Entrust Capital Limited

Investigating Entrust Capital Limited: A Comprehensive Review

We have published this Entrust Capital Limited review to warn traders against collaborating with yet another scam broker. This broker attempts to attract clients by using the name of a legitimate investment company based in Dubai. Those who fall for this trick face a total loss of their funds. Want to avoid becoming a victim of fraud? Read more about this project below.

Key Takeaways

• The company is not officially registered and uses the details of a real firm based in Dubai.
• The broker operates without licenses and provides services illegally.
• Most of the information on the official website is false.

Is Entrust Capital Limited Trustworthy?

Entrust Capital Limited provides little information about its registration. However, the website creators did not forget to modestly include a registration number in the footer of the pages. This is clearly aimed at traders who will immediately believe that the company operates entirely legally. Judging by the addresses provided in the contacts and the format of the number, it seems to have been issued in the UAE. Naturally, this information needs to be verified.

There is indeed a company named Entrust Capital Limited in the register of the local financial regulator, the DFSA. Its registration number and address even match those given on the site. Furthermore, this firm holds DFSA licenses for:

• Conducting transactions with securities.
• Acting as an investment advisor.
• Managing client assets.
• Providing credit brokerage services.

For a newcomer, this might be enough to trust the broker. But we examined all the information provided by the regulator and more. As a result, we found out that the Dubai firm has its official website, entrust-capital.com. It states that the company serves the investment needs of high-net-worth private clients, family offices, and organizations. It operates with assets from MENA (Middle East and North Africa). However, there is no mention of offering brokerage services in the Forex market or trading CFDs.

Thus, the broker Entrust Capital Limited has no official registration and, naturally, no licenses. It operates exclusively online, providing services illegally while hiding behind the name of a legitimate Dubai-based company. Its creation’s purpose is clear — to seize the money of clients who believe in the broker’s fabricated story.

Further evidence comes from inconsistencies in the broker’s history. Entrust Capital Limited shamelessly uses details from the real company on its About page, even fabricating statistics to match. For example, it claims to have been founded on December 9, 2018. Based on this, the company asserts it has 88,000 active clients, over 13 million open positions, and a volume of more than $1.5 billion.

However, unfortunately for the scammers, they are powerless to change the data from the Whois service. This data shows that the domain entrustcapitallimited.com was created ‌on July 8, 2024. On the same day, the other domain entrustcapitalltd.com was registered, which was used initially, but has already been discontinued.

It seems, much to the scammers’ surprise, that their six-year history turned out to be just 1.5 months long (at the time of writing this review). Naturally, the claims of 88,000 clients and over $1.5 billion in trade volume, along with other statistics, seem laughable once this fact is known.

Overall, these facts are sufficient to conclude with confidence that this broker was created by fraudsters. There is no point for traders to risk collaborating with such a company.

Exploring Fees and Charges

Entrust Capital Limited does not provide any information about trading costs. The account types table does not show the size of trading commissions, and details about transaction fees are absent from both the website pages and the user account. Therefore, traders will have to find out everything on their own, most likely losing money in the process.

Additionally, it is unclear how to fund an account since there isn’t even a button for this operation in the user account. Of course, the company’s support team will help solve this problem. This is a typical scammer tactic: the payment details are hidden, and the recipient of the funds is unknown. Entrust Capital Limited is clearly taking advantage of this approach.

How User-Friendly Is the Trading Platform?

Entrust Capital Limited, like all similar pseudo-brokers, does not provide any specific information about its trading platform. It simply relies on promotional messages about state-of-the-art software, a user-friendly interface, and access to a wide range of trading assets from markets around the world.

The terminal looks decent. Its core is a widget from TradingView, around which the developers have organized a trading management system.

However, this has not been done very well:

• In the market overview, it is difficult to quickly select the desired ticker for trading. Even organizing trading instruments into tabs and using the search system only partially solves the problem.
• The trading terminal itself is quite amusing. There is no difference between buy and sell prices. However, this does not mean the broker does not profit from this — the spread, whose size is listed right there, is duly withheld.

Overall, this approach appears highly unnatural. Such a primitive approach can only come from someone who has no real understanding of the financial markets. This seems to fully apply to Entrust Capital Limited.

What Do Clients Say?

The broker has only been around for a month and a half. We expected a sufficient number of Entrust Capital Limited reviews to have appeared online by now, but that turned out not to be the case.

Users are not in a hurry to leave comments about working with this broker. Perhaps this is due to the company’s short time in operation. Another possibility is that the firm hasn’t yet attracted clients with large deposits, so it is currently pretending to operate honestly. Scammers often do this: they even process withdrawal requests initially to build up a reputation.

However, there are some publications about Entrust Capital Limited online. Some of them refer to the real company in Dubai, and they tend to express a genuinely positive opinion about the firm’s services.

We also found a few positive reviews about the broker we are currently reviewing on themed websites. The authors try to describe how excellently the company provides services and the wonderful conditions it offers. However, they conveniently ignore the platform’s problems, as if they do not exist. We know very well why such publications appear — the project owners have paid generously for the work of copywriters.

Not all themed web portal owners are willing to publish paid articles. As a result, there is no shortage of objective assessments of Entrust Capital Limited online. These reviews do not hide the fact that the platform does not deserve trust and cite many reasons for such an attitude, most of which we have listed above.

Here, the broker uses another fraudulent tactic — ordering publications to create a positive image. However, the scammers were slightly unlucky, as some themed sites do not allow potential clients to be misled.

Final Thoughts: Can You Rely on Entrust Capital Limited?

In our Entrust Capital Limited review, we have provided strong arguments to support our point of view. Using the name of an existing company to cover its operations, operating without a license, and posting false information on the website all point to the project’s fraudulent nature. We are confident that this platform was created solely to collect clients’ funds, with no intention of returning them to traders. In our opinion, opening and funding accounts here is a huge risk, and we hope that users will also understand this.

Strengths and Weaknesses