Trade Capital Review (2023)
Is Trade Capital a scam or legit broker?
It is not safe to trade with Trade Capital, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
About Trade Capital
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Trade Capital safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Trade Capital is a Forex and CFD broker owned and managed by Trade Capital Investments LLC. The company claims to be located in Switzerland, they also have their customer support desks by the same address.
According to the firm’s terms and conditions, Trade Capital is a legal entity of Lozareo Group LP, UK-registered company.
Although, there are no records about Trade Capital in the registers of the UK’s Financial Conduct Authority or Swiss Financial Market Supervisory Authority (FINMA).
The broker is obviously not licensed, nor overseen by any financial governmental agency. Moreover, FINMA has recently issued a warning against both Trade Capital and Trade Capital Investments LLC.
Conclusion
That is why it is best to choose a reliable broker licensed by a trustworthy regulator like Australia’s ASIC, UK’s FCA or Cyprus’ CySEC.
These authorities have set certain requirements for forex brokerages, such as client protection rules and compensation schemes. Check the list of the ASIC-regulated brokers here.