CapitalXP Review
Reason to avoid: Offshore license
Listed Date: October 26, 2018
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Beware CapitalXP is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Quattro Holding Group LTD
- Registration/license: St. Vincent and the Grenadines
- Registration/license requirement: USD 2,000
About CapitalXP
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is CapitalXP safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
CapitalXP is a Forex and CFDs broker, owned and operated by Quattro Holding Group LTD, registered on St. Vincent and the Grenadines. It is a popular destination for forex brokers because registration procedure is simple and low-cost and they face limited regulatory supervision if any. It is important to remember that the company’s registration has nothing to do with the regulation and may be confusing for those who have just started searching for the brokers to invest with.
The website provides two contact phone numbers (Russia and United Kingdom), however, neither the broker, not the company behind it are regulated in these or any other countries by the official financial regulators. Also, the website supports English and Russian languages, which only confirms the fact that CapitalXP has been targeting people from these countries without any legal right to do that.
Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated with the mentioned authorities.
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Reading through the above explanation, one can not but deviate from any forex institution /organization especially for a low income earner like me who struggle daily before getting 2 square meal in a country where an average citizen live below 1 dollar per day. It will be a suicidal mission if by deception I save to get the lowest required fund to get a forex which will later be lost to a scanner called forex
Thank you
But why the advertisement scam posted on social media. Is there no regulatory body that can help unsuspecting individuals like me?
If you can help helpless people like please I’m from South Africa and Capitalxp took all my kids money and for me it’s very hard to even get my kids into the best school all I wanted was to provide for my family and the man called Adam Williams too everything from me I wish we could get some help out there and see them in Jail