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LotCapitals
Operating status: SCAM
Website: https://lotcapitals.com/
Broker violations and abnormal records
LotCapitals claims to be owned by Contingent Financial Services (Pty) Ltd, a company licensed by South Africa’s Financial Sector Conduct Authority (FSCA) under license number FSP51149. While this entity does appear on the FSCA register as a licensed financial services provider, there are serious concerns.
First, the FSCA registration does not list the authorized brand name or trading name of the licensed company, nor is the platform’s domain associated with the licensed entity, making it impossible to verify any legitimate link between the two.
Second, the FSCA authorization granted to Contingent Financial Services (Pty) Ltd does not include retail forex trading. Yet, LotCapitals openly offers forex trading accounts to individual clients, which clearly exceeds the scope of its permitted activities.
As a result, we consider LotCapitals to be a scam broker.
LotCapitals claims to be owned by Contingent Financial Services (Pty) Ltd, a company licensed by South Africa’s Financial Sector Conduct Authority (FSCA) under license number FSP51149. While this entity does appear on the FSCA register as a licensed financial services provider, there are serious concerns. First, the FSCA registration does not list the authorized brand name or trading name of the licensed company, nor is the platform’s domain associated with the licensed entity, making it impossible to verify any legitimate link between the two. Second, the FSCA authorization granted to Contingent Financial Services (Pty) Ltd does not include retail forex trading. Yet, LotCapitals openly offers forex trading accounts to individual clients, which clearly exceeds the scope of its permitted activities. As a result, we consider LotCapitals to be a scam broker.
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