Table of Content
FinanceCapitalFX Review – Find Out What This Broker Can Offer
Table of Content
FinanceCapitalFX broker was registered in 2022 in Cyprus. Yet, they did already get some negative achievements. They are operating under FinanceCapitalFX Cyprus Ltd. Besides, they should have adequate licenses based on residence country. After all, any Tier 1 regulation would be accepted.
For a broker that already disappeared, we can say it was expected. Because of all the red flags waving against them.
|Minimum Deposit||250 EUR|
|Broker Type||Unlicensed scam broker|
|Spread||From 0.2 pips|
How Are You Protected at FinanceCapitalFX? Broker Regulation
All Cyprus-based FX and CFD trading companies should have at least a CySEC license. CySEC is an official and trusted regulator. Yet, the FinanceCapitalFX scam broker doesn’t have any connections to CySEC. Moreover, they don’t even have any license for trading in the EEA zone.
FinanceCapitalFX should have recommended Tier 1 regulation. Those are from FCA, BaFin, or CONSOB. Instead of being in the licensed broker’s database, they are on CONSOBs warning list. Afterward, that warning from CONSOB spread all across Europe. Institutions like FSMA, FSA, and Finanstilsynet have shared warnings as well.
In conclusion, none of the funds are protected by this broker. They should have segregated funds and special risk management options. On top of that, there is a minimum deposited capital and 20.000 EUR compensation fund per client. Based on ESMA rules, of course.
Available Trading Software at FinanceCapitalFX
FinanceCapitalFX is nothing different than most investment scams. They only provide a web-based trading platform. Sadly, it only has basic TA tools and hart optimizing options. On the positive side, the FinanceCapitalFX broker offers copy trading. All that would be nice and shiny if this broker is trusted. But it’s not.
Many FinanceCapitalFX reviews are another confirmation that this is all an investment scam. Have in mind, that all these web-based platforms are sometimes manipulated. That works for copy trading as well. If the broker is not trusted, there is no reason to trust anything presented on their platform.
On the other hand, trusted brokers are transparent. Besides licensing, they provide a reliable platform like Meta Trader or cTrader. Don’t think that is the only sign for a legitimate broker. But that is eliminating one crucial fact. Which is the manipulation of trading information.
Account Types Offered by FinanceCapitalFX
FinanceCapitalFX broker offers only 3 different account types. But a downside is that none of those are micro or demo accounts. In general, licensed brokers provide risk-free access to the trading platform.
For example, FinanceCapitalFX is completely in contrast to that. They offer
- Standard – 250 EUR
- Premium – 2.500 EUR
- Luxury – 25.000 EUR
The commission varies from 0 – 8 EUR. For such a small difference they have a huge price jump. Since none of the funds are protected with this broker, even 250 EUR is too much for them.
FinanceCapitalFX scam broker is trying to lure clients with competitive spreads. They start from 0.2 pips while the industry average is 1.5 pips. That is another clear sign to stay away from this scam broker.
Moreover, leverage is limited to a maximum of 1:30 for retail traders. But FinanceCapitalFX offers vastly higher leverage up to 1:200.
What Market Instrument Can Be Traded at FinanceCapitalFX?
On the positive side, FinanceCapitalFX did provide all 5 major instrument classes. Those are:
- Forex – USD/GBP, USD/CAD
- Commodities – platinum, gold
- Shares – AMD, Tesla
- Indices – S&P500, AU200
- Cryptocurrencies – BTC, XRP
Anyone can find something suitable for themselves. No matter if you have a short-term or long-term strategy. Important to realize is that this broker doesn’t reveal commission swaps. Those are crucial for long-term trading or at least waiting for an event.
Remember that FinanceCapitalFX offers these services without a valid license. Therefore, all T&Cs and trading conditions are questionable. Moreover, they don’t provide their clients with negative balance protection. Unlike many other licensed brokers.
FinanceCapitalFX Deposit and Withdrawal Process
The only thing specified in the deposit and withdrawal policy is funding options. If you were looking to see processing time, fees, or any other important information you won’t find it. Some of the methods available are:
- Debit/Credit cards
- Bank transfer
- Crypto wallet
Generally speaking, every method has its costs. Depending on the payment provider you can expect a wide range of commissions. Unfortunately, FinanceCapitalFX doesn’t reveal all that necessary information.
Another key point is the bonus. According to ESMA rules bonuses did get banned. However, scam brokers are still using those hidden clauses to scam their clients. Clients should make a 30x bigger return on investment. Only then they are able to withdraw any profits. Of course, if you accept the bonus. After all, don’t be surprised if you get an unknown fee to pay.
In fact, that is what happens all the time according to FinanceCapitalFX reviews. Traders get to pay unreasonable withdrawal fees or taxes. All mentioned is completely fictive. Those are all cheap tactics to lure clients into depositing their last money. Don’t fall for those and invest your money wisely. Think twice before making any moves.
How Do I Get My Money Back If FinanceCapitalFX Scams Me?
To sum it up, all signs lead to only one conclusion. People get scammed by this broker heavily.
Our team has specialized fund recovery experts that can assist you along the way. There are different options to get your money back. It all depends on the funding method that you were using.
Yet, we found proven methods to get the funds back. No matter if it was an encrypted crypto transfer or a legitimate card transfer. Don’t let this fake broker get away with it. Contact us today and book a free consultation!
FAQs About FinanceCapitalFX Broker
Is My Money Safe with FinanceCapitalFX?
No. There are already multiple warnings issued against this broker for fraudulent activities.
How Long Does it Take to Withdraw From FinanceCapitalFX?
The broker doesn’t reveal any withdrawal policy, therefore withdrawal time is unknown. But based on their reviews it could take forever.
What Are The Funding Methods For FinanceCapitalFX?
FinanceCapitalFX offers standard funding methods like cards, wire transfers and crypto wallet transfers.