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CapitalHub does not allow me to withdraw. Is this a scam?
Daisy Sigler
Namibia
2023-05-23
ANSWER CapitalHub is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.CapitalHub fails to provide regulatory information and licensing data, a clear scam indicator suggesting that it is not supervised by any regulatory body. It is typical for legitimate brokers to prominently display their accreditation and licenses, whereas CapitalHub doesn't offer such information. In addition, the Ontario Securities Commission (OSC) has issued a warning against this broker, stating that it is not registered in Ontario to engage in the business of trading in securities.Regarding your question, stopping you from withdrawing money is a common sign suggesting potential issues with a broker's reliability. Taking CapitalHub's failure to disclose regulatory information and the warning they received into account, it is a scam. We strongly suggest you stop sending money to this broker no matter which excuses they use, or you may fall victim to the withdrawal scam cooked by them. To avoid such risks, investors are advised not to deal with unlicensed brokers like CapitalHub and use fully regulated ones only.
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