Guarding your experience

Professional opinion: Access Capital Markets scam department


23 / April / 21 Bunsi Shakiramal Visitors: 154 Rating:

Three differences between honest brokers and scammers according to British experts.

Our traditional broker market review today brings up the topic of fraud, and according to accessgroupcapital.com scam is a significant part of trading environment – and every company must protect its clients from this. As for financial scams, we shall remind you that everyone can make money by investing in currencies, but it's also easy to fall into the trap.

According to the British company Access Capital Markets scam happens to hundreds of investors every year. The only question is how quickly a potential victim recognizes a fraudster and can avoid financial losses.

According to experts at Access Capital Markets scam responds to the growing interest in investing

This time we decided to contact a company that operates in London.

Access Capital Markets: Background Information

Access Capital Markets forex broker first entered the financial services market in 2001. The company began to work as a brokerage after almost ten years of successful mediation in various issues of funds investments and generating income.

In 2014, the company received its first award as a Forex broker. The clientele was then almost entirely British, although residents of other EU countries got interested as well.

In 2019, the broker added the expansion to the market of Eastern Europe into the strategic development plan, but it was necessary to reconsider the working conditions, since the local investors did not have either the experience or the massive capital, like the British. The final decision to reach clients from the CIS was made only in 2020: due to the growing interest in Forex trading during the pandemic.

You can get more advices on trading, exchange rate differences, forecasts and signs of fraud in person from the company's experts - by contacting the company's support service or by calling the hotline.

Pay attention to the broker's legal address: London, commercial office high-rise.

Provided by Access Capital Markets scam check on 3 differences

According to the company's specialists, there are three main differences between honest brokers and scammers. Two of them can be identified during the first acquaintance with the company's website, the third is revealed after the start of negotiations with managers.

Accessgroupcapital.com scam check: Honest broker offers simple registration

Usually, communication between a client and a company begins after registering on its web resource. Less often, the client writes an email or calls the company. Registration by itself does not mean opening an account, depositing money, or starting trading. This is only an initial acquaintance, when the client leaves his data and waits for the manager to contact him.

On the accessgroupcapital.com website, when registering, a client can immediately indicate which type of tariff he is interested in. He just chooses one of the tariff plans in the "Account Types" section and clicks on the "Register" button.

Important: the registration form does not require any financial spending, therefore no confidential customer data is required there. Unfortunately, there are some “brokers” appeared online who want the client to indicate his credit card details or other bank account details (supposedly for ease of calculating the money earned by the client on Forex) in the registration form. Usually, you can provide bank account data at the time of depositing or withdrawal of funds after the transaction is closed, so why do they need it at the time of registration? The reply simple: a fake broker wants to get the client's data in order to hack his card with the help of fraudulent software or otherwise use the obtained information.

In addition, most brokers use the procedure where the client opens an account with the company, where he independently credits any amount of money he needs. You do not need to provide details and other personal information in registration form.

However, we note that a company that is limited only to registration (without verification) also does not look reliable. All European brokers are required to comply with anti-fraud legislation (AML), otherwise they simply will not be able to obtain a license. Verification usually takes place after the client has registered, talked with the manager and decided to sign the contract.

Fair distribution of services and opportunities, depending on the tariff

Another potentially dangerous situation happens when unusually broad opportunities are prescribed according to a tariff plan with a minimum investment. For example, the leverage is 1: 1000 with a $ 100 deposit. What does this indicate?

First, that the broker for the first time selects a clientele and uses not entirely honest methods, giving unrealistic promises.

Secondly, that the company may turn out to be a financial pyramid, in which they try to collect as much money as possible from new customers for a short time - and disappear with this amount. As a rule, no financial services are provided.

An honestly working company allocates the resources of its team according to the investments and requests of the clients. That is, at VIP rates, several top specialists can be connected to work with investments, open a large leverage, insure all transactions and give access to the company's financial reserves. While at the rates for beginners or just traders with small amounts of investment, limited functionality is provided with a clear number of instruments specified for trading assets and one account manager.

You can find out more about the difference in tariff plans on the brokerage company's website like . For example, there’s no sign of accessgroupcapital.com scam: the "smallest" plan ($ 250, the "Novice" tariff) provides trading in currencies, and provides a limited number of instruments with limited leverage.

Fair working conditions: accessgroupcapital.com scam analysis

The manager cannot promise or advise the client how to invest on Forex successfully and with no risk. Such promises do not fully comply with the law, because in fact the broker can only give recommendations, and the client is fully responsible for his actions. This must be clearly understood before deciding to follow any advice. Usually, all the terms of cooperation are spelled out in the "User Agreement", documents regulating the return of money and transactions in high financial risk.

