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The Central Bank of Ireland warns against unauthorized broker Capital Hall

Feb 19 2019
By
Jonathan Smith

 

The Central Bank of Ireland (CBI), which also serves as a financial services supervisor, issued a warning against offshore forex and CFD broker Capital Hall on Monday.

 

Forex and CFD broker Capital Hall operates via www.capitalhall.com website and allegedly offers commission-free trading with variable spreads and leverage up to 1:300 on the MetaTrader 4 platform. The company behind the brand, Capital Tech Ltd., seems to be operating out of Bulgaria, but is registered on the Marshall Islands, and is not entitled to offer financial services or advice in Ireland, not on any other regulated market. 

 

Apart from Capital Hall, the firm also runs PBN Invest, PBN Capital, and PBN Trade brokerage brands. Unsurprisingly, Capital Tech Ltd. was also blacklisted by the Austrian Financial Market Authority (FMA), the Italian Financial Watchdog CONSOB, and the Malta Financial Services Authority. Actually, CONSOB has gone as far as ordering Capital Tech Ltd. to cease illegally providing investment services and activities to the Italian public.

 

Furthermore, online media Finance Magnates claims that the people running the Capital Hall brokerage brand are actually a group of Ukrainian con-artists that have been unmasked by the police in Kiev in the end of last year.

 

The Irish regulator (CBI) keeps a register of regulated companies and anyone can check whether a certain forex broker is licensed in the country or not. Besides, the Irish financial regulator regularly publishes official warnings of unregulated companies that target local investors.

 

 

>> Forex brokers operating legitimately in Ireland <<

 

 

TAGS: CBI  Capital Hall  warning  Ireland  scam 
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