Capital Forex Live Review – Perfect Guide on How to Avoid a Scammer
The financial market is a vast and popular place. People trade 24/7 from all over the world; for many, this is an excellent opportunity for some additional income. However, not every brokerage will follow the rules. Read the full article and learn how to avoid scammers. In this detailed Capital Forex Live review, we will raise some serious red flags about this company.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||United Kingdom|
|Types of Assets:||N/A|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is Capital Forex Live a Secure And Regulated Platform?
Capital Forex Live is a Forex international investment and trading company. They are based in London, UK. Or so we’re told.
On their website, a claim says that Capital Forex Live broker is licensed by “CAC Nigeria.” Why would a Nigerian regulator license a UK-based company? Red flags are everywhere.
So to answer the question – no. This company is not a regulated corporation. Your funds are not safe and you should, by all means, avoid this broker.
How Unsafe Is An Unlicensed Broker?
License is what makes the client’s money segregated from the company’s money. This is just one of many protective measures companies take.
On the other hand, if the broker is not working under reliable regulation, there is a big chance that you will end up as a victim of fraud since there is no one who can overlook the transactions. You risk losing everything.
How Reliable Is Capital Forex Live Broker?
Capital Forex Live is allegedly a UK-based trading company. The broker is not regulated and we have no real idea about the owner. The consumer index is 1, meaning low trust score.
Traders’ Experience With Capital Forex Live
As expected, Capital Forex Live reviews are not positive. Since the firm is not regulated or UK-based, many issues exist. Most customers ended up without the possibility of getting their funds back. If you recognize yourself in this story, it’s time to seek help.
Capital Forex Live Trade Offers MetaTrader 5 Platform – Is This True?
The only thing you’re getting on the website is a link for the software download. The software is available on Desktop, iOS, and Android devices. After the installation is done, you will see the MetaTrader 5 (MT5). But there is a catch, and it’s not a good one. The broker is not providing credentials for logging into a trading server. You might think it’s a Demo account option, but the option is disabled. You’re downloading non-functional software. What a delight! Capital Forex Live furthermore offers nothing and not only in terms of a trading platform.
All About Capital Forex Live – A Bit About Accounts and Withdrawal Fees
There are three types of accounts with Capital Forex Live:
- Starter – $20
- Premium – $30
- Professional – $100
Each account type has different entry fees. The minimum amount for a deposit is $20. Don’t let this trick you because even if the deposit amount is low, the costs for a withdrawal are high. You cannot send a withdrawal request until you pay alleged bank taxes. This is just one way a company uses to keep your money away from you.
Capital Forex Live Range of Trading Instruments & Market Conditions
Here, we can’t say much. The firm doesn’t list available trading assets and we cannot access the platform for information.
Besides, there’s nothing about fees, spreads, or leverage. It looks like once you deposit the money, this firm will simply vanish without giving you an opportunity to trade.
What Payment Methods Does The Broker Accept?
Before you register an account, everything is possible; the range of payment methods is broad and includes:
- credit cards,
- cryptocurrencies, and
But is that true? After registering an account, the only way to deposit is through cryptocurrencies. Why is this alarming? These transactions are much harder to trace, which is very convenient for scamming brokers. Don’t be a victim of this firm.
Also, remember the names of the trading frauds CFD Capital, DakkenGroup, and ZuluTrade trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!
Capital Forex Live Broker – Countries Of Service
The Capital Forex Live trading broker operates with clients from:
- United States
- United Arab Emirates
Scammed by Capital Forex Live Broker? – Let Us Hear Your Story
The worst has already happened. Your money went missing and Capital Forex Live is not responding to your calls or emails. Unfortunately, situations like these happen just too often. There is something you can do – reach out to us. We can help you get your money back through a chargeback.
But What Is A Chargeback?
A chargeback is a way for your bank to recover the funds directly from the merchant. Contact us via online chat today and let’s start before it’s too late.
What Is Capital Forex Live?
Capital Forex Live is a Forex trading company allegedly based in the UK.
Is Capital Forex Live a Scam Broker?
Yes, it’s a scam! No reliable regulatory body does not regulate the company.
Is Capital Forex Live Available in the United States or UK?
Capital Forex Live is available for both citizens of the USA and UK.
Does Capital Forex Live Offer a Demo Account?
This firm does not offer a Demo account. This option is disabled.