Capital Swiss FX Review
Reason to avoid: Offshore license
Listed Date: October 24, 2018
Top 3 Forex Brokers
Beware Capital Swiss FX is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
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Is Capital Swiss FX Scam or Legit Broker?
Capital Swiss FX is a non-Regulated broker. It is NOT SAFE to trade. The company is owned by Swiss Capital LTD, an offshore entity located in St. Vincent and the Grenadines.
- St Vincent is an attractive solution among financial companies and those businesses that for one reason or another choose to operate through an offshore company. As the jurisdiction itself offers easy-to-achieve setup demands through a very quick, simplified process, the firm does not necessarily need an office in SVG, is allowed to maintain low initial capital, and has no strict establishment rules or requirements, yet allows running a global business. Read more about why to avoid the brokers registered in St. Vincent and the Grenadines.
About Capital Swiss FX
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Capital Swiss FX safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is Capital Swiss FX?
Capital Swiss FX is a Forex and CFDs broker. 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 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 the 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."
Capital Swiss FX Review Conclusion
It is important to remember that investing in offshore brokers is extremely risky and a large percentage of those companies are in fact indulging 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.
Capital Swiss FX Update
We found the Capital Swiss FX website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come.
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Swiss capital fx is a fraud company.. they simply take your money and you will lose all the money you deposit with these guys… i accidentally created the account with them and some one called me straight away and literary forced me to deposit €250.. i paid that amonunt in my account. Then some one called me next day and said there is bit coin halloween is coming and if i put some money they can put €500 in my live account. They were asking for €5000 but i said i do not have that amount… so they literally convinced me to put at least €1000. So was a bad day i put another €1000 with them.. they have added €500 in my account. So my total deposit was €1750. After that i read some bad reviews about this company like FCA has banned this company. I ldecided to withdraw my money.i filled the withdrawal form and submit them. Same broker called me again and said let me open trade for you so at last you can make some money. I like to build relation so that we can work together again in future.. he opened the trade in crude oil and put all my money at risk.. in 5 sec trade is closed and i lost all €1750 in one single trade… that broker called me again and wanted to put extra €1000 so that i can recover my loss.. but i didn’t gave any money further…please do not trade with them you will loose every thing.
One of the agents from swissfx cold called me and when questioned more closely about his company’s portfolios and internet address became aggressive and very argumentative when it became obvious that they were dealing without FCA approval. The call ended When I told him that I would not consider dealing with them. My wife received a call about 20 minutes later in which he threatened to kill me which frightened and greatly upset her.