Capital Hall

  • Company name: Capital Tech Ltd.
  • Registration/license: Marshall Islands

Is Capital Hall a scam or legit broker?

No, it is not safe to trade with Capital Hall. Capital Hall is owned by Capital Tech Ltd. which is an offshore company registered in the Marshall Islands.
The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, ProFxPremium and more.


There is another company behind the brand’s name, Pbox Ltd., registered in Bulgaria. However, we didn’t find this company in the register of the Bulgarian Financial Supervision Commission.
Moreover, the broker has recently been blacklisted by the Central Bank of Ireland:
“The Central Bank of Ireland (‘Central Bank’) today, 18 February 2019, published the name of an unauthorised investment firm, Capital Hall/Capital Tech Ltd (Marshall Islands) – https://capitalhall.com. Capital Hall/Capital Tech Ltd (Marshall Islands) is not authorised to provide investment services in Ireland.”


We have also found out that Capital Tech Ltd. operates a few other brokers that were blacklisted by several regulators. Previously reviewed PBNTrade and PBNInvest that were blacklisted by the Austrian FMA.
We advise all investors and traders to avoid Capital Hall and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and Plus500.

K2 Wall Street

  • Company name: K2 WALL STREET CO LIMITED
  • Registration/license: None

Is K2 Wall Street a scam or legit broker?

No, it is not safe to trade with K2 Wall Street. The broker is owned and operated by the K2 WALL STREET CO LIMITED and claims to have offices in London, UK and New York, USA. According to the website, K2 WALL STREET CO LIMITED is an investment company whose activities are regulated and authorized by the UK jurisdiction SIC 66110 (Administration of financial markets) by the number of the certificate 11426191 (Companies House) is located in London, Great Britain. However, Administration of financial markets is not the regulator that approves licenses for the Forex brokers in the UK, it is the task of the Financial Conduct Authority. It turned out that K2 WALL STREET CO LIMITED is not licensed by the FCA, nor by any other authority.


Moreover, this same regulator, Financial Conduct Authority, has recently issued a warning against K2 Wall Street:
“This firm (K2 Wall Street) is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
In addition, the company provides false information on the website regarding its numerous awards (like Best Broker 2016, Forex Broker Firm of the Year 2017 etc), which are fake.
Considering the above, we highly recommend to avoid K2 Wall Street and select a decent and licensed broker instead. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and Plus500.

CapitalFXclub

  • Company name: Pro Capital
  • Registration/license: None

Is CapitalFXclub a scam or legit broker?

No, it is not safe to trade with CapitalFXclub. CapitalFXclub is owned by Pro Capital which claims to be located in the United Kingdom. According to the website, PRO CAPITAL provides premium-quality commodities and Forex trading services, which have fulfilled the commodities trading needs of clients since the creation of the company in 2013. PRO CAPITAL offers a wide variety of commodities and Forex products to its customers.


The broker doesn’t provide any information about its regulation and it seems that it is not overseen by any authority. In addition, Italy’s regulator CONSOB has issued a warning against CapitalFXclub:
“The National Commission for Companies and the Stock Exchange has ordered the discontinuation of the infringement of art. 18 of the Consolidated Law on Finance, consisting of the provision of unauthorised investment services and activities to the Italian public, implemented via capitalfxclub.com”


In addition, despite its London location, the contact phone number is Italian, which is a sign that the company has been targeting Italian residents.
In conclusion, it is advised to avoid trading with the broker even though their offering might seem competitive and attractive. Safety of funds always first, therefore we recommend choosing among regulated brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and Plus500.

Worldwide CapitalFX

  • Company name: Algobit Ltd.
  • Registration/license: Seychelles

Is Worldwide CapitalFX a scam or legit broker?

No, it is not safe to trade with Worldwide CapitalFX. Worldwide CapitalFX is own by Algobit Ltd. which is an offshore company registered in Seychelles.
Seychelles is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Hugo’s Way, AG Capitals and more.


WorldWide CapitalFX (CapitalFX) claims to be an online binary options, cryptocurrencies, Forex and Contracts for Difference trading platform provider. The broker claims to be located in the USA and even provides the registration number with IBC. However, the company is not authorized to provide financial services in the USA or any other company.
Moreover, several regulators have warned the public against Worldwide CapitalFX:
CySEC, February 11, 2019:
“The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the worldwidecapitalfx.com, does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.”


Also, the is a warning from the British Columbia Securities Commission (BCSC):
“We recently became aware of CapitalFX and that it had solicited a British Columbia (BC) resident to trade with the company. CapitalFX is not registered to trade in, or advise on, securities or exchange contracts in BC.”


We advise all investors and traders to avoid Worldwide CapitalFX and other brokers from Seychelles. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and Plus500.

TradeInvest90

  • Company name: Celestial Trading ltd.
  • Registration/license: Seychelles

Is TradeInvest90 a scam or legit broker?

No, it is not safe to trade with TradeInvest90. TradeInvest90 is owned by Celestial Trading Ltd. which is an offshore company registered in Seychelles.
Seychelles is notorious for its easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict overseeing of the brokers’ operation or history. Therefore, it became an offshore zone for shady forex brokers such as AG Capitals, Swift Bit Options and more.


TradeInvest90 offers a wide range of different assets including Forex, CFDs, stocks, bonds, futures, indices, as well as crypto. According to the terms and conditions on the website, all the payments are processed by CELTIC PAY LTD., based in the United Kingdom, however, the broker is not authorized to provide financial services in the UK. Also, the broker claims to be licensed and regulated by the Montenegro security exchange commission, which is a false claim.
Moreover, TradeInvest90 has been blacklisted by the Austrian FMA:
“Celestial Trading Ltd / Tradeinvest90 is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.”


