In the Amitell Capital PTE LTD review, you’ll find the exposure of yet another fraudulent broker operating in the Forex/CFD market. The company promises users the best trading and investment platform, comprehensive support from a team of professionals, and favorable trading conditions. We’ll show you how to identify that the company is deceiving both potential and existing clients. Want to protect your money and avoid becoming a victim of scammers? Then the information below is for you.
Brief Overview
- 🖥Official Website: https://amitellcapitalltd.com/
- ✈️Contact Address: 76B AMOY STREET, Singapore 069895, Singapore
- 📞Customer Support: [email protected]; +6531256209, +97145864608, etc
- 🔐Licensing and Accreditation: none
- ⏳Track Record: since 2024
- 🧰Specialization: Forex/CFD broker
- 🤝Terms of Cooperation: deposit from $100, leverage up to 1:100, spreads 0.4-0.8 pips
- 💰Additional Services: no
Amitellcapitalltd.com Examination
The official website of Amitell Capital PTE LTD is a true “masterpiece.” Take, for instance, the loading time of the homepage. It exceeds a minute. Whether this is due to the video in the main banner or the overly cumbersome template used is irrelevant. Regardless of the reasons, such characteristics are unacceptable for the modern website of a reputable company.
But the problems with amitellcapitalltd.com don’t end with its design and loading speed. The content on the pages also raises concerns. For example:
- In the “Products” section of the main menu, the developers used just a few sentences and a Q&A format to describe the available markets. It seems no one even considered including contract specifications.
- There isn’t a registration form on any of the pages. This begs the question: who is this website intended for if visitors can’t even register with the broker?
- Traders are promised access to materials in the Trading Academy. However, judging by the publications, their practical value is barely above zero, as is the content of other pages in this section, except for the borrowed economic calendar.
Overall, despite its appearance, the official website of Amitell Capital PTE LTD leaves the impression of a poorly executed facade. Only scam brokers can afford such an attitude. Companies that operate legally and value their reputation would never be so careless with their online “face.”
Company Contacts
The company’s contact information is just as noteworthy as its official website. On the “Contact Us” page, visitors will find:
- A feedback form.
- Two emails.
- Six phone numbers: two each for Hungary, the UK, and Singapore.
- Registered address in Singapore.
The information presented (or absent) on this page raises some questions:
- Why are Hungarian numbers used for both English and Russian language support?
- Why didn’t the developers provide a live chat, which is the most efficient form of support?
- What prevented the broker from creating social media groups and channels and posting links to them
This last point is particularly odd for a licensed platform. Legitimate brokers usually take every opportunity to attract such a large audience. Only scammers don’t care about this. They prefer direct contact methods with potential clients, such as making cold calls using illegally obtained phone databases. So, which category does Amitell Capital PTE LTD belong to?
Key Conditions
Amitell Capital PTE LTD conceals a lot of important information, including details about its trading conditions. To begin with, the pages under the “Products” menu provide almost no descriptions of the markets available to traders. Don’t expect to find essential broker information like contract specifications there, either.
Some information can still be found on the website. For example, we managed to determine that:
- Traders are offered more than 500 trading instruments.
- The maximum leverage across all plans is 1:100.
- The order execution time (as claimed by the company) is less than 3 milliseconds.
The broker has also included some data in the account types table. Here, you can find the minimum deposit amount, spread sizes, and a list of available assets. The company offers five plans in total:
- Test. Minimum deposit of $100, minimum spread of 0.8 pips. Available for trading currency pairs.
- Beginner. Minimum deposit of $2,000, minimum spread of 0.6 pips. You can trade currency pairs and commodities.
- Standard. Minimum deposit of $10,000, minimum spread of 0.5 pips. Stocks and cryptocurrencies are added to the previous list of trading instruments.
- Corporate. Minimum deposit of $150,000, minimum spread of 0.4 pips. Access to all assets, including stock indices, is available.
- VIP. An account with personalized conditions. Even the minimum deposit amount is not disclosed to regular traders; a personal manager will explain everything to account holders.
Oddly enough, the broker hasn’t listed additional options in its plans that could attract novice traders. However, if targeted customer acquisition methods are used, such an approach is quite understandable.
