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Why is Guard Capital a scam?

Started by Admin, May 13, 2023, 08:56 AM

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Topic keywords [SEO] scamCapitalGuard

Admin

This material contains the following information:
  • What is known about Guard Capital;
  • Undeniable evidence that Guard Capital is fraudulent;
  • Secondary indications that Guard Capital is fraudulent.



Consequences of doing business with Guard Capital

What happens in the situation when you or someone else ignores all the evidence mentioned here and decides to try working with Guard Capital? Let's find out. Take a review on Guard Capital from the Reddit website:
"I am leaving this review to share my unpleasant experience with Guard Capital and to warn future clients before they even consider handing over their personal hard-earned cash to this office. In my years of trading experience I have never come across a worse brokerage company, and it has left me with a bitter taste in my mouth and a huge decrease in confidence in trading in general.

Worst of all, it had a meaningful impact on me on a feeling level. Not only have I lost a large sum due to Guard Capital's incompetence, but the whole ordeal has left me with a sense of betrayal and a strong distrust of the field of trading. I can't escape the bad memories of the many hours dedicated to sorting out technical issues and compensating for financial losses caused by the fraudulent nature of this company.

What else must be present on the site of an adequate broker? Research tools! A brokerage platform must give investors access to research tools and resources. These may include financial news, analyst reports, company financials, technical analysis tools and more. These tools allow clients to make reasoned investment decisions, rather than doing nothing at all. And how can one make normal investment decisions if all that is present on the Guard Capital platform is a calendar? White brokers take care to ensure that their clients can make wise decisions, as it directly affects the overall perspective of the partnership between them.

A good trading platform must have a comfortable interface. A well-designed, intuitive user interface is essential for a marketplace. This ensures users can navigate the marketplace, manage personal portfolios and complete trades with ease. None of this is available on Guard Capital's platform. We have seen many different platforms and it is very close to us, but it is difficult to navigate only on this platform in spite of our considerable experience.
A good brokerage platform must have different investment instruments. A quality brokerage platform must give a wide range of trading products, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables investors to protect their portfolios against risk and gain access to different categories of currencies. There are a very huge number of assets on Guard Capital's platform, however the catch is that Guard Capital is a scam and dealing in these assets is not real, it's all artificial, like a game. Buying silver through the platform Guard Capital you do not actually buy anything because Guard Capital has no regulation and therefore is not allowed to cooperate with the world stock exchanges and therefore you do not really buy anything through a broker on the exchange. By the way Guard Capital platform not only has a terrible usability, but it is also quite ugly from an aesthetic point of view.

A sensible brokerage platform is a must for both mobile and desktop versions. In today's fast-paced world, clients need to be able to access their brokerage platform on the go. This is an option to keep an eye on a fast-changing situation and instantly sell or buy an asset if you have a compelling reason to do so. A quality platform must have an adaptive mobile app, as well as a full-fledged desktop version, to satisfy all user desires and requirements.

Next let's compare what Guard Capital has to offer with an adequate average company. What does a good brokerage platform have to look like? A good trading platform is an important tool for traders to access the financial markets and make informed investment decisions. A good platform must have both cents and a virtual one in addition to the standard one.
In addition, an extremely important feature of a good trading platform is good security features. Ensuring the protection of users' personal information and financial resources is crucial. A good investor platform should have robust security features, such as two-step authentication, security and Secure Socket Layer (SSL) technology. All of these and other things should firmly protect investors from fraud, account theft or hacking into the trading platform itself with massive information leakage. None of the above are anywhere near on Guard Capital's platform.

Comparing Guard Capital to a decent firm

This part of the material contains the following information:
  • What a good brokerage firm's platform should look like;
  • How the Guard Capital platform is doing;
  • Comparison of a good brokerage platform with what Guard Capital has.

What is known about Guard Capital

In brief, essentially nothing. The company was set up last year. It's not known in what city it's based. There's no positive information for just over half a year of its existence. There is only bad information about the office, but first things first. We tried to find information on the internet about which city the legal address of the company is in, but in the end we got nothing. On the contrary, any serious company wants to be as open and transparent as possible, to let their clients know to whom they intend to give their money; but it is obvious that those who own Guard Capital don't think so.

Approvals for Guard Capital

What do the reviews on Guard Capital say? Mostly about fraud and total unqualification of Guard Capital managers. The ratio of positive to negative reviews is definitely in favour of the negative ones. It's not all that simple with the favourable reviews on Guard Capital either. The sticking point is that all the reviews are too much of the same type and have been done recently and essentially at the same time. All this indicates that these positive reviews are fake. Read one such review:
"Guard Capital is a great firm! It has a brokerage license. I get 250-300% of my capital a month and I spend 15 minutes a day trading. I recommend Guard Capital to anyone!"
Really cool firm! One that can make an average person a billionaire in a couple of years, because he will get one hundred and fifty to two hundred percent every four weeks. We're sure it's obvious that this is a fake review.
Here's another review on Guard Capital left on Reddit:
"Guard Capital is the most profitable broker in the world. I don't understand why the broker is not #1 in the EU and US yet! The service is top notch and the analysts at Guard Capital are the most competent. I've been trading with them for two and a half years now and everything is cool."
And we also don't understand why this broker is not the best until now... among the scammers.
Note that those people who have engaged in fake opinions are not even aware of Guard Capital's existence for only six months, but certainly not for several years, which allegedly this person has been doing business with Guard Capital. There is no evidence that Guard Capital's managers are "reasonably competent".

