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ExtrendCap -

Score

1.38 /10
Danger

ExtrendCap

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://excaptal.com

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Comparison

Quantity 16

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.02

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

EXTREND CAP INTERNATIONAL PTY LTD

Company Abbreviation

ExtrendCap

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

16 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

Require to pay 20% personal income tax to withdraw.

2022-11-07 23:26
Unable to Withdraw

I can't withdraw.

Even if you request a withdrawal or inquire when the money will be deposited, the answer is only "yes", it's a scam.

2022-10-13 13:33
Unable to Withdraw

Unable to withdraw balance

I opened an ExtrendCap account under the guidance of a group called LINE's beginner investment learning group, and after several transactions, I was refused a withdrawal request. Even if you ask for a small amount, it will be refused. I don't understand.

2022-08-30 22:48
Unable to Withdraw

Won’t Release My Funds!

This is the old Shenghui group that was shut down! They will not release my funds to me saying that I must send double the amount I am wanting to withdraw in order to “unlock” my account and get my money! This is not a legitimate way to do business. If I send them double the money it will all be kept and I will receive none! please help!

2022-11-04 11:56
Unable to Withdraw

Can't withdraw

The exchange used scammers to induce deposits, but did not allow withdrawals.

2022-09-24 08:34
Resolved

Scam broker

The platform holds the player's money, does not allow withdrawals. Then keep silence and don't reply to the player's messages

2022-10-24 16:08
Unable to Withdraw

**Scam**Extrend Cap Ltd is Old Shenghui Group LTD!

They won’t allow me to withdraw. They want me to add 2X my account balance in order to withdraw but I know better. Aileen Sum in Toronto will try to recruit you! Be careful! She is a scam artist working for them and needs to be stopped and brought to justice!!

2022-11-12 21:12
Unable to Withdraw

Unable to withdraw funds and asking for more amt

before 1st withdrawal, i asked about the entire charges and all, but was informed no charges, at 1st withdrawal request, ask me deposit what i have inside to verify my capital. after doing so, i deposit more and after earning requested to with all USDT44138. but was told due to 3rd party credited to my account, they suspect AML and request me to pay back USDT20000 via deposit. i did so and request to withdraw my fund of USDT44138. but now they say that i need to pay bank charge of 25% due to exchange rate charge by bank. Till date, I was requested to pay more and more but still unable to withdraw my funds.

2022-09-13 10:43
Unable to Withdraw

The exchange appropriates the trader's money, does not allow withdrawals

The exchange appropriates traders' money, does not allow withdrawals and does not respond to traders' complaints.

2022-10-09 10:43
Resolved

Scam broker

The exchange keeps my 110,000 usd and won't let me withdraw since September 20th. When I write a lot of complaints, they continue to scam, convince me to remove the post to pay???

2022-10-26 23:39
Others

This platform is the former shenghui platform

This platform is the former shenghui platform. I told the platform that shenghui did not withdraw the money from me, and extrendcap told me that there was a 30% service fee. If I wanted to withdraw money, because extrendcap told me that their company had acquired shenghui!

2022-08-23 08:46
Unable to Withdraw

Scam platform

EXTREND CAP: Dear user, your withdrawal has been submitted for filing. The system prompts that your account has reached the personal income tax threshold. The tax rate is 5% (1832USD). Please complete the tax payment within 7 working days. After the tax payment, the financial department will Immediately through your withdrawal, your withdrawal request will be transferred to your wallet account. Me: I want to pay taxes EXTREND CAP: Dear user, taxes and fees have been checked Your relevant information has been submitted, please wait patiently for 24 hours for review! Me: It has been audited for 8 days, why haven’t you passed the audit yet? Are you a fraudulent group? Have you achieved your goal and resorted to any means to get us to pay taxes?

2022-11-22 20:55
Resolved

Can't withdraw money

I made a withdrawal from Thursday and my account has been deducted but no money has been sent to my bank account yet

2022-11-06 14:37
Unable to Withdraw

Scam broker

The trading platform holds the trader's money, and does not allow withdrawals for unreasonable reasons. The exchange does not solve the problem, on the contrary, it also threatens the trader

2022-10-28 08:15
Others

Scam broker

This is scam broker. I reported this broker to Vietnam high-tech crime prevention Police department and they said I faced with a scam broker. I opened account, deposited money and trade but I can’t withdraw money with unreasonable reason. This broker was still holding my money and threatened me

