How can a broker from the USA offer trading on financial markets without a license, and moreover, promise returns of up to 12%, if this is prohibited in that country? In this Astoria Capital Markets review, the platform will be exposed as not being a brokerage at all. The company is not what it claims to be; it is actually a scam and another fake entity where you definitely should not invest money.
Brief Overview
- 🖥Official Website: astoriacapitalma.com
- ✈️Contact Address: 344 Willis Ave Mineola, NY 11501, USA
- 📞Customer Support: [email protected]
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2024
- 🧰Specialization: investment service
- 🤝Terms of Cooperation: $100, 3-6%/weekly
- 💰Additional Services: no
Astoriacapitalma.com Examination
A lot of meaningless text, repetition, images generated using artificial intelligence, and minimal necessary and specific information — this is how the official website of this company can be characterized. In addition, Astoria Capital Markets confuses the user and misleads them by talking about trading on financial markets, but in the account types description, returns and deposit terms are mentioned, which essentially indicates investment services, not brokerage.
Most of the information can be ignored as it is pointless and useless. On the main page, Astoria Capital Markets talks about its advantages, which are not used in practice, and also tries to lure clients to its platform by aggressively advertising and praising its services. The abundance of the prefix “AI” speaks to the use of popular themes around the world for the same purpose — to attract new investors.
Instead of a user agreement document, a Privacy Policy opens, and instead of a proper and high-quality human translation into different languages, the company has connected an automatic Google Translate plugin. The site looks very cheap and ugly. It was definitely not worked on and there was no effort to make a quality resource. At the top, standard buttons for account registration were added, as well as sections with information about the company, the ecosystem, and contacts.
Company Contacts
You can contact the managers of Astoria Capital Markets through online chat or email. There is no point in writing in the online chat, as they respond that the staff is busy and you need to leave your personal email address. So why create a chat, which is meant for prompt communication, if the system still redirects to email communication?
Moreover, the email address listed in the “contacts” section turned out to be non-existent. The company provides fake contact details — can it be trusted in such a case?
Key Conditions
Astoria Capital Markets calls itself a brokerage company, misleading traders, as it does not actually offer independent trading on financial markets. Instead, clients are offered passive investing, with returns supposedly generated by artificial intelligence that automatically trades and earns money. A typical legend for the High-Yield Investment Project (HYIP).
They have developed a classic range of investment plans, consisting of 4 options:
- Lite. The minimum entry amount is $100. Returns are 3% weekly, with a minimum investment period of 1 month. The capital is returned to the investor.
- Base. At least $10,000. Lasts 2 months, and the profit is 4.5% weekly.
- Prime. 6% weekly, from $50,000, and the term is 3 months.
- NFP. Fixed deposit of $50,000, ROI of 12%, lasting 24 hours. Trading occurs once a month when the economic indicators from the USA, known as Non-Farm Payrolls (NFP), are released.
3% weekly is 144% per annum without considering reinvestment of interest. To be honest, this is a very high return, which is unlikely to be possible through trading on financial markets. Such an offer usually comes from financial pyramids that do not have real activities.
Additionally, it is worth pointing out the presence of a partner program at Astoria Capital Markets. It has three levels:
- First level — 7% reward from the referral’s deposit.
- Second level — 5%.
- Third level — 2%.
Such high interest rates for investments and a three-level partner program are guaranteed signs of a HYIP. These investment projects are dangerous, as they all turn out to be fraudulent and eventually close, causing clients to lose money.
Exposing Astoria Capital Markets
So, there are already two signs that the project is a HYIP. These are excessively high returns and a three-level partner program. Next, we need to check if the company is really based in the USA, if it has any licenses, and how long the platform has been operating.
Checking the registration of a legal entity in the USA is actually pointless. Firstly, the website does not mention regulation by American controlling authorities. Without a license, no organization accepting funds from investors can operate. In this country, regulators strictly control such platforms. Secondly, this type of firm, where a fixed high-interest rate is offered, is definitely prohibited in the USA. The creators of such projects are jailed. Thirdly, apart from the address in the USA, nothing else is mentioned — no registration number or legal documents.
How long has Astoria Capital Markets been operating? This information is missing from the website. However, it can be confidently said that the company is young and started operating very recently. Using the Whois service, you can find out the domain registration date of astoriacapitalma.com, which will be the platform’s launch date. The platform launched in July 2024.
Another confirmation of the lack of regulation is the absence of mandatory KYC procedures. The KYC policy document is missing from the website, and there is no functionality in the personal account for uploading documents. Any organization working with clients’ money is required to know who its client is, which means verification is mandatory.
The last point, which also confirms the illegal activities of the company, is the methods of depositing funds. Astoria Capital Markets accepts money only through cryptocurrency. In this case, it is almost impossible to establish the identity of the payment recipient, which means the project’s founders can remain anonymous. Additionally, if you send money, only the wallet owners to whom the money was sent can return it. There can be no chargeback, and the transaction cannot be canceled due to the nature of the technology.
What Reviews Do Users Leave?
Firstly, there are very few reviews about Astoria Capital Markets; you can count them on the fingers of one hand. Secondly, only positive comments are published on the internet, which means the project orders fake positive reviews about itself. Thirdly, they only started appearing in July this year, right after the website was created. Coincidence? No, another proof that the company is young and lacks substantial experience.
Conclusions
No license, a fake address in the USA, many signs of a HYIP, a very short period of operation, few reviews, and fake positive comments — the number of red flags is overwhelming. Astoria Capital Markets is a fraudulent company that attracts investors with favorable and enticing conditions but then steals their money. Investing here is not recommended.
Pros/Cons
- Partnership program.
- Illegal activity.
- A huge risk, as it is HYIP.
- A small period of work.
- Fake address in the USA.
As an experienced investor, I recommend not collaborating with Astoria Capital Markets. This fraudulent company launched recently and has not yet scammed its users. If you do not want to be among the victims, it is better not to invest here. I am 100% sure that such a fraudulent project will close soon! I have seen many similar investment firms and all these pseudo-reliable and pseudo-profitable stories ended the same way – with tears, scams, lost money and terrible consequences.