Capital Forex Planet Review

About Capital Forex Planet

Capital Forex Planet is not authorized to provide financial services or products in the UK. The UK Financial Conduct Authority (FCA) issued a warning on 18 December 2023 stating that the firm is unauthorised and that clients dealing with it are not protected by the Financial Services Compensation Scheme or the Financial Ombudsman Service  ().

The broker claims to be regulated by multiple authorities across several continents, but no records of such regulatory oversight exist. Investigations found no registration with ASIC, AUSTRAC, BaFin, CIMA, VFSC, MAS, or any verifiable FSC or FMA jurisdictions. Such claims are unsupported by regulatory registries  ().

Trading conditions reported include a minimum deposit of approximately $50, account tiers like Student, Silver, Gold, and Diamond, and leverage of up to 500:1. Offers also mention spreads from 0.4 pips on EUR/USD and a range of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. However, these data derive from third-party review sites and cannot be confirmed via official sources  ().

Pros and cons

Pros

• Advertised low minimum deposit (~$50), wide asset range, and high leverage—though these are unverified and unsupported by regulation.

Cons

• Unauthorised to operate in the UK; lacks FCA regulation and investor protection .
• False regulatory claims; absence of verifiable licensing from reputable authorities .
• Significant risk due to unregulated status and no legal safeguards for client funds.