Capital FX Review

Read our Capital FX review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a capitalfx.co review. They also have capital-fx.info.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Capital FX is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Capital FX in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Capital FX Review Conclusions

Making the Capital FX review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Capital FX review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected].
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

etoro

8 COMMENTS

  1. Phone call from a chap stating that he was from Capitalfx.co and that the deposit I made 6 months ago of $250 dollars had made $5000 and that the account was closed because I had not used the platform for 3 months and he was wanting to pay a $1000 into my bank account followed by $2000 and then $2000 anyway I knew it was a scam and I told him so, I just kept playing with him so that his phone bill piles up, it was a bit of a laugh listening to him trying all the tricks he has up his sleeve to get me to transfer $1000 into an account called Titan and I got to the stage where I needed to put in a security code, then stopped and said goodbye after about 30 minutes of wasting his time and money, I know this sounds bad but they need to be taught a lesson, which I do hope he does as he sounds like a nice chap.

  2. This site is a 100% scam site. If you notice, the website is very poorly done. You can register an account just to get a feel on their website. The website is so badly taste. When you try to deposit money, the support staff is very helpful. Once you have deposited and try withdrawal, there is no way you can withdraw.

    After deposit your fund, there is no MT4 connection been email to you. This is a big red flag.
    When you check your MT4 available FX broker, you cannot find this broker. That means CapitalFX is NOT a legitimate broker. It is a SCAMMED broker. Don’t fall into their trap.

    Some of my observations in the website.
    1) The security setting is so weak. No support of google authentication.
    2) The currencies pairs for trading, is for show only.
    3) KYC process is so weak. Even support staff can approved your KYC.
    4) No MT4 linkage or email been send after deposit
    5) You won’t be able to do withdrawal because it will be rejected and support staff will ignore you.

    Who am I? I was scammed by them many months back. Lesson learned for me and fortunately, it was not a large sum of money.

  3. Good evening, my name is Ioannis FROM GREECE Thessaloniki area and they gave me some money to entice me and to bring other customers to them In fact they made moves through my account with the program any desk A move they made 1 purchase with my own money through amazon.co.uk and the name of one of the members what can we do to sleep to get the money back

  4. Be careful I was contacted by twitter scammer claiming to be a tuber. I invested in Capitalfx as soon as I added the funds I noticed I had been scammed. Tried to get my money back and they just refused saying i owed exit fees which I needed to pay before they could release the funds.

  5. I have a question about capital fx, does anybody know the name Patricia Lisa? She had a instagram account and contact me about trading. If i deposit €300 I will get €3200 in 7 days and she is sending my screenshots from chats about the good profit what the get. Is this a scam? Or should onderspit €300 and see of I get €3200 after 7 days.

    Greets Luuk from the Netherlands

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