Fire Capital Market Review

About Fire Capital Market

The firm operating under the name “Fire Capital Market” uses the domain firecapitalmarket.com and claims to be authorised and regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), and also licensed by the Australian Securities & Investments Commission (ASIC) (). On its media centre page, it states that the UK entity is “Capital Com (UK) Limited” authorised by the FCA, and the Cypriot entity is “Capital Com SV Investments Limited” licensed by CySEC under license number 319/17 (). The firm promotes trading across thousands of markets via CFDs and direct stock access through web and mobile platforms, and states use of segregated client accounts, negative balance protection, and PCI data security compliance ().

The UK’s FCA has issued a public warning that “Fire Capital Market” may be providing financial services or products without proper authorisation in the UK, indicating it is not permitted to operate there under that name (). Multiple independent reviews also report that Fire Capital Market falsely claims FCA and CySEC regulation, and that no corresponding registration exists in CySEC’s official public records, leading observers to classify the firm as unregulated or possibly a scam ().

Pros and cons

Pros

• The website states that client funds are held in segregated accounts, implements negative balance protection, and complies with PCI data security standards ().

Cons

• The FCA has issued a warning that the firm may be operating without authorisation in the UK under the name “Fire Capital Market” ().
• Claims of FCA and CySEC regulation could not be verified in official regulatory registries; CySEC shows no matching registration ().
• Independent reviews describe the platform as unregulated and potentially fraudulent ().