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CapMar

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Operating status: SCAM

Website: https://coinfox.life/

Broker violations and abnormal records
  • 2023-05-07 The Bahamas regulator SCB added CapMar to warning list

    On May 8, 2023, the Securities Commission of The Bahamas (SCB) added CapMar to warning list for offering financial services or products illegally: https://www.scb.gov.bs/wp-content/uploads/2023/05/Public-Notice-No-2-of-2023-Unregulated-Entities.pdf

    On May 8, 2023, the Securities Commission of The Bahamas (SCB) added CapMar to warning list for offering financial services or products illegally: https://www.scb.gov.bs/wp-content/uploads/2023/05/Public-Notice-No-2-of-2023-Unregulated-Entities.pdf
  • 2023-05-10 BrokersView has reviewed that CapMar is an unregulated broker

    CapMar claims to be authorized and regulated by The Securities Commission of the Bahamas (SCB). However, the SCB has issued a warning against this broker and denied its claim, saying it is not authorized to offer financial services or products. In addition, CapMar also purports to be a subsidiary of CapMar PLC, authorized and regulated by the Financial Conduct Authority (FCA), but we didn't find records of its existence in the FCA register either. This means CapMar is misrepresenting itself to deceive unsuspecting investors.

    In essence, CapMar 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.

    CapMar claims to be authorized and regulated by The Securities Commission of the Bahamas (SCB). However, the SCB has issued a warning against this broker and denied its claim, saying it is not authorized to offer financial services or products. In addition, CapMar also purports to be a subsidiary of CapMar PLC, authorized and regulated by the Financial Conduct Authority (FCA), but we didn't find records of its existence in the FCA register either. This means CapMar is misrepresenting itself to deceive unsuspecting investors.In essence, CapMar 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

CapMar's regulation?

romrom daspan
Australia
2023-05-14
ANSWER CapMar is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.According to CapMar, it is authorized and regulated by the Securities Commission of the Bahamas (SCB) and a subsidiary of CapMar PLC which is authorized and regulated by the Financial Conduct Authority (FCA). However, the SCB has refused this claim by issuing a warning stating that CapMar is not permitted to offer financial services or products in the country (you can access the full warning here). Moreover, there is no records of CapMar PLC's existence in the FCA registry. These misrepresentations suggest that CapMar is trying to deceive unsuspecting investors.Regarding your question, CapMar is not subject to any regulations. Entrusting this broker with your funds or personal details is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like CapMar and choose fully regulated ones instead.
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