Why is this scam
GTP Capital is a broker for binary options and CFD trading. They have many assets available to trade on the AirSoft trading platform which is used for both of these trading formats. This company started operations in 2016.
According to the information on its website, the brand operated by Behind the brand is Oasis Capital Ltd. As two addresses provided, we are not sure whether the company is headquartered in Bulgaria or in the UK. One thing, however, is certain – GTP Capital is not licensed to provide financial services by any authority.
Let’s see the other signs.
Non-regulated and offshore regulated brokers should be avoided as a general rule. Many of them are scams and we think this is also the case with GTP Capital. We found in various forex forum and sites, all reviews were negative and traders complained they have lost their money.
‘I applied to withdraw my money and they are not answering my calls and responding to my emails…They are not licensed and regulated. Stay away from this broker they will clean you dry.’ is one of them.
The signs of confirmation
Unlike most brokers, GTP Capital does not support the popular MetaTrader 4 (MT4). Instead, it offers its web-based proprietary platform that has two trading modes – binary and forex. We tested and found there is no way to automate your trades (similar to EA on MT4), the technical analysis indicators are pretty limited, and all over the platform we couldn’t find many useful tools and functions. Its spreads are very wide, very high, MT4 is not supported. Also high minimum initial is required. There is no single reason why would anyone decide to invest money with it.
Recommendation – It is not regulated and likely a scam.