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True Capital

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Operating status: SCAM

Website: http://truecapital.net/

Broker violations and abnormal records
  • 2022-05-15 BrokersView has reviewed that True Capital is an unregulated forex broker

    True Capital is not a licensed broker for the following reasons.

    1) After going through the broker's website, we found that neither regulatory information nor company details is mentioned. The lack of such information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

    2) Downloading its trading platform, we found this broker is owned by Fantastic Days Limited, a liability company located in the Seychelles. However, we didn't find any result matching this broker in the register of Seychelles FSA (Seychelles Financial Services Authority; the Seychelles financial regulator). 

    All evidence clearly states that True Capital is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. 

    True Capital is not a licensed broker for the following reasons.1) After going through the broker's website, we found that neither regulatory information nor company details is mentioned. The lack of such information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag here.2) Downloading its trading platform, we found this broker is owned by Fantastic Days Limited, a liability company located in the Seychelles. However, we didn't find any result matching this broker in the register of Seychelles FSA (Seychelles Financial Services Authority; the Seychelles financial regulator). All evidence clearly states that True Capital is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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