Is Phy Capital Investments a scam or a legit broker?

Phy Capital Investments Limited is a broker that offers Forex, CFDs, indices and metals trading. The company claims to be owned and operated by Direct Trading Technologies Limited. According to the website, the broker is based and regulated in New Zealand.

About Phy Capital Investments Limited
🗺️ Registered inNo Registration
🗺️ Type of LicenseOffshore License
🛡️ Is Phy Capital Investments Limited safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

However, the broker doesn’t provide its registration number, instead, it only tells about the purposes and advantages of being a New Zealand Financial Services Provider. It doesn’t seem like the broker is actually regulated. In addition, we have found a company Direct Trading Technologies Limited that is licensed and regulated by the UK’s FCA and New Zealand’s FMA, however, this company is not associated with Phy Capital Investments Limited. In addition, Phy Capital Investments Limited has been using the address details of the regulated Direct Trading Technologies Limited, which only proves that the broker is a clone of a legit company. It is a popular tactic among scam companies that use the regulation/address/names of the licensed companies in order to get people’s trust and make them invest.

Moreover, Phy Capital Investments has recently been blacklisted by the Securities & Futures Commission of Hong Kong:
“The company’s address belongs to a secretarial company. Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.”

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more.

Conclusion

To sum up, all the mentioned facts show that Phy Capital Investments Limited cannot be trusted and might be one more fraud company. Instead, we advise all investors and traders to avoid Phy Capital Investments Limited and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

You can also share your trading experience with Phy Capital Investments Limited by commenting on this review.


Phy Capital Investments website is no longer active.

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