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BRAGA CAPITAL FX LLC

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Operating status: SCAM

Website: https://bragacapitalfx.com/

Broker violations and abnormal records
  • 2023-07-16 The Spanish CNMV issued a warning against BRAGA CAPITAL FX LLC

    On July 17, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added BRAGA CAPITAL FX LLC to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On July 17, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added BRAGA CAPITAL FX LLC to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-07-17 BrokersView has reviewed that BRAGA CAPITAL FX LLC is an unregulated broker

    BRAGA CAPITAL FX LLC claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 2198 LLC 2022. While it is true that corresponding records exist in the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor does it regulate entities involved in such activities. Therefore, BRAGA CAPITAL FX LLC remains unsupervised by the relevant regulatory body.

    Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added BRAGA CAPITAL FX LLC to its warning list for providing investment services without authorization.

    In essence, BRAGA CAPITAL FX LLC is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    BRAGA CAPITAL FX LLC claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 2198 LLC 2022. While it is true that corresponding records exist in the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor does it regulate entities involved in such activities. Therefore, BRAGA CAPITAL FX LLC remains unsupervised by the relevant regulatory body.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added BRAGA CAPITAL FX LLC to its warning list for providing investment services without authorization.In essence, BRAGA CAPITAL FX LLC is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

What accounts do they offer except for standard account? Do they offer mini account?

Yaroslav
Niue
2023-07-26
ANSWER If you are looking to start your trading life with BRAGA CAPITAL FX LLC, we strongly suggest you steer clear of them due to their status as an unlicensed broker.BRAGA CAPITAL FX LLC is not licensed. While we did locate a firm called BRAGA CAPITAL FX LLC on the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), under registration number 2198 LLC 2022, it is crucial to note that the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed in this jurisdiction.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added BRAGA CAPITAL FX LLC to its warning list for providing investment services without authorization.In conclusion, BRAGA CAPITAL FX LLC is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there are no rules in place to prevent fraud or theft. Therefore, investors are advised to stay away from unlicensed brokers like BRAGA CAPITAL FX LLC and instead opt for a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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