Reason to avoid: Offshore license
Listed Date: October 26, 2018
Top 3 Regulated Forex Brokers
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
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.