Kap Crypto Options is a CFD broker whose official website domain was registered on May 23, 2024. The broker primarily provides retail and institutional clients with investment services across various trading markets, including forex, stocks, options, cryptocurrencies, and copy trading. It does not offer services in countries and regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the information on its official website, Kap Crypto Options is regulated by the Financial Services Authority (FSA) in San Diego, California, with the securities dealer license number SD018. However, on the "Why kapcryptooptions" page, the broker's trading name is listed as "Wealth For Homes Best Trading."
In fact, there is no institution named "Financial Services Authority (FSA) in San Diego, California." The broker is using information from the Seychelles Financial Services Authority (FSA), and the company with the license number SD018 in the Seychelles FSA registry is Raw Trading Ltd, known as IC Markets. Kap Crypto Options is thus misappropriating IC Markets' regulatory information.
Therefore, Kap Crypto Options is, in reality, a fraudulent brokerage website with no actual corporate entity or regulatory oversight.
Account Opening Process
To open a trading account with Kap Crypto Options, visit its official website, click "Open an Account" or the "Sign up" button at the top right corner of the webpage. Complete the registration form by providing your name, phone number, email address, and setting a login password. Submit the form and verify your account to complete the registration process.
Trading Account Information
Kap Crypto Options offers four different investment plans: STARTER PLAN, PREMIUM PLAN, SIX MONTHS PLAN, and PARTNERSHIP PLAN.
STARTER PLAN:
- Trading period: 24 hours
- Minimum deposit: $200
PREMIUM PLAN:
- Trading period: 24 hours
- Minimum deposit: $1,000
SIX MONTHS PLAN:
- Trading period: Six months
- Minimum deposit: $10,000
PARTNERSHIP PLAN:
- Trading period: 2 years
- Minimum deposit: $100 million
Trading Platform
Kap Crypto Options claims to provide the MT4/MT5 trading platform to its users, but the provided download links are not functional, and the broker cannot be found on MT4 or MT5.
Deposit and Withdrawal
Kap Crypto Options supports deposits and withdrawals via Skrill, PayPal, Mastercard, VISA, NETELLER, and UnionPay.
Conclusion:
Traderknows reminds investors that Kap Crypto Options is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
