ACT Capital Partners AG Review: A Shady Company

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ACT Capital Partners AG Review
  • Regulation
  • Proof of Withdrawal
0.5

Summary

ACT Capital Partners AG claims to be located in Switzerland. In that case, they should be under the oversight of the Swiss Financial Market Supervisory Authority. When we checked the regulator’s online registry, we didn’t find the broker’s name anywhere. We also noted that in their Terms and Conditions, the broker mentions the Republic of Vanuatu.

With ACT Capital Partners AG, you will purportedly invest safely and easily. However, this is a blatant lie from this supposedly Swiss broker. If you want to invest in the forex market, the best way is through honest and transparent crypto brokers. This is the only way to ensure your money will not fall into the wrong hands.

ACT Capital Partners AG Review, ACT Capital Partners AG Company

The forex market is inherently complicated, involving various currencies, trading strategies, and economic indicators. Many new traders lack the necessary knowledge and experience to navigate this landscape effectively. This makes them prime targets for scammers who promise guaranteed returns or foolproof strategies. However, in the end, traders are left frustrated and disgruntled.

About Actcapitalpartnersltd.com

Currently, ACT Capital Partners AG claims to have about 302,418 active users, $22,354 average margin per position, and $1.2 billion total capital. The broker brags about its servers, which are currently located in a data center in Geneva. They say they work in conjunction with liquidity providers, including 50 banks. However, all these are lies to deceive upcoming traders who know little about the business and the technology works.

There are Test, Basic, and Standard accounts, each having unique parameters. In one of the accounts, we noticed that they offer signals and increased profitability. Such promises are misleading and unethical. For a broker to claim to offer increased profits, it shows they can somehow influence the trade outcome. This is false because the price is determined by economic factors that are beyond anyone’s control, including brokers.

Founders and Team

We didn’t find anything about the firm’s founders or current executives. One of the reasons for this is to prevent damage to their operations. If the true identities of the founders are known, they could be blacklisted in the industry. In case they are exposed, the anonymous founders can easily rebrand and start a new company under a different name.

Furthermore, by not revealing personal information, the company can appear neutral and unbiased. This can be appealing to potential clients looking for an impartial service provider. Ambiguity can sometimes work in favor of the fraudsters, as clients may fill in the gaps with their own positive assumptions. 

ACT Capital Partners AG Contact Details

The broker has an email, physical address, and phone number. However, we noted that the details were not enough. For example, the physical address does not give the specific room number where the office is located. Also, the broker can easily ignore the letters and emails even if people write to them. Giving these details does not mean they are accurate.

If a broker is serious about contacts, they should have multiple reliable communication channels. This ensures there is smooth communication between the firm and clients. Also, in case of a legal matter, the authorities can act quickly because they know where the company is located.

Regulation

Regulation is the first and most important thing you should check about a broker. A legitimate broker is transparent about their location, parent company, and legal licenses they hold. If these details are missing or are presented improperly, it raises serious concerns about the broker.

ACT Capital Partners AG claims to be located in Switzerland. In that case, they should be under the oversight of the Swiss Financial Market Supervisory Authority. When we checked the regulator’s online registry, we didn’t find the broker’s name anywhere. We also noted that in their Terms and Conditions, the broker mentions the Republic of Vanuatu.

This firm is inconsistent and deceitful. The website is available in Russian and English languages. We noted that the Bank of Russia has warned people against trading with this fraudulent entity.

ACT Capital Partners AG Trading Conditions

The minimum deposit is $100, where you can trade currency pairs, stocks, commodities, crypto, and indices. The leverage is 100:1. Although they appear favorable, the leverage may be harmful. Furthermore, there are regulated brokers where one can open an account even with $5. The minimum deposit offered by ACT Capital Partners AG is therefore too high.

Final Verdict

ACT Capital Partners AG is a fraudulent forex broker. This entity’s aim is to defraud people of their hard-earned money. To avoid being one of their victims, trade only with transparent crypto brokers who have the proper frameworks to facilitate the business.

 

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