Is Go Capital FX a 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 is 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.

According to the website, Go Capital FX provides an opportunity for traders of the 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, 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 an authorization for the provision of investment services and/or the performance of investment activities.”

We advise all investors and traders to avoid Go Capital FX and other brokers from Dominica. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as IG Markets and Plus500.

No news available.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code