Tangent Capital Pro, a relatively new player in the financial brokerage scene, claims to offer a professional and secure trading environment. However, an in-depth review reveals numerous red flags that cast doubt on the legitimacy of this platform. In this comprehensive analysis, we explore key aspects such as legal standing, trading features, customer support, and more, to help potential investors make informed decisions.
Tangent-capital.pro operates as an online trading system, utilizing computer software to facilitate trades across a diverse range of financial instruments, including stocks, commodities, forex, indices, bonds, and cryptocurrencies. The platform aims to provide users with opportunities to generate income through online trading activities.
In addition to cryptocurrency trading, Tangent Capital Pro offers various investment plans, allowing users to potentially earn a percentage of their invested funds within a relatively short period. Investment platforms like Tangent Capital Pro are digital spaces where individuals can allocate their capital to various financial products, such as stocks, bonds, and mutual funds.
The Financial Conduct Authority (FCA) has also published a warning about this company.
The user experience on Tangent-capital.pro involves creating an account, depositing funds, conducting research on available investment options, executing buy or sell orders for securities, monitoring portfolio performance, and accessing additional features like financial goal planning. It’s worth noting that different investment platforms may offer varied features and fee structures.
One notable observation is the absence of links to social networks on the Tangent-capital.pro website. In the digital era, the inclusion of social media links is a common practice among reputable platforms, as it fosters customer engagement. The lack of such links might raise suspicions, as established web stores typically use social profiles to connect with their user base.
Furthermore, Tangent Capital Pro appears to have a low number of visitors. While this may be normal in specific cases, for an online trading platform, it could be viewed as a potential red flag when considering user interaction.
The trust score of Tangent Capital Pro is notably low, suggesting a significant likelihood that the website may be associated with fraudulent activities. Users are advised to exercise caution when dealing with this platform. The trust score is generated by evaluating factors such as ownership details, location, popularity, and reviews, with a focus on identifying potential risks such as fake products, threats, and phishing attempts.
It’s important to acknowledge that the algorithm used to assess the trust score is not infallible, and there is a possibility that Tangent Capital Pro may be a legitimate and secure site despite the low rating. Therefore, it is advisable for users to conduct their own research and exercise due diligence before engaging with the platform.
Legal Info and Regulation:
When engaging in investment activities, it is imperative to exercise caution and prioritize security by opting for a licensed broker. This ensures a level of protection that is crucial in the financial realm. It is advisable to exclusively consider Tier 1 licensed firms, those holding reputable licenses such as FCA, ASIC, or BaFin. Aligning with such firms not only enhances the overall trading experience but also provides a maximum level of assurance.
On the flip side, associating with unregulated companies, such as Tangent Capital Pro, can lead to various complications. Notably, Tangent Capital Pro is prominently featured on numerous warning lists, adding a layer of concern for potential investors. What exacerbates the situation is that the regulatory bodies issuing these warnings are considered trustworthy within the European context. Key among these regulatory authorities are FSMA in Belgium, CONSOB in Italy, CNMV in Spain, and ASF in Romania.
This wealth of cautionary information underscores the importance of conducting thorough due diligence before entering into any financial transactions, especially when it involves entities with dubious regulatory standings like Tangent Capital Pro. Investors must prioritize the security of their funds and adhere to established regulatory frameworks to mitigate risks and ensure a secure investment environment.
Victims and Targeted Countries:
Operating since 2023, Tangent Capital Pro has garnered attention for all the wrong reasons, appearing on warning lists issued by respected regulators such as FSMA, ASF, CNMV, and CONSOB. The platform primarily targets users in highly regulated countries, including the United States, France, Turkey, the United Kingdom, and the Netherlands.
Leverage, Commissions, Spreads, Fees, and Taxes:
Another noteworthy aspect of this company lies in its utilization of leverage, boasting a ratio of up to 1:200. However, this signals a lack of regulation, as licensed firms typically adhere to specified leverage limits, such as 1:30 or 1:50. The provision of higher leverage is usually reserved for professional traders under exceptional circumstances.
Regarding additional fees and spreads, the company asserts that it imposes minimal charges. However, there is considerable skepticism surrounding these claims. Furthermore, they purport to offer negative balance protection, a feature that is doubtful in its implementation.
It’s essential to scrutinize such statements with caution, as the discrepancy between stated attributes and actual practices can be indicative of potential risks associated with the company’s operations. Traders should remain vigilant and thoroughly assess the credibility of these claims to make informed decisions about engaging with the company’s services.
