Capital Traders Review

Reason to avoid: No License

Listed Date: November 28, 2018

Top 3 Regulated Forex Brokers

Beware Capital Traders is a Non-Licensed Broker. It is NOT SAFE to trade.

  • Company name: 

Bravos OU. PANAMERA CAPITAL GROUP LTD. Capital Traders.

  • Registration Address/ License:

Estonia. No License, No Regulation. 

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

Capital Traders Review

As long as the company 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.

Share this Article