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I wanna know about Capitalxtend's regulation plz.
Rasmus Jespersen
Zambia
Mar 31, 2023
ANSWER Capitalxtend is an unlicensed broker even though it states offers that look too good to be true.Capitalxtend claims to be owned and operated by CapitalXtend LLC supposedly registered in St. Vincent and the Grenadines. This company also claims to be a part of CAPITALXTEND GROUP LTD with accreditation issued by the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan (ARDFM). We did find CapitalXtend LLC in the registry of Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA), but there is no matching results in the ARDFM. In addition, it should be noted thet the SVG FSA has no legal authority to issue forex licenses and regulate forex activities.Regarding your question, Capitalxtend is under no valid regulations. Put simply, it is an unlicensed broker. Letting this broker control and hold your funds or trading with it is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would suggest investors stay away from such unlicensed brokers as Capitalxtend and trade with fully regulated brokers.
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