Capital TradeFX Review (2023)

Founded
2019
Avoid Reason
Offshore license

Is Capital TradeFX a scam or legit broker?

No, it is not safe to trade with Capital TradeFX. Capital TradeFX is owned by Capital TradeFX Ltd., which is an offshore company licensed in St. Vincent and the Grenadine.

About Capital TradeFX
🗺️ Registered in St. Vincent and the Grenadines
🗺️ Type of License Offshore License
🛡️ Is Capital TradeFX safe to trade No
🗺️ Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative Broker IC Markets - licensed by ASIC in Australia

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as 4xincome, Monfex and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

According to the website, Capital TradeFX Ltd is an International Foreign Exchange broker offering tailored trading services to clients from all over the world. However, the company doesn’t provide any regulation information besides the offshore one. It claims to be registered and located in Hong Kong, but it is not authorized by its local Securities and Futures Commission (SFC).

Moreover, the broker has been blacklisted by the Spainish regulator CNMV (the National Securities Market Commission):

“Capital TradeFx Ltd is not authorised to provide the investment services of the Securities Markets Law, which include investment advice, or to provide auxiliary services in relation to the financial instruments including, for those purposes, foreign currency transactions.”

Conclusion

We advise all investors and traders to avoid Capital TradeFX and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HYCM and BlackBull markets.

Capital TradeFX website is no longer active.

Reviews

tonyluis Says:
At: 1 year ago
I was scammed a huge sum of money and decided to contact a recovery company via their email address: harperjamesplatform gmail com they help me recover all my lost funds and profits. They are very honest and reliable with great support to answer your questions 24/7 service. They have good reviews online and they are the best ...if you need help with funds recovery you can always get in touch by mail and they can direct you to their recovery website. Everything about them is legit, their English is good ,I highly recommend them due to my experience and have finally got my $82,350 back. I'm so happy.
Eric Smith Says:
At: 1 year ago
its all a scam, i traded with different brokers, most of them disappear when I make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that they begin to make large requests. i lost a lot to these fraudulent brokers, i was depressed for months until i was recommended to a Binary options trade funds recovery expert Mr Eddison Ebar when i met them i didn't believe they could get back my money because i have been scammed a lot already and didn't know what to believe, but my gut feeling told me to give it a try and i did, feel free to contact them via their email address: [email protected], and they will help you to claim back your lost investment from your scam broker, i was obligated to recommend them for the good service which they offered to help my issue with my broker.