Amitell Capital Limited

Investigating Amitell Capital Limited: A Comprehensive Review

Another Forex/CFD broker offers traders access to global markets using a modern trading platform, AI-based analytical tools, and assistance from their staff with years of experience. However, the reality faced by the company’s clients is strikingly different from this beautiful picture. In the Amitell Capital PTE LTD review, we explain why we consider the project a scam, how the firm’s employees deceive users, and how to avoid losing money. All materials about the platform can be found below.

Key Takeaways

• The broker operates without registration and has even borrowed its name from an existing company in Singapore.
• Amitell Capital PTE LTD has no licenses for providing brokerage services.
• All critical information is hidden.

Overview of the company

Can the broker be trusted? Answering this question is not difficult. A trader just needs to analyze all the data about the company. Let’s start by examining the information on the website amitellcapltd.com.

Broker History

Most scam brokers avoid sharing the company’s history. Typically, they lack real details to present, and their legends are easy to debunk. Amitell has chosen the same path — there is no information about the company’s founding date, significant events, or plans on their website. You can also check Groshare Limited review, a broker which uses exactly the same tactic.

Of course, a single fact doesn’t prove the project is fraudulent. However, it does raise concerns.

Amitellcapltd.com Website Review

It’s hard to say that the broker’s official website is well-executed. For instance, the main page takes almost a minute to load. This might be due to the use of video in the main banner or an unoptimized website template. Regardless of the reason, a legitimate broker would hardly allow such an unprofessional web resource.

However, that’s not the only problem we’re going to describe in amitellcapltd.com review. Content issues are just as abundant. See for yourself:

• In the Products section, the markets are described with a couple of sentences and a few FAQs. No one even considered providing contract specifications.
• In the Tools & Education section, users are offered numerous materials in the Trading Academy. However, the content of these publications is practically worthless. Other pages in this section are hardly any better, except perhaps the economic calendar.
• The entire website is just an advertising presentation of the broker. However, the company provides no factual evidence to support the praises it sings of itself.

Overall, the official website of Amitell Capital PTE LTD leaves a bleak impression. As mentioned earlier, only scam brokers would publish something like this online. A legitimate company would never allow such a blow to its reputation.

Registration Process and Personal Account

Finding the registration form on Amitell’s website is not easy. The form itself is unremarkable. Users need to fill out just a few fields, including:

• First and last name.
• Contact details (email and phone number).
• Country of residence.
• Password.

Additionally, agreeing to the Terms & Conditions and completing the reCAPTCHA are mandatory. However, completing the process independently is not just challenging — it’s almost impossible.

This is because the form includes a mandatory Registration Code field. Users can only obtain this code by contacting the broker’s support team. This approach is not new for scammers: it helps them establish direct contact with users to identify those willing to deposit funds into accounts opened with the company.

So far, we have been unable to obtain a code. As a result, we could not create an active account or access the personal account. However, it’s unlikely that the broker has introduced any innovative features.

Amitell Capital Limited Trading Platform Review

In the Platform section of its official website, Amitell heavily praises its trading terminal. While we couldn’t access it (due to the lack of an active account), the images provided in the section suggest that we are already familiar with it.

The broker uses a trading platform developed by Easy Technologies. This software is typically associated with scam platforms. While it does have certain advantages, such as multi-chart mode and one-click trading, its shortcomings far outweigh them:

• Market overview is inconvenient, as traders cannot limit the list of displayed trading instruments. This hinders efficient portfolio management, resulting in time loss during transactions — and often, financial loss.
• The set of graphical tools for market analysis is limited. Most traders are forced to modify their trading strategies, inevitably reducing their accuracy.
• The trading platform of Amitell Capital PTE LTD lacks tools for developing and integrating custom modules, such as technical indicators and trading bots. As a result, users are forced to revise their trading systems and abandon automated trading.

There are at least two reasons why our “hero-broker” chose this software:

1. Leading trading software developers do not sell their products to unregistered companies.
2. This terminal allows administrators to manipulate the quote stream. It goes without saying that scammers require such software.

This is one indication that Amitell Capital PTE LTD might be a fraudulent project. However, final conclusions cannot yet be drawn.

What is Wrong With Contact Info?

The company’s contact details are also quite noteworthy. On the corresponding page, visitors will find:

• A feedback form.
• Six phone numbers: a pair of Hungarian, British, and Singaporean numbers, divided into two groups: English-speaking and Russian-speaking support.
• The firm’s email addresses.
• A mailing address in Singapore.

