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Portaltradecapital

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Operating status: SCAM

Website: https://www.portaltradecapital.com/

Broker violations and abnormal records
  • 2023-07-31 The NZ FMA issues a warning against Portaltradecapital

    On August 1, 2023, the New Zealand Financial Markets Authority (FMA) issued a warning against Portaltradecapital, stating that this broker is falsely claiming to be a NZ registered company. https://www.fma.govt.nz/library/warnings-and-alerts/portaltradecapital/

    On August 1, 2023, the New Zealand Financial Markets Authority (FMA) issued a warning against Portaltradecapital, stating that this broker is falsely claiming to be a NZ registered company. https://www.fma.govt.nz/library/warnings-and-alerts/portaltradecapital/
  • 2023-08-02 BrokersView has reviewed that Portaltradecapital is an unregulated broker

    The Financial Markets Authority of New Zealand (NZ FMA) has issued a warning against Portaltradecapital, stating that this broker is purporting to be a registered company in New Zealand by using the Certificate of Incorporation, NZBN, and address of a registered New Zealand company, Portal Archive Limited. The director of Portal Archive Limited has confirmed as having no association with this website.

    In essence, Portaltradecapital 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.

    The Financial Markets Authority of New Zealand (NZ FMA) has issued a warning against Portaltradecapital, stating that this broker is purporting to be a registered company in New Zealand by using the Certificate of Incorporation, NZBN, and address of a registered New Zealand company, Portal Archive Limited. The director of Portal Archive Limited has confirmed as having no association with this website.In essence, Portaltradecapital 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

What about Portaltradecapital's license?

AntonPavlovskyi
Kiribati
2023-08-22
ANSWER Portaltradecapital doesn't have any license to offer trading services in forex. The Financial Markets Authority of New Zealand (NZ FMA) has confirmed that this is an impersonation fraud.According to the NZ FMA's warning, Portaltradecapital is purporting to be a registered company in New Zealand by using the Certificate of Incorporation, NZBN, and address of a registered New Zealand company, Portal Archive Limited. The director of Portal Archive Limited has confirmed as having no association with this website.Therefore, Portaltradecapital is totally a scam built on lies. If investors deal with this fraudster, they are exposed to significant risks such as fraud or identity theft and there are no rules in place to safeguard their interests. As such, it is advisable for investors to steer clear of such unlicensed brokers as Portaltradecapital and opt for a fully regulated one.
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