Arqaam-capital has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to BainCapitalEu. We’ve received over 3 complaints against Arqaam-capital.
Arqaam Capital mimics the FP Markets website to defraud investors, however it is a clone fraud enterprise. To avoid scams, verify brokers’ regulatory status. Arqaam Capital is unregulated, has no transparency, and may disappear with your money. Trusted brokers provide security, transparency, and legitimate trading platforms. Avoid Arqaam Capital.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Arqaam-capital Regulated? Do They Have a License?
The Arqaam-capital website has raised concerns since it substantially mimics the website of FP Markets, a renowned forex broker. This article delves into Arqaam-capital’s deceitful practices, demonstrating how it resembles real broker websites to mislead investors. We will also help you spot such scams and recommend reputable investment sources.
Arqaam Capital represents a clone fraud operation. Despite its resemblance to the FP Markets website, which includes several submenus that direct to the genuine broker’s domain, Arqaam Capital is not affiliated with it. The brand name, Arqaam Capital, is especially misleading because it alludes to a legitimate Dubai-based financial institution that has nothing to do with this bogus entity.
Verifying a forex broker’s regulatory status is critical to determining their validity. Authentic brokers are open about their regulatory control and present detailed legal documents. After analyzing Arqaam-capital, we discovered that the website blatantly replicated FP Markets’ legal documentation, including connections to the official FP Markets website. This strategy attempts to dupe potential victims into trusting the bogus website.
Legitimate brokers are regulated by institutions such as the UK’s Financial Conduct Authority (FCA), which guarantees deposits up to £85,000. EU-regulated brokers provide up to €20,000 of protection, whilst Australian (AU) brokers promise segregated accounts and negative balance protection, but do not guarantee specific fund amounts. US-regulated brokers offer extensive protections, such as segregated accounts, but there are some limitations, notably in terms of leverage.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Arqaam-capital might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Arqaam-capital, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Arqaam-capital
Arqaam Capital promotes advanced trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and TradingView. However, consumers complain that once registered, they may only access a limited web platform. The sheer existence of a trading platform does not automatically authenticate Arqaam Capital.
Many fraudulent entities utilize altered trading software to provide the appearance of legal trading. Authentic platforms, like as MetaTrader 4 and MetaTrader 5, provide traders with a diverse set of tools for making informed decisions, including a variety of indicators, automated trading systems, and mobile device support.
Arqaam Capital, like FP Markets, demands a minimum investment of $100. However, our study revealed that the deposit menu was non-functional, implying that consumers may be directed to deposit with bitcoin, which is non-refundable. Genuine brokers often provide a variety of transparent payment alternatives, including bank transfers, credit/debit cards, and popular e-wallets such as PayPal, Skrill, and Neteller, ensuring the safety and refundability of their clients’ funds.
Despite professing to offer a wide range of trading instruments, this appears to be another deceptive approach. All transactions on the platform are purely fictional. Reputable brokers, such as FP Markets, XM, and HFM, offer a wide range of asset classes, including currencies, equities, indices, cryptocurrency, and commodities. Additionally, Arqaam Capital’s advertised spreads are deceiving. For example, although FP Markets typically gives a spread of 1.0 pips for EUR/USD, Arqaam Capital claims a spread of 0.7 pips, which is suspiciously low and designed to attract unwary traders.
Arqaam Capital provides high leverage ratios that substantially exceed the limitations imposed by EU authorities, raising the possibility of large losses. For example, EU-regulated brokers limit leverage to 1:30 for main currency pairs, whereas Arqaam Capital provides a risky 1:100 leverage. Furthermore, Arqaam Capital lacks explicit withdrawal regulations, which is a common feature of fraudulent websites that place numerous barriers to fund withdrawal. In contrast, legitimate brokers offer transparent withdrawal methods with no hidden fees or constraints, allowing traders to easily access their funds.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Arqaam-capital Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Arqaam-capital Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Arqaam-capital might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Arqaam-capital reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Arqaam-capital, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Arqaam-capital enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Arqaam-capital reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Arqaam-capital.
You should always look out for consumer complaints. In the case of Arqaam-capital, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Arqaam-capital? You can share your complaint in the comment section or submit an anonymous tip.
Is Arqaam-capital Legit Or a Scam?
Arqaam-capital is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Arqaam-capital can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Arqaam-capital?
Arqaam-capital operates in a way that may deceive investors. It is critical to ensure that you are dealing with a regulated and reputable broker by verifying their regulatory status and the legality of their domain.
- Clone Scam
- Fake legal details
- Anonymous operation.
- Risky leverage ratios
All the evidence suggests that Arqaam-capital might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
