Belgium’s FSMA warns against notorious Forex scammer DuxaCapital

Belgium’s FSMA warns against notorious Forex scammer DuxaCapital

Unregulated Forex brokerage DuxaCapital has been blacklisted by the regulatory authority in Belgium.The country’s main financial regulatory suspects them being involved in scam operations.

According to a statement posted by the Finance and Markets Authority in Belgium, “DuxaCapital is not, however, authorized to offer financial services and products in Belgium. Moreover, the system proposed by DuxaCapital exhibits features characteristic of a pyramid scheme.” We further point out that we have come across user reviews on the web have exposing the scam operation. It appears that DuxaCapital has been targeting mostly young people through its website www.duxacapital.com

The FSMA has always advised traders to only do business with legitimate firms that hold the proper license. Traders may always check the regulatory status of a given company by going on the online registry of the Belgium financial watchdog and typing out the name of the company. Another good idea is simply googling the name of the company and reading reviews from ex-clients of the brokerage, as well as from professional Forex bloggers.

 

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
Australia 4.90/5 $100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

CfdSwiss review – 5 things you should know about Cfdswiss.ch

CfdSwiss is a CFD brokerage with chaotic corporate