Capitalix Scam Exposed (2024)

Capitalix has received allegations of being a major scam. Find out if those allegations are true or not
Capitalix scam

Capitalix, an offshore broker, is officially run by 4Square SY Ltd, which holds a Security Dealer licence from the FSA Seychelles. The offshore broker targets customers in South America, Asia, and the Mena area, while 4Square (CY) Ltd, a company established in Cyprus, serves as its payment agent. Capitalix is associated with iTrade Global (CY) Ltd d/b/a InvestFW and TradedWell, which are governed by the CySEC. In each of the two businesses, Lee Ron More has been appointed director. Capitalix has received an Orange Compliance Rating from us.

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Brief Story

Capitalix ought to be prosperous. The website saw about 500,000 visits in Q3 of 2022. The Mena area, South America, and India are where Capitalix is most active, according to the most recent Similarweb statistics. The registration is banned for inhabitants of the EEA.

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At the very least, Capitalix has a personal connection to iTrade Global (CY) Ltd., a CySEC-regulated investment firm (CIV) operating under licence number 298/16 d/b/a InvestFW, TradeFW, and TradedWell.

A director of the company governed by the CySEC is Lee Ron More. In the Seychelles, Lee Ron More is likewise listed as an individual contact for the FSA-regulated 4Square SY Ltd. On the regulatory file there is also iTrade Global’s email address.

Compliance Check

With an FSA licence for the Seychelles, Capitalix typically avoids acquiring clients in the EEA and North America. On the other hand, whistleblower and Similarweb data indicate that users in Switzerland and other EEA countries are already on board.

In any event, it should be mentioned that regulatory approval for other regulatory regimes, such Mexico, Peru, or India, does not always follow from an FSA licence obtained in the Seychelles. Activities in the MENA area, Asia, or South America are deemed unapproved in this regard.

With just under 100 reviews, Capitalix has a poor trust level and a fraud rating of 1.5 stars on Trustpilot.

InvestFW, a broker regulated by the CySEC, has decided to concentrate on institutional investors and is no longer taking on new retail clients. TradedWell will no longer be available.

We have included Capitalix on our Red Compliance list as a result of customer complaints and regulatory concerns.


Platform for trading assets targeted at the capital market. Through app-based platforms, users can purchase, sell, and trade cryptocurrencies, stocks, FX, indices, metals, and commodities. provides news updates, trading tools, economic calendars, and market data to help with investment planning. offers brokers a plethora of resources, including blogs, articles, and instructional videos. Both Android and iOS devices support the application.

Offshore Broker

An offshore brokerage account is a type of financial account that is kept in a foreign nation by an individual or company, usually with advantageous financial and regulatory terms. Investing in different financial products including stocks, bonds, mutual funds, and other assets is the main usage for these accounts.

Usually, it is you who starts the process of opening an account with a brokerage company. You will be able to trade and swap different kinds of investment assets at your own discretion as soon as you fund this account, either with cash or credit.

What an offshore brokerage account is for

While offshore brokerage accounts have many uses, the following are some typical ones:

Trading, owning, and investing in stocks, bonds, currency, securities, and other financial products; 

Carrying out a variety of adaptable transactions using various accounts;

Taking advantage of tax benefits brought about by the offshore status;

Essentially, you can manage your investments abroad using an offshore brokerage account, possibly taking advantage of a variety of investment opportunities and advantageous tax conditions.

Offshore brokerage account

  • Requires a high minimum deposit
  • Offers flexibility in choosing financial instruments and provides extensive investment options
  • Permits the use of multiple foreign currencies
  • May come with advantageous tax treatment and operates under a more open regulatory framework
  • Carries a higher level of risk
Capitalix Scam Exposed (2024)
Capitalix Scam Exposed (2024)

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