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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.
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Fidelity Exposed: Traders Complain About Withdrawal Denials, Frozen Accounts & Platform Glitches
Does Fidelity Investments prevent you from accessing funds despite numerous assurances on your requests? Do you witness an account freeze by the US-based forex broker every time you request withdrawal access? Do you struggle with an unstable trading platform here? Is the slow Fidelity customer service making you face forced liquidation? These issues haunt traders, with many of them voicing their frustration on several broker review platforms such as WikiFX. In this Fidelity review article, we have shared quite a few complaints for you to look at. Read on!
Original 4h
Exposing The Trading Pit: Traders Blame the Broker for Unfair Withdrawal Denials & Account Blocks
Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
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M&G Review: Traders Report Fund Scams, Misleading Market Info & False Return Promises
Applying for multiple withdrawals at M&G Investments but not getting it into your bank account? Do you see the uncredited withdrawal funds out of your forex trading account on the M&G login? Does the customer support service fail to address this trading issue? Does the misleading market information provided on this forex broker’s trading platform make you lose all your invested capital? Were you lured into investing under the promise of guaranteed forex returns? These issues have become highly common for traders at M&G Investments. In this M&G review article, we have echoed investor sentiments through their complaint screenshots. Take a look!
Original 6h
INZO Broker MT5 Review 2025: A Trader's Guide to Features, Fees and Risks
INZO is a foreign exchange (Forex) and Contracts for Difference (CFD) brokerage company that started working in 2021. The company is registered in Saint Vincent and the Grenadines and regulated offshore. It focuses on serving clients around the world by giving them access to popular trading platforms, especially MetaTrader 5 (MT5) and cTrader. The company offers different types of trading instruments, from currency pairs to cryptocurrencies. It aims to help both new and experienced traders. Read on to know more about it.
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