Bonuses and Trading Features:
Typically, companies refrain from explicitly disclosing bonus offerings, but a careful examination of the terms and conditions exposes a potential drawback related to non-deposited funds. These clauses are strategically designed to create barriers for traders attempting to withdraw funds seamlessly. One common tactic employed in such instances involves the imposition of minimum trading volumes.
The utilization of the minimum trading volume method can significantly impede traders from accessing their funds, raising concerns about the transparency and fairness of the trading platform. The intricacies of these clauses may go unnoticed by traders, making it crucial to stay informed about potential pitfalls.
In order to safeguard against falling victim to bonus scamming tactics, it is imperative for traders to develop a keen awareness of such schemes. For a more in-depth understanding of these strategies and how to recognize them, we recommend delving into our comprehensive review of Atomic Trade. This review aims to empower traders with the knowledge needed to navigate the intricacies of bonus offerings and protect their investments from potential scams.
Trading Platform, Assets, and Account Types:
Rather than utilizing trusted platforms like cTrader or MetaTrader, Tangent Capital Pro opts for a web trader, raising concerns about security and manipulation. The available tradeable assets are limited, with a notable absence of indices and crypto assets. Account types are distinguished mainly by the required minimum deposit and leverage, ranging from the Small account with $100 to the VIP account with a $40,000 minimum deposit.
Mobile Trading App, Demo Account, and Education:
A notable drawback of Tangent Capital Pro is the absence of a mobile trading app, limiting accessibility for traders on the go. The lack of a demo account further restricts users from exploring the platform’s features risk-free. The educational package provided by the platform is subpar, offering basic materials and glossaries that can easily be found elsewhere.
Withdrawal and Customer Support:
Withdrawals from Tangent Capital Pro are surrounded by uncertainty and potential issues, with the platform taking up to 7 days to process requests. Verification and fee-related complications add further challenges for users attempting to retrieve their funds. Customer support is another weak point, with only email and a web contact form available during limited hours, from 10 AM to 7 PM.
What to Do If You Fell Victim to the Tangent Capital Pro Scam:
A. Stop All Engagement with the Platform
Cease any further engagement with the company, including accessing the website, replying to emails, or contacting customer service representatives.
B. Document All Your Activities and Losses
Gather evidence by taking screenshots of your account, transaction receipts, emails, and message logs. Create a record of damages, including money, crypto, or personal data lost.
C. Report the company to All Relevant Authorities
File reports about Tonpex, their social media channels, and associated payment processors to local and international authorities, including the police, FTC, CFPB, social media platforms, domain registrars, and cryptocurrency exchanges.
D. Reset All Account Passwords
Immediately reset passwords for your email, financial accounts, crypto wallets, and other sensitive logins. Enable Two-factor authentication for additional security.
E. Run a Malware Scan
Check your devices for malware using a trusted antivirus program to remove any viruses or spyware from the scam site.
F. Install an Ad Blocker
Install an ad-blocker to block malicious ads or phishing attempts, providing an additional layer of protection.
G. Warn Others about the Scam Dangers
Spread awareness about the tactics of the company and similar crypto scams in your social circles and online communities. Share your story to prevent others from becoming victims.
H. Consult Legal Options for Potential Recourse
Discuss your case with an attorney to explore potential options for pursuing the scammers and recovering stolen funds. While challenging, victims have sometimes gained restitution through civil lawsuits and class action cases.
Conclusion:
Tangent Capital Pro raises significant concerns about its legitimacy and transparency. The lack of regulation, warning notices from reputable authorities, and a series of questionable practices make it imperative for potential investors to exercise caution. If you’ve fallen victim to this platform, seeking professional advice for fund recovery is recommended.
FAQ Section:
1. What is Tangent Capital?
Tangent Capital is an unregulated brokerage involved in scams across the globe. Despite its claims, the platform has been exposed through numerous warnings.
2. Is Tangent Capital Pro a Legit Broker?
No, Tangent Capital Pro lacks any regulatory licenses and has received multiple warnings from reputable authorities, making it far from a legitimate broker.
3. Can I Recover Money from a Trading Scam?
Yes, legal procedures for fund recovery from scams offer a chance of success. Reporting fraud and filing a complaint are crucial steps towards reclaiming lost funds.
For more genuine reviews on this kind of company, visit the website at www.marketrefree.com