If a brokerage company boasts tens of thousands of clients, licenses, and significant experience, does that mean it can be trusted with your money? Don’t rush to conclusions, as it might be just a scammer who has fabricated nonexistent licenses and experience. This Entrust Capital Limited review is dedicated to such a platform that blatantly lies to users to lure them in.
Brief Overview
- 🖥Official Website: entrustcapitalltd.com
- ✈️Contact Address: Unit 502-504, level 5, Gate Precinct Building 5, DIFC, PO Box 506886, Dubai, UAE
- 📞Customer Support: support@entrustcapitalltd.net, +442840680054
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: €100, 1:500
- 💰Additional Services: no
Etrustcapitalltd.com Examination
From the official website, you can find out when the company was founded, how many clients it has, where its branches are located, what licenses it holds, and its tariff plans with trading conditions. Thanks to the company for sharing this information, which still needs to be thoroughly verified, as it is likely fake.
On the other hand, the site was created using a popular template often seen with other brokerage companies. Entrust Capital Limited uses images of cityscapes and skyscrapers and promises full security, competitive prices, and innovative technology. However, these are just words.
The site is poorly made. There are typos and errors in some places, missing spaces after periods or commas, and some sections don’t even open. For example, in the “Accounts and platform” section, there is a dedicated part for deposits and withdrawals, but it doesn’t actually exist, as opening it results in a 404 error. Additionally, besides English, the site only supports Russian, which looks very suspicious.
Despite generously providing some facts, Entrust Capital Limited did not list the names of its founders and directors, forgot to add legal documents, and didn’t explain its order execution model.
Company Contacts
To contact managers, there is an email address and a British phone number. Unfortunately, checking these provided no useful results. Other ways to communicate with staff are absent. While an online chat would be very useful for clients who don’t want to call another country but want to quickly clarify some issues, this option is not available. Communicating via email is slow and inefficient. Office addresses are also listed, but we will discuss them further later.
Key Conditions
There are numerous flaws and shortcomings that can be seen in Entrust Capital Limited’s trading environment. For example, there is no demo account, so to test the platform, you need to deposit at least 100 euros. The broker doesn’t even offer a cent account for beginners to trade with 1-10 euros.
Notably, the leverage is high, reaching up to 1:500. Financial commissions and government regulatory bodies prohibit brokerage companies from offering leverage higher than 1:30. Apparently, this broker does not hold licenses, as it offers such high leverage. Remember, using borrowed funds increases not only the potential income but also the risk, and most traders lose their deposits because of this.
Entrust Capital Limited claims to offer competitive pricing but does not specify the exact size of commissions and spreads. This is another disadvantage because it’s impossible to determine whether trading here is beneficial or not.
Exposing Entrust Capital Limited
You cannot trust brokers; you must always double-check all their statements and facts. The company was registered in Dubai in 2018 — this is the information presented on the official website, but is it true? It is enough to refer to the DFSA register to get all the necessary data.
So, in 2018, a company Entrust Capital Limited was indeed registered in the DFSA. However, its activities include arranging deals in investments, advising on financial products, managing assets, and arranging credit & advising on credit. Nothing related to brokerage services. The phone number also differs. Thus, the organization in the DFSA and the company with the website entrustcapitalltd.com are two different firms. It was even possible to find the domain of the real organization — entrust-capital.com. So, the broker is hiding behind someone else’s license and founding date.
Does Entrust Capital Limited actually have licenses? Not in the DFSA, nor in the FCA. Why the FCA? Because besides the office in the UAE, the firm boasts branches in the UK, which means it should be regulated by the British financial commission. As you can see in the screenshot below, such a broker is not listed among the legal companies in the FCA.
Judging by the domain entrustcapitalltd.com, the platform has been operating for a very short time. The domain was registered in July 2024, not in 2018. It is unlikely that an online broker could have operated for six years without a website. The firm not only lacks licenses and provides fabricated office addresses but has also existed for just a month.
Of course, the information from Entrust Capital Limited about billions in turnover, 88 thousand clients, and 13 million open positions is fake. The company cannot substantiate such claims. And the last point, indicated on the main page of the site, is also fictional. For some reason, the firm lists a ticker on the Swiss Stock Exchange — SQN, which belongs to a completely different organization named Swissquote, and claims to have a license from FINMA. This nonsense cannot be trusted either; it is as fake as the DFSA, the offices in the UK, and the tens of thousands of traders.
What Reviews Do Users Leave?
The platform launched very recently, so there are almost no reviews of Entrust Capital Limited on the internet. They are just starting to appear gradually. This again proves the short existence of the company.
Conclusions
This Entrust Capital Limited review examined a fraudulent company and its attempts to deceive traders into taking their money. Scammers use someone else’s name and data to appear as a safe broker to potential clients, but this is not true. There is too much fake information, and the activities are illegal, so you should not trade here.
Pros/Cons
- Low initial deposit.
- All facts about the company are fake.
- The actual operating period is too short.
- There are almost no reviews on the internet.
- Illegal and fraudulent activities.
I registered an account because I wanted to deposit funds to trade. I thought entrust capital ltd really had licenses and had been operating for a long time, but it turned out that all this was fiction and fairy tales. In fact, I became suspicious of this company as soon as I saw the primitive personal account and the terrible trading platform. I had no desire to actually deposit funds.
After I found out that the licenses were fake and that they had no real offices, I decided to write my review. In general, I will try to write reviews about these scammers everywhere, as they provide fake brokerage services to steal people’s money.