Capital GMA Review (2023)

Avoid Reason
No license

Is Capital GMA a scam or legit broker?

No, it is not safe to trade with Capital GMA as it is not regulated. Capital GMA is owned and operated by Equalizer LTD. Registered address: 8009 Burgas City, Burgas Region; Burgas Municipality Transportna Str., No. 15, Floor 2, Apt. Office 1. Bulgaria. However, we didn’t find this company in the register of the Bulgarian Financial Supervision Commission.


About Capital GMA

🗺️ Registered inBulgaria
🗺️ Type of LicenseNo License
🛡️ Is Capital GMA safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

Capital GMA is a financial services provider, offering a selection of more than 70 financial assets as CFDs to traders from almost all around the globe. The broker claims to give its clients an access to the world’s most exciting and volatile exchange market via their desktop, smartphone or tablet device. Capital GMA also states they help clients make the most out of online trading, access liquidity, and manage risk effectively, their practical expertise, comprehensive technology and unparalleled network allow them to deliver an unforgettable trading experience. However, it doesn’t actually look that promising.

Capital GMA

The company mentions a British contact phone number without having an office there or more importantly, without being regulated in the UK. 

Moreover, Capital GMA 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 Equalizer Ltd. (website 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.”



We advise all investors and traders to avoid Capital GMA and other unregulated brokers (See our Fake Forex Brokers List South Africa). The lack of information (or false 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 Cyprus and reliable brokers such as FP Markets and Alpari.

You can also share your trading experience with Capital GMA by commenting on this review.

Capital GMA website is no longer active.


Steve Herring Says:
At: 1 year ago

I have been scammed by capital GMA known as stark markets have been asking for a withdrawal and for son unknown reason I keep getting all sorts of excuses. Still no funds and told them they can do a direct deposit or an e transfer as they hold a copy of my bank card and a copy of my bank statement they keep telling me for the last two months an account manager will call and this invisible manager never does..can any body help me???

Daine Says:
At: 1 year ago


Did you every received your withdrawal? It appears they are now called Ultrafxsignals and are scamming others the same. When it is time to withdraw they feed you with all excuses and for months nothing.