Is Capital Traders Scam or Legit Broker?

Capital Traders has been suspected as scam broker. According to the website, Capital Traders is providing financial services and is located in Estonia. However, the broker does not hold any license in the country, thus being an unreliable broker for investments.

About Capital Traders
🗺️ Registered inEstonia
🗺️ Type of LicenseNo License
🛡️ Is Capital Traders safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Capital Traders?

Capital Traders position themselves as the ultimate choice for crypto traders with a huge variety of assets and elegant trading platform, as well as a professional partnership with 300+ banks. Moreover, the company mentions its authorized and regulated status, however, does not hold any reputable license apart from the establishment certificate. In addition, the legal consultation is provided by the PANAMERA CAPITAL GROUP LTD which is located in St. Vincent and the Grenadines, a known offshore zone.

  • As long as the company is incorporated within the EU, the broker should confirm its reliability status along with the necessary proves of safe service, that are crucial for a good trading provider. The above-mentioned issue, as well as other international compliance with a constant overseen of operation,  is provided by the specific authorities that monitor markets. These reputable entities include UK’s FCA Brokers, Australian ASIC Brokers, and other regulated companies, thus it is much safer to choose among those brokers.
  • The Capital Traders, yet, cannot be proud of a reliability status, due to lack of serious regulation and therefore the company appeared in a blacklisting of the Belgium FSMA. The authority received complaints from the investors and strongly advises to protect potential traders from a fraud offering. The unregulated firms, in fact, cause highest risks while the trader may fall under the uncertain situation of fund management, market manipulation or typical issue with money withdraws.

“You may be approached after having expressed interest in an advertisement published on social media or other websites that sings the praises of cryptocurrencies. If you click on such an advertisement, you will be asked to fill in a contact form with your email address and phone number. In the next few days, you will first receive a phone call from a telephone salesperson, who will offer you some explanations of cryptocurrencies and direct you to the ‘company’s’ website.”

FMSA, Belgium. October 2018.

Capital Traders Review

Capital Traders Review Conclusion

We advise to stay away from Capital Traders and sign in with Regulated Brokers only that hold a reliable license and are constantly overseen.  There are many companies that are licensed by the regulators like UK’s FCA brokers such as FBS and BlackBull Markets recommended as the best trading company provider.


Capital Traders Update

Based on our research, the Capital Traders website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

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