Overview
Verbo Capital (Pty) Ltd claims to be a modern trading platform for forex and cryptocurrency trading via MetaTrader 5, but its rather professional branding is offset by genuine regulatory warnings, issues with withdrawals, market manipulation, etc., along with long lists of user complaints.
Website: https://verbo-fx.com/
Address: First Floor Kildare Centre, Cnr Kildare Road and Main Street, Newlands, Western Cape, South Africa.
Regulatory Warnings: Securities And Futures Commission(SFC)
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Regulatory issues
Despite claiming to be governed by South Africa’s FSCA, Verbo Capital is not verifiably listed in the regulator’s database. The most troubling aspect is that the Hong Kong Securities and Futures Commission (SFC) has specifically stated that Verbo Capital is making trades without authorization. This factors into their legitimacy and transparency issues.
Operational Issues and Complaints
Users are reporting frozen accounts, blocked withdrawals, unanswered support requests, and apparent market manipulation that appeared to be particularly obvious when price spikes occurred, such as when the price of gold surged. Users also described manufactured price charts, and the firm always blocked any noise/review with user accounts being disabled at random after a complaint. Unanswered/resolution/refund requests went ignored, and users were simply denied refunds without any legitimate support.
Absence of Trustability and Transparency
Since Verbo Capital was implemented this year in 2024, this has recently established no historical background from an operational perspective or trust numerically from our users. However, the terms of wording on their registration and the lack of accountability through customer support and registration are incomplete. There are typos or hidden charges associated with these platforms that appeared, with discrepancies also found in transactions, and, thus trader dissatisfaction arose, and the initial trust provided users with little reason to sustain any long-term reasonable trust.
Frequently Asked Questions
Q1: Is Verbo Capital regulated?
No. While the broker cites FSCA regulation, there is no explicit proof in evidence of legitimate authorization. It also included that it was blacklisted by the Hong Kong SFC.
Q2: Are users able to withdraw funds from Verbo Capital?
Many users have reported that their requests to withdraw were marked as canceled without reason. It remains uncertain once the accounts are submitted for the complaint, but were soon discovered to be locked out of access.
Q3: Should I use Verbo Capital to trade?
To summarize, with complaints unresolved, with accountability to regulation, and the user experience, you should consider trading with Verbo Capital will be high risk and not recommended.
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