Beware! 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., or Capital Wealth Management, may look like a credible forex broker at first glance, but it is actually a scam, unlawfully using the name of a legitimate company. In this review, we will show you why you should never trust your money to and point you in the direction of trustworthy investment firms. Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

No company name or regulatory license details are listed on the website itself. Only a United Kingdom contact address is given.

In the text of the Terms and Conditions, the name of the company  Capital Wealth Management Ltd. is mentioned but as the provider of the clearing and billing services. Estonia is listed as the applicable jurisdiction in the document, not the United Kingdom.

In the UK’s Financial Conduct Authority (FCA) database, we discover a warning that is illegally using Capital Wealth Management company details. The real investment intermediary with that name operates through the domain.

When choosing a broker through which to invest in the financial markets, you should not only make sure that all the information required by law is available, but also that this information is true. Always check that the company is indeed on the records of the specified regulator and that the domain used is among those officially approved for the particular broker.

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the Financial Conduct Authority (FCA). They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts. Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS implements web-based trading software. While this platform has the basic functionality to place orders, it cannot compare to the capabilities provided by MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested. Trading instruments

FP MarketsYesYesYesYesYes
Octaxxxxx offers trading in all major asset classes, including cryptocurrencies. As stated, we have every reason to believe that this trading is fictitious. In addition, licensed brokers in the UK cannot offer trading in crypto CFDs. So this is more proof that the is not what it claims to be. Spreads and cost of trading

Capitalwealthmanagement.coXMFP MarketsOcta
Spread EURUSD0.
Spread GBPUSD0.51.31.5x
Spread USDJPY0.51.31.5x

In the trading platform, we see a very low spread of 0.5 pips. But this shady broker does not specify whether it charges additional commissions. In addition, the names and number of trading account types described on the website differ from those you have to choose from when registering an account. Such discrepancies are typical of fraudulent schemes. Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1 offers leverage up to 1:400. It is not possible for a UK licensed broker to offer such risky levels of leverage. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand. Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

The documentation only mentions credit acct transactions and wire transfer, but the only option on the deposit menu is Bitcoin.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill. Minimum deposit

Capitalwealthmanagement.coXMFP MarketsOcta
Minimum deposit€250$5$100$100 specifies a minimum deposit of 250 EUR, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors. Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Capitalwealthmanagement.coNot specifiedNot specified€3000
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The Terms and Conditions stipulate a strangely high minimum for depositing and withdrawing by wire transfer – 3000 EUR. As stated, the only payment method available is cryptocurrencies. From such a fake broker you could expect more such contradictions, hidden fees and other traps to prevent you from withdrawing your money.


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