Capital Hall Review
Reason to avoid: Offshore license
Listed Date: February 18, 2019
Top 3 Regulated Forex Brokers
Beware Capital Hall is a Non-Regulated broker. It is NOT SAFE to trade.
- 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.