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ShenzhouCapital

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Operating status: SCAM

Website: https://shenzhoucapital.com/

Broker violations and abnormal records
  • 2024-11-13 BrokersView has reviewed that ShenzhouCapital is an unregulated broker

    The domain of ShenzhouCapital was registered in February 2024, making it a relatively new financial website. The entity makes unsubstantiated claims about operating under various laws and regulations but fails to provide solid evidence, such as specific licensing details, to back up these claims. The forex broker relies solely on its assertion of being registered in St. Lucia, an offshore area where forex trading is not licensed, to establish its legitimacy. While ShenzhouCapital claims to have an address in the U.A.E., there are no indications that it is properly authorized or supervised by any relevant financial regulators.

    In essence, ShenzhouCapital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    ShenzhouCapital appears to be a scam.

    The domain of ShenzhouCapital was registered in February 2024, making it a relatively new financial website. The entity makes unsubstantiated claims about operating under various laws and regulations but fails to provide solid evidence, such as specific licensing details, to back up these claims. The forex broker relies solely on its assertion of being registered in St. Lucia, an offshore area where forex trading is not licensed, to establish its legitimacy. While ShenzhouCapital claims to have an address in the U.A.E., there are no indications that it is properly authorized or supervised by any relevant financial regulators.In essence, ShenzhouCapital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.ShenzhouCapital appears to be a scam.

Related Complaints

Q&A

Is this broker ShenzhouCapital safe?

Ahmad Yusuf
Indonesia
2024-11-13
ANSWER Dear Investor,Thank you for reaching out to us. We found ShenzhouCapital is offering financial services and products through the website shenzhoucapital.com. If this is the platform you inquired about, we strongly suggest you avoid using it as we believe it to be a scam. Here are several red flags to watch out for:1. Recent Domain Registration: The domain of ShenzhouCapital was registered in February 2024, making it a relatively new investment website.2. Lack of Transparency: The company behind ShenzhouCapital is almost anonymous, making it challenging to hold them accountable if any issues arise. They can vanish at any time.3. Unlicensed Offerings: The claim of being registered in St. Lucia cannot be considered a valid license for its business, as this is an offshore area that doesn't license forex trading. Despite the alleged address in the UAE, no corresponding records suggest that it is properly supervised there.Therefore, ShenzhouCapital is unregulated and very risky. We strongly suggest you stay away from ShenzhouCapital to protect your funds and personal information. If you have any further inquiries or need assistance, please feel free to contact us.
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