Who Is Capital Crypto FX?

Capital Crypto FX was an online broker that specialized in crypto and CFD trading. This broker’s website has now been shut down. The Capital Crypto FX review below seeks to ascertain whether this was a scam platform or a legit enterprise.

Is Capital Crypto FX a Licensed Broker?

The answer to the question, ‘is Capital Crypto FX licensed?’ is a definite ‘no,’

Capital Crypto FX was operating without a license and with none of the regulations that are required to legally offer the financial services that it was providing. As it was acting outside the jurisdiction of the law, this means that investors choosing to trade with this broker, who lost money, as a result, did not have the protection of an ombudsman, to whom they could appeal and through whom they may have been recompensed.

If you are thinking of trading with a broker, it is vital to make sure they are licensed and overseen by a robust regulatory entity; this is a way to both assure yourself that the broker is legit, and to protect any funds you choose to subsequently invest.

Be aware, too, that the nature of financial regulations isn’t standard from country to country; some territories have stricter rules than others when it comes to allowable financial practices, so it’s crucial to satisfy yourself that the broker you’re considering is both licensed and regulated by a stringent outside body.

Is Capital Crypto FX a Scam or Legit?

The lack of licensing and regulation is a key indicator that a Capital Crypto FX scam was being perpetrated, which may have resulted in many previous members losing their funds. There were other warning signs, too, including the fact that there is a multitude of negative online reviews for this broker – more on this below.

The company’s website has now been shut down, which fits the profile of a potential Ponzi scheme. In these scams, the brokerage tends to be a front, behind which no actual trading is being undertaken; in reality, the only money coming into the enterprise is from the investments of new members. Due to this, such scam platforms usually deploy aggressive tactics to persuade their members to invest every larger sums and with greater frequency, and to recruit new members, too, to bring fresh funds into the scheme. Typically, once the new investment has dried up, these platforms shut up shop and disappear, taking all of the remaining funds in the pot with them.

Biggest Complaints Against Capital Crypto FX

The majority of Capital Crypto FX complaints are from former traders that claim they have been scammed out of their funds:

There is also a plethora of warnings online advising people to stay away from this broker, due to their unregulated and unlicensed status, and the high likelihood that the company was not operating in a legit fashion.

Can I Get My Money Back From Capital Crypto FX?

Yes, it is possible to get a Capital Crypto FX refund if you have been scammed out of funds from this broker. For the best chance of success, it’s advisable to instruct a professional chargeback company to act on your behalf: a chargeback firm will have the expertise and experience in dealing with similar scams needed to reclaim your investment efficiently, relieving you of the stress that attempting to pursue the matter yourself could cause. Chargeback teams typically have dealt with hundreds of scam cases in the past, recouping lost money for clients who have been the victims of a multitude of different financial scams.

To get started, have a look at the different chargeback companies online, check their success rates and plenty of reviews from past clients, and then get in touch with your chosen team – most have a simple contact form on their website.

What is the Chargeback or Recovery Process?

Once a member of the chargeback team has fully discussed your case with you, if it’s deemed likely to be a winnable one, then it will be taken on, and the team will begin fighting to get your Capital Crypto FX money back. At this point, you will probably be asked to provide evidence regarding the scammed funds, including the amount of money lost and the dates that the relevant transactions took place.

The chargeback team will then use all their experience and industry knowledge to track down both your lost investment and all of the entities – individual and collective – that played a part in the fraudulent activity and confront them. In the vast majority of cases, this will result in a Capital Crypto FX refund, which will be deposited directly into your bank account. Depending on the complexity of the case, you can expect the entire process to take about six months.

If you have lost money as a result of a Capital Crypto FX scam, then your best chance of recouping these funds is by contacting a professional chargeback company at your earliest convenience. As well as working tirelessly to reclaim your investment, the team will support you at every step of the way.