In the Amitell Capital PTE LTD review, you’ll find the exposure of yet another fraudulent broker operating in the Forex/CFD market. The company promises users the best trading and investment platform, comprehensive support from a team of professionals, and favorable trading conditions. We’ll show you how to identify that the company is deceiving both potential and existing clients. Want to protect your money and avoid becoming a victim of scammers? Then the information below is for you.
The official website of Amitell Capital PTE LTD is a true “masterpiece.” Take, for instance, the loading time of the homepage. It exceeds a minute. Whether this is due to the video in the main banner or the overly cumbersome template used is irrelevant. Regardless of the reasons, such characteristics are unacceptable for the modern website of a reputable company.
But the problems with amitellcapitalltd.com don’t end with its design and loading speed. The content on the pages also raises concerns. For example:
Overall, despite its appearance, the official website of Amitell Capital PTE LTD leaves the impression of a poorly executed facade. Only scam brokers can afford such an attitude. Companies that operate legally and value their reputation would never be so careless with their online “face.”
The company’s contact information is just as noteworthy as its official website. On the “Contact Us” page, visitors will find:
The information presented (or absent) on this page raises some questions:
This last point is particularly odd for a licensed platform. Legitimate brokers usually take every opportunity to attract such a large audience. Only scammers don’t care about this. They prefer direct contact methods with potential clients, such as making cold calls using illegally obtained phone databases. So, which category does Amitell Capital PTE LTD belong to?
Amitell Capital PTE LTD conceals a lot of important information, including details about its trading conditions. To begin with, the pages under the “Products” menu provide almost no descriptions of the markets available to traders. Don’t expect to find essential broker information like contract specifications there, either.
Some information can still be found on the website. For example, we managed to determine that:
The broker has also included some data in the account types table. Here, you can find the minimum deposit amount, spread sizes, and a list of available assets. The company offers five plans in total:
Oddly enough, the broker hasn’t listed additional options in its plans that could attract novice traders. However, if targeted customer acquisition methods are used, such an approach is quite understandable.
All in all, what Amitell Capital PTE LTD presents fits the standard set of offerings from scam brokers. Since all client orders are processed by the broker itself (or rather, not processed at all), there’s nothing stopping the company from guaranteeing minimal execution times. The company might, for example, allow a 15-20 fold difference in minimum deposits between plans or omit the currency of trading accounts. It may also attract clients with a low entry threshold, only to encourage them to increase their investments later.
In short, from this perspective, the trading conditions offered by Amitell Capital PTE LTD are far from harmless. The company has done everything possible to ensure that clients lose money while trying to clarify all the characteristics of trades and accounts.
The broker employs scam tactics in nearly every aspect of its operations. We have no doubt that the Amitell Capital PTE LTD project is also a creation of fraudsters. A thorough analysis of the official company information will provide the most compelling evidence to support this view.
As we mentioned earlier, the company lists a registered address in Singapore. Verifying this information in the country’s registries is not difficult.
Indeed, the registration information is accurate: a company named Amitell Capital PTE LTD was established in 2015 and is still active. Moreover, it even holds a license from the local financial regulator, the MAS (Monetary Authority of Singapore), authorizing it to operate in the stock market, specifically in fund management.
To an inexperienced novice, this information is more than enough to trust the broker. They might believe their funds are completely safe in its accounts, unaware of the deception.
However, the broker presents a complete fraud to its clients. The truth is, it has no connection to the real Singaporean company:
Therefore, all the registration information provided by the broker is false. It operates exclusively online, is not officially registered anywhere, and hides its illegal activities behind the name of a legitimate investment company. There is no doubt that it operates outside the law: an unregistered firm cannot hope to obtain a license in any jurisdiction, even an offshore one.
Further confirmation can be found through the whois service, which shows that the domain amitellcapitalltd.com was only registered on July 16, 2024.
This means that the fake broker has existed for just three weeks at the time of writing this review, while the real company has been in operation since 2015. Do you need any more proof that the scammers are simply using its name?
Additionally, let’s not forget the absence of a registration form on the fake company’s website. The inability for potential clients to create a working account online is absurd for most companies that operate under legitimate licenses. This approach is only justified for scammers who open accounts solely for those ready to deposit money. An uncontrolled influx of users, who are also quite capable of spotting the scam, is not in their interests.
