Is Fostercap.com a scam or a legit broker? Read Fostercap Review
Fostercap.com Scam is a suspicious broker that is not regulated by any authority. In setting up this Fostercap review, we came across several warning signs that make this broker untrustworthy when it comes to investing your money. Let’s take a look at the issues with Foster cap.
Website – https://Fostercap.com/
Address – NA
Warned By – Not Recommended By Review Website
About Fostercap Scam
Fostercap is an online trading platform that professes to offer the earning of automated revenue. But in reality, it is one of the potential scams. The terms and conditions of Foster cap don’t indicate a relevant jurisdiction, which makes this broker more suspicious. So, it is smarter to get your money far away from this broker if you do not want to lose it.
Fostercap.com Review: Regulation
The most significant thing about a genuine financial service provider is their regulatory status. Licensed brokers share information about the owner of the company, its location, and its proven license.
As per Fostercap website, it is located in an offshore region. We cannot find it in the database of FCA, FINMA, SEC, FMA, ASIC. So, we are for sure that Foster cap is not a legit entity.
Fostercap.com Scam Review: Trading Condition
Legitimate brokers offer various trading account types to meet investors’ requirements. These brokers share a piece of information about commissions, spreads, leverage, etc. But, we found no specific information about Foster cap trading conditions. The lack of regulation raises suspicions about the company’s legitimacy and raises concerns about the safety of clients’ funds.
Suspected scam activities that Fostercap Scam may do
Here are some potential justifications for why we classified this broker as a scam in this Foster cap review.
- The broker may make various misleading claims and promises on its site.
- The reward, guidelines, and withdrawal approaches are not authentic.
- The broker continuously calls you and asks you to invest more to get a good profit.
- They offer rewards that sound too good to be true.
- The broker did not reveal any risk warnings on its website.
- The broker chooses an offshore region as there is no proper regulation or registration required.
- The broker shows you the profits you gain from your investment, but when you ask to withdraw your money, the broker will start giving you ill-conceived rules for withdrawals and can’t let you get your money back.
What should you do if you’ve been scammed?
Firstly, you should understand that various scammers are looking to steal your money in different ways. They guarantee to return your money for a simple expense, but they never do so. They generally demand payment or investment via cryptocurrencies or some shady online payment platforms to make refunds impossible. Contact Us
It is clear from this Foster cap review that this broker is involved in scam activities. If you are a victim of the Foster cap scam, the best thing you can do to get your funds back is to contact the Report Scam team. You just have to report to us by filling out the above form, and our team will contact you. We will help you process your case and help you get justice. In addition, we provide a free consultation to educate you on scammers and scams.