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Operating status: SCAM
Website: https://livecapitol.net/
On 4 Aug 2022, the Seychelles Financial Services Authority (FSA Seychelles) issued a warning that Live Capitol is not relate to any entity licensed or regulated by the FSA in any capacity. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website-making-reference-to-sd037-regulated-by-the-financial-services-authority-of-seychelles
Live Capitol claims to be a licensed broker under double regulations of the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority (Seychelles), presenting license numbers 138/11 and SD037.
Firstly, we searched the number in CySEC and found a company named Topfx Ltd - Live Capitol claims to be operated by the company. However, the approved website was "www.topfx.com" instead of "https://livecapitol.net/". This broker may misuse the regulatory information of a licensed company.
Moreover, we searched the Seychelles FSA and found a warning - Live Capitol is not related to any entity licensed or regulated by the FSA in any capacity.
The truth is that Live Capitol 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, it is a scam.
BrokersView found the domain "https://livecapitol.net/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
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