Worldwide CapitalFX Review

Is Worldwide CapitalFX Scam or Legit Broker?

No, it is not safe to trade with Worldwide CapitalFX. Worldwide CapitalFX is owned by Algobit Ltd. which is an offshore company registered in Seychelles.

• Seychelles is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Hugo's Way, AG Capitals, and more.

What is WorldWide CapitalFX?

WorldWide CapitalFX (CapitalFX) claims to be an online binary option (Check US Regulated Binary Options Brokers), cryptocurrencies, Forex, and Contracts for Difference trading platform provider. The broker claims to be located in the USA and even provides the registration number with IBC. However, the company is not authorized to provide financial services in the USA or any other company.

• Moreover, several regulators have warned the public against Worldwide CapitalFX:
  CySEC, February 11, 2019:
  "The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the worldwidecapitalfx.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."
• Also, the is a warning from the British Columbia Securities Commission (BCSC):
  "We recently became aware of CapitalFX and that it had solicited a British Columbia (BC) resident to trade with the company. CapitalFX is not registered to trade in, or advise on, securities or exchange contracts in BC."

CapitalFX Review Conclusion

We advise all investors and traders to avoid Worldwide CapitalFX and other brokers from Seychelles. Remember that it is not safe to sign in with an offshore broker, as they do not provide a sufficient level of reliability and safety. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BDSwiss.

Worldwide CapitalFX Update

Our research revealed that the Worldwide CapitalFX website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.