London Bridge Cap presents itself as a place where anything is possible, but such claims are commonly heard from scam brokers. To ensure transparency and honesty, we are conducting a thorough review of this company, so stay tuned and read on to discover the truth behind their promises.
- London Bridge Cap General Information
- Registration and Client Portal Review
- London Bridge Cap Trading Conditions
- Account Types Review
- Trading Platform
- London Bridge Cap — Deposit and Withdrawal of Funds
- Additional Options
- Is London Bridge Cap a Scam?
- Legal Information and License
- Londonbridgecap.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
London Bridge Cap General Information
|Address||Saint Vincent and The Grenadines|
|Leverage||Up to 1:400|
Registration and Client Portal Review
The initial impression of London Bridge Cap’s official website may seem promising due to its stylish imagery and captivating animations that greet visitors. However, upon closer examination, it becomes evident that the website has several significant shortcomings. One of the critical drawbacks is the absence of essential legal information in the footer, which raises concerns about the company’s transparency and regulatory compliance. Moreover, some pages on the website are non-functional, which hampers the user experience and suggests a lack of attention to detail.
Furthermore, the London Bridge Cap website appears to be inundated with excessive self-promotion and advertising, which can be off-putting to potential clients seeking genuine and reliable information about the broker’s services.
The registration process at London Bridge Cap appears to be remarkably straightforward and hassle-free. Surprisingly, even when entering completely fictitious information during registration, the broker did not require any verification code sent to the provided email or phone number. Instead, we gained immediate access to the personal account without any additional authentication steps. London Bridge Cap seemingly allows unrestricted access to the trading platform.
The Client Portal of London Bridge Cap is fairly basic and simplistic in its design and functionality. While it may lack advanced features, it manages to provide access to essential trading tools and functions. Traders can access their account details, view balances, and monitor their trading activities. One notable feature is live chat support, where we found responsive agents available to assist with inquiries and concerns. However, the overall functionality of the client portal is limited compared to more comprehensive platforms offered by reputable brokers.
London Bridge Cap Trading Conditions
Now we will closely examine the broker’s features and services to determine the extent of its capabilities and whether it meets the expectations of traders.
Account Types Review
London Bridge Cap offers five types of accounts, each with unique and intriguing names:
- Self-Managed. With a minimum deposit of $250, this starter account provides access to market review, over 200 trading assets, and a leverage of up to 1:100. As expected, this basic package provides essential features for beginners.
- Select. For those ready to invest $10,000 upfront, the Select account comes with Tier-3 trade room analysis (a mysterious offering), level-3 prioritized withdrawal process, additional services like financial planning and webinars, along with bonuses and a leverage of up to 1:200.
- Personal. The Personal account demands a more substantial deposit of $50,000. However, it includes all the features of the previous tier, but is now at Tier-2 levels. Evidently, these slight upgrades justify the $40,000 difference in minimum deposits.
- Honors. This London Bridge Cap account offers the same features as the previous tiers but is now at Tier-1 level. However, the minimum deposit jumps significantly to $250,000, targeting high-net-worth traders who seek elevated benefits and services.
- Wealth. Interestingly, the Wealth account promises tailor-made trading conditions specially designed for traders. However, what caught our attention was the perplexing requirement of a $250,000 minimum deposit again.
London Bridge Cap offers a web trader, although it appears to be a generic platform used by numerous other brokers. We couldn’t ascertain if it was a proprietary development by the broker itself. The absence of a demo account is also quite disappointing, as it limits potential clients from exploring and testing the platform’s functionalities risk-free before committing real funds.
London Bridge Cap — Deposit and Withdrawal of Funds
London Bridge Cap offers multiple deposit methods, including credit cards, bank transfers, and cryptocurrencies. However, we noticed that in the client portal, the available cryptocurrencies are not specified among the deposit options. Additionally, the withdrawal section seems underdeveloped, as we couldn’t find a place to submit withdrawal requests. It’s possible that this feature becomes available after completing the verification process.
You can undergo the verification process in the broker’s client portal. To do so, you need to click on the “Verifсation”. The process involves providing various personal identification documents, such as a valid ID card, passport, or driver’s license, and a proof of address, like a utility bill or bank statement. Additionally, you may be required to submit a photo of yourself holding the ID document for identity verification. Once you’ve uploaded all the necessary documents, London Bridge Cap’s team will review and process your verification request. It’s essential to ensure that all documents are clear and valid.
London Bridge Cap offers a variety of additional services, especially in those tiered account packages. However, the issue lies in the lack of specific functionality in the client portal to access these services. As previously mentioned, the portal is quite basic and lacks the necessary features. Furthermore, the anonymity of the broker’s team raises concerns about the expertise and credibility of those providing trading signals or other services. Traders should approach such offerings with caution, as the lack of transparency regarding the team’s qualifications may pose risks to their trading experience.
Is London Bridge Cap a Scam?
Alas, something tells us that London Bridge Cap is indeed a scam and a deceitful entity. In such cases, our suspicions are often proven right.
Legal Information and License
So, we headed to the footer to check London Bridge Cap’s legitimacy, and what did we see? The managing company “Brand Name” is mentioned there. Seriously? Don’t you even bother to verify your websites before launching another scam? Anyway, we proceeded to review the client agreement, hoping to find some clarity about the jurisdiction for dispute resolution. And there it was, written about “Saint Vincent and the Grenadines” in lowercase. We wonder why such a disrespect towards this offshore jurisdiction. If they don’t respect it, why would they register there? Well, guess what? We couldn’t find any data about London Bridge Cap company in the SVG registry.
Oh, but wait, did you notice the company name? We decided to double-check the English registry just in case and found a real company, London Bridge Capital, with offices in the UK and Europe. The only problem is that it has nothing to do with the subject of our review. The real company’s website is londonbridgecapital.com. Our reviewed hero is simply a clone, so be cautious and stay alert.
Londonbridgecap.com Domain Info
As the real company was established in 2015, we were curious to find out when this scammer came into existence. We conducted a domain check and discovered that it was registered in late 2022. Not surprising at all. Our suspicions were right – the London Bridge Cap scam has only been around for a few months.
As expected, contact details on the London Bridge Cap website were quite sparse. There were no physical addresses listed, which is understandable since a fraudulent company wouldn’t have a legitimate office. The absence of a phone number was another red flag. However, they did provide an email address and a live chat option, though it was not as comprehensive as one would expect from a reputable brokerage. However, then again, what more could you expect from a scam clone?
Pros and Cons
- Stylish pictures on the website.
- Lack of transparency regarding company legal registration.
- No licenses.
- Limited functionality of the web trader.
- Suspiciously high minimum deposits for higher-tier accounts.
- Short working period.
- Cloned firm.
Frequently Asked Questions (FAQ)
London Bridge Cap claims to offer a range of trading services, including access to various financial markets and trading instruments.
According to their trading conditions, the minimum deposit required to start trading with London Bridge Cap may vary depending on the chosen account type and starts at $250.
No, we refer to such companies as clones of authorized FCA firms. They cleverly disguise themselves as legitimate brokers and investment firms. However, they are rotten inside and solely hunt for your money. Be wary and avoid falling into their traps.