WikiFX Scam Alert: Beware of capitaltradeforex.com!!!

Investors who are still trading forex at capitaltradeforex.com had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To make things straight from the very beginning, on our next screenshot you may check the recent warning issued on September 21th against Capital Trade (capitaltradeforex.com) by the Financial Conduct Authority (FCA) in the UK. Take a look (source: https://www.fca.org.uk/news/warnings/capital-trade-0):

“This firm is not authorized by us”, the FCA says, “and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.”

WikiFX also paid a visit to the brokers official website to learn more. Capital Trade claims to be regulated, misleading the public so as to create a false sense of security and entice people into its fraudulent scheme. Just bear in mind that Capital Trade is an exposed scam, as the British authority FCA issued a warning against the broker. The regulator states that Capital Trade is unauthorized, which practically means that the trading services offered by the broker are unregulated and illegal!

CapitalTrade also claims to be based in Jakarta, Indonesia and to be running an office in Australia as well, but given the recent FCA warning we strongly doubt that.

You can hardly trust anything a new broker might claim, if you can not verify its credentials in the registers of any official regulatory institution as for example the Australian Securities and Investments Commission (ASIC). To that end the Capital Trade website appears to be virtually anonymous as well.

Furthermore,CapitalTrade claims to provide MT5, but that‘s not true. WikiFX couldn’t find the broker on the MetaQuotes list of brokers, and registrations were impossible at the time of writing. WikiFX tried to sign-up but in vain – the entire registration page was missing as the Open Account links redirected to the Home Page. So, with that being the case, WikiFX cannot even confirm that CapitalTrade has trading software at all.

Now let's search “Capital Trade” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Capital Trade currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in capitaltradeforex.com. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.