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the unlimited-capital

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I want to trade with a platform that has islamic account. Is The Unlimited Capital a good choice?
Haley Rayden
Indonesia
2023-04-28
ANSWER The Unlimited Capital is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.The Unlimited Capital claims to be regulated by several regulatory bodies, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Conduct Authority (FSCA), and the National Futures Association (NFA). However, our investigation suggests that this broker is not overseen by any regulator, and the FCA even issued a warning about it (you can check the full warning here). This means that The Unlimited Capital is using false information to deceive unsuspecting investors.Regarding your question, we strongly suggest you avoid dealing with The Unlimited Capital since it is an unlicensed broker. Entrusting this broker with your funds or trading with it is highly risky, as there are no legal protections in place to protect the funds. Therefore, investors are suggested to stay away from unlicensed brokers like The Unlimited Capital and opt for fully regulated ones instead.
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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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