KapitalRS Exposure: Traders Report Withdrawal Issues & Trade Manipulation

Have you had to encounter numerous denials on fund withdrawals by KapitalRS, a Serbia-based CFD broker? Were you asked to pay additional fees for withdrawal access? Did you incur losses on your forex positions due to the confusion concerning the bonus? Does your overall trading cost go up due to the wide spreads charged by the forex broker? These issues have arguably become the highlight on several broker review platforms. In this KapitalRS article, we have elaborated on numerous complaints against the brokerage firm. Take a look!

KapitalRS Overview: Company Profile, Trading Platforms & Account Types

KapitalRS is a leading CFD broker across products such as forex, shares, indices, oil, agricultural commodities, and gold, etc. According to the official website, KapitalRS Inc is licensed by the Securities Commission of the Republic of Serbia. One can trade using the popular MetaTrader 4 (MT4) and Pro Trader, available on mobile and desktop. It offers real and demo accounts. However, information regarding the minimum deposit, leverage, commission and other aspects is not available on the website, creating transparency issues for traders seeking to invest here.

Explaining the Top Forex Trading Complaints Against KapitalRS

The Account Freeze Allegation Against KapitalRS

A Brazil-based user claimed that the broker froze his trading account and denied him access to his funds upon a withdrawal request. Frustrated by this, the trader sought assistance from a legal enterprise, which helped him successfully recover funds worth $47,000. Check out this KapitalRS review, where the trader highlighted this concern.

The Fee Payment Demand to Release Funds

A client reported the extra payment demand that the broker allegedly makes to allow withdrawal access. Seemingly scammed by this incident, the trader called it a fraudulent activity and advised others to stay away from it. This KapitalRS review shared by the trader also highlighted the role of a legal firm in getting the funds back. Take a look!

Multiple Payout Issues

Several traders have expressed concerns over the constant payout delays and backed away from recommending KapitalRS for trading. Check out the multiple screenshots highlighting payout issues.

KapitalRS $5,000 Bonus Under Scrutiny

A trader claimed that KapitalRS added a $5,000 bonus to his $5,000 deposit, creating the impression of a safer $10,000 trading margin. However, during trading, the bonus reportedly failed to protect positions once the trader‘s own funds were exhausted. Despite correctly predicting market movement, the user incurred losses and alleged that the bonus was merely a tactic to encourage larger trades. The issue has been escalated to Serbia’s securities regulator. For more details, read this complaint in writing.

A Claim Involving Huge Spreads, Unfavorable Credit Bonus Promotions & Irresponsible Employees

A trader claimed that the fixed spread charged by KapitalRS remains a minimum of 3 pips on EUR/USD. According to the complaint, there is no other currency pair with a spread less than this. The trader further expressed concerns over unfavorable credit bonus promotions while also criticizing the minimum withdrawal requirement of $100. The withdrawal process, according to the trader, is long and painful. Even the company employees allegedly failed to provide him with the required support. All that led to this negative KapitalRS review by the trader.

Alleged Misconduct by the Broker Official Over Client‘s Refusal to Invest

A trader reported misbehavior by a broker official after the former said NO to the latter’s constant requests of investing in KapitalRS. The official allegedly remained extremely unpleasant to the trader, according to the complaint. Here is the KapitalRS review shared by the trader in the Serbian language.

KapitalRS Review by WikiFX: Is It Regulated?

The multiple complaints against KapitalRS indicate operational glitches that the broker management needs to take care of. However, the biggest consideration was to find out its exact regulatory status. An in-depth investigation came out with the conclusion that KapitalRS had no valid regulatory license, contrary to its claims of being licensed by the Securities Commission of the Republic of Serbia. No regulation inevitably raises immense investment risks for traders. Keeping this in mind, the WikiFX team gave it a score of just 2.19 out of 10.

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