The OSC issued a Warning against Capitalwise On 6 November 2023, the Ontario Securities Commission (OSC) issued a warning that Capitalwise was providing financial services or products without authorisation. You may visit: https://www.osc.ca/en/investors/warnings/capitalwise
Capitalwise
VisitRisk Level - High
Capitalwise
Risk Level - High
Scam Evidence & Warnings
BrokersView has Reviewed that Capitalwise is an Unregulated Broker Accoding to its website, Capitalwise located in the UK, upon investigation, there is no matching information was found in the Financial Conduct Authority (FCA).In addition, the Ontario Securities Commission (OSC) issued a warning that Capitalwise was providing financial services or products without authorisation.The truth is that Capitalwise is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Capitalwise is a scam.
BrokersView has identified that Capitalwise's website is currently offline BrokersView found that the domain "https://www.capitalswise.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
Is it safe to trade on Capitalwise? No, trading with Capitalwise is highly risky, as it is an unregulated trading platform whose unlicensed investment activities have been warned by a financial regulator, the Ontario Securities Commission (OSC). We strongly suggest you avoid it.Despite claiming to have an address in the UK, Capitalwise hasn't obtained the required authorization from the Financial Conduct Authority (FCA). In addition to the absence of any financial licenses, Capitalwise has been red-flagged by the OSC for conducting unauthorized businesses within this jurisdiction (the full OSC warning can be accessed here).In light of these warning signs, investors must steer clear of Capitalwise. If they trade with it, they will be exposed to fraud and identity theft, with no regulatory protections in place. This could be financially and personally devastating. To mitigate such risks, traders are advised to opt for fully regulated brokers. View Source
WeConnectFX Support
Try asking
Welcome to WeConnectFX Support
I can help with account setup, profile changes, navigation, support contact, and general platform questions.