TBXCapital Review: Transparency and Regulatory Analysis

In case you were wondering should you waste your time and money on TBXCapital broker, the answer is most definitely no. Not just that the broker is described as a scam. Still, there were many complaints and withdrawal issues reported. Read our TBXCapital.com review and find out everything about the company.

TBXCapital Details

TBXCapital Regulation and Security

TBXCapital is a brand owned by KeyStart Trading Ltd, allegedly based in Saint Vincent and the Grenadines. However, you will find the already notorious Beachmont Business Center in Kingston if you check the address. Any unregulated broker stating to be based in SVG has this exact same address. Are they all part of a big scam, or this location just seems the most suitable? We cannot tell yet.

Regarding security, there is nothing to be said. The company is not registered in the SVG register nor regulated by any authority body.

Warnings From Financial Regulators

Since the broker is not regulated, there is no authority body to receive complaints. However, it looks like traders turned to an independent organization dealing with Forex brokerages. The Financial Commission or FINACOM PLC LTD is an independent self-regulatory organization that received many complaints about TBXCapital. Therefore, this organization did the job and published a warning against the brokerage inviting everyone involved to report the company.

Beware of the TBXCapital scam!

Can you withdraw funds from the TBXCapital broker?

For sure, after you’ve invested some money and virtually made a profit, you would like to withdraw this profit. Is it possible with TBXCapital? Let’s see.

First of all, the broker is using a web trader. That means it can access all of your trades and change them accordingly, so you cannot even make a profit.

Secondly, the broker offers a leverage of up to 1:400, which is exceptionally high. All the EU and the USA-regulated brokers limit the leverage to 1:30 or 1:50 due to safety reasons.

As a third red flag, we have to point out that the broker didn’t list a minimum deposit anywhere. It is mentioning a Basic account, but how much money is required? Nobody knows. Also, it states to charge a fee of 2.5% only on card deposits, while other methods are free of charge. However, if you check the available payment methods, you will see only debit/credit cards. Meaning you will pay the fee anyway.

And the last suspicious thing on the list – if you accept the bonus, as per Terms and Conditions, you agree NOT to withdraw the funds at any given time, but when the company allows you.

So, can you withdraw the funds from TBXCapital? As per our review, no.

Scammed by TBXCapital?

If you were scammed or misled by TBXCapital, there is a possibility of getting your money back. You need to file a dispute and request your bank to do a chargeback.

But what is a chargeback? Your bank can withdraw the funds from the merchant in case of proving you were a victim of an online scam. 

Contact our support via chat, and let’s start the procedure immediately!