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First Capitals
Operating status: SCAM
Website: https://firstcapitals.com/
Broker violations and abnormal records
On January 29, 2024, the Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/first-capitals-firstcapitalscom-clone-fca-authorised-firm
On January 29, 2024, the Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/first-capitals-firstcapitalscom-clone-fca-authorised-firmAccording to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but upon investigation, no matching information was found. It also claims to be regulated by the Financial Services Conduct Authority (FSCA). After inquiry, we found a company matching the 47710 number on the FSCA, but the company name is inconsistent with First Capital, and the registration status shows "License Withdrawn", which is obviously false regulatory information.
In addition, it claims to be regulated by the Financial Conduct Authority (FCA). We found a company with the same name as First Capital on the FCA, but a careful comparison found that the URL of the company regulated by the FCA is inconsistent with the URL of First Capital. It is obvious that the regulatory information of the compliance company has been stolen.
In addition, the company's homepage also mentions International Capital First Strategy, which is registered in Mauritius. After searching, no matching information was found in the Financial Services Commission, Mauritius (FSC Mauritius), and the website did not indicate that Firstcapital had any relationship with the brand.
The Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm.
The truth is, First Capitals is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws.
Therefore, First Capitals is a scam.
According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but upon investigation, no matching information was found. It also claims to be regulated by the Financial Services Conduct Authority (FSCA). After inquiry, we found a company matching the 47710 number on the FSCA, but the company name is inconsistent with First Capital, and the registration status shows "License Withdrawn", which is obviously false regulatory information. In addition, it claims to be regulated by the Financial Conduct Authority (FCA). We found a company with the same name as First Capital on the FCA, but a careful comparison found that the URL of the company regulated by the FCA is inconsistent with the URL of First Capital. It is obvious that the regulatory information of the compliance company has been stolen. In addition, the company's homepage also mentions International Capital First Strategy, which is registered in Mauritius. After searching, no matching information was found in the Financial Services Commission, Mauritius (FSC Mauritius), and the website did not indicate that Firstcapital had any relationship with the brand.The Financial Conduct Authority (FCA) issued a warning against First Capitals, identifying this company as a clone of an FCA-authorized firm.The truth is, First Capitals is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, First Capitals is a scam.
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