CapitalFunds review – 5 things you should know about

CapitalFunds review – 5 things you should know about

Beware! CapitalFunds is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


UPDATE: On 28th of August, just two days after our review, FCA granted Capital Funds with an official warning!

CapitalFunds is a totally anonymous broker. It is unknown where they are registered, there aren’t even an e-mail or a contact number shown on their web page. But they claim to operate branches in London, Zurich and Singapore. They also introduce themselves as an award-winning company and enlist many prizes won, but it’s a lie, we discovered that the most of the competitions listed are non-existent.

Also they declare to have been founded in 2005, however, a quick inspection showed that the website has been running since 2019.

In fact we do not know if there is even a company standing behind this website. Avoid CapitalFunds, there are too many scam signs which we are going to expose in the next review.


CapitalFunds is undisclosed, shady entity which isn’t controlled by any financial authority. We do not know anything about the people standing behind this website.

Your funds are not in safety, stay away from CapitalFunds! Our advice is to have a look at the legit EU and UK brokers, which are strictly supervised and not surprisingly are the leaders in the retail Forex industry.

The main reason that makes EU and UK regulated brokers so popular is the transparency, also, they comply to many different rigorous rules, implemented for the benefit of the traders. A fine example of such policies are the money protection schemes, which guarantee the funds deposited by the traders. In Cyprus they are guaranteed of up to 20 000 EUR per client, while in the UK under FCA supervision the guarantees are even of up to 85 000 GBP. Also each broker is obliged to maintain negative balance protection of its customer accounts, meaning that a trader cannot lose more than the sum deposited.


CapitalFunds does not offer MT4 or MT5 on their Main Page. However, upon registration there were 3 different options- MT4, Metatrader Webtrader and Status Webtrader. No demo trading available! We tried to set up demo MT4 account, but unsuccessfully.

The sign-up process was quick and easy, it didn’t take more than a minute to register. Logged-in, we noticed that their Dashboard is identical to the one used by Finfuture and Investactive, only the name was different.

CapitalFunds offers 5 types of accounts, but in none of them are presented any details about spreads, margin requirements or leverage. If you open their Status Webtrader, however, you will finally discover their spreads, the EUR/USD is unusually high, more than 8 pips in the beginning of the New York session, when normally it shouldn’t be more than a pip. We also spotted that the leverage is fixed at 1:100, with no option for adjustment.

CapitalFunds demonstrates strange behavior, they do not list Metatrader as their trading platform on their Home Page. The rest of the brokers in the industry will proudly announce that they offer MT4 or MT5 accounts, but CapitalFunds is hiding it from its customers. Very poor presentation and overall service provided by them, stay away, they do not act like professionals.


The minimum deposit required is 500 USD. There isn’t much information about the funding methods, in their T&Cs they mention only wire transfers as an option. But if you are logged in, there is a deposit button and it looks like that the way to deposit funds is totally different than their explanations. We gave their payment system a try, but it was broken at the time. It seems that CapitalFunds has nothing to do with a broker, at all, and the website itself is just another one, operated by scammers. If this is true they might have completely forgotten about its existence. Here is the result:

The minimum withdrawal for wire transfers is set to be 250 USD. A minimum withdrawal on any other method is 100 USD, but no funding or withdrawal alternatives were listed in their T&Cs. Lack of competence, once again.

Each wire transfer is subject to 50 USD fee. Also, a levy of 10% of the withdrawal amount will be charged to any withdrawal from an account that has not executed more than 200 in turnover and/or from accounts that have not been verified. The withdrawals will be processed within 2 to 5 business days.

Special attention should be paid to the Non-Deposited Funds. These funds are not available for withdrawal, and may be assigned in certain occasions, for example, when an account is indebted! The time is appropriate to recall that EU and UK regulated Forex brokers are forced to maintain negative balance protection of its customer accounts, which means that the losses cannot be greater than the sum deposited. Under FCA or CySEC supervision indebted Forex accounts are impossible! Keep your money safe and stay away from CapitalFunds!

There are some bonuses offered, but nothing specified. The only thing we came upon was that in order to make a withdrawal you have to execute a minimum trading volume of 25 times the deposit amount plus the bonus issued.

Dormant accounts are subject to a deduction of 10% each month.


A group of scammers usually operates many different scam brokers, scam websites and call centers. Sometimes they will simply rely on the quantity, they will publish tens or hundreds of websites and will just wait. Nowadays, it’s very cheap to create one, and it looks like a profitable strategy, as they carry on doing it.

Many of these are identical in appearance, only with their names and logos changed. For example, the websites and look like twins, 99% the same. This fact itself should be enough to make you stay away from CapitalFunds! Still, there is no official scam confirmation, but the red flags are way too many.

The most effective way to avoid scam is to trust only licensed brokers which are authorized and regulated by a financial authority such as FCA or CySEC. Under their supervision it is impossible for a scam broker to survive, always do the research, stay informed!


