WikiFX Scam Alert: FCA Warns Against Capitextfx!!

Breakings!!! Capitextfx was blacklisted by the Financial Conduct Authority in the UK, which warned on December 19, 2022 that Capitextfx has been pretending was authorized by FCA to offering its financial service in the UK. You may see the warning on the screenshot below.

According to the FCA, Capitextfx is not authorized to offer financial services in the UK. In fact, the FCA has stated that this is not a licensed broker and therefore you would not be end to any protections. Such warnings prove with almost absolute certainty that a company is running some sort of scam – so refrain from choosing shady enterprises that have received the negative attention of reputable financial authorities like the FCA. The only way to be sure that your investment is in good hands and that you would be treated fairly and in accordance with all laws would be to turn to a licensed, legitimate broker.

WikiFX also paid a visit to the brokers official website to learn more. So far, its official website is still accessible, proving that Capitextfx is still deceiving investors, their tricks didn't stop with the FCA's warning. According to its website, it's clear that the company is attempting to flout the FCA's warning to prove it was a legitimate company.

Capitextf offers three types of trading accounts, the so-called “basic account type” requires a minimum deposit of $350 to start the account, with an effective ROI of 230%-700%. And the so-called “gold account type” requires a minimum deposit of $10,000 with an effective ROI of 5000% -8000%. This is ridiculous! That's not what legitimate brokers do. Only a scammer can guarantee a high rate of return, because it uses an unrealistic ROI to lure clients to invest their money. As you can imagine, all of your hard money will end up in their pockets.

Deposits in Capitextfx are suggested through cryptocurrencies. “Get 100% Of Your First Deposit On Your Welcome Bonus When You Invest With Bitcoin Crypto”. Cryptocurrencies are the payment method of choice for most financial fraudsters. The reason for this is that these transactions do not allow the defrauded to ask for a refund or a chargeback.

Please bear in mind that this is totally a scam uncovered by the authorities. All information on its official website is baseless and untrustworthy. No matter how well the terms and conditions on its website and the trading platform are presented, remember that these are decoys that are trying to lure you in -- once you've deposited your money, the elaborate traps are just beginning.

In conclusion, trusting a broker like Capitextfx is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!