Reason to avoid: Offshore license
Listed Date: June 20, 2018
Top 3 Regulated Forex Brokers
- Company name: Gelko Partners LTD
- Registration/license: Marshall Islands
- Registration/license requirement: $2,000
EU-Capital forex and CFD broker is owned by a Marshall Islands-based holding company called Gelko Partners LTD. Their registered office address is at Trust company complex, Ajeltake Road, Ajeltake Islands, Majuro, Marshall Islands. The Marshall Islands is an offshore destination where usually brokerage services are not regulated. There is no information about an actual place of registration of the EU-Capital. Dealing with a broker which has a Marshall Islands license is risky as it only takes USD 2,000 to get one. Comparing the license from UK’s Financial Conduct Authority, that costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits.