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I dont want to invest too much money. So is there any limit to deposit on Capital MGM?
alookfx
Russia
2024-06-27
ANSWER We suggest investors avoid using Capital MGM, an unregulated broker.Capital MGM claims to be a broker regulated on a global scale, with alleged registrations in Hong Kong SAR and Cyprus. However, detailed searches of the Hong Kong Securities and Futures Commission (HK SFC) and the Cyprus Securities and Exchange Commission (CySEC) registers show no records of the company, indicating that it is not governed by these financial regulators.Additionally, Capital MGM suggests it has a UK location but lacks the necessary authorization from the Financial Conduct Authority (FCA), which has resulted in a warning against the firm.Operating outside the regulatory frameworks, Capital MGM is extremely risky. The evidence and warnings strongly imply that Capital MGM could be a fraudulent operation. Therefore, we strongly advise against using Capital MGM and instead choose fully regulated brokers.
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What is the excution mode on Capital MGM?
maksimgordeevfx
Cambodia
2024-04-28
ANSWER We strongly advise against engaging with Capital MGM, a broker that currently operates without a license.The broker's claims of being regulated in Hong Kong SAR and Cyprus are not backed by specific details, casting a shadow of doubt over their credibility. Our subsequent investigation indicates that these claims are unfounded, as there are no corresponding records from the relevant financial regulators to substantiate them. Adding to the concerns, this broker, which purports to be based in the UK, has been flagged by the Financial Conduct Authority (FCA) for offering financial services in the country without the necessary authorization. This has led to a warning being issued by the FCA.In light of these findings, it is prudent for investors to steer clear of Capital MGM to avoid becoming victims of potential fraudulent activities. For the security of your funds, we recommend choosing fully regulated brokers over unregulated ones like Capital MGM.
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