Capital Swiss FX Review
Capital Swiss FXwww.capitalswissfx.com
Reason to avoid: Offshore license
Listed Date: October 24, 2018
Top 3 Regulated Forex Brokers
Beware Capital Swiss FX is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Swiss Capital LTD
- Registration/license: St. Vincent and the Grenadines
- Registration/license requirement: USD 2,000
Capital Swiss FX is a Forex and CFDs broker. The company is owned by Swiss Capital LTD, an offshore entity located on the St. Vincent and the Grenadines. Although, there is a discrepancy on the website as it also states that “this site is owned by Swiss Capital Group Ltd, with License No.08746620, 20-22 Wenlock Road, London, England”. There is one more thing that makes all this regulation thing even more confusing is that the terms and conditions say the company is under the Cyprus jurisdiction. Despite the offshore registration, Capital Swiss FX would need to have licenses from the UK’s FCA and CySec in Cyprus, but we didn’t find any records of broker’s authorization with the mentioned or any other regulators.
In addition to this, Swiss regulator FINMA has issued a warning against the broker:
“Capital Swiss FX https://capitalswissfx.com may be carrying out unauthorized services and are not supervised by FINMA.”
It is important to remember that investing in offshore brokers is extremely risky and a large percentage of those companies are in fact indulged in fraudulent practices. We advise selecting among FCA-regulated brokerages, ASIC-regulated or Swiss FINMA-regulated brokers, where the respective financial authorities are always on alert and your money will be safe and protected.