Unregulated and Little Misleading Activity
Multicap Markets is putting itself forward as an incorporated entity in Nevis, glorifying its operation as being in the USA. The country of Nevis has no regulations on forex trading; I could not find any registration with the National Futures Association (NFA). It is an unregulated market, without protections for the investor. Their funds are at extreme risk with no regulations available, as well as no rules to hold the company accountable for lost funds.
Misleading Investment Activity
The model was created to drive users to the platform through liquidity farming and high-yield interest for lending cryptocurrency. Many elements of the liquidity farming model appeared to be paying users, and sadly, in the end, many users discovered they had made a poor decision when they determined that their access was locked and their funds disappeared. Instead of being compensated, investors received no response, albeit a locked account, a key sign of any financial scam.
Things to Consider
Multicap Markets used all the usual schemes to scam people.
- Unrealistic Returns – Claiming incredible returns, with no risk attached, is a massive warning sign.
- Pressure – Users reported that they felt pressure or rushed to invest.
FAQ
Q1: Is Multicap Markets a regulated broker?
No. Multicap Markets has no identifiable regulation behind it, making it exceedingly risky for investors.
Q2: What are some of the main issues reported by users?
Users reported they had accounts locked, were unable to retrieve their funds, and had non-responsive customer support.
Q3: What should I do if I have been scammed?
Cease all trading immediately, take screenshots of everything you have communication-wise, and contact a fund recovery specialist.
Take Action Today
Do not hesitate to act if you believe Multicap Markets has deceived you. Contact us for a free consultation to find out more about your options and start the recovery process. Protecting your financial interests starts with being proactive and knowledgeable.
Remember, at Lycan Retrieve, we build trust, recover losses, and deliver results. Allow us to assist you in receiving your money back.
Contact us right now to safeguard your future and take back financial control.
Visit Lycan Retrieve Facebook Page
Visit Twitter