Aluma Capital claims to be established in 2015 as a top asset and fund manager that provided corporations, funds, and other organizations with specialized, goal-driven cash management solutions.
As Status Asset Management acquired Aluma in 2016, the client product selection expanded to include specialized investment products including Global Notes and Fixed Income. In order to provide its clients with the entire spectrum of financial products and wealth management, Aluma also acquired both a Category I and Category II license.
Aluma Capital Review – How safe is to invest here?
Financial Sector Conduct Authority states that a WhatsApp group with the name Aluma Private Equity Fund 2 that is similar to Aluma Capital (Pty) Ltd, a registered Financial Services Provider (FSP number), has drawn the attention of the Financial Sector Conduct Authority (FSCA), which wants to alert the public 46449).
According to the Financial Advice and Intermediary Services Act, 2002 (FAIS Act), the people running the WhatsApp group are not permitted to offer any financial advice or intermediary services. The WhatsApp group, pretending to be Aluma Capital (Pty) Ltd, is promoting the plan to unsuspecting clients by promising unrealistically large returns.
According to Aluma Capital (Pty) Company (FSP number 46449), it is in no way connected to the WhatsApp group. According to the FSCA, these people are operating illegal financial services businesses and rendering advisory and intermediary services without the required authorization.
Always check to see if a company or person is permitted to offer a certain financial product or service by the FSCA.
We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2023 to aid your decision-making.
How does Aluma Capital Scam Work?
Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is Aluma Capital broker Legit or a scam: Conclusion
It is clear from the Aluma Capital review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Aluma Capital and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Scammed by Aluma Capital? Scam Helpers can help
If you are a victim of the Aluma Capital scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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