Reply To: Capital Street FX – legit or scam?

James Barra
Moderator Team

    Hi Firmin,

    Thank you for your message.

    We have evaluated Capital Street FX and have concerns regarding its regulatory status. They are authorized by the Financial Services Commission of Mauritius (FSC) – a ‘red tier’ regulator that isn’t known for its robust oversight of brokers and strong protections for retail investors.

    It also offers bonuses to entice traders, which aren’t permitted by most respected regulators, plus extremely high leverage ratios as you’ve pointed out, which again, aren’t permitted by most respected regulators. The maximum leverage in Europe, Australia and the UK, for example, is 1:30 for retail investors.

    If you want a well-regulated broker (and you should), I recommend seeing our selection of trusted brokers.