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• Our Review Method

• Is Capital88 Scam or Legit Broker?

• What is Capital88?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Capital88 due to the issues we've identified.

Is Capital88 Scam or Legit Broker? ▲

Capital88 emerges as a highly questionable brokerage entity, firmly establishing itself as a broker that traders should approach with caution. The parent company of Capital88, Capital88 Ltd., is incorporated in the Marshall Islands—a jurisdiction notorious for its virtually non-existent financial regulations and oversight. This absence of stringent regulatory measures has rendered the Marshall Islands a haven for numerous dubious forex brokerage firms, including but not limited to GoldmanCFD and Obsbit.

The lack of adequate regulation in such offshore zones significantly undermines the safety and security of investments made with brokers like Capital88. The Marshall Islands, with its minimal setup costs and absence of forex trading regulation, provides an ideal environment for operations that might not have the best interests of traders at heart. In light of these concerns, Capital88’s legitimacy and safety as a trading platform are highly questionable, warranting a strong recommendation for traders to steer clear and opt for brokers with robust regulatory backing from reputable authorities such as the FCA (Financial Conduct Authority) in the UK or ASIC (Australian Securities and Investments Commission) in Australia.

What is Capital88? ▲

Capital88 positions itself as a provider of a wide array of financial assets, boasting a portfolio that spans all four major markets with over 1,000 financial instruments, including CFDs (Contracts for Difference) and FX (Forex) trading. The operation behind the brand, BT Ventures Ltd., claims Sofia, Bulgaria as its base. However, extensive research and verification efforts have failed to unearth any evidence of regulation by the local Financial Supervision Commission or any other authoritative body. This absence of regulation raises significant red flags regarding the broker's credibility and commitment to upholding high standards of financial integrity and client protection.

Compounding the concerns surrounding Capital88, the broker has found itself on the receiving end of a ban by Spain’s National Securities Market Commission (CNMV). This regulatory body has explicitly stated that BT Ventures Ltd./Capital88 Ltd. is not authorized to offer investment services or provide auxiliary services related to financial instruments, including foreign currency transactions within Spain. This prohibition serves as a stark warning to potential investors about the risks associated with engaging with Capital88 for their trading needs.

Conclusion ▲

In summary, Capital88 is engulfed in a myriad of issues that critically impair its suitability as a trusted trading partner. The broker’s association with the lightly regulated jurisdiction of the Marshall Islands, coupled with the absence of necessary regulatory approvals from recognized financial authorities, casts a long shadow over its operational integrity. Additionally, the explicit ban by Spain’s CNMV underscores the broker’s failure to adhere to established regulatory standards, further amplifying the risks for traders.

Given these substantial concerns, we strongly advise traders and investors to avoid Capital88 and similar entities operating out of the Marshall Islands. Instead, the focus should be on engaging with brokers that boast strong regulatory credentials from respected authorities such as those in the UK or Australia. Brokers like eToro, RoboForex, and FXTM exemplify the caliber of reliability and security that traders should seek in a brokerage, ensuring a trading environment that is both safe and conducive to the interests of the trading community.

In light of the recent developments where the Capital88 website has become inactive, rendering the broker’s trading offerings inaccessible, the call for vigilance among traders becomes even more pressing. Despite the apparent discontinuation of account openings, the potential for unsolicited trading proposals remains a concern. As such, maintaining a high level of caution and opting for well-regulated, reputable brokers is imperative for safeguarding one's trading capital and interests in the volatile realm of forex trading.