500Capital Review : Fees, Pros and Cons, Reviews by Real Traders

500Capital

Operating status: SCAM

Website: https://500capital.com/index.html

Broker violations and abnormal records

Oct 24, 2022 BrokersView has Reviewed that 500Capital is an Unregulated Forex Broker
500Capital claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, 500Capital shows its company address is in Bermuda. However, we did not find any match results to 500Capital in the Bermuda regulator Bermuda Monetary Authority (BMA). That means 500Capital is not an approved broker in Bermuda.
What's more, this broker shows an award named "Australian Best Broker" on its website. As forex traders, you should know that if brokers want to operate in Australia or offer financial services to Australians, brokers are required to hold a valid Australian Financial Services (AFS) license issued by the Australian Securities & Investments Commission(ASIC). However, we did not find any match results to 500Capital in ASIC.
The truth is that 500Capital is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

500Capital claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, 500Capital shows its company address is in Bermuda. However, we did not find any match results to 500Capital in the Bermuda regulator Bermuda Monetary Authority (BMA). That means 500Capital is not an approved broker in Bermuda.What's more, this broker shows an award named "Australian Best Broker" on its website. As forex traders, you should know that if brokers want to operate in Australia or offer financial services to Australians, brokers are required to hold a valid Australian Financial Services (AFS) license issued by the Australian Securities & Investments Commission(ASIC). However, we did not find any match results to 500Capital in ASIC.The truth is that 500Capital is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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