Online Investment Platform
Is CastleCapital Fake or Real?
Why Is CastleCapital Fake?
CastleCapitalclaims to be an investment company. Their website is poorly-designed with a lot of hard-to-read text. There are multiple claims about what kind of investments they make. In one section on the home page, they claim to invest only in stocks. In another section, they claim to trade cryptocurrency and forex, and in the FAQs, they claim to do all of the above.
CastleCapital also claims to be ‘fully legit’ and states that it is not a pyramid scheme, something legitimate companies never have to clarify. They claim to provide ‘assured profits’ which is a statement that legitimate companies never make.
They claim to give returns of up to 100% in 3 days. This is extremely unrealistic and signals that CastleCapital is a fraud or pyramid scheme. There is no mention of a referral program on the website though.
A domain name lookup of the website shows that it has been registered on 22nd June 2020. However, the website claims to be running for much longer. On the home page, they claim that the company has 15 years of experience and the website is running for 843 days. This is impossible and clearly a lie.
In the About Us page, they claim that the company has been active since 2007. I found that this entire page has been copied from the website of eToro, which is a legitimate company.
In fact, all the content on the website is copied from other sources. A Google search revealed that at least 8 other websites are using the same content as CastleCapital. The list of websites is given at the end of the article and they may all be scams.
The company claims to be registered as CastleCapital LLC in the United States. They have provided a document by Financial Industry Regulatory Authority (FINRA) as evidence that it is a registered company. The address given in the document reveals that it belongs to a completely unrelated company whose name CastleCapital has stolen. The original company has a different website and contact details.
CastleCapital has no social media presence. On the Contact Us page, they have only given a contact form to get in touch with the company via email. In the footer of the website, they have given an incomplete email ID.
The correspondence address given by CastleCapital is different than the above and they have given an incomplete address of Madison Avenue, New York.
They have provided a WhatsApp number with the area code of Madison, Wisconsin. The number is from a VoIP provider, which means that the owner of the number does not need to be located in USA.
There are almost no reviews available for CastleCapital. I could locate only two reviews on TrustPilot and from these, only one is positive. The user claims that he has gotten several payouts from CastleCapital. Notably, the reviews have been posted only a few days back though the company claims that the website has been active for more than two years.
It seems quite clear that CastleCapital is a scam. Its claims such as 100% returns in 3 days are highly suspicious and indicate a high likelihood of it being a fraud or pyramid scheme. The company claims to have 15 years of experience with the website being active for 853 days. This is impossible as the domain was registered only in June 2020. There are only two reviews available that have been posted only a few days back.
The content used on CastleCapital’s website is also being used by at least 7 other websites which may all be scams. The entire About Us page content has been copied from the website of eToro.
The registration details provided by CastleCapital are actually of a different company whose name and logo they have stolen. The contact details provided all seem to be fake. It is advisable to avoid investing through CastleCapital, as there are too many red flags suggesting that it might be a scam.
Websites using the same content as CastleCapital:
Remember: If something seems too good to be true, it probably is.
If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as ScamAdvisor and TrustPilot
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
Disclaimer: The views expressed in this article are presented as an educated opinion based on facts and evidence. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch on firstname.lastname@example.org