Euro Capitals claims to be a regulated broker under regulation of the Russia International Financial Market Relations Regulation Center (IFMRRC). However, the IFMRRC is not an authority that issue licenses for forex trading or regulate entities to offer forex services.
Actually, both the German Federal Financial Supervisory Authority (BaFin) and the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued warnings against Euro Capitals. That means Euro Capitals is not authorized to provide financial services in Germany and Italy.
Not being overseen by any regulator, letting this broker hold or control customers' money is unsafe and the money can not be protected by any law. Therefore, it is a scam.
Euro Capitals claims to be a regulated broker under regulation of the Russia International Financial Market Relations Regulation Center (IFMRRC). However, the IFMRRC is not an authority that issue licenses for forex trading or regulate entities to offer forex services.Actually, both the German Federal Financial Supervisory Authority (BaFin) and the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued warnings against Euro Capitals. That means Euro Capitals is not authorized to provide financial services in Germany and Italy.Not being overseen by any regulator, letting this broker hold or control customers' money is unsafe and the money can not be protected by any law. Therefore, it is a scam.