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In recent times, we have had a lot of complaints about a fraudulent platform called CTmatador, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that it is a scam platform. Just to clear any doubts, They are a SCAM.

If you have been scammed and you are looking for ways to recover your money from CTmatador, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

One of the best trading platforms for novices, seasoned pros, and professionals alike is CTmatador. Although this platform was introduced in 2020, it has now reached its zenith. I aim to provide you with the most accurate details possible about this outstanding broker through my CTmatador review.

CTmatador is not the broker you want if you want to trade with confidence and make money. This broker is attempting to deceive you into thinking that they are a significant, global organisation when they are merely unlicensed offshore scammers. Their entire presentation screams “danger”; if you don’t want to lose money, stay away from the broker.

Regulation and the safety of funds in CTmatador

With offices in the Netherlands, Singapore, Switzerland, the UK, and the Netherlands, CTmatador presents itself as a reputable international broker. However, a quick glance at the footer reveals that St. Vincent and the Grenadines is where the corporation that operates this broker is actually headquartered.

Our main issue with brokers operating in this nation is that they aren’t really regulated since it’s impossible for them to be. The SVGFSA, the local financial regulator, simply keeps an eye on the banking industry; it does not issue licences to forex brokers or enacts regulations governing forex trading. Due to the much stronger laws and restrictions that exist in stricter jurisdictions, many con artists have chosen St. Vincent and the Grenadines as the base for their operations.

We are not saying that all brokers with offices in St. Vincent and the Grenadines are con artists; numerous significant, global brokerages also have locations there. Such offshore branches serve the straightforward goal of the broker offering more enticing terms while avoiding regulations like those on leverage and bonus prohibitions. However, you can always track down these brokerages’ parent companies, which is not the case with CTmatador.

Choosing organisations with licences is the only way to ensure that your broker is dependable and will conduct business in an honest and transparent manner. A licence indicates that the broker has been given the seal of approval by a certain financial body, ideally a strict one. Due to the numerous standards, each and every certified broker must meet, such licences are also difficult to obtain. We suggest that you start by looking at brokers that are licenced in the UK, the EU, or Australia.

These businesses are typically a good choice because they are required to abide by stringent regulations and provide high-quality services. Of course, in order to maintain complete openness, all of these brokers must submit frequent reports to the relevant authorities. But the regulatory structure that organisations like the UK’s FCA, Cyprus’ CySEC, and Australia’s ASIC impose entails considerably more than just routine reporting. To demonstrate their financial stability, all brokers must maintain a minimum capital of A$1 million in Australia and €730 000 in the UK and the EU.

Money belonging to clients must be stored in separate bank accounts. This expedites withdrawals, demonstrates that the broker would be unable to utilise your funds for its own financial gain, and protects your investment in the event that your broker files for bankruptcy. Another crucial component of these brokers’ offerings is negative balance protection, which guarantees that you will never lose more money than you have in your account at any given time.

All of these safeguards provide a safety net that may be used as a backup, but if you choose an offshore broker over one who has been granted a licence by a respectable financial authority, you can forget about them as well as any semblance of security.

Software for trading, CTmatador

With its simple web-based software and lack of numerous tools we’re used to seeing on more sophisticated platforms like MetaTrader 4 and MetaTrader 5, CTmatador’s choice of the trading platform did not particularly surprise us.

The platform could appear to be a suitable option for a beginner because it is simple to use, but MT4 and MT5 are also simple to use. The difference is that MT4 and MT5 provide significantly more tools and options, including additional features like Expert Advisors, VPSs, Strategy Testers, a market for additional apps, customizable signals as well as the option to pay a small fee to subscribe to those set by others, as well as a wider selection of charting and analysis tools. Spending effort on con artists is useless because there are more than enough brokers that provide one or both platforms.

TRADER CONDITIONS FOR CTmatador

It appears like CTmatador is a very uncompetitive broker. They require a $250 minimum deposit, which is not a little sum in a market when many brokers would create an account for as little as $10.

Things started to become strange when we saw how little leverage we could use to trade, even on less volatile assets like currencies. Even though jurisdictions like the EU, UK, and Australia are less restrictive with regard to leverage and permit up to 1:30 on FX majors. Find brokers who can provide more appropriate rates – 1:1 is way too small and a bit of a safety overkill. Trading with larger leverage may be riskier and may potentially result in bigger losses, but it may also result in bigger returns.

