Introduction
Amitell Capital PTE LTD is yet another financial intermediary claiming to offer trading services. Based in Singapore, the company advertises a so-called modern platform, accessible 24/7. However, there is little to no reliable information to support their claims, leaving traders questioning its legitimacy. With vague promises and questionable credibility, potential clients should remain skeptical.
Trading Accounts
Amitell Capital promotes five account types, though their benefits are underwhelming and the costs are unclear:
- Test Account
- Minimum Deposit: $100
- Leverage: 1:100
- Spreads: From 0.8 pips
- Commission: Supposedly low, but who knows?
- Beginner Account
- Minimum Deposit: $2,000
- Leverage: 1:100
- Spreads: From 0.6 pips
- Commission: Details lacking
- Standard Account
- Minimum Deposit: $10,000
- Leverage: 1:100
- Spreads: From 0.5 pips
- Commission: Unclear terms
- Corporate Account
- Minimum Deposit: $150,000
- Leverage: 1:100
- Spreads: From 0.4 pips
- Features: “Customized” offers with no specifics
- VIP Account
- Deposit: Negotiable, which could mean anything
- Leverage: 1:100
- Spreads: Floating, whatever that means
- Features: Vague promises of “special offers”
These options lack transparency, and traders are left in the dark regarding hidden fees and conditions.
Funding and Withdrawal Methods
Amitell Capital claims to offer several funding options:
- Bank cards
- Cryptocurrency wallets
- Electronic payment systems
- SWIFT transfers
Unfortunately, the company provides no real details about withdrawal timelines, transaction fees, or minimum amounts. This glaring omission raises further doubts about their reliability.
Regulatory Concerns
The company makes vague claims about being regulated but provides zero proof. No licensing information or verifiable documentation is available. For a financial service provider, this is a major red flag, signaling potential risks for traders.
Contact Information
Amitell Capital’s contact details include:
- Email: [email protected], [email protected]
- Phone Numbers: +971 45864608, +44 1434 290002, +65 3125 6209
- Address: 76B Amoy Street, Singapore, 069895
However, the presence of generic contact information does little to inspire trust.
Conclusion
Amitell Capital PTE LTD presents itself as a broker with standard trading conditions, but its lack of transparency, unverifiable regulatory claims, and absence of clear transaction policies paint a troubling picture. With little concrete information, traders are left to question the company’s credibility and safety.
Investors should exercise extreme caution and consider more reputable alternatives before engaging with this broker.
