This offshore brokerage isn’t safe. Due to lousy regulations, CarbonCapitalFX has the freedom to conduct its crooked scheme.
We’ve analyzed what this broker has to offer in terms of a license, trading software, leverage, costs, instruments and payment methods. It’s all in our CarbonCapitalFX Review so please read it before opening an account with this broker.
We found a discrepancy on CarbonCapitalFX’s website regarding the country where this brokerage is based. This entity is supposed to be run by Trident Trust Company Ltd registered with the British Virgin Islands (BVI) FSC.
However, in the T&C section, the broker claims to be operated by Carbon Capital Ltd from Saint Vincent and the Grenadines (SVG).
Whatever the case may be, CarbonCapitalFX is an offshore provider, a risky one at that. BVI’s FSC is not a strict regulator for Forex brokers.
Unlike reputable onshore financial authorities, the FSC doesn’t require brokers to maintain a minimum operating capital, segregate clients’ funds, provide them with a compensation scheme, or any information for clients with regard to an execution policy.
As for SVG, the local Financial Services Authority does not even regulate Forex trading, meaning that all SVG-based brokers are unlicensed. That’s why we don’t recommend you trade with CarbonCapitalFX.
If you don’t want to worry about your broker’s regulatory status, find a provider that’s licensed by Tier 1 regulators such as the FCA, BaFin, ASIC, FINMA, MAS, etc. If you’re from the US, your broker has to be registered with the CFTC and the NFA.
CarbonCapitalFX is an offshore broker with lax regulation and bad intentions. Numerous complaints against the broker were made by traders from the US, the UK, Canada, Trinidad and Tobago, and India.
Traders have been having their accounts disabled by CarbonCapitalFX. A malfunctioning platform and poor trading conditions were common themes as well.
On WikiFX, we found several complaints against CarbonCapitalFX and its monkey business. It seems traders paid the price for trusting this offshore broker.
I really trusted Carbon Capital, but they’ve decided to block my accounts without a real valid reason. They also kept my funds. I just cannot understand why they would hurt me like this.
CarbonCapitalFX offers two different trading platforms – MetaTrader 5 and CarbonTrader. MT5 is the most famous trading platform in the world and offers a wide range of advanced tools such as automated trading, branch optimization, live market reports, etc.
Surprisingly, CarbonCapitalFX included a legit version of MT5. But even that wasn’t enough to compensate for the broker’s unlicensed status. One trader complained about the platform being too slow, with messed up indicators and charting.
Based on the website, CarbonTrader looks like a browser-based terminal, i.e. an online platform. As such, we assume it lacks the advanced tools and features that MT5 offers but without a demo account, we weren’t able to check.
CarbonCapitalFX didn’t go into detail about its trading instruments. From the info on the website, we were able to find out which asset classes are available.
According to the broker, clients have access to over 200 trading instruments among which are 30+ crypto pairs. Here’s a list of CarbonCapitalFX’s trading assets:
We did some research to find out where CarbonCapitalFX was active. It seems that this broker provided services in some heavily regulated countries, despite not having the necessary license:
If you have some evidence of CarbonCapitalFX fraud, please let us know. We will use it to report this broker to the financial market watchdogs.
CarbonCapitalFX offers two different account types for trading:
The former account’s spreads are raw and start from 0.0 pips whereas the latter’s spreads are fixed at an average level of 1.5 pips. Platinum charges flat rate commissions (amount not specified) while Carbon is commission-free.
Then we have this – in the T&C, CarbonCapitalFX added two more account types and disclosed the minimum deposits. The lack of transparency in this brokerage is alarming.
No. CarbonCapitalFX doesn’t offer a free demo account. It means the broker forces you to open a live account right off the bat and invest real money.
Basically, you’re going in blind without even trying out the platform. The unlicensed CarbonCapitalFX is not worth the risk.
As mentioned, CarbonCapitalFX’s terms and conditions and website are full of discrepancies. If you ask us, the shady broker probably copied this document but failed to make the necessary changes.
That’s not the transparency you want your broker to have. CarbonCapitalFX even reserved the right to freeze clients’ accounts at its own discretion, which gives the broker unfair power over your funds.
If CarbonCapitalFX violated any terms and conditions, please let us know. If you’re having withdrawal issues, we can help you get your money back.
CarbonCapitalFX accepts only one payment method – cryptocurrencies, which is shady. Crypto transactions are considered untraceable but there are ways to find where your money went.
Our experts specialize in advanced crypto-tracing software such as CipherTrace. They use this program to trace your crypto payment to a wallet within a crypto exchange.
Once your transaction has been located, you can request a refund from the exchange and hope for the best. It’s important to act quickly.
If this broker steals your money, you can contact us for help!
CarbonCapitalFX is an offshore scam broker that claims to operate from SVG or BVI.
Yes. Many traders have pointed to the CarbonCapitalFX scam, saying they’ve been defrauded by the unregulated broker.
Yes, CarbonCapitalFX is available in both countries but is not authorized to provide services in either.
No, which means you’re supposed to invest real money from the start and risk getting scammed by CarbonCapitalFX.
CarbonCapitalFX is an offshore scam broker that claims to operate from SVG or BVI.
Yes. Many traders have pointed to the CarbonCapitalFX scam, saying they’ve been defrauded by the unregulated broker.
Yes, CarbonCapitalFX is available in both countries but is not authorized to provide services in either.
No, which means you’re supposed to invest real money from the start and risk getting scammed by CarbonCapitalFX.
The post CarbonCapitalFX Review – A Fraud Broker With No Legit License appeared first on Global Fraud Protection.
