More and more often, we see brokerage firms choosing the Republic of Nauru as the place of registration for their legal entity. However, why this particular jurisdiction? After all, it lacks serious and strict regulation. This strongly resembles how scammers try to create the illusion of a legitimate platform in order to deceive traders. The subject of today’s review falls into that exact category. Next, we will take a closer look at CapexGo and what kind of broker it really is.
Brief Overview
- 🖥Official Website: https://capexgo.com
- ✈️Contact Address: Island Ring Road, TB office, NRU68, Yeren, Nauru, Republic of Nauru
- 📞Customer Support: +17787156591, support@capexgo.com
- 🔐Licensing and Accreditation: ISA
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $1,500, 1:200
- 💰Additional Services: education, signals, account manager, analytics, personal strategy
Capexgo.com Examination
Let’s start by evaluating the appearance of the company’s official website. A white background, clean typography, and orange-red accent tones give it a “premium and polished” look. The design is simple and lightweight, without cluttered blocks. The site scrolls smoothly and doesn’t feel overloaded. However, the positives end there.
Every page features smiling men and women holding tablets, smartphones, laptops, or posing in front of charts — typical stock photos. Not a single real photo of the CapexGo team or their office. The homepage features a generic slogan: “Simplified access to international markets”. These pseudo-motivational phrases are everywhere on the site — a common trait of untrustworthy brokers.
The website is available only in English, which already limits its audience. If a broker is truly aiming for the international market, it should at least offer translations into Chinese, Spanish, German, French, and Arabic, as all major players do. The lack of multilingual support suggests either cost-cutting, a target audience limited to one country, or that this is a “test” project.
The footer includes legal information, documents, and risk warnings. However, none of this provides any real guarantees. The “About Us” section contains no useful information — nothing about how long the company has been in operation, who the founders are, or what business model it follows. Important details are minimal at best.
CapexGo has created a basic website that includes only the bare minimum of required information. Moreover, the company uses typical tactics seen with many scams. This includes cliché phrases meant to push users toward opening an account, and images clearly taken from Google search results.
Company Contacts
CapexGo offers only two contact channels: email and a phone number. Yet next to these, the phrase “Chat with us” is displayed. How exactly are traders supposed to contact them other than via email? There is no live chat, nor support via popular messaging apps.
We verified the contact details — they do exist. They are not fake. However, email is an extremely slow communication method. In trading, urgent issues often arise that require immediate attention. And hardly anyone uses the phone anymore. There is no live chat and no social media presence for support.
Key Conditions
Let’s take a look at what’s wrong with the trading conditions here. First and foremost, CapexGo operates in much the same way as many dishonest and unlicensed companies. There are seven account types, each offering different sets of additional services and requiring increasingly higher minimum deposits. The concept is simple: the better the plan, the more favorable the conditions, but you have to invest more money. Want extra features? Invest more.
Among the available account plans, we did not find any useful types, such as a demo account or a cent account. The minimum deposit is enormous — $1,500. There’s no account designed for beginners who aren’t ready to risk $1,500 or more. Meanwhile, the swap-free feature is only available to those who can afford a $50,000 deposit. An Islamic account, however, should be provided to all clients regardless of their account type.
The commission is listed as $0 on the main page of the official website. Spreads are also listed as 0 pips. So how does CapexGo make money if clients pay nothing when trading? Commissions and spreads are the primary income sources for brokers, and here they’re zero. That means the company earns in another way. Its profit comes from client losses. This is a dealing desk model, which makes money only when traders lose. That is a direct conflict of interest.
To accelerate client losses, the company offers a high leverage of 1:200 and adds various extras such as trading signals, manager assistance, analytics, and other nonsense. All these “services” are designed for one thing only — to help traders drain their accounts. There’s no point in working with a platform whose main goal is to take your money.
Exposing CapexGo
Looking at these trading conditions, it’s hard to feel any sense of trust. We need to verify the legitimacy of the firm and look for other red flags that may indicate a guaranteed scam.
In the footer of CapexGo’s official website, the legal entity is listed as Invoza Limited. This organization is registered in the Republic of Nauru and claims to hold a license from the ISA. However, this should not be seen as any kind of real guarantee.
If a broker claims to have an ISA license from Nauru, it means nothing serious. This type of license doesn’t actually regulate the company — it’s just a business permit, issued without any mandatory checks of internal procedures, client fund handling, account segregation, trade execution oversight, or conflict-of-interest protection. To obtain it, all you need is a share capital of 15,000 Australian dollars and a one-time fee of 10,000 AUD, plus an annual renewal fee of the same amount. That’s it. There are no requirements for IT security, KYC policies, reserve funds, or back-office audits, unlike regulators like the FCA (UK) or ASIC (Australia).
You can get this kind of “license” within a week through a local intermediary, and no one will ever check who is behind the company, where the money comes from, or how it treats clients. That’s exactly why most companies licensed by the ISA are dangerous dealing desks. Clients simply hand over their money to an entity that, by law, isn’t required to report how it uses those funds. In the case of issues, account freezes, or fraud, the trader will not be able to file a formal complaint, because the ISA will do nothing to protect users.
Moreover, CapexGo has not been around for long. The company doesn’t even mention its founding date. It’s treated like a secret. However, we can verify how long the platform has existed by checking the domain registration date. The official website, capexgo.com, was created on August 30, 2024. That’s less than a year ago. This broker is far too new.
What Reviews Do Users Leave?
Finding genuine reviews about CapexGo is difficult. This is because there is another broker with a similar name — Capex. If you try to search for comments online about the subject of this review, you’ll mostly come across feedback about the other, unrelated company. Clearly, the creators of this project chose a similar name to attract attention from unsuspecting beginners. If your goal is to launch a successful business, you should come up with a unique brand, not copy the name of a more established broker.
Conclusions
And so, we come to the end of our CapexGo review. This platform not only offers terrible trading conditions but also provides zero security guarantees. Depositing funds here is a 100% risk. The platform could turn into a scam at any moment, and that risk is simply not worth it.
Pros/Cons
- There is a legal entity registered in Nauru.
- No license from a reliable and reputable regulator.
- Huge risk of a scam.
- The platform was launched less than a year ago.
- The business model with a conflict of interest - the company benefits from clients losing money.
This is a classic offshore scam. Stay away from CapexGo. The company deliberately targets traders by promising zero commissions and loads of extra features. However, once you fund your account, the nightmare begins — manipulated charts, delays, technical issues, forced bonuses, and other garbage — all designed to MAKE YOU LOSE YOUR ENTIRE DEPOSIT! You won’t be able to withdraw anything. Forget about trading with these fraudsters. This is a fake brokerage platform.