Main fact which confirms that Guard Capital is a fraud

Of course it's about the lack of regulation. The regulator performs a certain number of functions, especially inspections of brokerage offices, inspections of firm representatives, monitoring of financial statements, traders and broker liquidity control. But the most important duty of the regulator is to prevent financial fraud. Money manipulation can be different, one of the variants is to debit a trader's money without his permission, or to misuse a client's money in operations for which he did not give permission. Shortly before the crisis of two thousand eight and nine, the biggest banking 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 check the qualifications of the employees of financial institutions, including brokerage houses. This, in turn, guarantees that you will be dealt with by professionals. Guard Capital has no regulation whatsoever, not even a brokerage permission from some fake structure.

As we can see, the trader has not only lost money and nerve cells, but also did not gain any useful trading experience, only disappointment in trading. If you look at other reviews they have basically the same content. The most common complaint is that Guard Capital does not pay out money. Investors in addition note the global ineptitude of Guard Capital's representatives. Looking at the feedback on Guard Capital we have read evidence of Guard Capital staff using explicit manipulation and taking offensive language when communicating with clients. Reviews on a white investment organisation should suggest otherwise, well at least things can't be that bad. Basically, the Guard Capital reviews also clearly show that Guard Capital is an outright scam.

When it came to the key aspect of trader support, I got very angry. Their representatives were either unresponsive or incapable of resolving my issues with any semblance of competence. I thought that I was talking to a robot, and my requests for help were ignored. In that situation I urgently needed help in a situation of strong price movement, I was in a difficult position, and it eventually resulted in me losing a huge amount of money.

What other signs and evidence is there that Guard Capital is a scam?

As stated earlier, Guard Capital and its managers are no strangers to aggressive selling, insults, rampant incompetence, marketing gimmicks like promises of exorbitant profits, and inflated reviews. Guard Capital has no legal data on its web site, not even an agreement of public offer; there have to be some documents confirming the existence of a brokerage firm, registration documents and, optionally, some awards. Googling the situation is similar, as with opinions, they are all similar to each other. The fact that Guard Capital does not hand over funds is a common sign of a scam. Guard Capital managers also like to give bad signals, on which it is not only unrealistic to get income, but on the contrary, all investments are lost. Criminals often give these signals in order to make a profit and get more commission, but this is more true for representatives of real brokerage companies that are engaged in fraud this way. But excessively frequent slippages and glitches in the Guard Capital platform are also a standard sign of a scam.

Subjective experience with the firm

The facts above are enough to make the only true conclusion about the Guard Capital entity. We took the decision to see everything for ourselves to be 100% sure.
We registered, Guard Capital representative called us back and immediately started offering to make the largest amount. The manager of Guard Capital appeared to be pushy sales strategy, some silly flattery. We deposited the account with minimum amount of 25$ and decided to try the signals of this broker. What happened next? We lost almost all amount in few transactions and tried to withdraw money, but they didn`t give it to me. The representative of Guard Capital called again and tried to dissuade me from withdrawing the funds and moreover to transfer the money again to the account and make trades and according to him if I had done so I would have been given back the loss. It is unclear why the staff did not immediately refuse to refund the losses without me still giving them my money again. It is not hard to understand that if I had done so, the managers would still not have given me the money, not a dollar.

It was obvious from the start that Guard Capital's level of skill and competence was clearly close to zero. Their platform was always unreliable, with constant technical glitches and a user interface that can only be described as clueless and illogical. This alone made the execution of transactions unpleasant, but the trouble didn't end there.

Entrusting your finances to Guard Capital is a decision you will certainly be worried about, as I am at the moment. I was faced with the sad reality that this is the worst thing that could have happened to me as a human being and I hope that personal experience will be for forum users who, are considering entrusting personal funds to this ugly investment firm."

Conclusions

You have seen it all for yourself. Guard Capital stands out even among the scams. The firm is so awful that there is no place to put a stigma on it. Opinions on Guard Capital that don't seem to be fake are filled with criticism. Users are more likely to shout about money not being refunded, managers not adhering to decorum, the platform being uncomfortable, constantly glitching, there are only negative memories from interacting with Guard Capital. If you do not want to have the same thing happen to you as to other traders, in any case do not even leave your contact details on Guard Capital's website, or if you have already left them, just blacklist the staff phone numbers and do not react to them. If you discuss anything with the managers, there is a risk that scammers with their skills and experience of fraud will be able to take you for scamming your hard-earned money. Because they don't just offer investments, they try to gain the trust of their victims by befriending them and luring them with the promise of exorbitant profits.