This raises a few questions about Amitell’s contacts:

• Why does the broker need Hungarian phone numbers if Hungarian is not among the site’s supported languages?
• Why did the company decide not to implement an online chat feature?
• Why does the firm not maintain any presence on social media?

The latter is unusual for licensed brokers, who generally use such a wide-reaching audience to attract new clients. Only scammers avoid this opportunity, as they prefer other, often illegal, methods. It seems the broker also falls into this category.

Analysis of Services Offered by Amitell Capital PTE LTD

We’ve already seen ample evidence suggesting this is a scam project. Additional proof can be uncovered by analyzing the company’s offerings.

Funding and Withdrawal

The Amitell’s website has a separate Deposit & Withdrawals page describing available payment methods. This list includes:

• Debit/credit card transactions.
• Cryptocurrency transfers.

Unfortunately, we couldn’t observe how transactions are executed, as we still don’t have access to a personal account. However, there are some other points to consider:

1. The company does not disclose its payment details.
2. It uses payment methods that allow the recipient to remain anonymous.

This is yet another questionable approach from the firm.

Trading Conditions

As we mentioned earlier, the Products section lacks descriptions of markets, assets, and contract specifications. A similar situation applies to other trading conditions. However, a few details can still be found on the website:

• Traders have access to 500+ assets.
• The maximum leverage for all account types is 1:100.
• Client orders (according to the company) are executed within 3 milliseconds or faster.

Additional details are available in the table of account types. Traders of Amitell Capital PTE LTD are offered five plans:

• Test. Minimum deposit of $100, minimum spread of 0.8 pips.
• Beginner. Minimum deposit of $2,000, minimum spread of 0.6 pips.
• Standard. Minimum deposit of $10,000, minimum spread of 0.5 pips.
• Corporate. Minimum deposit of $150,000, minimum spread of 0.4 pips.
• VIP. An account with individual conditions, details of which can be provided by a personal manager.

All of the broker’s offerings align with the standard set of scams. The minimal disclosure of actual trading characteristics is far from harmless. Traders are likely to incur losses trying to determine transaction details through real-money trading.

Does Amitell Capital Limited has any signs of a scam?

The most compelling evidence that this broker is a scam can be derived from analyzing the official information about the company. This will be the focus of the final part of our review.

Assessing Legitimacy

The broker has a Singaporean-style name, an address in the country, and phone numbers with its dialing code. Let’s verify its presence in the local business registry.

As we can see, the company is indeed registered. Amitell Capital PTE LTD was established in 2015 and is currently active. It even holds a license from the local financial regulator, MAS (Monetary Authority of Singapore), allowing it to manage funds.

If a new trader conducts this check, they would have no reason to doubt the broker. Confident they’re dealing with a legitimate company, they would open and fund an account, not realizing they are dealing with scammers.

In reality, the broker misleads users and has no affiliation with the Singaporean company:

• The license permitting fund management does not grant the right to organize retail Forex trading. The company lacks authorization for this activity.
• The genuine company has its own website, www.amitellcapital.com. While the site isn’t actively maintained, it does provide contact information that matches the registry. These details do not align with those provided by the broker.

Thus, the registration information is nothing more than a well-crafted cover story. Amitell Capital PTE LTD analysis we made for our readers showed that they only have an official website, no registration, and consequently, no license. Based on this. it is easy to conclude that the scam platform engages in illegal activities and has dubious intentions.

Established Track Record

We have already mentioned the lack of information about the company’s history. This issue was clarified thanks to the Whois service, which provided details about the domain registration date.

The domain amitellcapltd.com was registered on December 25, 2024. At first glance, this suggests the company has existed for less than a month. However, we discovered that this is not the first domain the company has used. Previously, it operated under amitellcapitalltd.com, registered on July 16, 2024. This raises an interesting question: was the rebranding prompted by a surge of negative scam reviews online?

Thus, the broker has been active online for at least six months. Comparing the two sites, some shortcomings have been corrected. However, even after half a year, the company has failed to address the most critical issues.

Note. The legitimate Singaporean company was established in 2015. The appearance of its website in 2024 further supports the fact that the broker is fraudulently using someone else’s name.

Implications for Traders

Based on the findings in our review, the conclusion is clear: trusting Amitell Capital PTE LTD and sending funds to its accounts is not advisable. The platform operates illegally, without official registration or licenses to provide brokerage services. Its use of the name of a legitimate company is nothing more than a front. Meanwhile, the pseudo-firm conceals all critical information, including contact details, trading conditions, and payment details.

Amitell Capital PTE LTD Strengths and Weaknesses analysis