WT Capital Review

Is WT Capital Scam or Legit Broker?

No, it is not safe to trade with WT Capital. The broker states to be regulated and safe, however despite the fact that it is based in Switzerland, it is not regulated by the Financial Conduct Authority (FCA) in the UK or the Swiss Financial Market Supervisory Authority (FINMA).  In reality, it is registered in Seychelles, which is an offshore zone and does not provide fundamental protection.

What is WT Capital?

WT Capital is a Forex and CFDs broker, owned and operated by Force Media LTD., registered in Switzerland. The website provides the company's official address in Zurich, Switzerland, and also gives British and Swiss contact phone numbers. However, the broker is actually not regulated by the Financial Conduct Authority (FCA) in the UK or Swiss Financial Market Supervisory Authority (FINMA) or any other regulator. It also turned out that the broker actually is registered (maybe even located) offshore as the terms and conditions on the website state that all the legal issues could be addressed to the jurisdiction of the Republic of Seychelles.

• In addition, WT Capital has been blacklisted by the Swiss regulator FINMA:
  "Force Media LTD/ World Trade Capital/ https://www.wt-capital.com/ may be carrying out unauthorized services and is not supervised by FINMA."

WT Capital Review Conclusion

We keep on reminding investors that dealing with offshore brokers is risky for their funds. Such destinations as Seychelles, Vanuatu, Marshall Islands, etc. are known for their lax regulation and non-existent corporate taxes, so the brokers who are registered offshore are not licensed, nor overseen by any authority. It is safer to choose among the brokers regulated by respected authorities like FCA in the UK, FINMA in Switzerland, or CySEC in Cyprus. Check the list of FINMA-regulated brokers.

WT Capital Update

Based on our research, the WT Capital 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.