FinanceCapitalFX is a relatively new broker on the financial market but has already defrauded many. The company falsely claimed to be based in Cyprus, but once clients started asking for their CySEC regulation, they gave up on it, leaving us without any information. Read this FinanceCapitalFX review for more details.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | financecapitalfx.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | FinanceCapitalFX Trading Group |
| Headquarters Country: | N/A |
| Foundation year: | 2022 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 250 EUR |
| Cryptocurrencies: | Available |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:100 / 1:500 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About FinanceCapitalFX Regulation?
While the company claimed to be Cyprus-based, many assumed it was regulated by CySEC. Being one of the Tier1 regulators, this authority body wouldn’t allow fraudulent firms on its territory. Or so we thought. However, when too many people raised this question, FinanceCapitalFX simply deleted this information leaving us with no answers about headquarters.
Why Must A Broker Have a License?
A broker must have a license, preferably Tier1, to follow regulatory rules and ensure that your funds are safe and secure. Since FinanceCapitalFX is obviously not a legitimate firm, every penny you invest with this broker is at risk.
On top of that, we want to invite you to read our recently updated reviews of the scam brokersMetaFMI,Wizard CapitalsandOrtegazak. Be careful with these brokers.
Traders Reviews About FinanceCapitalFX
The majority of FinanceCapitalFX reviews are negative. Clients express their issues, starting with a lousy trading platform and the inability to withdraw funds. Most clients say the firm prompted them to download AnyDesk or TeamViewer and steal their funds directly from their online banking.
What Platforms Does FinanceCapitalFX Offer? – Available Trade Software
FinanceCapitalFX offers a proprietary WebTrader accessible only via the web browser.
WebTrader FinanceCapitalFX
Once you click on the “Launch Trader” button, you will see an error stating, “The page can’t be found.” Therefore, we’re unsure if the broker has any platforms to provide or if it’s just a nice story to lure you into depositing the funds.
Note that many fraudulent websites are waiting for your deposits and vanishing. Moreover, we always advise you to invest with a firm providing MT4 or MT5.
All About FinanceCapitalFX Accounts
Clients can choose between 3 account types.
The main difference is in spreads and commissions, while higher accounts have dedicated financial advisers too.
Does FinanceCapitalFX Have A Demo Account?
The trading company doesn’t have a Demo account, so you have to risk investing if you want to check whether the firm is a real trading platform.
FinanceCapitalFX – Countries Of Service
From all we know, FinanceCapitalFX mainly operates in:
- Canada
- UK
- Spain
- Italy
However, this illicit firm has no restrictions, so be careful wherever you reside.
FinanceCapitalFX Range of Trading Instruments & Markets
The broker offers to trade on the following markets:
- Currency pairs
- Commodities
- Indices
- Shares
- Cryptocurrencies
Note that investing with unregulated brokers is risky, no matter how good their offer might be.
At the same time, avoid scammers such asEuroTrades,Inertia FinanceandTrading 360. However, If possible, tell us about your scam experience.
FinanceCapitalFX Bonus Policy
This investment firm aggressively forces its bonuses. Any place you navigate through the website, you will see that the company gives a first deposit bonus. Of course, this money doesn’t come for free. Once accepted, you will not be able to withdraw your profit before reaching the bonus plus the deposit amount 25 times.
About FinanceCapitalFX Trading Conditions
The company hasn’t specified spread, but fees are pretty high. Clients will have to pay 3.20 EUR per lot for the Premium account, and for the Luxury account, 8.70 EUR per lot. Based on this, we assume that these accounts have a lower spread, unlike the Standard account, which has no commissions and the highest spread.
Leverage FinanceCapitalFX
As you can see from our table above, we’re unsure about the leverage. The Account Types section suggests that each account has a fixed leverage of 1:100, while the Platform section indicates that you can get up to 1:500. Whatever is true, it’s against a regulatory standard, so be careful.
FinanceCapitalFX Deposit, Withdrawal Methods, and Fees
FinanceCapitalFX accepts debit/credit cards and wire transfer deposits. The same methods are available for withdrawals, with the minimum for cards being 100 USD/EUR and for wire transfers 250 USD/EUR. On top, you’ll have to pay a 25-unit fee for card withdrawals and 50 units for bank transfers.
The company has a clause stating:
“Please note that we are not committed to any time frame and that any additional charges imposed by third parties shall be deducted from the deposit or the withdrawal/refund, as applicable.”
So not just that anyone may charge you, but you have no specified withdrawal time frame.
Scammed by FinanceCapitalFX Broker? – Let Us Hear Your Story
If you find yourself a victim of FinanceCapitalFX, let us know. Our chargeback specialists may be able to assist you in filing a dispute and getting a refund.
But What Is A Chargeback?
A chargeback is a way for online transactions to be reversed in case of a scam. Contact us immediately to book a free consultation, and our specialists may help you recover your funds. Let’s act now.