Brokerage Capital originally started out as a Tradologic powered binary options broker. At the time it offered a variety of assets in a less than fancy trading environment and a very coarse customer service desk, but still had a decent offering and some traders really liked them as you can see in various reviews that are still available these days.
As time progressed they made some changes, but were unable to keep up with the constant and fierce competition so eventually it just ended up as a virtual garbage dump and today you will not even be able to trade with them even if you wanted to (and I don’t recommend it).
Furthermore, it was bought to my attention that the ownership changed hands a few times and as much as they tried to improve they found themselves resorting to old bully and SCAM tactics of delaying payout requests and eventually declining withdrawal requests altogether without any explanation, shutting down trading accounts with balances without notification, and trading for the client without written approval and losing funds.
Ultimately this broker became a fully fledged honorary member of the SCAM rat pack with some astonishingly horrific stories being told by traders who had their accounts locked with thousands of dollars in winning funds waiting to be traded or cashed out.
So here’s a quick recap of SCAM brokers you should avoid at all costs: Optimarkets, TraderXP, Cedar Finance, Global Trader 365, XPmarkets, Amber Options, Sycamore Options, TradersKing, Regal Options, and XB24.
There are some other active shady operations and they are all unregulated, however one must keep in mind that there are some brokers with no regulation that are very honest and have an impeccable reputation for paying out on time and resolving a variety of issues that are not directly related to funding your account.
This is especially relevant if you are a US-based trader looking for a way to invest, you will not find many options these days so tread carefully and make sure you partner with the right broker after doing your research and asking them difficult questions specifically concerning withdrawals policy and bonuses.
If you found this broker to be problematic please let me know ASAP.