Bulls Capital Markets Review
Bulls Capital Marketshttps://www.bullscapitalmarkets.com/
Reason to avoid: No License.
Listed Date: September 18, 2018
Top 3 Regulated Forex Brokers
- Company name:
Bulls Capital Markets Ltd.
- Registration Address/ License:
UK. No License.
Bulls Capital Markets claims to be an NDD (No Dealing Desk) brokerage firm that offers its trading services on a wide range of trading instruments with the competitive conditions. Yet, behind the brand stands an incorporated UK company Bulls Capital Markets Ltd which is, however, is not regulated by the local authority FCA that in fact is a mandatory rule to all financial service firms within the UK.
Despite that, the company started its history back in 2009 in the USA while further had to move its operations to another jurisdiction due to the newly implemented regulatory rules. Nevertheless, the newly established company didn’t bother to obtain a license, which will protect clients and establish reliable conditions to invest and perform online trading. The company states on their website that the clients’ funds are kept separately from the company ones, yet there is no any supervisory body which guarantees the statement.
In addition, for instance, several regulatory authorities issued warnings against Bulls Capital Markets since the company was claiming their investors with the information, which is in fact not true. The worldwide traders also informed about their experience, which faced many issues especially while claiming withdrawals.
“The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Bulls Capital Markets, which claims to be supervised by the CSSF in Luxembourg.”
Therefore, we would advise the investors to choose among the brokers in the UK that are licensed by the reputable FCA and hold necessary regulatory obligations towards their clients. Apart from the overseen operation, the regulation also establishes a set of strict rules for the company to follow along with the fixed compliance and capital adequacy requirements.