FXCG

FXCG, legally named Capstone Global Markets LLC, is a forex and gold broker that began operations on 30 March 2023. The company is registered in Saint Vincent and the Grenadines, with its registered address at The Financial Services Centre, Stoney Ground, Kingstown. Its official website is cleverace.com.

Our records show that FXCG holds a Derivatives Trading License (EP) with the Cayman Islands Monetary Authority (CIMA), licence number 1587670. However, the status of this licence is listed as '—' in our files, meaning we cannot confirm whether it is currently active or in good standing. The broker reports no employees on file, which is notable for a firm presenting itself as a trading venue.

FXCG is registered in Saint Vincent and the Grenadines, an offshore jurisdiction known for light regulatory oversight. While it holds a CIMA licence in the Cayman Islands, the licence number is not published in our records beyond what is listed above, and its status remains unverified. This combination of an offshore registration and an unconfirmed licence status raises questions about the level of investor protection available.

Industry databases have flagged FXCG as a 'Fake Broker' and identified it as a clone or impersonator firm. These flags are serious and suggest that the entity may not be operating with the transparency expected of a legitimate broker. We also found no verifiable website or social-media presence beyond the official domain, which adds to the uncertainty.

FXCG offers two main account types. The first is the '0 commission standard' account, which requires a minimum deposit of $100 and offers maximum leverage of 1:1000. The minimum spread for Euro/USD is as low as 1.2 pips, and for gold it is as low as 0.20. The second is the 'ECN Blade' account, with a lower minimum deposit of $50, the same maximum leverage of 1:1000, and tighter spreads: Euro/USD as low as 0.0 pips and gold as low as 0.05. Both accounts cover all foreign exchange products and gold.

These account types are typical of retail forex brokers, with the ECN Blade aimed at traders seeking raw spreads and the standard account offering a more conventional structure. However, we note that commission details are not disclosed in our records, and the actual trading conditions may vary. The high leverage of up to 1:1000 is aggressive and carries significant risk, especially for inexperienced traders.

FXCG's product range is limited to all foreign exchange products and gold. This is a narrow offering compared to many brokers that also provide indices, commodities, cryptocurrencies, or equities. The focus on forex and gold suggests a specialised approach, but it also means traders looking for diversification would need to look elsewhere.

The broker does not disclose its deposit or withdrawal methods in our records, which is a significant gap in transparency. Without clear information on how traders can fund their accounts or withdraw profits, it is difficult to assess the operational reliability of the platform. We recommend that any potential client seek this information directly from the broker before committing funds.

FXCanary's Scam Risk Score for FXCG is 85 out of 100, which is classified as 'Severe'. This score is driven by multiple risk flags: the broker is listed as a 'Fake Broker' in industry watchdog records, identified as a clone or impersonator firm, registered in an offshore jurisdiction with light oversight, and has no verifiable website or social-media presence. These factors combine to create a high-risk profile.

Given these risks, FXCG is not suitable for most retail traders, particularly those who are new to forex trading or who prioritise regulatory protection. The lack of verifiable information and the serious flags raised by industry databases mean that any engagement with this broker carries substantial risk. We advise extreme caution and recommend that traders consider well-regulated alternatives with a proven track record.

Our review found that independent public information about FXCG is extremely limited. The broker's own website, cleverace.com, is the primary source of information, but we could not verify its claims through independent channels. The absence of user reviews, third-party audits, or regulatory confirmations makes it difficult to build a complete picture.

We cross-checked the CIMA licence against public registers, but the status remains unclear. This lack of transparency is itself a red flag. For a broker that has been operating for less than two years, a clear regulatory footprint and verifiable operational history are essential. In FXCanary's assessment, the absence of such evidence is a caution sign for any trader considering this platform.

FXCG presents itself as a retail forex and gold broker with two account types and high leverage, but its offshore registration, unconfirmed licence status, and severe risk flags make it a high-risk choice. The broker's narrow product range and undisclosed funding methods further complicate its appeal.

For traders, the key takeaway is that FXCG does not offer the level of safety and transparency expected from a reputable broker. We strongly recommend avoiding this platform until it can provide verifiable regulatory status and a clear operational track record. The forex market is already risky; trading with an unverified broker amplifies that risk exponentially.