A Warning from FCA!365 Capital FX is an Unlicensed Broker - BrokersView

A Warning from FCA!365 Capital FX is an Unlicensed Broker

Oct 18, 2021
BrokersView

Hottest

Darwinex Suspends Trading on TRY Pairs
Capital.com, IG Group and Other 5 Companies are Hiring Now
FCA Issues Warning Against Clone Firm of HYCM
AMF Netherlands Warns Against Unlicensed Platform Grinta Invest
IC Markets Becomes Latest Approved Member of Financial Commission

Many forex scams rely on offering good trading conditions to appear victims' eyes in order to pull off the scam. The most common ways simply involves claiming global regulation and market-leading services. However, when you search its claimed regulation information on the Internet, you would find that's totally untrue. Moreover, it is more usual for you to learn a reality- the scam broker has no regulation and was warned by global financial regulator before.

Recently, BrokersView learned that the forex broker 365 Capital FX is one of the above scammers.

Confused Registration Information

Viewing its official website, we found that 365 Capital FX is a brand owned by Sand Ltd from the Marshall Islands and claims to be regulated by the Marshall Islands Registry (IRI) with regulation number#106411, but IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities, so this is a red flag. At the same time, when checking clearly on the "TERMS AND CONDITIONS", the fraud claims to be a trading name of Argon Holdings Ltd., a company incorporated in St. Vincent and the Grenadines (SVG). Seeing here, it is clear for us to see that the company information of 365 Capital FX is so confused. Therefore, it is most likely that this particular broker is a scam.

(screenshot from 365 Capital FX)

Warned by UK FCA

Instead of confused registration information, 365 Capital FX has been blacklisted for fraud by the UK FCA for providing illegal financial services.

According to the release, 365 Capital FX is an unregulated broker, which is operating without authorization and is targeting people in the UK. Based on the information above, we can conclude 365 Capital FX is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

(screenshot from FCA)

365 Capital FX is just an unregulated forex broker, which means the customers are not protected, and there is highly likely the broker will get away with customers' hard earned money and there will be no regulating agency to hold it responsible.

BrokersView advises investors to be away from the broker. By the way, to avoid scams, we strongly recommends investors only to trade with regulated forex brokers.