WT Capital Review (2023)
- Company name: Force Media LTD
- Registration/license: Seychelles
- Registration/license requirement: USD 2,000
About WT Capital
| 🗺️ Registered in | Seychelles |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is WT Capital safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
WT Capital is a Forex and CFDs broker, owned and operated by Force Media LTD., registered in Switzerland. The website provides the company’s official address in Zurich, Switzerland and also gives British and Swiss contact phone numbers. However, the broker is actually not regulated by the Financial Conduct Authority (FCA) in the UK or Swiss Financial Market Supervisory Authority (FINMA) or any other regulator. It also turned out that the broker actually is registered (maybe even located) offshore as the terms and conditions on the website state that all the legal issues could be addressed to the jurisdiction of the Republic of Seychelles.
In addition, WT Capital has been blacklisted by the Swiss regulator FINMA:
“Force Media LTD/ World Trade Capital/ https://www.wt-capital.com/ may be carrying out unauthorized services and is not supervised by FINMA.”
Conclusion
We keep on reminding investors that dealing with offshore brokers is risky for their funds. Such destinations as Seychelles, Vanuatu, Marshall Islands etc. are known for their lax regulation and non-existent corporate taxes, so the brokers who are registered offshore are not licensed, nor overseen by any authority. It is safer to choose among the brokers regulated by respected authorities like FCA in the UK, FINMA in Switzerland or CySEC in Cyprus. Check the list of the FINMA-regulated brokers.