The scammers are constantly changing their strategies and no one must think he is safe. If being scammed the first thing you should do is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you important instructions to follow and will help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing. Seek help actively!

Share online your experience, it is important to protect others, as well. Be responsible!

Avoid CapitalFunds, it’s a shady entity!

Rich Snippet Data
Review Date
Reviewed Broker
Broker Rating

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
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Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite


  1. Thank you for highlighting this company, having dealt with them since July 2020 as a complete novice who had answered an ad about buying bitcoins..I became involved and eventually got completely out of my depth. My initIal deposit of €250 rapidly became a further €300. I received phone calls daily from my “financial advisor” Frank Vega who encouraged me to download an app called “ any desk “ from this his company could take over control of my desk top. On this he showed me graph showing how much profit I was making. This continued until approx 12th July when Frank told me of a once year opportunity to invest in bit coins which guaranteed a huge return..he himself was buying two slots for himself and two for his partner/wife.and he was reserving two for me, I told him I did not have access to the £14,000 it was going to cost for two bit coins and was told it would only have to be £12000 as there was already some in my account to make up the difference.he then offered suggestions as to how I could the raise the necessary funds. He asked if I had any credit cards and I told him yes I had one for emergencies. He said if I could get £12000 from it, I would be looking at doubling it and getting all my cash back before any interest needed to be paid. I got the funds from my credit card and was a day late in catching the deadline of 17th July however he said this was not a problem as he had reserved two slots for me now all I had to do was sit back and wait until 17th August to withdraw my profits. On the said date I was informed that my investment was already on £34,000. And I asked for a withdrawal of the original £14000 in order to pay off my credit card. He suggested I took out £24000 and left £10000 for future investments. Then he hit me with the fact that they could not just transfer this amount to my was in an ESCROW account and it required me to send £5000 In order for it to be released to me…. since that date Frank has been in constant touch asking me if I had raised the money ….I have told him repeatedly that I do not have that amount.. Yesterday he contacted me with plan B which is if I give them £1000 they will be able to transfer £5000 to my account which would then enable me to send the necessary funds to release the full £24000 owing to me. I am now totally convinced that I have been the victim of a scam and at my age,74,I should have known better If reading this saves even one person from being scammed then it will have been worth my time and humiliation.

    1. Almost identical situation has happened to me ! Obviously frank vega is a made up name but this deceitful Swiss twat has a name and I hope one day to hunt him down.

    2. I am another investor who has suffered badly at the hands of Frank Vega, Troy Grishnack and Capital Funds, and in exacty the same way as Carol has. They have no idea the stress and impact this has caused to my world. I tried many suggestions for them to release funds but none were accepted. In hindsight, it is so easy to see that they never acted like a Financial company, yet were so convincing with their regular calls that built trust, which was, as we now know, misplaced. I wish the authorities could track these individuals down; there must be a way…

    3. Hello Carol, I had the same experience as you. For the credit card transactions, my credit card company were able to refund me. I also logged the incident with the Police action frand website The more people who log an incident means the greater likelihood of someone tracking down Capital Funds…

  2. Rosemary Peerless Ellert

    Carol Waters … I can sympathise and empathise with you as I had EXACTLY the same experience with Frank Vega. I am 78.. jasper.a was the first to contact me and i now think he and Frank are the same person. I invested £3000 being told he would put it on a platform that would AT LEAST double the money. At the end of the month he told me i had made £7000 profit. I was delighted as i wanted to help my grandchildren who had lost their jobs due to covid19. I asked for the money to be sent to my account leaving the original investment for further investments. He said that would be easy all i had to do was to send £2000 in order to open the necessary account in order to get the investment and profits deposited and from there they would deposit the money in my bank. I did think it strange and after lengthy discussions I, very reluctantly, sent a further £2000. In spite of sending numerous emails I have had no word from either FRANK VEGA nor JASPER.A nor TROY.G who was the ‘accounts’ person who transferred the £2000 from my account. Keep away from this company or any company that has anything to do with the above names. I know i have been scammed and i am very annoyed with myself for falling for it and it has put me in a very bad financial place. Wish I knew someone who could help get my invests of £5000 back.

  3. I got a call from frank as well and deposited 300 pound into an account which they showed me how much profit . He then asked me to give them 4000 pound and I told them that was not what I signed up for . They try to trick your mind and show you how much money your making I asked them to prove to me by putting money into my account and this never happened I think I’ve been ripped off for 300 quid which I was willing to tske a chance with but it really could have been soo much more if I had needed into there bullshit .
    I know not a lot about this field of making money but if your reading this you need not get ripped off by this mob . Educate yourself on proper companies through teading and stuff first . 300 quid is replaceable bit it could have been all of my savings. Bastards

  4. I have been scammed I think as I have exactly the same problem with frank vega ! Has anybody tried other ways of getting there money back ?

