Broker Review

Unauthorised Firm Details

Name: Londoncapitalfx.eu
Website: londoncapitalfx.eu

The Capital FX brokerage platform provides clients with access to transactions in financial markets, including trading in currency pairs, stocks, indices and commodities. The platform has a set of built-in trading tools and access to analytical data, as well as various educational materials to improve the skills of traders. Capital FX is not licensed by any reputable regulatory agency. We recommend checking the reputation of the site on independent services and studying customer reviews before registering an account.

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.

London Capital Fx is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

How does the scam work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good London Capital Fx reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.

Which sources were utilized to evaluate the security of Capital FX?

The following information was used for the analysis and assessment of Capital FX reliability:

• Registration details and information on licenses of brokers, financial companies, and their subsidiaries are published on their official websites.
• Information from regulators’ registries, including warnings, comments, and publications by regulators.
• Data from analytical portals, including reviews, complaints, and claims filed by traders.