WikiFX Scam Alert: Please Watch Out For FX-CAPITAL!

Breakings!!! FX-CAPITAL was blacklisted by the Financial Conduct Authority in the UK, which warned on December 28, 2022, that FX-CAPITAL has been pretending was authorized by FCA to offer its financial service in the UK. You may see the warning in the screenshot below.

There is no doubt that the FX-CAPITAL is an officially confirmed scam – the UK regulator FCA blacklisted the so-called broker, which outright proves its fraudulent! Trustworthy financial authorities regularly update their lists with unauthorized entities, and it goes without saying that any broker with a warning on its name should be avoided.

WikiFX also paid a visit to the brokers official website to learn more. So far, its official website is still accessible, proving that FX-CAPITAL is still deceiving investors, their tricks didn't stop with the FCA's warning. According to its website, it's clear that the company is attempting to flout the FCA's warning to prove it was a legitimate company.

According to its website, FX-CAPITAL is located in California, 90017 USA and registered in a national financial institution.

Bear in mind that if “the broker” was truly based in the U.S. it should have also been licensed and authorized as a Futures Commission Merchant (FCM) and a Foreign Exchange Dealer (FED) by the local Commodities Futures Trading Commission (CFTC) in addition to being accepted as a member of the National Futures Association (NFA). And FX-CAPITAL is clearly not regulated there either – WikiFX made the effort and checked the NFA & CFTC registers but in vain, no company or broker by the name of FX-CAPITAL was listed.

The minimum deposit for the available account types is insanely high! The minimum deposit with FX-CAPITAL is $500, its five as high as the industry standard of $100. Not to mention that many brokers are now accepting clients for as little as $5, which turns FX-CAPITAL into an expensive brokerage! With such a high minimum deposit, but there are no withdrawal terms on its website. We may venture to say that this is not normal, investors probably fail to withdraw their money back in the end!

With such complex regulatory information, how should investors distinguish between good and bad traders？ It's as simple as typing the name of the broker into WikiFX before you invest, you will see every aspect of this broker. WikiFX also provides a comprehensive score based on license, business, risk control, software and regulatory, which is beneficial for investors to make judgments. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en？source=fiona) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html？source=fiona) to evaluate the safety and reliability of this broker!