Luxembourg-Warned FX Broker Capital GatewayCG is Targeting Your Wallet

Capital GatewayCG claims to be a financial brokerage firm that legitimately offers trading in forex, commodities, indices, and stocks. On the surface, there's nothing unusual about the broker's website, from registration details to the legal information are all offered. However, after careful verification, you will find that this broker has fabricated many lies.

The financial license details are the most important information that a broker should provide to its clients first.

According to Capital GatewayCG, it is operated by "HigTechNordPro Limited", a company registered in St. Vincent and the Grenadines with registration number 26398 BC 2021.

However, from the search results below, the so-called "registered company" and "registration number" mentioned by the broker do not exist in the registry of the Financial Services Authority (SVG FSA). Meanwhile, BrokersView has repeatedly reminded forex traders that no forex regulator exists in this jurisdiction, therefore, a registered company there is not always a legitimate broker authorized to provide financial services.

Even more ridiculous information came to light when opening the withdrawal policy document on the broker's website. For some reason, the policy document provided to clients by this broker, Capital GatewayCG, was signed by another firm.

At the end of the document, we find out that the scammer copied the withdrawal policy document of another illegal broker "ProfitRise FX," which is allegedly a brand name of "WestPoint Pro Limited." Coincidentally, this company also claims to be registered in St. Vincent and the Grenadines with the same registration number of 26398 BC 2021.

Unsurprisingly, WestPoint Pro Limited is also a fake company.

In addition, we found that Capital GatewayCG dares to ask for a withdrawal fee of up to $50 or £50 from its clients!

To top it all off, the fraudster is warned by the Luxembourg financial watchdog as it claimed to be located in Luxembourg.

The Luxembourg regulator, CSSF, stressed that the broker was not authorised in Luxembourg to provide investment or other financial services.

Besides, the brokers Gateway Capital CG and GATEWAYCAPITALCG, whose names and logos are highly similar to Capital GatewayCG's, are also fake! They have been warned by several reputable European financial regulators. You can check the details of these warnings from BrokersView.

Brokers that lie about regulatory information are the least trustworthy, especially as Capital GatewayCG tries to confuse the difference between business registration and financial authorization. Therefore, investors should avoid working with this illegal company and also take care to avoid ProfitRise FX and WestPoint Pro Limited, which are associated with it.