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GenuineCapitals

Operating status: SCAM

Website: https://genuinecapitals.ltd/

Broker violations and abnormal records
  • Mar 14, 2023 The UK regulator FCA added GenuineCapitals to warning list

    The Financial Conduct Authority (FCA) has added GenuineCapitals to its warning list after finding this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/genuinecapitals-limited

    The Financial Conduct Authority (FCA) has added GenuineCapitals to its warning list after finding this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/genuinecapitals-limited
  • Mar 15, 2023 BrokersView has reviewed that GenuineCapitals is an unregulated broker

    GenuineCapitals claims to hold the certificate of incorporation given by Companies House with company number 11572122. However, it should be noted that Companies House is responsible for incorporating and dissolving limited companies. This agency has no legal authority to issue forex licenses and regulate forex activities. In addition, the Financial Conduct Authority (FCA) has issued a warning against GenuineCapitals for its unauthorized offering of financial services or products in the UK.

    The truth is, GenuineCapitals 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, it is a scam.

    GenuineCapitals claims to hold the certificate of incorporation given by Companies House with company number 11572122. However, it should be noted that Companies House is responsible for incorporating and dissolving limited companies. This agency has no legal authority to issue forex licenses and regulate forex activities. In addition, the Financial Conduct Authority (FCA) has issued a warning against GenuineCapitals for its unauthorized offering of financial services or products in the UK.The truth is, GenuineCapitals 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, it is a scam.

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