What Is Spread in Forex Trading and How to Calculate It
Spread Meaning in Forex Guide: Forex spread defines the bid-ask price differential, representing the cost of entering a trade instantly.
Original
Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Twin Scam Alert: Broker Capitals is a New Domain of Finex Stock
Abstract：This week, the Italy financial regulator CONSOB issued a warning against an unlicensed broker named Broker Capitals. When we clicked on Broker Capitals' website, its logo, trade name, and design seemed familiar to us.
Almost-Same Website
At the first sight of Broker Capitals' website, we could hardly find differences between the website and Finex Stock's, except for the trade names. If you ever heard about Finex Stock from BrokersView, we believe that you will not fall into this trap. Using multiple websites to scam was a common method of fraudulent brokers.
Still the Same Lies
Finex Stock used to claim itself a 20-year-experienced from 2000 broker, and so did Broker Capitals.
By checking the domain of Broker Capitals (https://brokercapitals.com/), we found it was created on 24 Dec 2021. Obviously, this broker lied about its business experience.
Still Has No Regulation
Just like it claimed on the former websites, Broker Capitals claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), without providing a registration number. So we searched its claimed company name, Broker Capitals Inc., in SVG FSA. Not surprisingly, we found nothing matched this broker in SVG FSA. Even though it had had registration, it could not prove itself a legal forex broker, since SVG FSA does not regulate financial services including currency trade.
Besides, Broker Capitals lied to be regulated in the United Kingdom for 15 years. However, we found no results that matched Broker Capitals in the UK FCA register. In other words, the 15 years of regulation were fake.
Warning from CONSOB
On 1 Aug 2022, the Italy CONSOB issued a warning against Broker Capitals, reminding the public that the broker is not regulated to provide financial services or sell financial products in Italy. This was the third time that CONSOB issues a warning against Broker Capital Limited. This “old friend” has become a regular on the CONSOB warning list.
In conclusion, Broker Capitals is a broker without license. It is recommended that investors not to trade with the broker. If you want your funds to be protected, please confirm that the broker you are trading with has obtained a forex license.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long Short Slippage Leverage Indicator Quoted currency Roll-Over FED ECB BOJ US Non-farm Payrolls Deficit Quantitative easing FOMC GDP Hawkish Dove Macro Base rate Broker Clearing Commission Currency Pair Dealer Future Inflation Liquidation Market capitalization Value Date Hedging Market depth Fundamental analysis Technical analysis BIS Asian session G7 G8 Arbitrage Spot Market Spot Price Contract Interest Net Position Devaluation BOE PBOC Volume Liquidity Margin RokingLTD knowledge Learn basic forex Forex trading Forex margin Forex Chart Forex indicator support and resistance Forex Broker Forex strategy Forex Currency pair Forex Analysis Forex news leverage in forex forex pips Basic forex knowledge forex market forex beginners FSCA monetary policy mortgage-backed securities interest rates inflationary Non-farm payrolls Ramadan
Read more
Allied Top Review: Scam or Legit Broker?
Allied Top review: Covering regulation, trading platforms, leverage, spreads, deposits, and real trader feedback for informed decisions.
Original
STARTRADER Launches New Global Brand Identity
Global broker STARTRADER refreshes its brand identity, reinforcing trust, growth, and client focus through a modernized visual and strategic repositioning.
Original
WikiFX Wishes You a Happy New Year!
Dear Global Users, Thank you for journeying alongside WikiFX. Every query you make, every review you share, and every piece of feedback you provide serves as the most vital driving force behind our continuous efforts to promote transparency and security in the trading industry.
Original
WikiFX Broker
Latest News
STARTRADER Launches New Global Brand Identity
WikiFXGolden Brokers Review: Regulatory Warnings and Investor Risk Overview
WikiFXWikiFX Wishes You a Happy New Year!
WikiFXUS Manfacturing Survey Signals "Wile E Coyote" Scenario
WikiFXRM1.15 Million Lost: Two Women Fall to Fake Profits and Fake Police
WikiFXWhat Is Spread in Forex Trading and How to Calculate It
WikiFXIs Traders' Hub Legit or a Scam? 5 Key Questions Answered (2025)
WikiFXORBI TRADE BERJANGKA Review (2025): Is it Safe or a Scam?
WikiFXMagnetFX Review 2025: Institutional Audit & Risk Assessment
WikiFXAllied Top Review: Scam or Legit Broker?
WikiFXCurrency Calculator
USD
CNY
Current Rate:0
Amount
USD
Available
CNY
Calculate