News:

Forum.pl - Founded by a group of enthusiasts to promote financial literacy

Main Menu

Why is Cuarto Capital a scam?

Started by Admin, Jun 20, 2023, 02:43 PM

Previous topic - Next topic
Topic keywords [SEO] scamCapitalCuarto

Admin

This material contains the following information:
    .
    • What is known about Cuarto Capital;
    • Irrefutable evidence that Cuarto Capital is a scam;
    • Less significant indications that Cuarto Capital is a scam;

    A normal investment platform should be in both mobile and desktop versions. In today's lightning-quick world, clients need to be able to access their brokerage platform on the go. This would, for example, allow them to follow the lightning fast pace of developments and quickly sell or buy an instrument if there is a compelling reason to do so. A quality platform should have a flexible mobile app as well as a fully functioning desktop version to suit all investor preferences and needs.

What other signs and evidence is there that Cuarto Capital are scammers?

As mentioned above, Cuarto Capital and its managers are no strangers to aggressive selling, insults, obvious unskills, marketing tricks like offering gigantic earnings and inflated reviews. They do not have any documents on the website of Cuarto Capital, not even an agreement of public offer, while any broker should have scans of documents confirming the company's license, registration papers and probably some awards. In search the situation is similar, as with opinions, they are all similar to each other. That Cuarto Capital is not giving away investments is a common sign of a scam. Cuarto Capital analysts also like to discount false signals, which not only make no profit, but on the contrary, all monies are lost. Swindlers often give these signals to earn higher commissions and fees, though this is more true for consultants of real investment firms that are scammed in this way. However, the very frequent failures of the Cuarto Capital platform are also a typical sign of a scam.

Comparing Cuarto Capital to a decent firm

This excerpt of the article contains this information:
  • What a good brokerage company's platform should look like;
  • What about Cuarto Capital's platform;
  • A comparison of a good brokerage platform with what Cuarto Capital has;

What is known about Cuarto Capital

In brief, practically nothing. The firm was founded in 2022. What country it is based in is unknown. There is no credible information for just over half a year of the company's operations. There is purely black information on the company, but first things first. Volunteers decided to try to find information on the Internet about the city where the office is based, but they did not find anything. On the contrary, a respectable company wants to be more open and transparent and to inform its traders so that investors could understand who they intend to entrust their money to.

Moreover, a very important feature of a good brokerage platform is good security features. The security of personal information and clients' funds is of utmost importance. A good trading platform should have good security features like two-factor verification, encryption and Secure Sockets Layer (SSL). All of these and other things are designed to provide ultimate protection against fraud, stealing money from your account or hacking into the trading platform with a large data leak. None of the above are anywhere near what Cuarto Capital is offering.

Entrusting your personal finances to Cuarto Capital is a decision you will likely regret, as I do now. I am left with the bitter reality that this is the worst thing that could have happened to me as an investor, and I think that personal experience will serve as a kind of stop sign for forum users who, are considering giving personal funds to this disgusting investment firm."

As we can see, not only did the person lose money and nerves, and at the same time and did not get any useful investment experience, only disappointment in Forex. If you look at other reviews you will find more or less the same content. The most common complaint is that Cuarto Capital does not withdraw investments. Investors also talk about the global incompetence of Cuarto Capital's managers. When reading the reviews of Cuarto Capital, we have repeatedly read information about how Cuarto Capital employees have used obvious manipulations and have been found to be abusive in their communication with investors. Opinions on an adequate investment company should suggest otherwise, well at least things shouldn't be that terrible. In short, the opinions on Cuarto Capital also clearly show that Cuarto Capital is a common scam.

Consequences of working with Cuarto Capital

What happens if you or anyone else spits on all the information mentioned in this material and wants to try working with Cuarto Capital? Let's imagine it. Take a Cuarto Capital review from the Reddit forum:
"I am leaving this review to share my personal unpleasant experience with Cuarto Capital and to warn possible clients before they even consider entrusting their hard-earned cash to this company. In my many years of trading experience I have never come across a worse brokerage firm, and it has given me a bitter taste in my mouth and a significant drop in confidence in the industry as a whole.

Opinions about Cuarto Capital

What do the reviews on Cuarto Capital say? Purely about the fraud and total incompetence of Cuarto Capital representatives. The ratio of favourable to unfavourable opinions is naturally in favour of the bad. The good reviews on Cuarto Capital are not so straightforward either. The thing is that all of them are quite artificial and have been posted not so long ago and almost at the same time. All that said, these positive opinions are fake. Read one such review:
"Cuarto Capital is a great organisation! It has brokerage regulation. I get 250-300% a month of the amount in my account and I spend ten minutes a day trading. I recommend Cuarto Capital to everybody!"
Really cool company! The only one that is able to make an ordinary investor a multimillionaire for a couple of years, because he will receive 150-200% per month. We think it's pretty clear that this is a fake review.
Here's another review on Cuarto Capital written on Reddit:
"This is the best broker on the market. I don't understand why this broker is not #1 in the EU and the States yet! The services are top notch, the managers at Cuarto Capital are the smartest. I've been with the company for almost four years and I'm doing great."
And we also don't understand why this broker is still not the best... among scammers.
Notice that those people who have been doing the scam reviews aren't even aware of Cuarto Capital themselves for only six months, but certainly not for several years that say this character has been doing business with Cuarto Capital. No evidence is presented to prove that the managers of Cuarto Capital are "reasonably competent".

