The company running the site positions itself as “one of the leading and fastest growing in the world”. The intermediary promises clients attractive trading conditions as well as the most innovative technological solutions. Despite the fact that the firm considers itself one of the leaders in CFD trading in Europe and Asia, it does not display any licenses and other official documents on its website. In addition, disputes with clients are settled by the court of the Republic of Vanuatu.
How safe is this platform? You will find out from our Domking Capital LTD review whether this project is reliable or not.
How to Trade
The brokerage firm promises to provide traders with the UTLC platform, a web trader, and mobile apps, links to which are not available. You can choose an account from 7 options. The terms and conditions contain the following parameters:
- Minimum deposit 100 euros.
- Bonuses up to 100%.
- Investment return guarantees.
- Passive income from 9% to 18% per month.
- Leverage from 1:10 to 1:100.
The intermediary gives access to trading S&P/ASX 200, EUR/USD, Bitcoin, and other assets with CFD service. The sizes of swaps, spreads, and commissions are not disclosed.
The broker may change the terms of service without prior notice. The firm may use any data uploaded by users without clients’ consent. Cryptocurrency accounts are not subject to commissions.
Domking Capital LTD Vital Info
The company claims to have been in the market for more than a decade. The intermediary talks about the history of the UTLC brand, which was founded in 2015 and started operating internationally in 2017. However, it is unclear to us what the connection is between the two organizations. In addition, the site mentions a fictitious person, Barry Wordman, who is often listed as the CEO by fake brokers. As for the domain, it was created in November 2024. That is, the platform has been operating for less than 3 months.
The legal address listed on the website does not contain the name of the jurisdiction. Meanwhile, we found out that it is Singapore, and in the specified building there is DA INTERNATIONAL CAPITAL HOLDING (SINGAPORE) PTE LTD. However, this organization has nothing to do with brokerage activities. Meanwhile, we found out that Domking Capital LTD is a clone of the now-defunct pseudo broker UTLC (utlc-trading.pro, utlc-invest.org). Finally, the hero of our review has no financial licenses and legal entity registration in any country.
The domain is quite new, and the site is a fake copy. So Domking Capital LTD is another scam broker who wants to take your money. There is no demo account here, and trading conditions are not even fully disclosed. How can you trust such scammers?!?!!!! I don't have an answer to this question. I just want to believe that there are no such illiterate traders in this world who would agree to such a game. I beg you - please do not invest in companies like Domking Capital LTD with fraudulent websites - they are 100% fake and are nothing but a dirty illegal forex scam. I don't even know what else to add. There is no guarantee of safety of client funds. No insurance, no license, and what is the period of operation? 10 years?? Why is the domain 3 months old? Where's the office? I don't know. The contacts are fabricated by scammers at domking-capitalltd.com and the Singapore address is fictitious too. Yes, this is a hotbed of red flags and it is absolutely impossible to trust these scammers.
I knew I didn't need to invest here, that it was some fake Singaporean company, but for some reason I registered an account anyway and then deposited $770 only to lose everything in one day. Domking are just regular scammers who just made me lose all my money. The trading here is fake, I realized it right away. I gave my funds to a few scammers who definitely didn't plan to return anything from the beginning.
The manager so beautifully convinced me of the reliability of this site that I invested 2000 dollars. After the first transaction my account was blocked and the support team simply deleted my number from the database. Scammers and liars!
The manager convinced me to add €3k to the base rate. Since I thought everything was in order, I deposited the required amount to trade with a big profit. And then the spectacle for one spectator began! The company staff resisted any attempt to withdraw any part of my funds: the program crashed, I needed verification, then a new verification, then I had to deposit another €300 to pay the commission, then another €300 to pay the tax, etc... While I was trying to complete this quest, the crooks just blocked my account! Brilliant result!!!
I'm tired of getting calls from all sorts of scam companies. As soon as I once asked on the forum about this business, representatives from unknown companies started calling me all the time. Now DOMKING CAPITAL LTD managers call me every day. Of course, I have studied reviews about them, as well as about others. In short, they are common scammers who have no brokerage license at all. This is a HYPE, which is engaged in stealing money under the guise of a broker, promising clients an income of up to 18% per month!!! I cannot recommend such companies to you!!!! Better take care of your money!!!