The spreads we received on the broker’s platform, which were 1 pip on EURUSD, were quite good—we’d even say attractive. Although the broker hasn’t explicitly said whether or not they charge fees, we would assume they do, thus you could be in for some unpleasant surprises down the road.

Finally, we feel compelled to state that the sole Terms and Conditions this broker presented us with were the following:

We cannot emphasise enough how crucial it is to be given thorough legal documents; once you have access to it, carefully read them. Make sure you understand what you are agreeing to because many dishonest brokers insert questionable clauses in their Terms and Conditions.

DEPOSIT / WITHDRAWAL METHODS AND FEES FOR CTmatador

Only Visa and MasterCard payments made through the less well-known electronic payment systems ChargeMoney and FinanicNEW appear to be accepted by CTmatador. Both of these payment options are unknown to us, and from what we could discern, they could not even be real. The good news is that both payment processors permit chargebacks within 540 days of the transaction if you were able to deposit money with this broker using a credit or debit card.

This was the sole Bonus Policy we could discover on the broker’s website, which also offers bonuses but does not go into further detail.

Bonuses from these con artists always come with conditions; if you have this “free money” in your account, you might not be able to withdraw any money from it in the future.

HOW DOES THE FRAUD OCCUR?

Pay close attention to the next sections; it is vital to understand how such scams operate in order to avoid them. Fortunately, con artists frequently use the same strategy.

A broker on the Internet makes great conditions, incredible (nearly unattainable) returns, and cutting-edge platforms, in other words, everything you could possibly need. This is where the scam begins innocently. You decide to establish an account to see what all the hype is about after hearing stories of people who work as professional traders or make a respectable side income as retail ones. It’s unlikely that you didn’t pick the right candidates for the job. You must also provide your phone number and email address in order to register.

The broker will then follow you around until you send the deposit needed to start an account. And there is no doubt that you will at some point. These people make their living by using tact. Most con artists will do whatever it takes to get you to keep depositing money, so few of them will simply vanish. They will phone you, persuade you to deposit money, and then modify the results to make it appear as though you are making a significant profit.

Your broker will find various justifications for refusing withdrawals, such as additional taxes or provisions in the Terms and Conditions, once you attempt to withdraw those earnings (most often related to bonuses, or general withdrawal conditions). You will eventually realise there is a problem, but the con artists will have vanished by then.

A Secure Broker, is it?

Your investments are worth something with CTmatador. As a result, there is no cause for fear regarding the unfounded rumours surrounding this broker. It is completely legitimate and safe. For increased security, the platform complies with AML and KYC regulations. These policies provide impenetrable security in addition to giving it amazing functionality. It guarantees many aspects of its security.

Due to the significant financial investment required, many people opt not to start trading. The fact that you may trade with CTmatador with just $200 in cash is, nevertheless, a remarkable truth. Therefore, you don’t need to wait till you have a sizable investment.

CTmatador Trading Environment

The CTmatador trading platform is advantageous in every way that is related to trading. However, it works with every browser, including Opera, Google Chrome, and others. Simply by joining this captivating platform, which permits the installation of Expert Advisors, you can benefit. Because it contains a separate app for Android and iOS devices, it is also compatible with mobile devices.

Trading Equipment

As I already mentioned, this broker helps all levels of traders, including beginners. Some people choose to risk losing all of their life savings by investing a large sum of money. In contrast, some traders choose to assume less risk and invest a smaller amount of money. Because of this, CTmatador offers a variety of trading products, including forex, indices, shares, and both soft and hard commodities.

CTmatador Trading Conditions

This broker is extremely open with its investors and doesn’t hold anything back. Therefore, I will provide you with these crucial yet succinct details:

Trade window

The time of the markets in which they make investments is all that the traders can observe:

Forex and commodities

It is open from Sunday at 22GMT to Friday at 22GMT.

Trading for CFDs depends on the schedule of the various nations (USA, Europe, UK, and Asia)

revolving fees

In the event that exposure occurs overnight, CTmatador charges a rollover fee. Normally, it is 0.02%, but for cryptocurrency, it is 0.05%. This means that CTmatador typically doesn’t charge anything because it’s only a fraction of what other brokers charge.

Unused Account

If the account is inactive for more than three months, this broker charges $500. It is required since the system would only be burdened.

How do I begin using CTmatador?

The actions listed below must be followed in order to join this fantastic platform:

Approach the programme first, and the broker will email you the specifics.
Second, you must complete the registration form with some of your real information.
Third, make a deposit and begin trading your preferred assets.
The broker completes the fourth stage. After that, you can quite comfortably use all the services.

