- Sep 20, 2022 The UK FCA Added CapitalTrade into Its Warnings
On 21 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that CapitalTrade is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/capital-trade-0
- Sep 22, 2022 BrokersView has Reviewed that CapitalTrade is an Unregulated Forex Broker
CapitalTrade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker was awarded from 2019 to 2020. However, we checked its domain and found the domain had been created in 2020. How could it win awards before this year? Here is another red flag.
In addition, this broker claims to be located in Indonesia. However, as per information we have, there is no forex regulator in Indonesia. So it is impossible that CapitalTrade to be regulated in the country.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that CapitalTrade was providing financial services or products in the UK without authorisation.
The truth is that CapitalTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
CapitalTrade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker was awarded from 2019 to 2020. However, we checked its domain and found the domain had been created in 2020. How could it win awards before this year? Here is another red flag.
In addition, this broker claims to be located in Indonesia. However, as per information we have, there is no forex regulator in Indonesia. So it is impossible that CapitalTrade to be regulated in the country.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that CapitalTrade was providing financial services or products in the UK without authorisation.
The truth is that CapitalTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
- Dec 07, 2022 BrokersView has found that CapitalTrade is not working
BrokersView found the domain "https://www.capitaltradeforex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
BrokersView found the domain "https://www.capitaltradeforex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
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