Cappmore FX is a company that rarely provides owner or leadership details about its official website. Their actual domain address is cappmorefx.com, and it was initially established in November 2021.
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The personal register was last modified on the 18th of January, 2023, when its proprietors seem to have taken control of the site.
This depends on Cappmore FX’s original Facebook page, which will be launched in March 2023. According to further studies, Ajay Arya is the chief executive officer of Cappmore FX Associates.
Aside from the fact that Ajay Arya looks to be of Indian descent, it was unable to piece out a credible past.
What is an established investment fraud?
One of the most well-known forms of financial fraud is the Ponzi scheme, in which new investors reward earlier funders with enormous returns. High returns are a major draw for investors. However, this supposedly worthwhile financial asset is frequently nonexistent.
According to Cappmore FX marketing materials, hence, Ajay Arya is the CEO of Teachable Technology.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.
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Founder of Teachable Tech (Evenmarkets):
Mr. Ajay Arya is a professional trader and the CEO of Teachable Tech Trading Academy. He has an experience of more than 8 years in Indian stock & Crypto, Commodity Market, and International Market Trading and Teaching.
He is NSE certified Financial Market Professional and Technical Analyst. He has developed various Successful industry and Positional Top Secret Trading Strategies.
He has trained thousands of trainees to be successful traders and investors.
It is following Saksham Trading Academy, an Indian organization that provides forex trading courses:
Saksham Trading Academy, the Teachable Tech, is located in Karad Maharastra and is one of the biggest organizations for the marketing of stock trade, offering one of the greatest & most creatively created programs to its consumers.
According to the information provided by Cappmore FX, it is likewise managed out of India.
Nonetheless, when a multilevel marketing company is not honest regarding who runs or controls it, consider twice before turning up any of your cash.
Products of Cappmore FX
Cappmore does not offer any retailable items or activities. Associates can promote the Cappmore FX associate subscription.
The compensation plan of Cappmore FX
Their colleagues have placed their capital in passively returns the following results:
| Cappmore FX associates | Invest |
| Classic | $10 or more |
| Elite | $500 or more |
| ECN | $2500 or more |
Cappmore FX’s MLM business is based on the acquisition of associate traders.
Referral Commission
Cappmore FX offers a fee on investments made by individually enrolled associates.
The amount invested by a freshly joined Cappmore FX associate determines the referral commission rate:
| Recruit | Receive |
| Classic tier affiliate | $6 |
| Elite tier affiliate | $9 |
| ECN tier affiliate | $12 |
ROI Match
Cappmore FX provides an ROI Match through a one-level remuneration scheme.
In a unilevel compensation system, an affiliate is put at the highest position of a unilevel group, with each newly hired associate put right beneath that such as level 1:
If any stage 1 affiliate recruits additional associates, then are assigned to the originating affiliate’s unilevel team at stage 2.
If any stage 2 associates recruit fresh associates, they are promoted to stage 3, and so on for an indefinite number of stages.
According to Cappmore FX, the ROI Match is limited to 5 unilevel group stages.
The ROI Match is calculated as a proportion of inactive profits earned at each of these 5 stages, which are as follows:
| ROI Match Levels | Inactive Profits |
| Level 1 | 8% |
| Level 2 | 2% |
| Level 3 | 1% |
| Levels 4 & 5 | 0.5% |
Participating in Cappmore FX
Cappmore FX membership in an affiliate program requires an initial commitment of ten dollars.
Conclusion
Cappmore FX claims that it earns outside income through imitation trading, which is allegedly linked to forex & CFD trades.
SimilarWeb monitors insignificant web activity for Ajay Arya’s second business, Saksham Trading. As a result, Shaksam Trading appears to have collapsed, while Cappmore FX has taken its place.
The issue concerning Cappmore FX is that Ajay Arya promises a minimum of 8 percent to 10 percent per month.
It is extremely troublesome, but Cappmore FX promises to be handling $75.6 million while just being in business for just a few months.
Eight percent of $75.6 million equals a monthly average of $6 million. If the firm named Cappmore FX currently makes that much money per month.
Some inquiries have been formulated:
- Why are they just charging $10 for access?
- Why do they require your money in the first place?
Cappmore FX has no authorization to provide commodities to any authority, according to the regulatory authorities. This suggests that Cappmore FX is committed to fraud in securities at the very least.
Why could Cappmore FX operate unlawfully by conducting fraud on securities if it was genuinely dealing at an average of eight percent to ten percent every month?
To mix Saksham Trading’s failure, Cappmore FX’s fraud with securities, & the company’s business structure and advertising, we get a fraudulent investment possibility which is most certainly considered a Ponzi scam.
As with other MLM scams, once associate recruiting is exhausted, additional funding will cease to come up.
It will strip Cappmore FX of ROI money, resulting in its demise.
Ponzi schemes’ logic ensures that if they fail, a large number of those involved forfeit their wealth.
Cappmore FX Reviews, Customer Feedback
According to one of the customers, Cappmore is a foreign exchange brokerage firm that offers duplicate trade. On the platform, any forex dealer can become an imitation trade provider.
Ajay Arya is just one of the duplicate trade suppliers.
Ajay Arya, he claims, is not the CEO or creator of Cappmore. Saksham Trading Academy is owned by Ajay Arya, although it is wholly different and unrelated to his FX copy trading business.
Kindly go over the research after I’ve narrowed the topic down a bit for you.
The eight percent that Cappmore FX payments are based on charges collected throughout the Forex Trading procedure altogether.
Recruitment is not required, and if you refrain from recruiting anybody, then will not receive all of the rewards.
However, Cappmore FX is not affiliated with the copy trader. Ajay Arya is not their founder, but he claims that he can make you 8-10% per month. And Ajay maintains 50% of whatever money he makes. So the 8-10% comes after he deducts his 50 percent.
Because the premise of the company is fantastic and the company is present, it is fraudulent.
Everybody can refer to it as a scam, fraud, or swindle. Even referred to as regulated FOREX websites will devour your money & leave you alone in the dark.
The same is true for cryptocurrency margin transactions. It is preferable to purchase tickets for the lottery from the government because at least part of the proceeds benefit schooling. Anyone authorized in Crypto has to be avoided.
These people are big scammers, on the Capmorefx name they made many people to invest on their trading and copy trading techniques and now the company closed and no reference, its one of biggest fraud they made with millions people.
Now they are planning to come up with new broker, be careful with these guys.
This is a Ponzi scheme just to take money from their customers and I advise anyone to avoid this scam platform because their customer service won’t help but want to take money away from you. I lost a lot to this platform which prompted me to contact kateanderson8277 at g mail . c o m and they got my recOup successfully to my account with ease
Cappmore FX is a fake scheme that defrauds numerous newbies and people are unaware of the intention of this bogus platform. This brokerage firm was never reliable for their clients as many people had to suffer multiple losses, and were unable to get their amount back.
People like Ajay Arya claim to be the Chief Executive Officer of the company, but in reality, they are nothing, as they gain the trust of the people by making fake promises with, their main motive to deceive a large number of the people and then flee.
This article opened my eyes, and I now understand what the author is trying to express. They are duplicate trade suppliers whose primary objective is to defraud consumers and make money, and this cannot be tolerated. These con artists must be punished.
These fraudsters claimed that they would give 8-10% to investors, but in reality, they were not giving anything; they were simply collecting people’s money and not letting them withdraw it.