Capital Group80 is not a licensed or regulated broker even though it states offers that look good to be true. Capital Group80 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.
In addition, according to its website, the company's offices are located in Cyprus and the United Kingdom. As per relevant law, this broker should be authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the United Kingdom Financial Conduct Authority (FCA). But we did not find any match results for this broker in the above two watchdogs' registries.
Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Capital Group80 was a clone firm, and not authorized to provide investment services in Spain. You can check the full warning from here.
The truth is, Capital Group80 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 Capital Group80 and trade with licensed brokers.
评论