Competition between companies isn’t a new thing, and neither is it bad. However, there have been instances where other companies try to paint their competitors in a bad light to try to get an advantage over them. This isn’t uncommon in crypto brokerage traders. As more companies get into the crypto trading business, more competition emerges. While it is true that some of the new companies could be scams, it is unfair and wrong to paint the legit ones as scams to discredit then. Neuer-capital is one of the latest companies to enter into the cryptocurrency trading industry. It has already encountered many claims that it is a scam. Those reviews are false and should be disregarded.
Having done several reviews on crypto trading companies, I can say that Neuer-capital has a lot of features and regulations that prove its legitimacy. I went on an information collecting journey to find out whether Neuer-capital scam rumors are true or gals, and this is what I found.
Is Neuer-capital a scam?
Contrary to Neuer-capital scam reports circulating online, the brokerage doesn’t seem to have any indications that it is a scam. One of the arguments that the company is a scam is based on its lack of a regulatory license. This is a baseless accusation considering the short period that the company has an online presence. Also, the company is a subsidiary of another company that has been in operation for a while. As a result, they operate under the same license. Having a subsidiary without permission while the parent company is holding the license isn’t new in the crypto trading sector. So long as the owners have proven their legitimacy and have served their customers diligently to build a good reputation, you cannot accuse the subsidiary company of being a fraud.
This shows that the scam accusations are vague and not based on any truth. It is, therefore, safe to say that Neuer-capital is a legit company.
Neuer-capital review
Accounts
Neuer-capital has up to several account types for its users, which is more than the average accounts brokerage companies usually provide. Most of them have two or three accounts, but with Neuer-capital, the number is six. They have shows diversification with because they are providing an option for everyone willing to trade on their platform, whether it’s a new trader or an experienced one looking to migrate. There are the basic, bronze, silver, gold, and platinum accounts for regular traders. There is also a black account for VIP clients. These accounts come at different prices, but they share most of the features, which include trading signals, access to the educational center, and personal account managers.
If you’re a beginner, it’s better to start with the primary account. It will cost you a£250 deposit to begin trading, but you can get a more significant account once you gain some experience. The bronze account is £10,000, the silver £50,000, gold is £250,000, and the platinum is £500,000. The black account has to be opened by your account manager, and it doesn’t have any public information about it.
Neuer-capital deposits and withdrawals
Neuer-capital does have limited deposit and withdrawal options, and that seems to be another basis for the Neuer-capital scam claims. You can only deposit through a credit card or direct Wire Transfer, both of which tend to take longer to complete the transaction. While it would be better to have more options, having only two options isn’t enough to classify the company as a scam. Most of the other legit companies use the same methods. Deposits are at least £250, but the maximum amount is £1,000. This also refutes claims that the company hasn’t specified whether the minimum deposit amount is £250 or £500. The least amount is £250, but you can also deposit £500 or any other amount not exceeding £1,000 in a basic account.
Withdrawals have also been a source of Neuer-capital scam rumors. The fact that you’re required to show your identification card or driver’s license, proof of address, and a picture of both sides of your credit card with the last four digits seems a bit extreme. Even so, it’s not enough to qualify the company as a scam. Besides, many other large brokerage companies have the same credit card requirements, especially when you’re withdrawing large amounts. Like deposits, withdrawals may also take up to 7 days to process, but you’ll not be charged any fees.
Neuer-capital spread and leverage
Contrary to claims that the company doesn’t have any leverage, it has been proven to have as high as 1:100 leverage. This also goes to refute those scam claims they are a fraud. Their spread is also as low as 0.1 on average. The company makes its profits mostly from overnight trading fees, which is why they can give their users opportunities to maximize their profits.
The company also has several trading options to their customers. They allow trading of bitcoin, ethereum, Qtum, and Iota, among many others. They understand the competitive nature of the industry, which is why they try to impress their customers with the best deals.
With that done, I tried to find out some of the things that set this company apart from other newcomers. Some of the advantages I noticed about this company include:
Security
Another reason why some people have trouble trusting this company is the claims that they are less secure and should be granted access to credit card information of even computers. However, these are pure lies as the company has proven to be very safe, starting the SSL encryption they have. Secure Socket Layer is the best protection because it ensures that all information submitted through the website is encrypted. This way, even if there were someone eavesdropping or hacking, they wouldn’t quickly get the in n formation.
Another security aspect comes from the fact that this company doesn’t work with the ID parties. All the operations are directly between you and them. This doesn’t just save you fees that you would have to spend on those third parties, but it also ensures that your information remains safe with the company.
Customer support
Neuer-capital has a customer service team that is available to tackle any of your issues. Whether you’re having problems with your trading or your withdrawals, this team will respond to you instantly and help you find a solution. This also contradicts Neuer-capital scam reviews that have depicted that the company doesn’t respond to their users. This team is well trained in various areas, which means they consist of traders, personal brokers, market analysts, and account managers. Whatever you need, you can reach our to them regardless of what time it is.
Simplicity
Nothing can be as frustrating as a brokerage website that doesn’t make it easy for users to find their way around. Neuer-capital takes care of this with the structure of their website, which is perfectly laid out. You can easily navigate around different pages even if it’s your first time trading. The loading time is also swift. There are no lags or downtime which means that all your processes will be completed faster
Training
Over the years that I have done reviews of brokerage companies, I have never come across any scam company that spends resources providing their users training. Neuer-capital has an educational section that covers different aspects of trading, including videos and ebooks, with information about how how to become a professional trader and video chart analysis. They also have an economic calendar with the latest news and reports regarding the state of the economy. Also, they provide webinars and daily market reviews. All these can be accessed by the primary account, which means that if you’re a first time trader, then you’ll get a lot of help leading to your success.
No hidden fees
This is also in contrast to some claims that this company is a fraud because they charge some enormous amounts of extra fees. From what I found out, Neuer-capital doesn’t charge any money for third party fees, withdrawals, or asset purchases. Instead, they don’t have a limit to the amount you can withdraw and deals with you directly. You also get several trade options from them all without paying up any extra amount.
Diversity
Apart from diverse trading options, Neuer-capital also has a website for those who prefer to use PCs and an app for those who prefer smaller devices. The app works on multiple types of platforms ranging from Android to iOS. Both of these options are continually tested to ensure they work perfectly. They also make sure that everyone who wishes to trade with the company gets to do so conveniently.
Conclusion
Although Neuer-capital scam claims may seem to have a foundation, the company has proven that its operations are legit and based on the local as well as global regulations. The long withdrawal process was implemented to prevent credit card fraud and identity theft, and the long transaction periods are typical with the types of transaction methods. The extensive training they provide together with their customer service is excellent for new traders and those looking to migrate. All in all, Neuer-capital isn’t a scam website and is the perfect platform to hone your cryptocurrency trading skills. However, if you have some experience in the industry, you are free to try some of the established brokerages.