CapitalFXclub Review

Is CapitalFXclub Scam or Legit Broker?

No, it is not safe to trade with CapitalFXclub. CapitalFXclub is owned by Pro Capital which claims to be located in the United Kingdom. However, all the financial companies located in the UK should hold an FCA license, which is not the case with CapitalFXclub. According to the website, PRO CAPITAL provides premium-quality commodities and Forex trading services, which have fulfilled the commodities trading needs of clients since the creation of the company in 2013. 

What is CapitalFXclub?

CapitalFXclub offers a wide variety of commodities and Forex products to its customers. The broker doesn't provide any information about its regulation and it seems that it is not overseen by any authority. In addition, Italy's regulator CONSOB has issued a warning against CapitalFXclub:
"The National Commission for Companies and the Stock Exchange has ordered the discontinuation of the infringement of art. 18 of the Consolidated Law on Finance, consisting of the provision of unauthorized investment services and activities to the Italian public, implemented via capitalfxclub.com"

• In addition, despite its London location, the contact phone number is Italian, which is a sign that the company has been targeting Italian residents.

CapitalFXclub Review Conclusion

In conclusion, we advise avoiding trading with CapitalFXclub even though their offering might seem competitive and attractive. Safety of funds always goes first, therefore we recommend choosing among regulated brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and BlackBull Markets.

CapitalFXclub Update

Our research revealed that the CapitalFXclub 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.