Beware! TJV Capital is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Warning! TJV Capital is everything else, but a true Forex broker! This entity gave us countless scam signs, which unquestionably proves that you should never deal with it! First thing to note is the amateur-ish website presented, which is broken and ugly, certainly not suitable for a company that will ask for money from you. Other than that, TJV Capital doesn’t reveal any valuable piece of information about itself. It is a fraudulent Forex creature that shouldn’t be trusted, read on to find out everything you need to know about this broker in the full TJV Capital review.
TJV Capital REGULATION AND SAFETY OF FUNDS
TJV Capital claims to be NFA regulated, but this is a pure speculation and a lie:
In fact, TJV is an approved member, but it doesn’t automatically means that they have the license to operate as a Forex broker. In order to obtain a license, a broker needs to meet the capital adequacy requirements in the US– minimum initial capital of 20 million USD. TJV Capital has applied for a Forex license, but later withdrew it for some reason, which is unknown to us.
In their Client Agreement, however, TJV Capital claims to be registered and regulated in Hong Kong, which is a red flag and a warning to the traders, because it’s nowhere on their website that they mention something about HK regulation:
Our check in the register of HKFSC produced no results, which is the super ultimate red flag in combination, have a look:
Your funds are not safe if you make a deposit with TJV Capital, it’s an unlicensed, unauthorized and unregulated fraudulent Forex broker, which is trying to deceive the traders about its legitimacy. It’s a scam and must be avoided!
Your choice should always be a transparent, legitimate and regulated Forex broker, preferably in Europe, holding CySEC(Cyprus) or FCA(UK) license. These jurisdictions created the safest financial environment for your deposits and it’s guaranteed that the authorized European true Forex brokers will treat your funds with an utmost care.
Above all, money protection funds were inaugurated throughout Europe, such as ICF(under CySEC) and FSCS(under FCA) which guarantee the deposits made by the customers. In Cyprus you can make a claim of up to 20 000 EUR, while in UK the guarantees are of even up to 85 000 GBP.
TJV Capital TRADING SOFTWARE
Warning! TJV Capital requires a copy of your ID or Passport and the numbers in order to sign-up. It’s the ultimate scam sign, which makes us believe that the so-called Forex broker might as well be conducting an Identity Theft! You should never ever submit copies of your documents during a registration!
Otherwise, TJV Capital claims to offer Metatrader4 accounts to the traders, Metatrader5 is not available. The EUR/USD spread is 2 pips most of the time, while the maximum leverage level is of up to 1:100, but it is said that an increase to 1:500 is possible.
Demo accounts are available, but it’s certainly not recommended to trade with a scam Forex broker.
TJV Capital DEPOSIT/WITHDRAW METHODS AND FEES
The minimum initial deposit with TJV Capital is quite a boggy matter! The minimum is said to be $100, free of charge:
On the other hand, if you do not want to submit a picture of your bank card with them, the minimum Wire Transfer deposit is $2000, an obvious scam sign! They apparently want to make you send them a copy of your bank card! We have to repeat it again, you should never submit copies of documents containing your personal information to shady and controversial entities, or people who are randomly approaching you in the Internet or over the phone!
Fairly speaking, we weren’t really able to understand the funding methods, due to the illiteracy and the poor presentation skills of the people standing TJV Capital. Nonetheless, we assume that Wire Tranfers, Credit/Debit cards and Crypto payments through various e-wallets are available.
No minimum withdrawal amount specified, but you have to trade at least 5 lots in order to make a withdrawal, which is a totally unfair condition and a scam sign.
No dormant account policy and no fees for inactivity specified.
No bonuses or other forms of trading incentives are offered.
No Partnership programs are introduced.
Our verdict: TJV Capital shows way too many red flags and scam signs, the service is totally unprofessional and the website is far below the industry standards. Keep your money safe and stay away from TJV!
HOW DOES THE SCAM WORK
The scam is a financial crime but the scammers successfully remain anonymous, operating across different jurisdictions and shady offshore zones, which makes it difficult for the law enforcement agencies to carry out their tasks. You need to learn how to protect yourself and recognize the danger as soon as you face it. There are some very common typical scam features, which you should remember, it’s for your own benefit to do it:
- Scammers withhold legal information about themselves because their enterprise is illicit! They will not publish details, which can undoubtedly prove the legitimacy of their business, because there aren’t any.
- Scammers are more often than not registered offshore, in tax haven jurisdictions with no regulations. It helps them remain anonymous and unpunished by the law.
- Scammers will always promise big and offer risk-free trades, 100% guaranteed returns, top-notch trading conditions, expert advisers and FX robots that are always correct about the market, etc. A true Forex broker, however, will do exactly the opposite, explicitly warning you that FX and CFDs trading is very speculative and that there is a significant risk for your investments.
- Scammers are crazy about bonuses and promotions. We have to stress on the fact that in EU and UK the bonus programs are banned, and no legit Forex broker is allowed to present trading incentives as such! It is a scam if a Forex broker offers you a deposit bonus.
- Scammers will always be in a hurry, pushing you to make a deposit with them. Their impatience is an obvious scam sign, it is a fraud if someone insists from you to start investing as soon as possible.
- Scammers will be aggressive, they won’t take “No” for an answer and might carry on annoying you for a very long time- days, weeks or even months.
WHAT TO DO WHEN SCAMMED
No one is immune to scam, anyone can fall into the trap. Scammers are constantly looking for new and different ways to scam the people. What you need to do first, in case you got scammed, is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you important instructions to follow and will help you, if possible, recover your money.
Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing. Seek help actively!
Share online your experience, it is important to protect others, as well. Be responsible!