Verbo Capital
Basic Information
Pros and Cons
Pros
- Offers trading in forex and cryptocurrencies
- High leverage available
Cons
- Currently unregulated and illegal operations
- Vague fee structures and unclear commission
- Numerous complaints about withdrawal issues
- Poor customer service and responsiveness
- Negative reputation among users
Is Verbo Capital Safe and Legit?
Verbo Capital is a forex broker incorporated in Hong Kong in 2024, operating for less than two years. The broker offers trading in various instruments, including forex and cryptocurrencies, with high leverage and vague fee structures. However, specific details regarding spreads and commission are not clearly defined, raising concerns for potential investors.
Verbo Capital is currently unregulated, operating without any major licenses, and has received warnings from the Hong Kong Securities and Futures Commission for illegal operations. This lack of regulatory oversight categorizes it as a high-risk broker, making it unsafe and illegal for trading.
Market reputation for Verbo Capital is largely negative, with numerous complaints from users regarding withdrawal difficulties and poor customer service. Feedback often highlights aggressive sales tactics from account managers and a lack of transparency, contributing to a growing perception of the broker as potentially fraudulent. Users report high pressure to deposit more funds, coupled with unresponsive support when attempting to withdraw, indicating serious operational flaws and raising significant red flags in the trading community.
Is Verbo Capital a Regulated Broker?
What Are the Regulatory Licenses Held by Verbo Capital?
Verbo Capital is currently unregulated and holds no mainstream or offshore licenses. The broker operates without any major regulatory oversight, which categorizes it as a high-risk entity. This lack of regulation raises significant concerns for potential investors regarding the safety and legality of trading with Verbo Capital. Furthermore, the broker has received warnings from the Hong Kong Securities and Futures Commission for illegal operations, emphasizing its unregulated status in the financial market.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| No Regulated Licenses | No Regulated Licenses | Verbo Capital | Unregulated | N/A |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Verbo Capital does not hold client funds in independently regulated bank accounts, nor does it provide segregation of client assets from its own. Due to its unregulated status, there are no investor compensation funds or insurance schemes in place that would cover clients’ deposits or losses.
Verbo Capital Leverage
The specifics of leverage offered by Verbo Capital, including maximum multiples by product category, are not detailed. As the broker is unregulated, it does not comply with any local regulatory requirements for leverage, and it is unclear how it classifies clients as retail or professional.
Verbo Capital Withdrawal Review
How to Contact Verbo Capital?
Verbo Capital has garnered numerous complaints, primarily focused on withdrawal issues, with users expressing frustration over their inability to retrieve funds after making deposits. Credible sources of these complaints include user reviews and regulatory warnings, indicating a pattern of withdrawal difficulties and poor customer service. The broker’s response to these complaints has been characterized as slow and unresponsive. There are repetitive complaints about withdrawal challenges, and Verbo Capital has received warnings from the Hong Kong Securities and Futures Commission for illegal operations, further highlighting the broker’s high-risk status and potential fraudulent practices.
Frequently Asked Questions
A1: Verbo Capital is currently unregulated and operates without any major licenses, which categorizes it as a high-risk broker. The lack of regulatory oversight raises significant concerns about the safety and legality of trading with this broker, especially as it has received warnings from the Hong Kong Securities and Futures Commission for illegal operations.
A2: Verbo Capital holds no regulatory licenses and is classified as an unregulated entity. This absence of regulatory oversight means that potential investors have no legal recourse or protections typically associated with licensed brokers.
A3: Verbo Capital does not hold client funds in independently regulated bank accounts or provide segregation of client assets from its own. Due to its unregulated status, there are no investor compensation funds or insurance schemes in place to protect clients’ deposits or losses.
A4: Numerous complaints have been reported regarding withdrawal issues, with users expressing frustration over their inability to retrieve funds after deposits. Many users have indicated that the broker’s customer service is slow and unresponsive when addressing these concerns, which raises serious red flags.
A5: Verbo Capital’s customer support details are not clearly specified in available resources. However, it is advisable to approach any communication with caution due to the broker’s negative reputation and history of unresponsive customer service.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.