CapFM.io is a clone broker scam, or at least it seems like it. What is a clone fraud? When an unlicensed broker adopts a name similar to a regulated broker to encourage people to trade with them instead of the real service, that is a clone scam. CapFM.io has been flagged by the FCA for doing this. It is trying to persuade people that it is FCA regulated when it has no license at all.
We Have Found Some Problems with CapFM.io
Look carefully at the names of the brokers you are researching. Ensure they are regulated by a top tier regulated and their license is current. Also double check the name so you don’t get fooled into signing up with a broker with a similar name. Taking your time and checking the details will save you money and keep you safe while trading online with online trading.
Red Flags Concerning CapFM.io:
No transparency
No license
Suspected clone scam
No contact information
Bad reviews
What Should You Do If You Have an Account with CapFM.io?
We do not recommend opening an account with CapFM.io. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
