Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Twin Scam Alert: Broker Capitals is a New Domain of Finex Stock
Abstract：This week, the Italy financial regulator CONSOB issued a warning against an unlicensed broker named Broker Capitals. When we clicked on Broker Capitals' website, its logo, trade name, and design seemed familiar to us.
Almost-Same Website
At the first sight of Broker Capitals' website, we could hardly find differences between the website and Finex Stock's, except for the trade names. If you ever heard about Finex Stock from BrokersView, we believe that you will not fall into this trap. Using multiple websites to scam was a common method of fraudulent brokers.
Still the Same Lies
Finex Stock used to claim itself a 20-year-experienced from 2000 broker, and so did Broker Capitals.
By checking the domain of Broker Capitals (https://brokercapitals.com/), we found it was created on 24 Dec 2021. Obviously, this broker lied about its business experience.
Still Has No Regulation
Just like it claimed on the former websites, Broker Capitals claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), without providing a registration number. So we searched its claimed company name, Broker Capitals Inc., in SVG FSA. Not surprisingly, we found nothing matched this broker in SVG FSA. Even though it had had registration, it could not prove itself a legal forex broker, since SVG FSA does not regulate financial services including currency trade.
Besides, Broker Capitals lied to be regulated in the United Kingdom for 15 years. However, we found no results that matched Broker Capitals in the UK FCA register. In other words, the 15 years of regulation were fake.
Warning from CONSOB
On 1 Aug 2022, the Italy CONSOB issued a warning against Broker Capitals, reminding the public that the broker is not regulated to provide financial services or sell financial products in Italy. This was the third time that CONSOB issues a warning against Broker Capital Limited. This “old friend” has become a regular on the CONSOB warning list.
In conclusion, Broker Capitals is a broker without license. It is recommended that investors not to trade with the broker. If you want your funds to be protected, please confirm that the broker you are trading with has obtained a forex license.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
FED
ECB
BOJ
US Non-farm Payrolls
Deficit
Quantitative easing
FOMC
GDP
Hawkish
Dove
Macro
Base rate
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Liquidation
Market capitalization
Value Date
Hedging
Market depth
Fundamental analysis
Technical analysis
BIS
Asian session
G7
G8
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
RokingLTD
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Read more
WikiEXPO Dubai 2025 “Welcome Party” Kicks Off Tonight!
In anticipation of the upcoming WikiEXPO Dubai 2025, the WikiEXPO Organizing Committee has specially arranged a high-end social gathering—the “Welcome Party”. The event will be grandly held on the evening of Monday, Nov 10, on the 6th Floor, Conrad Dubai, UAE.
Original 4h
Capital.com Review 2025: Is It a Scam? Official License Verification and Real User Ratings
Is Capital.com truly safe in 2025? Explore its global licenses, on-site verifications, user complaints, pros & cons, and key risks in one objective review.
Original 4h
Charles Schwab Review: Traders Claim Illegitimate Profit Cancellation, Trade Manipulation & More
Have you been lured into the Charles Schwab app for trading on the back of outrageous profit claims by the broker? Did you fail to receive any of these? Does the broker deny withdrawals every time you request and cancel your forex trading account? Have you been victimized financially by its trade manipulation? Act before you are left with a NIL balance in your account. Many traders have questioned Charles Schwab customer service and many other operational executives for the aforementioned illegitimate trading activities. In this Charles Schwab review article, we have shared some of their comments. Read on!
Original Three days ago
AMP Futures Exposed: Traders Raise Alarms Over Illegitimate Account Blocks & Bad Customer Service
Has AMP Futures blocked your forex trading account? Does it fail to provide any explanation for this act? Do you face issues concerning deposits to your AMP Futures account? Is the customer service non-existent for any trading query you raise with it? You are not alone! Many traders have been facing these issues upon AMP Futures login. Some of them have commented on AMP Futures review platforms. In this article, we have shared some reviews that you can look at. Read on!
Original Three days ago
WikiFX Broker
Latest News
BASF CEO: EU CO₂ Trading Is A "Destruction Mechanism" For European Industry
WikiFXWikiEXPO Dubai 2025 “Welcome Party” Kicks Off Tonight!
WikiFXCapital.com Review 2025: Is It a Scam? Official License Verification and Real User Ratings
WikiFXFrom Zero Spread to Zero Balance: How Unlicensed Platforms Drain Investors Step by Step
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate