ANSWER CapproFX is an unlicensed broker even though it states offers that look too good to be true.CapproFX claims to be owned and operated by Cappro Capital Limited, registered with the Registrar of Companies for England and Wales (also known as Companies House) with Registration Number 9461187. As we searched for this company on the website of Companies House (CH), we found its account was overdue. Furthermore, it should be noted that the CH is only a registrar of the UK and has no legal authority to issue forex licenses and regulate forex activities. It is the Financial Conduct Authority (FCA) that has the authority to supervise financial industry in the UK. However, our search for this broker in FCA's registry did not yield any results.Regarding your question, CapproFX is an unlicensed broker. Letting this broker hold or control investor's funds or trading with it is risky. We would suggest investors stay away from unregulated brokers like CapproFX and trade with fully regulated brokers.
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