Geneva Capital Group Scam Review
OFFICIAL SCAM URL: www.genevacapitalgroup.com
The Geneva Capital Group broker claims to be one of the best brokers in the world for multiple asset types. Allegedly, this broker allows for crypto, CFD, Forex, stocks, and commodities trading, all with great results. Through extensive research, we found many concerning scam factors and red flags, which is what this Geneva Capital Group review is all about.
Geneva Capital Group Scam Factors
When it comes to the Geneva Capital Group Broker, we came across no less than 8 very telling scam factors which indicate that this broker is indeed a complete rip off. Let’s take a look.
First off, we discovered that the Geneva Capital Group broker is completely anonymous. There is not a single mention of who may be in charge of this broker. We are not provided with any information about company ownership, a CEO, a board of directors, or anything else of the sort, just nothing.
This is therefore a completely faceless and anonymous broker. This is always an indication that there is something shady going on. Why don’t these people want us knowing who they are? The only reasonable explanation for these people staying hidden in the shadows is that they are up to no good.
The next red flag which popped up here has to do with the Geneva Capital Group’s contact information. There are 2 phone numbers provided, 1 for German speakers and 1 for English speakers. Sure, this sounds great, but it’s all for nothing. We tried calling both of these phone numbers, and nobody picked up the phone!
We also attempted to email these guys using the provided email address, but nobody responded. Moreover, we did also try using the live chat function, but this did not work at all. From what we could tell, the “live agent” was nothing more than a computer algorithm spitting out random responses.
In other words, there is no legit contact information available for this Geneva Capital Group scam broker, another indication that something shady is going on here.
Next, we are told that this Geneva Capital Group broker is located in St. Vincent and the Grenadines. We are also provided with an address for the company office. Well, we looked up this address on the map, and while the address does exist, technically speaking, it does not belong to this broker. It’s just a lie.
Moreover, we tried finding the company registration details for St. Vincent and the Grenadines, but came up empty. As far as the world is concerned, this broker is not actually registered in this country at all. It’s nothing more than a lie. In fact, this company is not registered in any country on this whole planet. It’s a completely fraudulent business, not even a real company at all.
Yet another Geneva Capital Group scam factor which came to our attention has to do with company licensing. This is supposed to be a broker providing financial investment services. They claim to handle everything from Forex and CFDs to cryptocurrencies, stocks, commodities, and more.
A broker of this nature requires the proper type of licensing to provide financial investment services to any customers.
Well, a quick check revealed that there is not a single regulatory body or licensing agency in the world which has ever granted this broker a license. In other words, this is a totally unregistered, unregulated, and unlicensed broker. It has absolutely no legal standing or authority and it has no right to be touching your money.
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Geneva Capital Group Trading History
Something that is extremely suspicious about the Geneva Capital Group broker is that it has absolutely no trading history. The website displays absolutely no trading history, and we also couldn’t find any through our research. This broker claims to have been active and successful for years, yet there is absolutely no evidence of such. Talk about being suspicious and shady!
The Education Center
What is completely ridiculous about this Geneva Capital Group broker is how they claim to offer people with education about various asset types, such as CFD, Forex, and more.
However, if you take a look at this so called “education”, you will see that it’s all bogus. It’s either completely false or just basic facts that can be found through a simple Google search. There is nothing educational to be found at www. genevacapitalgroup.com.
Geneva Capital Group Accounts
Yet another red flag that popped up has to do with the various trading accounts. There are a total of 6 possible accounts to sign up for. The suspicious aspect here is how there is a 5,000 Euro minimum deposit, even for the lowest account level.
In case you are not aware, the acceptable minimum deposit amount, the set industry standard, is $250, far lower than the 5,000 Euro minimum set here. It’s not ethical, it’s not really legal, and it’s definitely an indication of a scam.
An Unsecure Platform
What also came to our attention here is that the trading platform which genevacapitalgroup.com provides its members with is not secure. This is a custom-made platform specifically designed for this scam broker. It features absolutely no encryptions or security measures whatsoever. It is 100% unsecure. Make no mistake about it, because this is purposely done to make it easier for these anonymous crooks to steal your money.
Geneva Capital Group – No Withdrawals
One of the most telling Geneva Capital Group scam factors has to do with the fact that this broker does not allow for withdrawals. One trick they use here is to provide big welcome bonuses to people. Then, when users go to withdraw money, they are told that before they can make a withdrawal, they have to deposit enough cash to cover this bonus.
Many people have fallen for this and end up depositing more money, but withdrawals are still not possible after this. We have received numerous complaints about this. The bottom line is that nobody has actually been able to withdraw any amount of money from this scam broker.
A Warning from FINMA
Finally, FINMA, the Swiss Financial Market Supervisory Authority, has issued a warning stating that the Geneva Capital Group broker is a scam. This is all the proof we need to confirm that this broker is not legit.
Geneva Capital Group Review – Final Thoughts
At the end of the day, the only thing which needs to be said about the Geneva Capital Group broker is that it is a scam. The only purpose it serves is to steal money from people and nothing more.
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