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

Propel Capital

Operating status: SCAM

Website: https://propelcapital.eu/

Broker violations and abnormal records

Jun 13, 2022 The Swidish FSA Added Propel Capital into Its Warnings
On 14 June 2022, the Swedish Financial Supervisory Authority (Swidish FSA) AKA Finansinspektionen (FI) issued a warning that Propel Capital is a clone firm. It is neither authorised by FI to conduct securities business or other financial services in Sweden nor under FI's supervision. FI has not received any notification of cross-border activities from other EEA countries. This broker is also not authorised to provide financial services according to the supervisory authority of the country in which the company seems to be domiciled. You may visit: https://www.fi.se/en/varningslistan/2022/juni/propel-capital-clone/

On 14 June 2022, the Swedish Financial Supervisory Authority (Swidish FSA) AKA Finansinspektionen (FI) issued a warning that Propel Capital is a clone firm. It is neither authorised by FI to conduct securities business or other financial services in Sweden nor under FI's supervision. FI has not received any notification of cross-border activities from other EEA countries. This broker is also not authorised to provide financial services according to the supervisory authority of the country in which the company seems to be domiciled. You may visit: https://www.fi.se/en/varningslistan/2022/juni/propel-capital-clone/
Aug 25, 2022 BrokersView has Reviewed that Propel Capital is an Unregulated Forex Broker
Propel Capital claims to be registered witht the Marshall Islands Registry (IRI), No. 111866. We searched the IRI and found a matching result. However, IRI does not regulate forex brokers or issue forex licenses, so having registration does not mean being authorized to provide financial services. Moreover, the Financial Supervisory Authority of Finland (FIN-FSA or FI) issued a warning that Propel Capital is a clone firm. It is neither authorised by FI to conduct securities business or other financial services in Sweden nor under FI's supervision. FI has not received any notification of cross-border activities from other EEA countries. This broker is also not authorised to provide financial services according to the supervisory authority of the country in which the company seems to be domiciled.
The truth is that Propel Capital 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.

Propel Capital claims to be registered witht the Marshall Islands Registry (IRI), No. 111866. We searched the IRI and found a matching result. However, IRI does not regulate forex brokers or issue forex licenses, so having registration does not mean being authorized to provide financial services. Moreover, the Financial Supervisory Authority of Finland (FIN-FSA or FI) issued a warning that Propel Capital is a clone firm. It is neither authorised by FI to conduct securities business or other financial services in Sweden nor under FI's supervision. FI has not received any notification of cross-border activities from other EEA countries. This broker is also not authorised to provide financial services according to the supervisory authority of the country in which the company seems to be domiciled. The truth is that Propel Capital 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.
Nov 16, 2022 BrokersView has found that Propel Capital is not working
BrokersView found the domain "https://propelcapital.eu/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://propelcapital.eu/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Reviews

Be the first to review.

Rate and Review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.