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Capital Gold Asset

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Operating status: SCAM

Website: https://cgoasset.com/

Broker violations and abnormal records
  • 2023-11-26 BrokersView has reviewed that Capital Gold Asset is an unregulated broker

    While Capital Gold Asset purports to be an established, licensed online trading platform, our investigation suggests otherwise.

    Firstly, the company claims to be registered with the Securities and Exchange Commission (SEC), but our search found no corresponding entries in the SEC registry.

    Secondly, Capital Gold Asset asserts it has been trusted by customers for more than 20 years. However, its domain, cgoasset.com, was first registered in September 2022. This discrepancy raises questions about the platform's honesty.

    Thirdly, Capital Gold Asset vaguely states it is based in Chesapeake, an independent city in Virginia, United States. However, it provides no further details about its exact location or a phone hotline for customers to contact its team. This lack of transparency is a potential red flag. Considering its offerings, it must be registered as a member of the National Futures Association (NFA). However, our search for it in the NFA registry didn't return any records.

    In essence, Capital Gold Asset 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.

    Based on these findings, it is clear that Capital Gold Asset is a scam.

    While Capital Gold Asset purports to be an established, licensed online trading platform, our investigation suggests otherwise.Firstly, the company claims to be registered with the Securities and Exchange Commission (SEC), but our search found no corresponding entries in the SEC registry.Secondly, Capital Gold Asset asserts it has been trusted by customers for more than 20 years. However, its domain, cgoasset.com, was first registered in September 2022. This discrepancy raises questions about the platform's honesty.Thirdly, Capital Gold Asset vaguely states it is based in Chesapeake, an independent city in Virginia, United States. However, it provides no further details about its exact location or a phone hotline for customers to contact its team. This lack of transparency is a potential red flag. Considering its offerings, it must be registered as a member of the National Futures Association (NFA). However, our search for it in the NFA registry didn't return any records.In essence, Capital Gold Asset 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.Based on these findings, it is clear that Capital Gold Asset is a scam.

Related Complaints

Q&A

Is Capital Gold Asset reliable?

Reynold
Thailand
2023-12-05
ANSWER No, Capital Gold Asset is not considered reliable. It operates as an unlicensed trading platform, which investors are advised to avoid.Capital Gold Asset purports to be a US-based company, allegedly regulated by the U.S. Securities and Exchange Commission (SEC). However, there is no evidence to suggest that it is registered with the SEC. Furthermore, it is not listed as a member of the National Futures Association (NFA). Despite the fact that Capital Gold Asset's domain name was only created in September 2022, the company claims to have 20 years of experience. These inconsistencies indicate that Capital Gold Asset may not be a trustworthy trading platform.Therefore, engaging with Capital Gold Asset carries a high level of risk. There are no regulatory protections in place to ensure its compliance with regulations or to protect investors' interests. To reduce the risks of fraud and identity theft, it is recommended to steer clear of Capital Gold Asset and opt for fully regulated brokers instead.
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