True Capital Review

About True Capital

True Capital, operating via the domain truecapital.net, is a broker with no evidence of regulation by any recognized financial authority. Investigations indicate that it is not licensed by the Seychelles Financial Services Authority despite being linked to Fantastic Days Limited, a Seychelles-registered company; the lack of oversight raises significant concerns about the safety of investors’ funds. The website has been reported inactive as of October 28, 2025.

True Capital Management, LLC—a separate entity based in San Francisco, Delaware—is documented in a U.S. Securities and Exchange Commission (SEC) administrative order for acting as an unregistered broker-dealer. The SEC found that between at least 2012 and 2021, the firm regularly received transaction-based compensation without proper registration, in violation of Section 15(a)(1) of the Securities Exchange Act of 1934. Consequent sanctions included a cease-and-desist order, censure, disgorgement of $594,897 plus prejudgment interest of $76,896, and a civil penalty of $150,000.

Who it’s for

• There is no clearly defined, licensed firm available to be reasonably recommended.
• Any investors seeking regulated brokerage services should avoid True Capital and consult licensed alternatives.

Pros and cons

Pros

• No verifiable advantages due to absence of regulatory protections.

Cons

• Not regulated by any recognized financial authority, including but not limited to the Seychelles FSA.
• Website inactive as of late 2025, indicating potential operational abandonment or risk.
• SEC enforcement action against a similarly named U.S. entity for providing brokerage services without registration.