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Does Broker Capitals have license?
Anees Jani
Bolivia
2023-11-21
ANSWER No, Broker Capitals not only lacks any licenses, but it has also been red-flagged by financial watchdogs for conducting unlicensed investment activities. Its intention to defraud is blatant and obvious. Investors should steer clear of it immediately.BrokersView's investigation has confirmed that Broker Capitals is a fraudulent scheme, falsely claiming to be a regulated, established brand. This unlicensed trading platform disregards rules and laws, illegally soliciting investors in various countries. As a result, the Italian Commissione Nazionale per le Società e la Borsa (CONSOB) and the UK Financial Conduct Authority (FCA) have tracked and blacklisted Broker Capitals. (You can find more information about warnings here: CONSOB warning, FCA warning).Therefore, to avoid falling victim to fraud and identity theft, investors are advised against engaging with Broker Capitals. To safeguard their interests, it is better to choose brokers that are fully regulated.
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Is Broker Capitals's spreads competitive?
Ahmed Aziz
Rwanda
2022-11-16
ANSWER Broker Capitals is not a licensed or regulated broker even though it states offers that look good to be true. Broker Capitals claims to be an experienced broker that started business in 2000. We checked its domain and found it was created in 2021. How could it be possible that Broker Capital started its business in 2000? It is a red flag. Broker Capital also claims to be a reliable forex broker registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and regulated in the United Kingdom. We searched SVG FSA but found no matching result. Besides, SVG FSA does not regulate forex activities or issue forex licenses. Then we searched the United Kingdom Financial Conduct Authority (FCA). However, no matching result has been found in the FCA's registry. That means Broker Capital is not authorized to provide financial services in the UK.Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Finex Stock is not authorized to provide financial services. You can check the full warning from here. The truth is, Broker Capitals is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Broker Capitals and trade with licensed brokers.
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