We advise all investors and traders to avoid TradeInvest90 and other brokers from Seychelles. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.

ADN Markets

  • Company name: ADN Markets Ltd.
  • Registration/license: St. Vincent and the Grenadines

Is ADN Markets a scam or legit broker?

No, it is not safe to trade with ADN Markets. ADN Markets is own by ADN Markets Ltd. which is an offshore company registered in St. Vincent and the Grenadines.
St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CapitalXP, Welkron and more.


According to the website, ADN Markets a membership in the international Financial Commission (FinaCom), as they mention the registration number. Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.
From our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.
ADN Markets offers forex, indices, commodities, stocks and also cryptocurrency trading. The website provides two contact numbers with the country codes of the UK and Spain, which means the broker has been targeting the residents of those countries. However, ADN Markets is not regulated by local authorities in either the UK or Spain or actually any other country.
Moreover, the broker has been blacklisted by Spain’s CNMV:


We advise all investors and traders avoid ADN Markets and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.

HugosWay

  • Company name: Hugo’s Way Limited
  • Registration/license: Seychelles

Is Hugo’s Way a scam or legit broker?

No, it is not safe to trade with Hugo’s Way. Hugo’s Way is own by Hugo’s Way Limited which is an offshore company registered in Seychelles.
Seychelles is notorious for its easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict overseeing of the brokers’ operation or history. Therefore, it became an offshore zone for shady forex brokers such as FXLinked, UKFinvest and more.
Hugo’s Way offers forex currency pairs, indices, commodities and stocks and also cryptocurrency trading. It claims to offer a new level of trading and is able to offer market-leading pricing and trading conditions.


According to the broker’s website, the company is going through the process of applying for a license, however, for now, it remains unregulated. As proof, the website states that Hugo’s Way is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
We advise all investors and traders to avoid Hugo’s Way and other brokers from Seychelles. Generally, all the traders are advised to avoid unregulated/offshore brokers as there is a huge risk of losing money with such firms. Instead, choose those that are regulated with reliable regulator agencies. Traders should invest with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.

Brokerz

  • Company name: Brokerz ltd
  • Registration/license: St. Vincent and the Grenadines

Is Brokerz a scam or legit broker?

No, it is not safe to trade with Brokerz. Brokerz is ownув by Brokerz ltd which is an offshore company registered in St. Vincent and the Grenadines.
St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Lockwood Investments, FXLeader and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.


Brokerz offers trading with Forex, CFDs, stocks, commodities and indices. The broker doesn’t disclose any information about its regulation and we suppose it does not fall under any regulatory oversight.
Moreover, Brokerz has been blacklisted by the Austrian Financial Market Authority (FMA):
“Brokerz Ltd is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore not permitted to trade in financial futures contracts (futures) on its own account or on the account of others”


We advise all investors and traders to avoid Brokerz and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.

Trading Epic

  • Company name: –
  • Registration/license: None
  • Registration/license requirement: –

Trading Epic is a broker that offers forex, commodities, stocks, indices, futures, and cryptocurrencies like Bitcoin. Their website also mentions binary options. They don’t disclose the company behind the brand’s name, which is the first red flag for the traders as the hidden information about the company doesn’t usually mean anything reliable and promising. According to the website, Trading Epic is regulated by the CFTC ( Commodity Futures Trading Commission) and based in New York. The website also says that Trading Epic is regulated by the International Financial Services Commission of Belize, as well as the Cyprus Securities and Exchange Commission, licensed by the Financial Services Board (FSB) of South Africa and is also registered with the Financial Conduct Authority of the UK. However, none of the regulators actually have this broker in their registers, so all these details are fake and Trading Epic has no license to provide financial services.
Moreover, the Financial Conduct Authority has issued a warning against the broker:
“This firm (Trading Epic) is not authorised by us and is targeting people in the UK. Based upon the information we hold, we believe it is carrying on regulated activities which require authorisation.”

We recommend you to avoid not licensed brokers and choose among the regulated ones. The most reliable regulators are the UK’s FCA, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). These regulators require a certain amount of capital from the brokers to guarantee the compensation of funds and a certain level of safety of clients’ money. Here you can check the list of the FCA-regulated brokers.

FXNobels

  • Company name: FXNobels
  • Registration/license: None
  • Registration/license requirement: –

FXNobels is a Forex Brokerage that allows customers to trade Forex, Stocks and Cryptocurrencies online. The broker doesn’t disclose any information about the company behind the brand name. It claims to be located in Malta, but the confusing thing is that the contact phone number which the customers can call is British, but they also can text to the Maltese number. Despite the Maltese location and British contact number, the FXNobels is not regulated in Malta or the UK.
Moreover, the Maltese regulator Financial Services Authority has recently issued a warning against FXNobels:
“The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of FXNobels which is known to have an internet presence at https://www.fxnobels.io/. Although this entity purports to operate from an address in Malta, the MFSA confirms that this is not the case. From information available to the MFSA, FXNobels claims to be a forex brokerage that allows customers to trade in Forex, CFDs, Stocks and Cryptocurrencies online.”


Considering the above, we highly recommend to avoid FXNobels and select a decent and licensed broker instead. Here we should note that along with FCA, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), two other well-respected institutions, also enforce strict regulatory standards upon all brokers in their jurisdiction.