Overview of Matrix Capital Trade Review:
Matrix Capital Trade claims to be a very successful brokerage firm that is based out of the US. In the first look, their website seems absolutely amazing with claims to have helped over 20,000 traders in making money and several other awards that they have proudly stacked on the home page of their website. Furthermore, Matrix Capital Trade promises its customers low spreads, high leverage, and attractive bonuses to all those who join the firm. However, Matrix Capital Trade is not at all what it claims to be. Read on to know all about the Matrix Capital Trade scam in this Matrix Capital Trade review.
About Matrix Capital Trade:
In this section, we would be discussing in detail the offers and demands met by Matrix Capital Trade.
Matrix Capital Trade Regulations:
On their website, Matrix Capital Trade gives out a very nonspecific address. The company claims to have its office in Queensbury, USA. However, the company fails to be specific about the address which makes us a little suspicious as to why the company is not being clear about the address. Secondly, to acquire a license in the USA, the brokerage firms must have registered with both the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Not so surprisingly, Matrix Capital Trade does not have a license from either of the regulators. Furthermore, issuing a license is much harder in the US, as the regulators ask for the company to have a minimum of $20 Million as the net capital. Therefore, only the best brokers have a registration from the US. Till now, it is clear that Matrix Capital Trade does not have a license from the US and therefore, is UNREGULATED. This gives us the first red flag against the Matrix Capital Trade scam in this Matrix Capital Trade review.
Matrix Capital and Trade Money Making:
Can you make money with Matrix Capital Trade? No, The fact that Matrix Capital Trade does not have a license is enough to prove that customers cannot make money with the Matrix Capital Trade scam. If you look further into the website, you would realize that the company actually reveals nothing about their trading procedure or conditions which keeps us in further shade from the Matrix Capital Trade scam. This gives us the second red flag in our Matrix Capital Trade review.
Matrix Capital Trade Trading Software and Demo Accounts:
Yet another red flag against the Matrix Capital Trade scam in this Matrix Capital Trade review is that the company does not offer a demo account to its customers. The company also doesn’t use popular trading platforms but a proprietary-based platform.
Matrix Capital Trade Minimum Deposits, Leverages, and Spreads:
Matrix Capital Trade demands a minimum deposit of $250. Now, this is a very common minimum deposit that is asked by the scam brokers and hence adds one more red flag against Matrix Capital Trade scam in this Matrix Capital Trade review.
The leverage that Matrix Capital Trade scam broker offers is up to 1:500. This is a clear indication of a scam being run cleverly behind the oh-so-good broker image.
Regarding the spreads, the Matrix Capital Trade scam does not reveal their spreads on their website. This is a clear indication that the company is trying to hide something.
Conclusion: Is it a Scam or Legit?
To sum up, all that has been said above, we can safely say that Matrix Capital Trade is a complete scam. We request our readers to be extremely conscious while trading or investing with Matrix Capital Trade scam broker.