Capital Currency Trade Review (2023)

Is Capital Currency Trade a scam or legit broker?

Capital Currency Trade is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Capital Currency Trade. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Capital Currency Trade is a Forex and Cryptocurrency trading company that claims to be registered in the United Kingdom with offices across the world.

Although, the company is not registered in the UK to provide its financial services. Moreover, according to the terms and conditions from the website, Capital Currency Trade is authorized in Dominica (Check out Dominica located TradersWay Broker Review).

Dominica is an offshore destination where forex brokers are virtually not regulated. We always remind traders that doing business with unregulated (offshore) broker is extremely risky.

In addition, the Capital Currency Trade has been blacklisted by the Canadian regulator BCSC (The British Columbia Securities Commission).

Conclusion

Generally, we advise traders to choose from UK, Australian (Find Australian forex brokers by link) or other well-regulated brokers, where their funds will be protected.

For example, the license from the UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of the FCA-regulated brokers here.