2022-09-30 22:48
Scam

Emotional fraud, unable to withdraw

I met a guy online who claimed to be living in Hong Kong and currently runs a company. After chatting for a few days, he knew that I wanted to get more money, and gradually mentioned that he had virtual currency investments in the foreign exchange market. And he is willing to teach me to invest together. During this period, he also began to pursue me, weaving together to make money, working hard for the future, and creating a better life. He will also send work photos, report whereabouts, and make him real during the call. in life. The chat started with gossip and sharing his photos. to lower my guard. soon. He told me to trade in a small amount of money together. Teach me to install MT5. Teach me to open an account and choose an ExtendCap broker in Nepal. Soon I can make money from the transaction and I can successfully withdraw. There will be a deal later. Ask me how much money I have. I didn't believe it at first. Follow him to break my guard. Offered a first-in 200,000 to me. Plus all my own money was deposited into this brokerage. The deal was very profitable at the time. Then he told me that I asked customer service if there is any bonus for new customer deposits. The customer service gave me the details of the event. I thought the amount deposited on the day would be counted. But it turned out not to be. The pre-deposited amount for participating in the event must be additionally deposited before the withdrawal can be made. I still trust him with this guidance. Keep raising money. But so far I have not been able to borrow so much money. The amount is too large. There is a lot of money in the current account. I must deposit enough money before I can withdraw. The way of depositing money is very different. Didn't wake up at first. Deposits are made to different private bank accounts. He also taught how to trade step by step. At first, there was only a small investment, and then there was income, which made me feel incredible and doubtful. In order to gain my trust and determination, he expressed his willingness to donate 24,000 USDT. With each income gradually increased, He asked me to invest more and more funds, so I invested a total of 37,400USDT one after another, until I had no more funds to invest, he again proposed to fund 20,000USDT, and I also had to raise more funds. At this time, I suddenly I felt bad, so I started talking to my friends. My friends said it was similar to a pig slaughtering dish. I was really worried. I had all the money I had borrowed, and I had loans. It was so sad... I really remind you to pay attention and be careful!

2022-09-05 23:25
    ExtrendCap · Company summary

    Note: ExtrendCap's official website: https://excaptal.com/ is currently inaccessible normally.

    ExtrendCap Review Summary
    Founded2021
    Registered Country/RegionAustralia
    RegulationASIC (Revoked)
    Market InstrumentsForex, Metals/Commodities, Indices, CFDs
    Demo Account❌
    LeverageUp to 1:500
    SpreadFrom 0.0 pips
    Trading PlatformsMetaTrader 5 (MT5)
    Minimum Deposit/
    Customer SupportEmail: support@extrendcap.com
    Address: Suite 290 739 Sydney Rd Brunswick VIC 3056

    Founded in 2021, ExtrendCap is an brokerage company based in Australia with a revoked license. It offers Forex, Metals/Commodities, Indices, and CFDs via MT5 platform.

    ExtrendCap

    Pros and Cons

    Pros Cons
    /Non-functional Website
    Revoked license
    Lack of transparency
    No demo accounts

    Is ExtrendCap Legit?

    Regulatory Status Revoked
    Regulated by Australia
    Licensed Institution EXTREND CAP INTERNATIONAL PTY LTD
    Licensed TypeAppointed Representative (AR)
    Licensed Number001296416
    Revoked ASIC license

    What Can I Trade on ExtrendCap?

    ExtrendCap provides Forex, Metals/Commodities, Indices, and CFDs.

    Tradable Instruments Supported
    Forex✔
    CFDs✔
    Commodities✔
    Indices✔
    Cryptocurrencies❌
    Shares❌
    ETFs❌
    Bonds❌
    Mutual Funds❌

    Leverage

    ExtrendCap offers leverage up to 1:500. However, high leverage can increase not only profits but also losses.

    Trading Platform

    ExtrendCap provides MetaTrader 5 (MT5) for trading.

    News

    ExposureBeware Of Low Rating Forex Brokers Like ExtrendCap - Scamming Might Be Their Main Goal

    Forex brokers today are not scared to defraud customers, even if they are regulated by a specific regulating organization. As we all know, forex trading has become a popular choice for many people owing to the high returns and variety of possibilities to get effective forex signals. As a result, many people are intrigued and want to try their hand at forex trading.

    WikiFX
    2022-11-24 13:47
    Beware Of Low Rating Forex Brokers Like ExtrendCap - Scamming Might Be Their Main Goal
    About More

    User Reviews

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    User comment

    3

    Comments

    Write a review

    Sunshine.Wang
    more than one year
    The company's website shows 403 forbidden. I don't know if my access is actually banned or just the site is down, but either way I won't and can't trade here.
    The company's website shows 403 forbidden. I don't know if my access is actually banned or just the site is down, but either way I won't and can't trade here.
    Translate to English
    2023-02-22 11:32
    Reply
    0
    0
    梦中的想法
    more than one year
    就是個騙子平臺，交易環境很糟糕，一直在虧，當我要提款時候，還讓我拿出來20%的提款費。 從來沒有見過如此厚顏無恥的平臺，簡直到了搶錢的地步。 誰來管管這個黑平臺？
    就是個騙子平臺，交易環境很糟糕，一直在虧，當我要提款時候，還讓我拿出來20%的提款費。 從來沒有見過如此厚顏無恥的平臺，簡直到了搶錢的地步。 誰來管管這個黑平臺？
    Translate to English
    2022-12-13 10:24
    Reply
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