Broker Capitals is not a licensed or regulated broker even though it states offers that look good to be true.
Broker Capitals claims to be an experienced broker that started business in 2000. We checked its domain and found it was created in 2021. How could it be possible that Broker Capital started its business in 2000? It is a red flag.
Broker Capital also claims to be a reliable forex broker registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and regulated in the United Kingdom. We searched SVG FSA but found no matching result. Besides, SVG FSA does not regulate forex activities or issue forex licenses.
Then we searched the United Kingdom Financial Conduct Authority (FCA). However, no matching result has been found in the FCA's registry. That means Broker Capital is not authorized to provide financial services in the UK.
Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Finex Stock is not authorized to provide financial services. You can check the full warning from here.
The truth is, Broker 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 Broker Capitals and trade with licensed brokers.
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