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Twin Scam Alert: Broker Capitals is a New Domain of Finex Stock

WikiFX

| 2022-08-08 18:06

Abstract：This week, the Italy financial regulator CONSOB issued a warning against an unlicensed broker named Broker Capitals. When we clicked on Broker Capitals' website, its logo, trade name, and design seemed familiar to us.

Almost-Same Website

At the first sight of Broker Capitals' website, we could hardly find differences between the website and Finex Stock's, except for the trade names. If you ever heard about Finex Stock from BrokersView, we believe that you will not fall into this trap. Using multiple websites to scam was a common method of fraudulent brokers.

Still the Same Lies

Finex Stock used to claim itself a 20-year-experienced from 2000 broker, and so did Broker Capitals.

By checking the domain of Broker Capitals (https://brokercapitals.com/), we found it was created on 24 Dec 2021. Obviously, this broker lied about its business experience.

Still Has No Regulation

Just like it claimed on the former websites, Broker Capitals claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), without providing a registration number. So we searched its claimed company name, Broker Capitals Inc., in SVG FSA. Not surprisingly, we found nothing matched this broker in SVG FSA. Even though it had had registration, it could not prove itself a legal forex broker, since SVG FSA does not regulate financial services including currency trade.

Besides, Broker Capitals lied to be regulated in the United Kingdom for 15 years. However, we found no results that matched Broker Capitals in the UK FCA register. In other words, the 15 years of regulation were fake.

Warning from CONSOB

On 1 Aug 2022, the Italy CONSOB issued a warning against Broker Capitals, reminding the public that the broker is not regulated to provide financial services or sell financial products in Italy. This was the third time that CONSOB issues a warning against Broker Capital Limited. This “old friend” has become a regular on the CONSOB warning list.

In conclusion, Broker Capitals is a broker without license. It is recommended that investors not to trade with the broker. If you want your funds to be protected, please confirm that the broker you are trading with has obtained a forex license.

Copy Trading Gone Wrong? The Mistakes That Could Wipe Out Your Entire Trading Account

We all love trading geniuses and their strategies that earn them profits season after season. And we also love following them to make our investment journey seamless. Copy trading is one such tactic that beginners employ to enter the forex market. What do most of them usually do? They pick an experienced investor from the list and let the platform replicate every trade automatically. The fact that experienced traders continually earn profits, the feeling of copying their trades remains intense. However, the uncertain forex landscape can bite you hard by simply copying trades and not focusing on technical analysis and the charts during the day. Beginners can have a set of preconceived notions that can potentially open the gate for losses. In this article, we have highlighted such mistakes traders should avoid.

Original 2026-07-03 21:02

amari Capital Review 2026: One Trader Alleged Order Glitches, Another Claimed Fund Losses. Read on!

amari Capital, a Saint Lucia-based brokerage firm, may have limited user feedback. However, users only highlight the cons that warrant immediate attention from the broker officials to prevent a further dip in its trust score, which already sits at a low of 1.80 out of 10, according to the WikiFX data. Users have openly claimed foul play while trading on the platform. This amari Capital review aims to uncover those allegations against the broker.

Original 2026-07-03 19:16

Same Currency Pair, But Different Prices on Two Brokers? The Reason May Shock You!

Forex traders often wonder why the same currency pair, for instance, EUR/USD, shows 1.17450 on one broker but 1.17455 on another. This difference creates suspicion among traders, often leading to wrong calls and losses. Calm your nerves first by understanding that small price variations are normal and are a reflection of the global forex market’s operation. The forex market is decentralized with no single exchange or official price for any currency pair. That is some revelation for new forex traders. So, what’s the methodology for price determination? It is derived from an expanded network of financial institutions, banks, liquidity providers and brokers globally. So, as a forex trader, you must understand the price structure thoroughly to stay out of unnecessary chaos and continue to reap rewards.

Original 2026-07-02 21:38

VITTAVERSE Review 2026: The Broker Deleted My Profits Citing Rule Violation. But Where is the Proof?

Whether it’s South Asia, Western Asia, Europe or America, users all over are basically asking this: Why is VITTAVERSE cancelling my profits without providing any evidence? While they may be user allegations, a large volume of such complaints creates suspicion, if not affirmation, about the broker’s alleged involvement in profit cancellations. Users also complained about massive withdrawal delays in the name of ‘Account Review’ or ‘Account Upgrade’. This VITTAVERSE review article closely examines user allegations, including those concerning profit deletions, by the Seychelles-based brokerage firm. To give you a fair idea of its legitimacy, we have also provided a regulatory overview of the broker.

Original 2026-07-02 20:05