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First Capitals

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Operating status: SCAM

Website: https://firstcapitals.com/

Broker violations and abnormal records
  • 2024-01-30 The FCA identifies First Capitals as a clone

    On January 29, 2024, the Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/first-capitals-firstcapitalscom-clone-fca-authorised-firm

    On January 29, 2024, the Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/first-capitals-firstcapitalscom-clone-fca-authorised-firm
  • 2024-01-30 BrokersView has reviewed that First Capitals is an Unregulated broker

    According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but upon investigation, no matching information was found. It also claims to be regulated by the Financial Services Conduct Authority (FSCA). After inquiry, we found a company matching the 47710 number on the FSCA, but the company name is inconsistent with First Capital, and the registration status shows "License Withdrawn", which is obviously false regulatory information. 

    In addition, it claims to be regulated by the Financial Conduct Authority (FCA). We found a company with the same name as First Capital on the FCA, but a careful comparison found that the URL of the company regulated by the FCA is inconsistent with the URL of First Capital. It is obvious that the regulatory information of the compliance company has been stolen. 

    In addition, the company's homepage also mentions International Capital First Strategy, which is registered in Mauritius. After searching, no matching information was found in the Financial Services Commission, Mauritius (FSC Mauritius), and the website did not indicate that Firstcapital had any relationship with the brand.

    The Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm.

    The truth is, First Capitals is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, First Capitals is a scam.

    According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but upon investigation, no matching information was found. It also claims to be regulated by the Financial Services Conduct Authority (FSCA). After inquiry, we found a company matching the 47710 number on the FSCA, but the company name is inconsistent with First Capital, and the registration status shows "License Withdrawn", which is obviously false regulatory information. In addition, it claims to be regulated by the Financial Conduct Authority (FCA). We found a company with the same name as First Capital on the FCA, but a careful comparison found that the URL of the company regulated by the FCA is inconsistent with the URL of First Capital. It is obvious that the regulatory information of the compliance company has been stolen. In addition, the company's homepage also mentions International Capital First Strategy, which is registered in Mauritius. After searching, no matching information was found in the Financial Services Commission, Mauritius (FSC Mauritius), and the website did not indicate that Firstcapital had any relationship with the brand.The Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm.The truth is, First Capitals is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, First Capitals is a scam.

Related Complaints

Q&A

Is First Capitals legit or not?

Marijan
Brunei
2024-02-08
ANSWER No, First Capitals is not legit.Our research on this company suggested that it either uses false regulatory information or misappropriates details of a legitimate counterpart to defraud investors. This is a significant fraudulent practice, revealing its intention to defraud. As such, its fraudulent activities have prompted a warning from the Financial Conduct Authority (FCA), which identifies it as a clone firm.As such, First Capitals appears to be a fraud scheme, posing significant risks including fraud and identity theft. We strongly suggest investors stay away from First Capitals and instead choose trading platforms under stringent supervision.
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