ANSWER Euro Capitals is not a licensed or regulated broker even though it states offers that look good to be true. Euro Capitals claims to be operated by Miva Solutions LLC, a company authorised and regulated by the Russia International Financial Market Relations Regulation Center (IFMRRC). However, IFMRRC is not an authority that issue licenses for forex trading or regulate entities to offer forex services.More importantly, both the German Federal Financial Supervisory Authority (BaFin) and the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued warnings against Euro Capitals for providing financial services without authorization. You can check full warnings from BaFin and CONSOB.The truth is, Euro Capitals is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Euro Capitals and trade with licensed brokers.
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