Well that's a bit harsh isn't it?
Just branding this company as scammers instantly, just because I was sent there by another affiliates scammer site (Profit Build in this case) and without actually trading with them as a broker..
Well, if I was to tell you that this is an image at the bottom of their website:
Company Information: Triton Capital | Company address is:First Floor, First St. Vincent Bank Ltd Building James Street, Kingstown St. Vincent & The Grenadines | Company registration number: 247 LLC 2020 | The Triton brand is authorised in various jurisdictions around the world and is a reputable Forex & CFDs online brokerage.
Then perhaps you may start to sympathise with my viewpoint.
247 LLC 2020 is no kind of registration number, it is just 24/7 with LLC meaning Limited Liability Company and then the year 2020.
There is a word for people like this, but you do not often see it in print.
St Vincents and the Grenadines is one of the most remote places you can register a company on Earth. We haven't tried to register a dodgy brokerage in Greenland but perhaps we should.
Now here is a theory.
This brokerage is not real. They have phone numbers and people in London at an undisclosed address but these people are not brokers and have no understanding of the stock market or even what CFDs are. They are agents that take control of your computer with Teamvievwer or Anydesk and transfer your money into BTC or ETH. Then they transfer it elsewhere out of your view and you never see it again. In the meantime you are told to login to your broker account system and you see a balance. Whatever you do now, that balance will dwindle and they will encourage you to 'invest' more. If you do not they disappear. This is their system, they warned you about trading:
Risk Disclaimer: Trading derivatives can carry a high level of risk to your capital and you should only deposit and trade with money that you can afford to lose. As with all investments, your trades could see you lose as well as increase the amount of your investment. Trading derivatives may not be suitable for all investors, so please ensure that you fully understand all of the risks involved, and seek independent financial advice if necessary. Please read our terms and conditions
So why are you complaining?
CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities,indices and other underlying variables, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should be aware of all the risks associated with CFD trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for:
(a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or;
(b) any direct, indirect, special, consequential or incidental damages whatsoever.
Trading with Triton Capital Markets by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders and the overall risk associated in CFD trading or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an Triton Capital Markets Community Member is not a reliable indicator of his future performance. Content on Triton Capital Markets social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of Triton Capital Markets – Your Social Investment Network.
Leveraged means multiplied, and is a system of taking a large risk of capital when investing only a small amount. So if you leverage 50:1 and invest in the USD against the EUR and the market goes the wrong way by twenty points at $10 per point, you owe $100,000 USD.
It is not for the inexperienced trader.
If the risk disclaimer held any truth at all, it would read something like this:
CFDs (Contracts for Differences) are leveraged products meaning that you can lose all of your money straightaway and that we get to keep it, you only own a theoretical sum for a limited time and it has not resale value at the end of the contract. Soliciting options trading or CFDs in the US or Canada is illegal, that is why we use ridiculous ideas like Bitcoin Trader to ensnare innocent people without attracting the attentions fo the FBI/SFO. As many as 80% of all retail accounts lose all of their money on CFDs and that is why we pretend to offer them as it simulates you losing your money fair and square. We are registered in the most obscure nation on Earth to ensure that we are never held to account for our actions. Our actual office is somewhere in Sydney, London or New York so the voices are familiar but the legality is in the middle of the Pacific Ocean. Have a nice day!
This site will be replicated amongst a hundred brokers all registered to the same building which is just a bloke in an office who they pay to forward the mail. The trading page is fake and monitored/populated by the scammers, but how could you ever prove it?
As we can see they have Canada as an option for their customers even though soliciting their products to Canadian citizens is illegal. But then what country is is illegal in? Canada? Well they're not from Canada so they probably don't care!