A lot of companies have appeared recently similar to DOMKING LTD. They attract inexperienced traders with amazing trading conditions: low spreads, instant execution of orders and the opportunity to make profit not only on the currency exchange, but also in other types of trading. And you will also get 9% per month of the deposit amount However, having funded the account and even having managed to earn money, investors will not be able to withdraw profits. I lost about 120 USDT here. As it turned out, the account as well as all trading on domkingcapitalltd.com are fake.
A classic of empty promises. The broker talks about the best technology and quality service, but in fact there is no real data about licenses or proven customer success with domkingcapitalltd.com. You can deposit money easily here, but it is almost impossible to get it back, which is not hard to guess when there are no trivial copies-scans of authorizations for financial activity. I advise you to better avoid this intermediary.
I figured out the fraudulent scheme these scammers are using. So, they took a company from Singapore, which is on the local registry of legal entities, created a fake website with a similar name and started accepting money by offering fake brokerage services in the financial markets. DOMKING CAPITAL LTD feeds all victims with the information that they are supposedly operating legally with a Singapore legal entity registration, but this is a common lie. Experienced users will realize it at once, the crooks will not manage to steal their money, but beginners fall for deception, they will believe in promises of easy earnings, give their money to the crooks, assuming that this is a real broker, which can be trusted. Since I have not found any evidence of the existence of this firm, I came to the conclusion that this is a regular trash garbage can of scammers.
If I had known that such huge commissions would be waiting for me, I wouldn't have given a single euro! At first everything was fine and I invested €1,240, then I wanted to withdraw half of it and I paid €270 of my money in commissions to these scammers!
How could I behave so stupidly? Representatives of this broker offered a lucrative way to make a lot of money on a “reliable project”! of course, I was tempted and agreed. I deposited 100 dollars on the platform, started trading and even earned $18 in a week. However, I shouldn't have done that. As soon as I refused to deposit big money into my account, everything changed immediately. I lost my entire deposit on a single trade in a second when the terminal suddenly shut down at the most inopportune moment. In the end, I did not manage to earn anything, I only lost all my money here!!!
I was very worried about my deposit until I withdrew the first money from my account. That's when my worries ended. I agree that domkingcapitalltd is not very trustworthy at first glance, but that doesn't mean that it is fraudulent or bad in any way. Many brokers work without licenses, and they work transparently and honestly. And this is just the right example. I will even say more. Having a brokerage company regulated does not mean a 100% guarantee that you will not be scammed. I got into an unpleasant situation, cooperating with a licensed broker 2 years ago, which closed unexpectedly and people lost their invested money. I lost almost $800 at that time. I have a $200 deposit in domkingcapitalltd account, but it's a test account, I plan to fund it soon with a more serious amount to trade at higher volumes 🔥 because this platform inspires me more and more confidence, especially after earning 12% in a month and the first successful withdrawal.
This project, in fact, dump, which is managed by experienced scammers. At first they explained me everything well: how to pass verification, how to use cryptocurrency to transfer money, how to make trading operations, what kind of analytics it is, in short, the best service. I was just in the process of searching for a profitable way to earn money, so I fell for the bait of these scammers. I invested a considerable amount of money in Domking Capital and lost everything very quickly. The scammers convinced me to deposit $15,000 by cryptocurrency transfer, and now I can't withdraw a single cent back. These bastards promised to teach me how to make money trading forex in no time, that they would provide me with an analyst who would tell me what to do and how to do it. In addition, these scammers told success stories of other clients, and I realized later that it was all fake and that there were never any other clients making millions of dollars at domkingcapitalltd.com! It was all a bait that I fell for. As they treated me kindly and spoke clever words right up until I started requesting a withdrawal. As of now, I am unable to contact the scammers or withdraw any money from Domking Capital. I really want to write this review with foul words, that's how I feel, but I realize that then the administrators of this site will not allow my comment to be published because of the harsh words, so I have to hold back. Colleagues, don't believe these scam artists, they will scam you too. They live by deception, rob naive traders and investors without regret...
Another broker that came out of nowhere is DOMKING CAPITAL LTD , which positions itself as one of the best financial analysts and promises to increase your income by 18% per month and you don't even need to have any idea about trading, but just deposit €1 million. This service is suitable for those millionaires who really have no idea about this issue and are looking for only bright offers. I think that a serious company will never give such silly promises, and of course, this broker has no license, so cooperation with it will bring you nothing but problems and losses. I definitely do not recommend you to believe in such nonsense.