Upon Verification: Onboard Capital Is Operating Through The Website Https://onboardcap.com/. The Broker Does Not Currently Have Any Effective Regulation.
On November 8, 2024, The Financial Conduct Authority (FCA) Issued A Warning To Onboard Capital That The Company May Offer Financial Services Or Products In The UK Without Proper Authorisation.
According To Its Website, It Claims To Have Been Established In 2005, But Upon Inspection, It Was Found That Its Domain Name Was Not Registered Until 2024. In Addition, It Claims To Have Two Office Addresses, One In The UK And One In Australia.
Following An Investigation, The Australian Securities And Investments Commission (ASIC), The Financial Conduct Authority (FCA) Has Issued A Warning To Onboard Capital That The Company May Be Offering Financial Services Or Products In The UK Without Proper Authorisation.
Essentially, Onboard Capital Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Carries A High Level Of Risk As There Are No Legal Safeguards To Protect Such Funds.
It Appears That Onboard Capital Is A Scam.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct Real Contact Information, Such As Phone Number Or Company Address.
Note: Onboard Capital As An Unregulated Broker, This 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 Investing In An Unregulated Broker, There Is A Good Chance That They Will 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 As Much As Possible When Choosing A Broker.
