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Operating status: SCAM
Website: https://extrendcapfx.com/
ExtrendCap claims to be owned and operated by EXTREND CAP INTERNATIONAL PTY LTD, a company incorporated in Australia. As per Australian law, all company and financial services including banks, credit unions, and mortgage and finance brokers shall be regulated by the Australian Securities & Investments Commission (ASIC). However, we did not find any match results to ExtrendCap in ASIC's registry. The truth is that ExtrendCap is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
On 12 Dec 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that ExtrendCap was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=extrendcapfx.com
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