It is important to familiarize yourself with these documents, even if this is not your first time cooperating with a brokerage company - after all, each may have its own nuances.

You must also understand that there are different types of investment: for short-term earnings and for the long term. The choice depends on the market, the type of assets, the amount of investment, the strategy used.

By the way, according to accessgroupcapital.com scam happens at the stage of the first negotiations with a specialist, if he starts by offering the client to buy a ready-made financial exchange strategy. Usually such offers are made only by scammers, their strategies are not new and not effective, and the purpose of the sale is simply to make money on the gullibility of customers.

Conclusion:

A sober look at the real possibilities and dangers of trading will help to immediately identify scammers. The latter promise a lot, require confidential data or try to sell something quickly from the first minutes. To choose an honest broker, pay attention to the website, information about the company, contacts, tariff plans and documents in the public domain.

More information about Access Capital Markets scam:

Comments 12

user_avatarNicholson Richard 15.05.2021

"Lucky" to catch the bait of Lime Forex, I registered with their free bonus, and on high spreads I leaked both their "gift" and my deposit. I myself am guilty. I try to trade now with the broker access capital markets, there are no honey traps at all, such as bonuses, promotions or contests. This is exactly the trading system. I topped up three hundred dollars. Leverage 1: 300, relatively low spreads, fixed. It is a pity that there is no insurance on the starting package. Still problematic to call in support from the first time. No demo accounts, training webinars. Slowly gaining momentum, in general, everything suits.

user_avatarTate Thomas 16.05.2021

Had an Alpari account, everything was fine, and just recently something went wrong with the spreads, so I started to lose money out of the blue. Did not immediately understand. Until I went to minus, I took off everything and began to look for an alternative. Chose the broker access capital markets, read all feedback and studied the trading conditions very carefully. At first glance, everything was good. The quotes are not inflated, static spreads, good analytics, there are opportunities for scalping, that is, ordering is fast and without sags. Of course, slippage will be, from this no one is 100% insured, but many problems are solved with the terminal MetaTrader by customization. Little experience is enough to get started, and sensible consultants will help deal with incomprehensibility. No bonuses or intertrader tournaments, I would be pampered. In terms of work, the system is stable.

user_avatarRichard Emil 24.05.2021

The broker is young in the market, but the company has been gathered by pros, it is clear at once. Evidently technical support itself is constantly sitting in the terminal, they know all the nuances and current situations. There are minor points that I would like to improve, for example, to add more options for withdrawal, as well as platforms other than Metatrader, and tournaments, channels for communication with support. And for the work itself, I have no particular complaints, orders are executed quickly, and funds are also withdrawn quickly, regardless of the volume. Stable decent high-hat free broker. I hope, will develop further.

user_avatarRay Edward 03.06.2021

I started trading recently, opened my first real account with access capital markets Forex broker. Before that, I learned from other brokers on demo accounts. Thought that I had gained enough experience to switch to real deals and finally start earning. Under the conditions, everything fits me. There is no chance to drain the deposit on the spreads, they are not high and static. Trade on broker analytics, this is not a shot in the dark, the result is quite predictable. Profit is slowly growing, but I don’t even think it’s too early to switch to a more expensive package. There are four tariffs in total. It seems a little, but me and the starting package is enough. The support earn its keep by 5 points.

user_avatarThompson Paul 20.06.2021

It is rather strange that the broker access capital markets has not yet increased the number of services. Even if you have been on the market for only about two years, it’s time to expand. There is still only one MetaTrader 4 platform, only 4 user packages, it’s still unrealistic to call technical support the first time. Of course, it’s good that the quality of services remains stable too, trading conditions do not change. Spreads were both static and remained. There is no commission for input and output, and the speed of execution and the entire performance of the system has not increased. On this occasion, I have no complaints, there is a profit, and it is real. This is reason enough not to look for another place. I collect my "second salary")) I withdraw 150 bucks every month. However, when will tournaments appear?

user_avatarCross Maurice 29.06.2021

Last winter I moved to the access capital markets from Insta Forex. It did not work out. It seemed everything was good on demos, and on a real account I leaked the entire deposit (( Here we have static spreads and good execution speed, besides a convenient MetaTrader terminal. You can build your strategy, and you can work with their analytics. With experience it becomes clear what exactly goes better, everyone has his own secret. I compared the prices on the market with others, it turns out that everything is approximately the same. I mostly looked at my EUR / USD pair. There is still such a fat minus, I have never been able to call in the morning in support so as not to wait on the line for 5-10 minutes. They compensate by the level of knowledge and their perseverance. In general, it would be more convenient to screw the online chat directly to the site or make an account in a messenger or Skype, because sometimes there are very urgent questions. My rating is four.

