FXG Trade Review

• Company name: Capital FXG LTD
• Registration/license: Marshall Islands
• Registration/license requirement: USD 2,000

Is FXG Trade a regulated forex broker or a scam?

no, FXG Trade broker is Non-Regulated Broker. It is NOT SAFE to trade.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.

FXG Trade is a brand owned by Capital FXG LTD – a company licensed in the Marshall Islands. The Marshall Islands is a popular offshore destination for forex brokers, as it offers a variety of tax benefits (no income tax, no capital gains tax nor inheritance tax), the registration process is fast and low cost, and capital requirements are also very low, amounting to USD 2000. Also the billing of the company is handled by Nordic Pearl Ltd., based in Bulgaria.

Although the company is not licensed in UK, but is targeting UK residents. It is recommended to trade with brokers regulated by UK’s FCA or Australia’s ASIC instead.

For example, the license from UK’s Financial Conduct Authority, requires EUR 125,000 of capital for the STP license aside from client deposits. The regulator also protects customers when authorized financial services firms fail.