It is not advisable to trust the facts and statements made by brokerage companies on their official websites, as they may be fake. Meet CapitalMonetary, a forex broker that has fabricated licenses, extensive experience, tens of thousands of clients, and other information. According to reviews, the company is definitely not popular among traders and is likely a scam, but the firm portrays itself as the best brokerage intermediary with guaranteed reliability.
Brief Overview
- 🖥Official Website: capitalmonetary.com
- ✈️Contact Address: Norfolk House, 4 Station Road, St. Ives, Cambridgeshire, England, PE27 5AF
- 📞Customer Support: [email protected], +441326537015
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $50, 1:500
- 💰Additional Services: no
Capitalmonetary.com Examination
The broker’s official website is designed using a template typical of many illegal brokers on the internet. The navigation sections, advantages, and structure of the portal all look standard, as a ready-made template was used. It is noteworthy that the only language supported besides English is Russian. Moreover, the browser tab titles are displayed in Russian, even if the English version of the site is enabled.
In the header of the site, you can find the relevant section to learn about trading conditions, study information about the company, view contact details, see which assets are traded, and much more. CapitalMonetary shares a lot of data about itself: the number of traders, licenses, operating time, and headquarters. This is good, as there is information that can be quickly checked.
In the footer, there is a standard very small risk warning, with links to licenses. Many statements and advantages are fabricated, and there is no evidence whatsoever. However, the main drawback of the site is its template design.
Company Contacts
The broker’s email is genuine, so you can try to write there with any questions you may have. Checking the phone number showed that it belongs not only to CapitalMonetary. The same number is listed on the website of the brokerage company IGSpace, which is a fraudulent and illegal broker. This is the first signal that something is wrong with the company and it needs to be scrutinized more closely.
Key Conditions
Despite the modest minimum deposit of $50, the broker actively seeks to extract the maximum funds from clients. CapitalMonetary offers three types of accounts with minimum deposits of $50, $1,000, and $10,000. The higher the account level, the more favorable the conditions, which essentially encourages clients to choose more expensive plans. It is noteworthy that this approach is characteristic of fraudulent companies.
The leverage size clearly does not correspond to the status of a “regulated broker.” On the basic plan, it is 1:100, and on others, it reaches 1:500. If this is indeed a British company that should be regulated by the Financial Conduct Authority (FCA), then why is such high leverage being used here? It is worth noting that the FCA and other serious regulatory bodies prohibit brokers from offering leverage higher than 1:30.
Another serious drawback of CapitalMonetary is the hidden trading conditions, which make the company non-transparent and suspicious. The size of spreads, commissions, and swaps is not indicated, although these parameters are key and should be disclosed before trading begins. All claims about the transparency of the company are absolutely untenable.
Demo accounts and Islamic accounts are useful options that are not offered to clients, indicating the broker’s lack of understanding of their importance. Additionally, the offered services include some kind of insurance without a clear explanation of from whom, for what amount, and under what conditions, as well as deposit protection. The company has no competitive advantage. The question arises: how does it intend to compete with other brokers?
Exposing CapitalMonetary
Now to the most important point — why is this ultimately a fraudulent company? Even at the stage of studying the website, contacts, and trading conditions, it becomes more or less clear that the firm is very suspicious.
CapitalMonetary provides a lot of information about itself, which is good because it makes it easier to verify the information. First, let’s look at the licenses obtained by the company. In the footer of the official website, there are three links to licenses from the FCA, DFSA, and CySEC. The legal entity is Monetary Matters Limited. However, pay attention to the links to these registers, for example, the FCA fsa-certification.com. This domain was created in May 2024, and it differs from the official register.fca.org.uk. It’s not hard to guess where the catch is. The fraudsters provided fake links to licenses.
What happens if you check Monetary Matters Limited in official registers? It turns out that such an organization does not exist there. More precisely, it exists, but it has not received a license from the FCA. Moreover, it is some other organization that is unlikely to have any relation to CapitalMonetary.
The same situation applies to DFSA and CySEC licenses. The company is actually not regulated but hides behind fake licenses that it invented. The fraudsters took this very seriously — they even created fake sites that imitated the official portals of financial commissions.
What about the operating period? How long has the firm been illegally serving clients? The website states since 2018-2019. The domain capitalmonetary.com was indeed registered in 2018. However, the useful WebArchive service contains snapshots showing that the domain was up for sale until 2024. It turns out that the fraudsters bought the domain in 2024 when they launched their illegal business.
More than 100 awards? Another piece of fake information, as the fraudsters cannot even provide evidence or links to these awards. In the “security” section, there are cryptocurrency addresses (BTC, USDT, ETH, LTC) where the broker’s compensation fund is supposedly stored. They certainly cannot belong to CapitalMonetary. For example, take one of the ETH addresses, which holds 57,812 ETH, i.e., more than $100 million. The last transaction was over 5 years ago, and we found out that the platform was launched only in 2024.
The company also talks about some liquidity providers, but no names or evidence that the broker works with these unknown liquidity providers are provided. In reality, these are just more stories from fraudsters because there is no withdrawal to liquidity providers here; instead, the platform processes client orders itself. This is called 100% B-Book, meaning the firm benefits when traders lose money on unprofitable trades.
What Reviews Do Users Leave?
Since the company is very young, it is not surprising that there are almost no reviews on the internet. However, you can find positive comments, which are definitely fake. The positive reviews about CapitalMonetary are paid for, so you cannot trust what is written there.
Conclusions
There are many red flags. CapitalMonetary created fake regulator websites but do not actually have licenses. The platform’s operating period is very short, and the legal address in the UK is fictitious. Moreover, the phone number has appeared in connection with another company, which is also illegal. All this indicates that trading here is not advisable.
Pros/Cons
- Small starting deposit.
- All information about the broker is fake.
- Illegal activities.
- A very short period of work.
- Hidden trading conditions.
I am a fool, a complete one. Without studying, without fact-checking, I blindly trusted what these fraudsters said and showed about themselves. I invested $5,000 here. This was all my savings money. I wanted to earn some extra money. I chose this firm because they claimed to have several licenses, had been working for years, and had tens of thousands of traders. All of this turned out to be fake, which I easily fell for. I gave my deposit to some anonymous scammers who tricked me like a naive fool. Essentially, I don’t even know where I transferred the money. It appears to be on my balance, but I cannot do anything good with it. Withdrawals do not work. Profitable trading here is impossible by default. The firm turned out to be fraudulent, fake, and not real.