user_avatarReed Robert 13.07.2021

My review. The advantages of access capital markets broker: a stable working system, without cliffs, good analytics, fast withdrawal to any volume, prompt execution of orders, not inflated quotes, static spreads, MetaTrader 4 platform. Cons: few communication channels with support, the site is not updated, no contests and tournaments, no demo and micro accounts, for beginners there are no training videos or webinars; and in general, the financial instruments here are exactly the necessary minimum and that's it. Overall impression: not a kitchen, not a scam, made by experienced specialists, there are prospects, you can trust them, but they need to develop.

user_avatarMontgomery Joshua 14.07.2021

At the first meeting with the broker access capital markets everything seemed even somehow suspiciously easy. I was registered in October, very quickly, credited the account and trade immediately activated. The speed is very good, you can scalp, you can master the crypto trading, there are all the necessary currency pairs, the support works perfectly. At the first communication, the manager explained that the account verification will have to be completed only at the first withdrawal, and all documents are signed for the first and the last time. All issues are resolved via the Internet. Input and output without commission. You can withdraw on the card, on the wallet, and on the bank account, but it takes longer. It takes a half of hour or a hour to withdraw on the card without hitches. In general, I am satisfied with the trading conditions, although one could add something. For example, competitions, bonuses, choice of platform.

user_avatarBlake Nicholas 04.08.2021

Checked in with access capital markets broker in mid-autumn. Carefully studied the forum reviews and private feedback. Certain experiences because of the youth of the company, of course, were. But as it became clear, youth is not always equal to inexperience. I read that the company was created by experts, traders with many years of practice. Yes, and the reviews were positive to a greater extent. I thought that I can always leave without much loss and decided to take a chance. Initially I was looking for an option with comfortable conditions for my positions, a stable connection and a reliable system. In general, not disappointed. All as they wrote. Competent support, polite educated managers. MetaTrader 4 trading platform with flexible settings. A large list of traded areas, including the 50 most important currency pairs. I was completely satisfied with spreads, quotes and speed. The deals are real, it's not the kitchen and not a scam. With local analytics, I quickly became a steady profit.

user_avatarHubbard Noel 15.08.2021

In late January, I changed the broker due to technical problems. I did not wait for everything to be ruined there. It just became clear that to withdraw money through 3 days and be afraid that the replenishment will go in a day or more is a complete hopelessness. In addition, all transactions began to slow down and fly. I decided to uncover for a while my fallback, the young broker access capital markets. I worked for a month and thought that perhaps I’ll still stay here. Such a surprise. The system works quickly, clearly. Deald open / close in a couple of seconds. Some minutes are spent on input. The output takes about 50 minutes. I withdrew only once on the card, for the entire it took half an hour along with the bid. You can also withdraw to your wallet and bank account, but here the bank can do everything for a long time. Opened at the simplest tariff for $ 250, there is only one MT 4 trading platform, good scalping, news trading, static spreads, adequate quotes.

user_avatarGriffin Dale 21.08.2021

Six months ago, I lost a deposit on my own stupidity at one of the famous brokers. There was an action in honor of some anniversary and distributed welcome bonus connections. I did not understand the conditions, I just fell for advertising. And then everything was lost due to unstable spreads in the end. It was hurt. For a long time after that I blew on the water and went over the new options more carefully. I took a couple of brokers, now most of all I trade with access capital markets. Conditions do not change here, spreads are fixed, do not disperse, and quotes are slightly lower compared to the market. Even in stormy periods, the system works stably and only the speed decreases a little. There are no hidden fees, everything works in a transparent and predictable way. Managers behave tactfully and benevolently. The order execution is good. Broker does not distribute any bonuses. In general, broker does not seem to bother with promotions, competitions and tournaments. Everything is fundamentally tuned to get a smooth profit. The site is rarely updated and there are not enough more modern ways to connect with support.

user_avatarDoyle Anthony 27.08.2021

Now I trade with access capital markets. Broker as a broker, the usual conditions, static spreads, fairly quick execution. I came because of the positive feedback and general opinion on the forum about the creators' professionalism. From the moment of registration, there are no improvements as such, the conditions do not change, the site is very simple without excesses. Everything is very spartan. Four tariffs. Customizable platform MetaTrader 4. There is a fairly large selection of trading positions, just see: 50 key currency pairs, cryptocurrency, raw materials, food, energy. Leverage 1: 300, all instrumental for successful scalping, tech support works around the clock. A sense of reliability and thoroughness, of course, is probably the most important thing. Well, the profit is growing.