Bold claims from brokerage firms are increasingly popping up across the internet. “Innovation, success, leadership!” — these are the words that greet you on Seekapa’s website. Alongside them are positive reviews, but are they real or fake? Let’s find out if this platform is a scam or a legitimate broker.
Brief Overview
- 🖥Official Website: https://seekapa.com/
- ✈️Contact Address: Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
- 📞Customer Support: [email protected]
- 🔐Licensing and Accreditation: SFSA
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $500, 1:400
- 💰Additional Services: signals, referral program
Seekapa.com Examination
Let’s start with the official website, as this is the first thing potential clients encounter. At first glance, it seems like a unique brokerage site with an interesting design and style. However, this impression doesn’t last long. The site is clearly designed to make an initial impact, but a closer look reveals its flaws.
The purple background is certainly original, but it quickly becomes tiresome to the eyes. The colors are overly bright, while the font is small. Trying to read anything important feels like a challenge — a “decode this mess” kind of game. This doesn’t make Seekapa’s site user-friendly. The top menu is standard, and the footer contains legal information and a risk disclaimer. Nothing stands out as exceptional.
When it comes to content, things get even worse. The descriptions are filled with phrases like “cutting-edge technology”, “top-notch support”, and “success guaranteed”. However, where’s the proof? Where are the real facts, figures, or data? They’re nowhere to be found. Instead, you get cookie-cutter phrases and empty promises. It feels like the text was written not for traders but for teenagers. The broker’s goal is clear: to lure as many clients as possible with sweet words and false guarantees. Ten years of experience? How can they even prove it?
Now, let’s talk about the visuals. The graphics look cartoonish. Why are there animated figures on a brokerage site? They look cheap and uninspiring, more suited to a children’s app than a trading platform. These details create an overall impression of unprofessionalism — it seems more like a quickly thrown-together project than a serious company.
To sum it up: the design is flashy but inconvenient; the content is hollow, the structure is confusing, and the graphics are, to put it mildly, unprofessional. If Seekapa can’t even properly design its own website, how can anyone trust it with their money?
Company Contacts
As for contact information, here’s the situation: there’s an email address but no phone number. Sure, in 2024, not many people will rely on phone calls when they can send a message. However, instead of a live chat for immediate support, they use WhatsApp. And what if a trader doesn’t use that messenger? Should they install it just to contact customer service? Where’s the customer-centric approach? Any serious broker provides a proper live chat feature.
Seekapa also includes links to social media accounts, but it would have been better if they hadn’t. What’s the point of linking to a Twitter account belonging to someone whose last post was on March 14, 2009? Their Instagram account is also empty. It’s laughable to see claims of “10 years of experience” on the homepage when the company can’t even maintain its social media presence.
Key Conditions
The minimum deposit at Seekapa is clearly overpriced at $500, and there’s no mention of a demo account or a cent account. This means clients must invest at least $500 just to practice — a significant amount, especially for beginners with no financial market experience. It seems the company aims to extract more money from its clients by setting such a high entry barrier.
Notably, this $500 is for the first account tier. For higher-tier accounts, the minimums skyrocket to $5,000, $10,000, and beyond. The firm promises better conditions for these pricier tiers — a classic scam tactic designed to pressure traders into investing more funds.
Spreads start at 1.8 pips by default, but there’s no live table displaying specific rates for each instrument. As for commissions, there’s no information at all. Either there are none, or they are quite high.
Seekapa offers leverage of up to 1:400, which is unsurprising for an offshore broker. The company clearly doesn’t adhere to the requirements of serious regulators, but we’ll touch on that later. Such high leverage poses significant risks for users. It’s worth reminding that more than 75% of traders lose all their funds due to leveraging.
Additional services are minimal: an affiliate program, trading signals, and a personal account manager. However, access to most of these features requires activating an expensive account tier. Oh, and the broker also offers deposit bonuses — of course, another typical offshore gimmick.
Exposing Seekapa
To determine whether we are dealing with a scam or not, it’s essential to examine the legal information. The company lists Bluepine Ltd as its legal entity, with an address in Seychelles. This firm is indeed registered in Seychelles, as confirmed through the FSA registry.
However, Seychelles is a favorite haven for offshore brokers. The Seychelles Financial Services Authority (FSA) is not known for imposing strict requirements. In other words, the SD183 license that Seekapa mentions guarantees nothing. Need proof? Compare it to licenses from the FCA or CySEC — the difference is night and day.
This license isn’t a safety guarantee; it’s more of a warning sign. While it allows the company to appear legitimate, it provides minimal actual oversight and protection. If a broker boasts an SFSA license, you should think carefully before entrusting them with your money. Reliable companies typically operate in countries with strict regulations, such as the UK, EU, or Australia, rather than registering in offshore jurisdictions.
Additionally, the company is very new. Seekapa is a young forex broker that launched in 2024. Yet their website claims 10 years of experience — what experience? This is nonsense. The domain seekapa.com was registered in 2024.
What Reviews Do Users Leave?
Another indication that this is a young, obscure platform with no clients is the lack of reviews. Try finding comments online instead of relying on the testimonials on their official website — you’ll find almost none. As previously noted, their social media accounts have no followers. Clearly, this is a company with no name and no clientele — can such a broker be trusted?
Conclusions
So, is Seekapa your path to financial freedom or just a basic scam targeting beginners? The answer is clear: trust only what is proven by time and strict regulations. Here, there are far too many red flags to risk your money. We cannot recommend such a pseudo-platform for trading.
Pros/Cons
- The firm is officially registered in Seychelles.
- It lacks a license from a reputable regulator.
- Offers unfavorable trading conditions.
- There are no reviews online.
- Very short operational history.
Can someone please advise how to get my money back? The scammers are not responding to me via WhatsApp or email. My withdrawal request has been pending for two weeks with no progress. My balance is $1,200, and the withdrawal request is for $300. Even such a small amount is being blocked by these fraudsters. Are there any chances of recovering the money, or should I just forget about it forever? Experts, please help.