On 15 November 2021, the Belgian FSMA informed the general public that the broker is not entitled to carry out any offers of financial services in Belgium. As the firm tries to convince victims to invest increasingly higher amounts of money by conducting its investment fraud, the financial supervisor claims that the scammer acts very aggressively. You can visit: https://www.fsma.be/en/warnings/companies-operating-unlawfully-in-belgium?field_ct_company_name_value=NitroCapitals&title=&field_ct_website_uri=&field_ct_warning_types_target_id_1=All

The NitroCapitals claims to be domiciled in a regulated jurisdiction and displays fake regulatory licenses and addresses on its website to try and improve its credibility with unsuspecting investors.

According to its homepage, NitroCapitals offers trading in forex and cryptocurrencies. Besides, it claims that their clients can rest assured that they are trading with a safe and secure company as it is regulated by three of the world’s leading financial jurisdictions:

1) the Financial Conduct Authority of the UK (FCA);

2) the Cyprus Securities and Exchange Commission (CySEC);

3) the Securities Commission of The Bahamas (SCB).

However, searching on the above watchdogs’ registry, we found neither license information the fraud claimed nor any results can be found. Therefore, NitroCapitals runs without any regulatory license.

On 15 November 2021, the Belgian FSMA informed the general public that NitroCapitals is not entitled to carry out any offers of financial services in Belgium. 

From above information, we can know that investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, we can conclude NitroCapitals is a scam.

On 8 Jul 2022, BrokersView found the domain https://www.nitrocapitals.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.