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CapMar's regulation?
romrom daspan
Australia
2023-05-14
ANSWER CapMar is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.According to CapMar, it is authorized and regulated by the Securities Commission of the Bahamas (SCB) and a subsidiary of CapMar PLC which is authorized and regulated by the Financial Conduct Authority (FCA). However, the SCB has refused this claim by issuing a warning stating that CapMar is not permitted to offer financial services or products in the country (you can access the full warning here). Moreover, there is no records of CapMar PLC's existence in the FCA registry. These misrepresentations suggest that CapMar is trying to deceive unsuspecting investors.Regarding your question, CapMar is not subject to any regulations. Entrusting this broker with your funds or personal details is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like CapMar and choose fully regulated ones instead.
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