  5. Yep me too….but they are clever using a regulated BTC wallet and help you with the process by using any desk and logging on to ” Widenex” who then transfer the sum to Capitalfunds. They are nothing but heartless bastard scammers tarketing vulnerable people trying to supplement their income

  6. Yep me too frank vega is a scammer luckily I only deposited £230. Frank didn’t wont to know me as I never had the funds to by a bitcoin with. So I decided to try it on my own where I made a nice balance and tried to withdraw it but nothing. emailed frank and you get i will look at it for you but nothing comes from it. STAY AWAY FROM THEM. I’m now trading on etorro a proper company.

  7. Thank you for these stories, my case started to develop into similar direction, but this time the senior broker’s name was Nathan Barone. However, I started to doubt soon after sending my first 250€, checked their scam history, found this site and stopped the transaction, I hope I managed to recover the 250€.

    Thank you for saving me from being scammed by CapitalFunds!

    1. Nicola Alexandra McCord

      We are in the process with Nathan barone bitnomics has anyone dealt with this guy thanks

  8. A new company has appear on the web primeryswissgroup same feature as don’t use them both are scammers to get as much money from you. Nathan Barone he his married and used to work for JP Morgan yes dealt with him and Lawrence Andersson and Phoebe white. They the biggest scammers of all . I don’t understand why their website is still live to view. They should be blocked from the internet.

  9. Thank you all for your storys.I’ve also been scammed by Capital Funds. A woman, called Kelly Mitchell, phoned me from United Kingdom. I transfered 250€ with her help, using Anydesk. Everything went so fast – I think the money was payed to Bitnomics.
    After a short while a man called me from Capital Funds,his name is Barry Hamilton and he told me he was my personal brooker, calling from Switzerland. He asked a lot of questions about my private life and my financial situation. Ofcourse he now wants me to invest more but since I red so much warnings about this company Capital Funds I will not give them another euro.
    I feel so stupid that I though this people was serious and not the criminal thieves they are!

    1. Hi Lisa Anderson,

      Same thing happened with me. A woman named Kelly Mitchell has called me and said Barry Hamilton will be my personal broker.

      When I try to withdraw the funds from the account after my deposit of 250€, there is no response from them.

      Government has to punish these kind of people who are doing such scams.

  10. my partner and I have also been scammed. Luckily only for £250. But its still a fair amount of money. A guy called Tom convinced my partner to put money into this and called everyday telling us that we needed to put more than the minimum to make any money from it. £10000 to be precise. Not a chance were we going to put that amount in. Telling us yes max out your credit cards and youll be able to pay it back three times over. We point blank refused and havent answered any of their calls since. Ive made an extra £150 trading on my own. But theres no point carrying on as not likely to get this back He spoke to his bank but because the money was paid to bitnomics its likely we wont get it back. As this is a proper regulated company. Still going to give it a go though. And see if we can claim it all back somehow

  11. So i posted the above review. And today we received a phone call from ‘Tom’ about with drawing our money. Apparently he has seen the above review and started to recite it word by word! He won’t let us have our money back until we take down this review because he is not a scammer. He got quite irate when I told him that I won’t take it down until he gives us our money back. Then I’ll take it down and leave a positive review!! I’ve deleted all of any desk and team viewer from our laptop so how did he know that I’d posted this review? Makes you think that they’ve still got access. Anyway we’ve obviously said goodbye to our money. But not before I’ve reported capital funds to the FCA with all the details and address that we have got for him! Which I did on my mobile. But within minutes of doing this he then phoned back! Kind of scared me a little bit that he seems to know what I’m doing!! We didn’t answer! I wish there was a way of stopping this company! Anyway ‘tom’ I guess you can probably see this review aswell. Hope somewhere down the line you and your company have some kind of conscience. Because I am definitely not going to delete these reviews

    1. @Laura, no need to worry, just say good bye to your money and walk to a brighter side, they are simply demanding and very unprofessional, I was also amazed to listen to their way of talking, they think they know everything, YES THEY DO KNOW EVERYTHING ON HOW TO CHEAT, this Barry and his colleague kept on asking me where do I come from originally !!

      As they know I gave them hard time before depositing Euro 2,000 which is not even 1% of what I had in mind of depositing in the first place, but thankfully, I gave a try by WITHDRAWING 400 Euro and never came back into my account !!

  12. Beaware fellow citizens of the globe, below is my email to one of their so called “senior trader” going by the name “Barry Hamilton”

    Barry is a “Senior Con Artist” from Zürich

    Your exposed truth above, atleast I lost only 1% of my investment, poor people may be loosing 10,000 Euro.. this will go on all Australian websites and Blogs where I will be educating my fellow Australians about the con artist of how I lost my Euro 2,000 and thankfully not more..

    Enjoy with my I can see what you were taught from your elders..

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