All in all, what Amitell Capital PTE LTD presents fits the standard set of offerings from scam brokers. Since all client orders are processed by the broker itself (or rather, not processed at all), there’s nothing stopping the company from guaranteeing minimal execution times. The company might, for example, allow a 15-20 fold difference in minimum deposits between plans or omit the currency of trading accounts. It may also attract clients with a low entry threshold, only to encourage them to increase their investments later.
In short, from this perspective, the trading conditions offered by Amitell Capital PTE LTD are far from harmless. The company has done everything possible to ensure that clients lose money while trying to clarify all the characteristics of trades and accounts.
Exposing Amitell Capital PTE LTD
The broker employs scam tactics in nearly every aspect of its operations. We have no doubt that the Amitell Capital PTE LTD project is also a creation of fraudsters. A thorough analysis of the official company information will provide the most compelling evidence to support this view.
As we mentioned earlier, the company lists a registered address in Singapore. Verifying this information in the country’s registries is not difficult.
Indeed, the registration information is accurate: a company named Amitell Capital PTE LTD was established in 2015 and is still active. Moreover, it even holds a license from the local financial regulator, the MAS (Monetary Authority of Singapore), authorizing it to operate in the stock market, specifically in fund management.
To an inexperienced novice, this information is more than enough to trust the broker. They might believe their funds are completely safe in its accounts, unaware of the deception.
However, the broker presents a complete fraud to its clients. The truth is, it has no connection to the real Singaporean company:
- The license is issued for stock market operations and does not cover the provision of brokerage services in the Forex/CFD market. Amitell Capital PTE LTD does not have the necessary permissions for this type of activity.
- The Singaporean firm has its own website at www.amitellcapital.com. Although the company does not actively maintain it, the contact details, which differ from those published by the broker, are clearly visible.
Therefore, all the registration information provided by the broker is false. It operates exclusively online, is not officially registered anywhere, and hides its illegal activities behind the name of a legitimate investment company. There is no doubt that it operates outside the law: an unregistered firm cannot hope to obtain a license in any jurisdiction, even an offshore one.
Further confirmation can be found through the whois service, which shows that the domain amitellcapitalltd.com was only registered on July 16, 2024.
This means that the fake broker has existed for just three weeks at the time of writing this review, while the real company has been in operation since 2015. Do you need any more proof that the scammers are simply using its name?
Additionally, let’s not forget the absence of a registration form on the fake company’s website. The inability for potential clients to create a working account online is absurd for most companies that operate under legitimate licenses. This approach is only justified for scammers who open accounts solely for those ready to deposit money. An uncontrolled influx of users, who are also quite capable of spotting the scam, is not in their interests.
What Reviews Do Users Leave?
Given that Amitell Capital PTE LTD has only been around for three weeks, it was unrealistic to expect a significant number of reviews to appear online. Indeed, the internet offers a few comments about the legitimate Singaporean company and only a handful of posts about the scam broker we’re reviewing. However, experts on niche sites don’t hold back, exposing all the shortcomings of this pseudo-company.
Like us, they quickly identified the broker’s misuse of a legitimate company’s name. In their conclusions, these authors label the creators and owners of this website as scammers and fraudsters, warning others against participating in this project.
Conclusions
Our Amitell Capital PTE LTD review leads to a clear conclusion: you should not trust this broker, let alone transfer any money to their accounts. The platform operates illegally online, without any official registration or licenses to provide brokerage services. To deceive clients, it hides behind the name of a legitimate company. Additionally, this pseudo-company conceals its trading conditions and payment information. We believe there is more than enough evidence to conclude that this project was created by scammers. We hope traders make the right decision.
Pros/Cons
- Decently designed website pages.
- Low entry threshold.
- The fake broker operates online without official registration. It uses the name of a legitimate investment company from Singapore to appear legitimate.
- The company does not have a license and has no chance of obtaining one, even from offshore regulators.
- The scam platform has only existed for three weeks.
- The official website lacks critical information: detailed trading conditions and contract specifications, as well as payment details.
- Users cannot even register an account independently.
Even disregarding the dishonest actions of Amitell Capital PTE LTD, which stubbornly calls itself a broker using someone else’s name, it’s still unlikely that anyone could make a profit here. Earning a profit is only half the battle; you also need to be able to successfully withdraw funds. Despite claims of being able to withdraw money to various destinations, it is practically impossible to withdraw anything from this platform. I lost half of my deposit and now want to withdraw the rest. Do you think I managed to do that? My request has been pending for 10 days with no response to any of my inquiries. I’m sure these scammers won’t return anything.