportCapital, but we are sure that they are not favorable.

What Is Known About ImportCapital’s Trading Conditions?

With reference to trading conditions, phony brokers apply many malicious tactics to rope you into investing and one of them is manipulating terms of exchange. Fabricating a trading environment is also done by ImportCapital. So, any promise coming from this company must be taken with a grain of salt, such as the provision of ultra-low spreads.

Likewise, it misleads people that they can transfer funds to and from accounts without being charged and via credit/debit cards and bank transactions. While these payment methods are secure since they can be canceled, this fraudster doesn’t support them.

Scammed by ImportCapital Broker? – Let Us Hear Your Story

If you are among those who are defrauded by ImportCapital, you should know that you can get your money back. But more on a chargeback in the following section. Before applying for cashback, you should inform the relevant authorities. Also, don’t forget to leave negative ImportCapital reviews to warn others.

But What Is A Chargeback?

If you wonder what a chargeback is, it is a process of retrieving misappropriated funds. With credit cards and bank transfers, it is not too hard since both options can be reversed. However, have in mind that VISA and Mastercard refunds must be done within 540 days while bank transactions must be undone before confirmation. The tougher method to chargeback is a crypto payment. That is why fraudsters prefer crypto wallets.

Anyway, with professional assistance, all means of payment can be reversed. Therefore, contact our chargeback specialists for help.

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