The broker Turfcapprivate.com claims that by joining, you will open the door to long-term mutually beneficial cooperation. There are even some commissioned reviews from supposedly satisfied clients online. In reality, the organization’s operations are not as transparent as they may seem. But let’s go step by step.
Turf Capital Private LTD – a scam?
The company asserts that its office is located in Singapore. Indeed, such a legal entity can be found in that country’s business registry. However, it is merely a consulting firm. It does not provide brokerage services and has nothing to do with the Forex market. To offer investment services to Russian citizens, more is required than just an anonymous website.
The problem is that the broker turfcapprivate.com lacks a license—neither Singaporean nor Russian. Despite the company appearing in the Singapore registry several years ago, the site turfcapprivate.com was only registered at the end of 2024 Whois turfcapprivate.com. The scammers behind turfcapprivate.com simply used someone else’s registration details to pose as a legitimate company.
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Investment Offers and Risks
As expected, there is a typical multi-tier account structure, with each type differing by minimum deposits and available services. Minimum deposits range from 100 euros to 120 thousand, yet there are no significant differences among them.
In reality, traders receive limited access to trading assets. Spreads and swaps are not specified, nor is leverage. The highest-level account lists numerous additional services—participation in IPOs, copy trading, even a personalized trading plan—but all these offerings are fictitious. An unlicensed broker without registration and access to international exchanges cannot provide them.
Reviews and Transparency
The turfcapprivate.com scam emerged in December 2024, so there are not many reviews about it yet. Moreover, the company publishes commissioned fake reviews about itself, which should never be trusted. Our investigation clearly shows that Turf Capital Private LTD is a scam. All these comments have appeared recently, indicating that the company has not been in operation long.
How Does This Scammer Operate?
Typically, unregulated forex brokers call people to convince them to make an initial minimum deposit. In conversation, they use numerous arguments to pressure you into investing. They may promise to double your deposit or claim you can easily earn hundreds of dollars a day. However, such “free cheese” only exists in a mousetrap. Once you deposit, you are handed over to a higher-level scammer—the so-called “retention manager”—who will try to extract even more money from you. Additionally, scam brokers like Turf Capital Private LTD often pay websites and services to boost their online reputation by buying favorable reviews.
Withdrawal of Funds
If you have funded an account on the Turf Capital Private LTD platform, immediately attempt to withdraw your money. They might agree to return a small amount, but more often, scammers delay withdrawals for months. If the delay reaches half a year or more, you will likely be unable to secure a chargeback and your money will vanish.
How to Get Your Money Back from Turf Capital Private LTD?
If you have already deposited money and they refuse to return it—which is highly likely—your chances are virtually nil. First, save all emails as evidence that you requested a refund but did not receive one, or that the process is being unduly delayed. Then, immediately request a chargeback. Contact your bank and explain how the scammers from Turf Capital Private LTD deceived you into depositing money into an unregulated trading platform. Also mention that they refuse to return your funds.
If you sent a bank transfer or cryptocurrency, reversing the payment is impossible. At most, you can prepare materials for the regulatory authorities and contact the police.
Another way to hurt them and protect others from falling victim is to leave genuine reviews about the broker on other websites. If you have become a victim, please leave a comment and describe in detail what happened.
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