ANSWER Golden Capital FX is not a licensed or regulated broker even though it states offers that look good to be true. Golden Capital FX presents no details of its regulation. Lacking regulation info may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their certificates and licenses in a prominent place. It is a red flag here.Besides, Golden Capital FX shows its two office addresses in the United Kingdom and Peru. As per the information we hold, Peru has no authority that issues licenses for forex trading or regulates forex activities. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for this broker in FCA. Golden Capital FX is not an approved broker in the UK.More importantly, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. You can check the full warning from here.The truth is, Golden Capital FX 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 Golden Capital FX and trade with licensed brokers.
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