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 for both of these trading formats.
This company started operations in 2016.
According to the information on its website, the brand operating by Behind the brand is Oasis Capital Ltd.
They provided two addresses, and we are not sure whether the company is headquartered in Bulgaria or in the UK.
One thing, however, is certain. GTP Capital has no license to provide financial services by any authority.
Oficial website: http://gtpcapital.com/
Let’s see the other signs.
A general rule has to be: Avoid offshore and brokers without licenses. Because many of them are scams and we think this is also the case with GTP Capital.
Further, 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. Moreover, all over the platform, we couldn’t find many useful tools and functions.
Its spreads are very wide, very high, but there is no MT4.
Also, they require a high minimum initial. There is no single reason why would anyone decide to invest money with it.
It is not regulated and likely a scam.