Given that Amitell Capital PTE LTD has only been around for three weeks, it was unrealistic to expect a significant number of reviews to appear online. Indeed, the internet offers a few comments about the legitimate Singaporean company and only a handful of posts about the scam broker we’re reviewing. However, experts on niche sites don’t hold back, exposing all the shortcomings of this pseudo-company.
Like us, they quickly identified the broker’s misuse of a legitimate company’s name. In their conclusions, these authors label the creators and owners of this website as scammers and fraudsters, warning others against participating in this project.
Our Amitell Capital PTE LTD review leads to a clear conclusion: you should not trust this broker, let alone transfer any money to their accounts. The platform operates illegally online, without any official registration or licenses to provide brokerage services. To deceive clients, it hides behind the name of a legitimate company. Additionally, this pseudo-company conceals its trading conditions and payment information. We believe there is more than enough evidence to conclude that this project was created by scammers. We hope traders make the right decision.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
Amitell is engaged in illegal activities, fraud and money laundering! Cheating investors! Threats to investors! Withdrawal of funds is impossible!
Світлано,де ви знаходитесь в Канаді?
Доброго дня. Я також зіткнулась з цими шахрайством. Дуже прикро. Може хтось знає як з ними боротися. Не можливо вивести гроші.
Amitell Capital Pte Ltd is a scam. Beware,there is a second, fraud sister company,using original name and credentials of real company, to scam so many people ,especially from Ukraine and Russia
and have continues new demands to provide more money for oening a segregated account, pay unknown tax and est. Pure scam company , never trade and invest with them . Completely unsutisfied
I am extremely unsatisfied with Amitell Capital re withdrawal of the funds . Financial adviser was very professional and helped all the time along the way. However, the closure of the account and withdrawal of money is a real nightmare . The funds were processed via “lUSD” (Liquidity USD) coins transferred to a Coinbase cold wallet. However, I discovered that lUSD is a worthless currency with no real value. When I inquired about the situation, Andrey Domanskiy, Head Officer of the Financial Department, informed me that the funds were allegedly held on a Smart Chain of BTC transfer and that due to the rise in Bitcoin’s value, an additional payment of CAD 56,399 was required to release the funds. Furthermore, I was defrauded of an additional CAD 27,500 during this process. . Furthermore, After 27,500 were paid – with a guarantee letter from Amitell Capital i was requested to pay in addition 3000$ can to Open the account in japanese bank to do a wire transfer and i shall pay 5% tax on this sum to unknown entity equal 16,236$ USA. On the request to provide an official statement of account and invoice for these transfers – i received a broad speech of needing to wait for 3 days on it. The withdrawal of the funds is ongoing for 1.5 months and I don’t see the successful end of it. Please do not invest money to Amitell if you do not want to have the headaik and lose your value dollars
Ето мошеники люди не ведитесь, сам попал на деньги. АНИ ВАС ОБМАНУТ.
Does Amitell Capital uses BlockChain to regulate or oversees withdrawal from account to Newton, asking account holders to buy insurance to cover their money in the event there is an error in withdrawal, etc. If this is not done then the money will be held until the coverage is paid for?
I got scammed m I deposit 100 eur and financial.advisor said you can withdraw 45% of your deposit ! So he send me back 45 usd ! After about two week I told him there is no transaction in my account ! He said i have been trading with your money in my personal.account now.you will see a balance of 100 eur so we make that 50 eur more than 100, are you willing to.deposit bigger ammount, I told him I wanna withdraw my money andall and when i want want to invest i’ll travel Si gapoor it is not too far from me!! From that time withdrawal become impossible !!! They say sure we will send your money and they hide forever !!! Becarefull from these scammers
Будьте обережні. Я стала жертвою шахраїв компанії All capital.
Even disregarding the dishonest actions of Amitell Capital PTE LTD, which stubbornly calls itself a broker using someone else’s name, it’s still unlikely that anyone could make a profit here. Earning a profit is only half the battle; you also need to be able to successfully withdraw funds. Despite claims of being able to withdraw money to various destinations, it is practically impossible to withdraw anything from this platform. I lost half of my deposit and now want to withdraw the rest. Do you think I managed to do that? My request has been pending for 10 days with no response to any of my inquiries. I’m sure these scammers won’t return anything.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don’t look even slightly believable.