No, it is not safe to trade with Capoinvest as it is not regulated. Capoinvest broker claims to be a subsidiary of a CAPITAL GROUP INVESTMENT (LUX). The broker provides a valid registration number of this broker with the FCA (reg. 747792), but the register states it is a US based company. Meanwhile, Capoinvest claims to be located in the UK (30 Coleman Street, London EC2R 5AL, United Kingdom).
CAPOINVEST claims to be one of Europe’s leading financial institutions specializing in Forex/CFDs and Cryptocurrency trading. The broker offers various types of trading software and tools that allow individuals and institutional customers to trade Forex, CFDs and Cryptocurrency online. There is one thing that remains questionable in all the broker’s statements that they provide clients with a 100% transparent and secure form of trading. Unfortunately, after doing some research, we cannot confirm it, on the contrary, there is some information that only proves Capoinvest is not regulated and should be avoided.
🗺️ Registered in
🗺️ Type of License
🛡️ Is Capoinvest safe to trade
🗺️ Recommended Licenses
FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative Broker
GO Markets - licensed by ASIC in Australia
It really seems like this broker has just been using registration details of a regulated entity and that’s why investors should be very attentive here and check twice before investing with this broker.
Moreover, Capoinvest has been blacklisted by the Italian regulator CONSOB:
“CONSOB availed itself of the powers deriving from the “growth decree” regarding the blackout of the sites (including Capoinvest Ltd (website www.capoinvestgroup.co.uk) of abusive financial intermediaries, as well as the new power introduced by Law no. 8 of 28 February 2020, regarding the blackout of the site through which the abusive bid is made.”
The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. As Capoinvest got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.
Capoinvest website is no longer active.
Why Capoinvest Is a Suspected Crypto Scam No one should be surprised to hear that there are many crypto scams. However, few people want to believe that there is a problem with their broker. One reason is that, once people have invested their money, they can tend to be in denial. They may, correctly, believe that it is unlikely they will get their money back if indeed the broker is a fraud and may choose to stay the course and hope for the best. However, this strategy does not end well.
It is important to pay attention to warnings and red flags and to act fast. We have investigated reports, warnings from regulators and have used our investigative techniques to analyze brokers, and have found several alerts against Capoinvest.
Capoinvest Suspected Crypto Fraud: Reasons and Concerns
No License or Offshore License
Our CryptoCoinTrace experts always recommend that prospective traders sign up with a licensed broker. This goes beyond simply checking that a broker holds a license, but ensuring that the license is reliable.
This means checking the licensing claims on the regulator’s website for accuracy, looking at the expiration on the license, or news of whether it has been revoked. Many brokers try to claim they hold a current license that has expired or has been taken away.
Capoinvest has been targeted as a broker that may have a questionable license. Either they are claiming to be regulated when they are not or they may hold an offshore license from a third-tier regulator.
But having a license is a good thing, right? Not just any license will do when it comes to providing oversight for customers. Many offshore regulators ask only for a fee, issue a license and that is the end of the story. They will rarely if ever follow up on customer complaints.
Having a current, top-quality license is important, but Capoinvest falls short. That is reason enough to stay away.
In the era of social media, reputations are notoriously fragile. It doesn’t take too much to ruin someone’s reputation. However, when it comes to a broker’s reputation, just a few exaggerated complaints usually are not sufficient to take down a regulated financial services company that has a reputation for reliability.
Our experts did not just consult review sites, where there is little proof that reviews are genuine, but took a holistic approach to examine Capoinvest through social media, regulators, news stories, and experts in the industry. Capoinvest does not have a good reputation, and that should cause concern.
Any broker that guarantees returns per day, per week, or even per month for cryptocurrency trading should not be relied upon. Cryptocurrency is a famously volatile asset and it can rise or crash on one tweet from Elon Musk.
Capoinvest has been caught making guarantees that it has not fulfilled. This is important because people should be able to trust their brokers to give them reliable information. However, Capoinvest, like many other fraudulent brokers, is more interested in attracting customers with false promises than backing up its statements.
Not only does Capoinvest not have a reliable license. It has also been suspected of not complying with general trading or financial regulations in the region where it operates or signs up clients. A broker that does not care about laws and regulations is not likely to be conscientious about a customer’s money. Therefore, Capoinvest rates low on the trust factor.
When regulators or authorities name specific brokers, that should be the last straw for any trader. We have been alerted that Capoinvest may have been the subject of warnings from regulators. There are thousands of crypto schemes, and for Capoinvest to have been singled out is a bad sign.
Is Capoinvest Doing Any of the Following?
These warnings are serious enough, but any of the following should be enough to stay away from Capoinvest:
Not regulated Guarantees impossible returns Aggressive tactics No transparency No contact information Poor communication Sudden and high fees Does not grant withdrawals Has stopped communicating If Capoinvest has done any of these things, request a withdrawal, close your account and consult with CryptoCoinTrace if a withdrawal is not granted promptly.
Have You Lost Funds with Capoinvest? Talk to CryptoCoinTrace Today!
If you have a crypto claim, talk to Cryptocointrace today. Our team has the expertise and knowledge as well as tools to perform in-depth research. We are skilled at investigating all types of scams and have extensive experience in the financial industry. We will help you get results for your claim and resolve your complaint or dispute.
We advise all investors and traders to avoid Capoinvest and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.
You can also share your trading experience with Capoinvest by commenting on this review.