True Capital's Official Website Cannot Be Accessed Normally At This Time. The Company Seems To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-05-16 We Have Confirmed After Review That True Capital Is An Unregulated Forex Dealer
True Capital Is Not A Regulated Licensed Dealer For The Following Reasons.
1) After Browsing The Broker's Website, We Found That It Does Not Mention Any Information About Its Regulation And Company Details. Lack Of Such Information May Be Characteristic Of Unlicensed Dealers, As Regulated Dealers Always Display Their Certifications And Operating Licenses In A Conspicuous Position. This Is A Red Flag.
2) Downloading Its Trading Platform, We Found That The Trader Belongs To A Responsible Company Located In Seychelles, Fantastic Days Limited. However, We Did Not Find Any Results Matching The Trader In The Registration Of The Seychelles Financial Regulator, The Seychelles Financial Services Authority (SFSA).
All Evidence Clearly Shows That True Capital Is Not Regulated By Any Regulatory Authority. This Means That Investors' Funds Invested In This Trader Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That True Capital Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: True Capital As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
