Is Capital365 a Licensed Broker?Capital365 claims to be a licensed and regulated broker under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC). However, upon further investigation, it was discovered that the broker is not registered with CySEC or any other regulatory body. This lack of proper licensing is a significant red flag, and traders should be wary of dealing with unregulated brokers.
Why Should You Not Trust an Unlicensed Broker?Unlicensed brokers have no oversight or accountability to regulatory bodies, which means they can engage in fraudulent activities without any repercussions. They may offer false promises of high returns, engage in unethical trading practices, and manipulate the market to their advantage.
Can Capital365 Be Trusted?
Based on the lack of proper licensing and regulation, it is highly unlikely that Capital365 can be trusted. There have been numerous complaints from traders who claim to have been scammed by the company, with many stating that they were unable to withdraw their funds or were subjected to hidden fees and charges.
What Do Traders Think About Capital365?
Many traders have expressed negative reviews about Capital365, with many warning others to stay away from the company. The complaints range from poor customer service to fraudulent activities, and the majority of traders have reported losing their investments.
Was scammed by Capital365? – Talk To Our experts
If you have been scammed by Capital365 or any other broker, it is important to seek legal advice and take the necessary steps to recover your funds. Our team of experts is available to provide you with a free consultation and recommendations for service providers that can help you recover your losses. Contact us today to learn more.
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