Final Thoughts

To help you make a decision, I’ve provided a tonne of reliable information on CTmatador broker. You’ll be able to see why I favour this broker after reading this review. In your free time, I urge you to check out this site and all of its features.

This article is sponsored and it might include user reviews. Such endorsements shouldn’t be taken as advice or recommendations and shouldn’t be used as such. We firmly advise you to get independent financial counsel from a licenced and qualified professional before engaging in any financial activity or making any investments.

We checked ctmatador.com for a number of red flags and believe the website might be fraudulent. Use this website with the utmost caution.

Each website is automatically reviewed by Scamadviser for 40 distinct factors, including who is the owner, whether the contact information is disguised, where the website is housed, what technology is being used, and a whole lot more. We generate a trust score based on all the data gathered.

Our algorithm gives ctmatador.com an extremely poor trust rating. Computers might be inaccurate, though. Although there are several signs that the website is a fraud, it may still be safe to use. We advise you to use our website inspection checklist or to get in touch with the business directly.

The CTmatador broker made sure that if you needed any replies, you would have to create an account with them. You require an account, according to the company’s FAQ site, and your individual account manager can address all of your inquiries.

Should you carry with this action and put your financial confidence in the company? Through our in-depth CTmatador review, we have expanded on it.

However, you can first improve your trading skills by reading broker reviews for FTI Finance, Buffets Finance, and NovaTechFX.

Regulation by CTmatador: No Regulatory Oversight
Wind Holdings Ltd, a company incorporated in Saint Vincent and the Grenadines, is the owner of CTmatador Forex broker. In 2021, we have seen an increase in the number of investment enterprises on this offshore island. The primary cause is a lack of regulatory oversight.

The FSA, the island’s regulatory organisation, declared itself unlicensed to deal in binary and forex options, establishing a legal grey area where anyone might set up shop.

Why Is A Trading License Bad? The FSA has explicitly said that brokers should choose to obtain a licence in the country of service, even though it may not be in charge. implies that the FCA, ASIC, BaFin, or any other Tier1 regulator should be in charge of CTmatador regulation.

We’ve checked and found that the company is unregulated and offering financial services illegally.

False Claims Regarding Regulation – No Such License
Each legal document that the business published had fictitious approvals. The phrase “Is issued as evidence of membership in Crypto Commission Authority” can be seen at the very end. You can see that the broker has a 100,000 EUR compensation fund in addition to this claim.

Keep in mind that there is no CCA (Crypto Commission Authority) and that this company has no compensation funds at all.

The CTmatador.com Scam’s method of victim contact
The broker CTmatador has a number of ways to get in touch with registered clients and potential scam victims. It’s crucial to note that the business is using the bogus cryptocurrency ad Bitcoin Pro, which has been blacklisted by the Spanish regulatory agency, to advertise.

After signing up, you may anticipate receiving a tonne of telemarketer calls and emails with various offers and promotions. You can also anticipate receiving numerous WhatsApp, Telegram, and other messages if you miss any of these.

The business may contact you through dating apps, Instagram, or even Facebook. Currently, scam companies use media like Grindr, Bumble, and Tinder to target their victims.

The con may go on for several months, giving them time to gain your trust until they suggest a combined investment with CTmatador or other shady businesses like Gravity Trade or OrbitGTM.

What Does Support Do for the CTmatador Support Team?

Highly skilled support staff from the company is in charge of demanding the money. Once you register with the broker, you will feel compelled to make an investment immediately away, with all kinds of justifications given for why you don’t have time to consider it. Your personal account manager, whose responsibility it is to suggest financial plans and request additional funds every few days, will be assigned to you after you begin investing.

At the same time, this person will take all measures necessary to save you from going through withdrawals. You’ll hear it all, from the trading chance you can’t miss to the fictitious Terms and Conditions that forbid withdrawals.

Only the Truth in Authentic CTmatador Traders Reviews

If you look up CTmatador on Trustpilot, you’ll discover that the broker has a terrific rating, receiving 3.8 stars. A Trustpilot caution that some reviews might be false will also be displayed. Although the business makes a valiant effort to only publish positive remarks, eventually the truth comes to light.

They use Anydesk to take over your PC; this is against the law. So I called the police and reported them today.

As soon as we registered for a Demo account, we had access to the fundamental Trading Chart, which has three different chart types and three different sets of indicators. You have access to social trading through the platform. However, given that switching to daily or weekly best-ranked is not possible and that there was a client who had made 1,400% profit at the time of this review, it may be simple to conduct an overview of bots.

