Go Capital FX Review

Is Go Capital FX Scam or Legit Broker?

No, it is not safe to trade with Go Capital FX. Go Capital FX is owned by Lancelot Equity Ltd., which is an offshore company registered in Dominica.

• Dominica is notorious for its practically absent requirements and regulations. Due to the setup cost being low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Global Clearing Group, TradeToro, and more.

What is Go Capital FX?

According to the website, Go Capital FX provides an opportunity for traders of different skills level to earn money in the financial market through a wide range of trading tools. Among the assets, they offer CFDs on metals, energy, indices, and shares of companies; Forex, and Future. Although, the broker doesn't provide any information about its regulation. There is no specific license for the forex brokers in Dominica (Read about Dominica located TradersWay), so it means Go Capital FX has no legal rights to offer its financial services. 

• Moreover, the company has been blacklisted by the Cyprus Securities and Exchange Commission:

"The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the website gocapitalfx.com, does not belong to an entity which has been granted authorization for the provision of investment services and/or the performance of investment activities."

Go Capital FX Conclusion

We advise all investors and traders to avoid Go Capital FX and other brokers from Dominica. Very often unregulated or offshore brokers run investment scams. Thus, we advise traders not to trust attractive offerings and promises and instead find a reliable broker with tight regulations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as IG Markets and BlackBull Markets.

Go Capital FX Update

Recently Go Capital FX website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.