Is Capitals Banks a scam or a legit broker?

It is not safe to trade with Capitals Banks, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

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

Capitals Banks is a Forex and CFD broker owned and operated by Finbdo Ltd. The company is located in London, UK and claims to be registered in Companies House (the United Kingdom’s registrar of companies and is an executive agency and trading fund). We didn’t find this company in this register, which means they provide false information about the company. Moreover, in order to be able to offer financial services in the United Kingdom, the company needs to be regulated by the Financial Conduct Authority. In the case with Capital Banks, it doesn’t just lack the license from the FCA, it even has been blacklisted by this regulator and also by the Italian CONSOB.


Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about Capitals Banks. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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