Before we continue, we just want to point out that SagaTrade, TradedWell, and BitcoinEra are all fraudulent brokerage firms.

CTmatador Spreads and Fees

The spread for the EUR/USD pair is only about 0.5 pips, which is not too awful. However, it appears that there are many of them fees.

The statement from the Terms and Conditions is as follows:

A statement fee, an order cancellation fee, bill transfers, telephone orders, or costs imposed by any interbank agency, bank, contract, market, or other regulatory or self-regulatory entity may all be considered additional fees in certain circumstances.

In essence, the company will let anyone bill you as long as they don’t have to pay for it. Naturally, without providing any upfront dollar sums.

Can I get a free trial of CTmatador? – Demo Account

Through the website, you can quickly access the CTmatador Demo account. You can make a few deals while browsing the platform and available assets. The Demo account is risk-free, so when you need to deposit your own money, that’s when the real challenges begin.

Just for the record, CTmatador requires a $2,500 minimum deposit.

Methods of CTmatador Withdrawal

Debit/credit cards and wire transfers are accepted by the business. However, neither the minimum withdrawal amount nor the transfer fees are made public. And it might be a justification for refusing to let you withdraw the money.

Additionally, the CTmatador bonus may restrict you from withdrawing your winnings before you have rolled over your initial deposit plus the bonus amount 25 times.

Have You Been Swindled by CTmatador.com? – Start the Chargeback Process
In conclusion, if you become a victim of the CTmatador scam, kindly let us know.

Before the broker disappears, Global Fraud Protection can assist you in starting the chargeback procedure. The sooner you begin, the more likely it is that the disagreement will be successfully resolved.

Act today by getting in touch with us!

Don’t Let the Scammers Get Away for Free, in Conclusion!
FAQs about Get Your Money Back:
What Is CTmatador, and Is It a Good Investment?
CTmatador is essentially an offshore-based unregulated online crypto, CFD, and forex trading company. Contact us for help with the refund process if you had trouble withdrawing your money.

What Is the Minimum Deposit for CTmatador?
The initial deposit requirement for CTmatador FX is an absurdly expensive $2,500.

Can I Trade CFDs and Cryptocurrencies Through CTmatador Broker?
Yes, you may trade CFDs and cryptocurrency with this company.

How Long Do Withdrawals From CTmatador Take?
There is no deadline set by the corporation for withdrawals.

Do you have a Demo Account for CTmatador?
Although CTmatador does provide a demo account, it is not the same as investing actual money.

CTmatador Information
Wind Holdings Ltd. owns CTmatador, an online trading broker with offices in Kingstown, St. Vincent and the Grenadines; 110 Bishopsgate; London, England; and Basel, Switzerland (Grosspeteranlage 29, Grosspeter Tower, 4052).

You can reach them by phone at +442035140074, via fax at +41225013182, by e-mail at info@ct-matador.com, and by postal mail at compliance@ct-matador.com.

There are many brokers out there who use fictitious company names or engage in other fraudulent activities. A little amount of prior investigation can go a long way toward safeguarding your finances and yourself.

CTmatador: Is it a Scam or Legit?
Finding out about their certification should always be the first and most crucial step when looking for brokers to use for your trading operations (s). This will reveal whether CTmatador is an offshore and/or unregulated firm or whether they are subject to centralised regulation.

When a broker is unregulated or is regulated by a body that is not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a licence from the regulatory body in your country. The following are a few instances of regulatory bodies that provide brokerage licences:

How Do Trading Scams Online Operate?

One of the most common online trading scams is showing positive trades at first to deceive investors into believing they will make money quickly. Following the development of this confidence, the investor will be persuaded to invest more money in order to receive higher returns. Other rewards might also be offered to entice investors to invite their friends and family to use the site.

The brokerage will proceed to suspend the account and prevent the investor from accessing the funds until they have taken all available cash from the investor and those in his or her network.

In an effort to gain the trust of unwary investors, many dishonest businesses may even assert that they are based in a regulated area and show fictitious regulatory licences and addresses on their websites.
Be cautious and check your information from several different sources. Sending money online should always be done with extreme caution.

The Capital Co (www.thecapitalco.net) provides international financial fraud investigative measures aimed at helping victims of financial scams recover their money. The Capital Co (www.thecapitalco.net) was founded to protect and help victims of investment scams with the assistance of sophisticated asset recovery specialists globally.

To recover your money from CTmatador, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.