Now let's move on to a comparison of what Cuarto Capital gives and an adequate middle office. How should a normal brokerage platform function? A good brokerage platform is an important tool for investors, giving them a chance to access global markets and make informed investment decisions. A good marketplace must have both cent and trial trading in addition to the basic one.
When the situation got down to the basic aspect of customer support, I became very angry. Their staff were either unresponsive or incapable of resolving my problems with any semblance of seriousness. I thought I was in contact with a brick wall and my requests for help went unheeded. At the time I promptly needed help during a strong market movement, I was in a difficult position, and this eventually resulted in me losing a significant amount of money.

A normal brokerage platform should have a user-friendly interface. A well-made, intuitive user interface is essential for a brokerage platform. It makes it possible for users to easily navigate through the platform, manage their accounts and make transactions with ease. None of this is available on Cuarto Capital's platform. Although we know many different platforms and it is quite familiar to us, it is still difficult to navigate on this particular platform despite considerable experience.
A good investor platform should have a variety of investment options. A good trading platform must offer a wide range of investment products, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables investors to protect their portfolios against risk and have access to different categories of currencies. Cuarto Capital's platform has a fair amount of assets, but the catch is that Cuarto Capital fraud and trading in these instruments is not real, it's all virtual, like a game. When you purchase shares through Cuarto Capital platform you don't actually purchase anything because Cuarto Capital is not regulated and therefore not allowed to deal with international markets, so you don't actually purchase anything through a broker on the exchange. In general, Cuarto Capital not only has a useless usability, but the platform is also quite aesthetically ugly.

Main fact which proves that Cuarto Capital is a scam

Of course we are referring to the lack of regulation. The regulator has several functions including inspections of broker's offices, checking employees, controlling financial component, investors and monitoring company's solvency. But the most important function of the regulator is to prevent financial manipulation. Money manipulation can be different, one of the variants being writing off funds from a trader without his permission, or misusing client's money in transactions he did not authorize. Shortly before the 2008-2009 crisis, the biggest financial institutions in the US did this on a massive scale. Through the regulator, an investor can, for example, get their money back. The regulator has its own criteria according to which they confirm the qualifications of financial institution managers, including traders. This, in turn, ensures that their clients will be dealt with by qualified professionals. Cuarto Capital does not have any regulation, not even a brokerage permit from some non-existent office.

What else must be on the platform of an adequate broker? Research tools! A brokerage platform must provide investors with access to research tools and resources. These can include financial news, analyst reports, company financial statements, technical analysis tools and more. These resources allow clients to make informed investment decisions, not do anything else. And how can you make adequate investment decisions when all Cuarto Capital has on its platform is a calendar? White brokerage firms are concerned about allowing their traders to make informed decisions, as this directly affects the overall outlook of the partnership with each other.

It's also bad enough that it affected me a lot on an emotional level. Not only did I lose a significant amount of money due to Cuarto Capital's mismanagement, but the whole incident has planted in me a sense of betrayal and a deep distrust of the field of trading. I can't escape the bad thoughts of the many hours devoted to sorting out the difficulties and recovering the financial losses caused by the fraudulent nature of this office.

Personal experience with the firm

The above information has been given enough to make a correct conclusion about the true nature of Cuarto Capital. We decided to see for ourselves to be 100% sure.
We registered, a Cuarto Capital employee called us and instantly started to persuade us to make the largest amount. During the conversation, the manager of Cuarto Capital used the strategy of aggressive selling and some ridiculous flattery. We funded our account for the minimum amount of 25$ and decided to try the signals given by this broker. What happened after that? We lost almost the whole amount in a few trades and tried to withdraw the money, but they did not give it to me. Again a manager from Cuarto Capital called us and tried to dissuade us from withdrawing the money and on the contrary we had to deposit money to the account and open trades again. True, it is unclear why the managers did not refuse to compensate for the loss without me giving them personal money once again. It is not hard to understand that if I had done so, they still would not have given the money back, not a penny.

Initially it was clear that Cuarto Capital's level of skill and competence was clearly close to zero. Their platform was consistently problematic, with regular technical glitches and a user interface that could be described purely as clunky and confusing. This alone made deal execution frustrating, but the difficulties didn't end there.

Conclusions

You've seen it all. Cuarto Capital is different even among the scams. The company is toxic to the point that there is no place to put a branding on it. Opinions on Cuarto Capital that don't resemble fake are brimming with criticism. Victims often write that investments are not compensated, managers don't observe the norms of decency, the platform is uncomfortable, constantly glitches, and there are only negative memories of trading with Cuarto Capital. If you don't want to face the same as other traders, do not leave your personal data on Cuarto Capital website, or if you have already left it, block the phone numbers of the managers and ignore them immediately. If you start talking to their representatives, there is a risk that scammers with their skills and experience of swindling will manage to take you for your hard-earned money. Because they don't just offer investment solutions, they can gain trust, befriend their victims, entice them with the promise of very high returns.