I have been told by a reliable source that Capital City Markets (CCM) is licensed and regulated by the Vanuatu Financial Services Commission (VFSC), and that the VFSC is, in fact, a robust regulator. I was directed to this VFSC Listing of Licensed Securities Dealers in Vanuatu. I was also told that CCM was established in 2012 to serve closed funds, not the retail market. CCM’s transition to retail forex apparently began in 2016, which is how that date has entered the conversation.
Now here’s where it gets interesting.
If you study the VFSC list of licensed securities dealers, you will notice that the dealers are listed in alphabetical order. And they are numbered 1 through 269. All very neat and tidy, except that number 94 is out of order. Number 94 is where number 42 should be in the alphabetical listing. And number 94 is Capital City Markets.
I’m guessing that Capital City Markets has been renamed, and that its former name was Fin______ (something-or-other), because number 94 belongs between 93-Finex Securities and 95-Fintech Securities in the alphabetical listing.
That looks like a different company. We’re trying to track down Capital City Markets Ltd. Your link is to Capital City Markets LLP, incorporated in Scotland, with limited partners in Seychelles. Here is their Certificate of Incorporation.
What do you think the odds might be that #94 was our old friend FinFX, before being renamed?
That thought crossed my mind when I saw your list. FinFx and Tallinex did have some sort of connection beyond just moving clients. As I recall, they shared some back end resources, etc.
I logged into the CCM client area/back office and it looks exactly like the Tallinex back office (same interface).
Your link is to an old PDF on the website. Your PDF is dated 1-10-2017. The numbering has been corrected on the file dated 3-8-17 at “List of Licensees” on the VFSC website. The missing “fin” name is “Finnovative Technology Limited”. There are now 345 licensees. Interesting thing is the pdf License Anniversity Date for Capital City Markets on one pdf is 16-Jan, and in the other it is 30-Aug.
Capital City Markets’ website was registered on 21-Nov-2017. Do a google “whois” search on capitalcitymarkets dot com.
Also, do a google search on their phone number. you will find other websites sharing that same number like peterscasino dot com.
Finally a whois ip search shows a registrant in Germany: look at ipaddress dot com for capitalcitymarkets dot com. I am not making any judgements, Just reporting “the facts ma’am, just the facts”.
As a new respondent I am not allowed to include URL links in my post.
Wait wait wait hold up here did you just call clint a ma’am on your first post to babypips? Dude you got balls of steel. Not very bright but but guess you got to start somewhere
Usually in the English language, when a phrase is put in quotes “”, it is being taken from somewhere else. There is no direct reference to Clint. The phrase “the facts ma’am, just the facts” is a parody of Dragnet. Goggle that and you will educate yourself.
You guys are good! – I want both of you on my [B]Due Diligence Strike Force[/B].
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[B][I]Trial,[/I][/B] welcome to the forum, and welcome to this thread! Thanks for the info you provided. Please stay around and contribute to this little offshore project of ours – we need people like you.
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[I][B]Ace,[/B][/I] your info on the CCM back-office is correct. I had it confirmed by another source that Tallinex coordinated with CCM to make their back-office functions mesh perfectly.
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[I][B]Bob,[/B][/I] my man, you need to spend more time watching syndicated reruns.
• I’m learning some things about East Assets Plc (which Moe referred to, in his post #4011).
You conspiracy theorists are going to be disappointed. More on that later.
• I have it on good authority that there is no affiliation between CCM and Tallinex. One is not the parent of the other; they are not subsidiaries of the same parent company; and they are not involved in any sort of partnership or joint venture.
Tallinex was looking to sell their U.S./Canadian retail book, and CCM was looking to buy. They worked together to do the deal. Beyond that, they are not linked to each other.
• I still need more definitive information on CCM spreads.
I’m looking for [I][U]average spreads[/U] for EUR/USD and GBP/JPY in the CCM [U]micro account[/U].[/I]
• I need to update the links in post #7, and add CCM to that listing.
Alrighty! Haven’t seen that much reviews about TradeWiseFx, so I’m gonna write one.
So far so good, the spreads are around 3-8 for EUR/USD, GBP/USD, USD/JPY and AUD/USD any other pairs it will be around 10-30, the commission seems fair, and their swap is fair too. Gold spreads can be anywhere from 10-18.
The execution is fast.
Depositing takes a little while, I tried OKpay via BitCoin and it took a day for me to have my account funded, but I am currently testing Skrill for deposits; I’ll see how that goes.
Their main page once you sign in doesn’t show your MT4 ID or how much capital you have.
Customer support is fast.
If you guys have anymore questions just let me know.
Just off of chat with ACM or ACM-US (Advanced Currency Markets) they DO NOT accept US clients. I received the same Tallinex, screw you US clients, email so I’m looking for another broker too.
If you’re making good money trading and can afford the annual fees, is setting up an offshore IBC/LLC managed by a US entity/resident an option to access a wider range of offshore brokers?
Maybe it is time to either start a new thread or discuss it here about companies that help you set up offshore CORP or LLC. I have been looking at this company https://www.offshorecompany.com. Anybody knows any other ones. I heard it costs between $2000-$5000 to start it, and about $2000-$3000 annual fee to maintain it.
I am really getting sick of this, and it looks like its getting worse every year. For now, I am letting Tallinex to transfer my accounts to CCM.
I suggest we remove [B]Real Forex[/B] (Belize) from Group 1 of our List, for the following reasons:
B[/B] if you visit this broker’s current WEBSITE, you will not be able to find ANY of the information that we normally gather and list for each broker in Group 1 – and you will not be able to [I]confirm[/I] ANY of the information [I]currently[/I] listed for Real Forex (which we gathered and posted years ago).
B[/B] Finocorp, the company which originally was (and may still be) the parent of Real Forex, has been blacklisted by The International Financial Services Commission (the Belize regulator) – FINOCORP LTD. | International Financial Services Commission
B[/B] apparently no member of this thread has ever traded with Real Forex, or expressed any interest in Real Forex, in the 5 years that we have listed them in Group 1; in post #7, where we link to comments posted in this thread on the various brokers in Group 1, there are no links (no comments) to Real Forex.
If anyone can make a case for [I]keeping[/I] Real Forex in Group 1 of the Offshore Broker List, please post your comments here.
And comments in support of [I]removing[/I] Real Forex from the List can be posted here, as well.
Before taking any action, I will wait a week to hear from thread members regarding this suggestion.
I have zero hope that the Trump administration will be able to reverse the CFTC/IRS/Treasury agenda. Tallinex caved, so who knows if Fxchoice or Trader’s Way will remain available options this time next year.
I know someone who has used the company apintertrust.com for asset protection purposes. I’m considering going the offshore entity route if it would allow access to larger European/Canadian brokers as well as others (ex. Tallinex) that are currently off limits…
Setup…
$900 LLC/IBC
$150 Apostille Legalization
$650 Bank introduction
Annual…
$690 Renewal
$350 Vitual office
$170 bank annual fees
Well if any beneficiary is a U.S. person in theory you’re right back to where you started. And trying to conceal that could have consequences. And finally it goes without saying that one would definitely not be contemplating tax evasion, right? hyperscalper
TALLINEX didn’t cave to u.s. regulators they hook up with a regulated u.k. company call EAST ASSETS PLC so i think that had a lot to do with them letting there u.s. traders go.
