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CySEC warns CryptoCapitalFX is a clone

Apr 12 2019
By
Jonathan Smith

 

The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that CryptoCapitalFX (operating via www. cryptocapitalfx.com) is not licensed to provide investment services in the country. CySEC stated that this broker illegally uses the details of an authorized Cypriot Investment Firm, with which it is not associated.

 

According to the notice issued by the Cypriot financial watchdog, “Information in the above mentioned website, which suggests that it belongs or is related to the Cypriot Investment Firm A. Eternity Capital Management Ltd (License No. 346/17), is misleading and does not correspond to reality.”

 

Our investigation revealed that CryptoCapitalFX not only tries to mislead investors that it is a brand of a CySEC-regulated entity, but it is also related to a shady company that inclines us to suspect that the broker takes part in a serial scam scheme.

 

The CySEC urges investors to be particularly cautious before conducting business with any investment company and always consult its website (www.cysec.gov.cy) prior to investing with any forex broker that claims to be regulated in Cyprus. Forex brokers authorized by CySEC have to abide by a number of rules, which provide significant assurance for the security of clients’ funds.

TAGS: CySEC  warning  CryptoCapitalFX  scam  clone firm  Cyprus 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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