WikiFX Review: Plz Watch Out For CapitalPro500

With the rise of the Internet, digital currency has become the most liquid and traded financial investment in the world. At the same time, a large number of different kinds of financial transactions have emerged, so choosing the right and reliable broker is very important for investors. So which trader should you trust as an investor？ Now let's take a foreign exchange dealer in the UK as an example and discuss whether this foreign exchange dealer is reliable.

About CapitalPro500

CapitalPro500 always set up as a financial derivatives broker which has been providing online forex, commodity，stock indices and related services for retail and institutional customers around the world.

CapitalPro500also claimed to be based in UK and licensed by the country financial institute. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

As we can see from the figure above that the query result is quite negative –no company named “CapitalPro500” is shown on the Financial Conduct Authority. It clearly proves that CapitalPro500 is not authorized by FCA but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Because you are unlikely to get your money back if things go wrong.

In addition, to get a better idea of CapitalPro500, WikiFX also paid a visit to its official website.CapitalPro500 tries to convince us they are a legit and professional broker, but it turns out to be the opposite.

CapitalPro500 doesnt have professional trading platforms like MT4/5. Since CapitalPro500 promises to provide an automated trading platform, when I clicked the “register” button, it turned into a 404 error page -- The requested URL /trade/open-account was not found on this server. Also, the download link is nowhere to be found throughout the website, which is actually dangerous because legitimate brokers always allow clients to download and test trading software before depositing it.

In addition, CapitalPro500 asks for at least $250 in order to open a trading account – which is actually quite a lot. Many great brokers would open an account for much less – even for as little as $10 on some occasions.

More importantly, CapitalPro500 have imposed limits on how much investors can withdraw. According to its website：The minimum withdrawal amount for wire transfers must over $500.00 USD and CapitalPro500 reserves the right to refuse a withdrawal request if the trading account is subject to a charge-back investigation.

This is undoubtedly a bandit condition term. Scammers like CapitalPro500 are sneaky – they will keep raising those turnover requirements to prevent you from withdrawing your funds too soon. In the meantime, they will make sure to run off with your deposits.

Now let's search “CapitalPro500” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/4134053660.html), CapitalPro500 currently has no valid regulatory license and the score is rather negative - only 1.23/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Please note that WikiFX is also reminding the majority of users: low scores, please stay away!

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

From all the above information we can know that trusting a broker like CapitalPro500 is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is not authorized by the British financial authorities.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.