FMA warns against E-capital Forex

FMA in New Zealand believes that E-capital Forex is operating a scam.

E-Capital may be operating a scam via the website and its representative. We received a report of people being cold called via Instagram and unable to recover Ethereum paid to E-Capital.

E-Capital is not an incorporated company in New Zealand or registered financial service provider (FSP). It is not authorised by, nor associated with Trademax Global Markets (NZ) Limited (Trademax). It uses Trademax’s FSP registration number, trademark, and website design without permission.

Unauthorized Firm Details - E-capital Forex

ENTITY NAME: E-Capital
EMAIL ADDRESSES: [email protected]; [email protected]
PHONE: +1 (669) 200-1984; +447520649374
WEBSITE: ecapitalforex.com
ETHEREUM WALLET ID: 0x6D382006c73C6343Ed07F5a9cbFE49126d266388

How To Protect Yourself From Scams

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.