FCA Flags Capital Tech, Continues Crack Down on FX Scams
- Capital Tech Limited and its brand PBN Capital were named in the warning.

It’s not even lunchtime and a second regulator has updated its scam list this Thursday, as the Financial Conduct Authority (FCA) has published a warning on its website against Capital Tech Limited and its brand PBN Capital.
According to the warning, the regulator believes that Capital Tech Limited: “has been providing financial services or products in the UK without our authorisation… This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
The British watchdog provides the following details for the entity:
Address: Ajeltake Road, Ajeltake Island, Majuro Republic, Marshall Islands
Telephone: +41435500292
Email: support@pbncapital.com, contact@pbncapital.com
Website: https://pbncapital.com
“We work with both retail and institutional traders, ensuring one-of-a-kind service to our clients around the globe. We understand that for a Forex trader to succeed he needs to have low spreads and fast execution and that is what we focus on first and foremost,” the website states.
According to the website, users are able to trade the assets through the MetaTrader 4 platform, which is available via mobile, desktop, web and for Mac OS devices.
FCA and CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. Read this Term Continue to Look Out for FX Scams
One interesting detail is that when calling the number provided, you are directed to a voicemail for Capital Tech. This is the same voicemail you are directed to when trying to get in contact with Go Capital FX (gocapitalfx.com).
Earlier today, as Finance Magnates reported, the Cyprus Securities and Exchange Commission (CySEC) has posted a warning on its website, against the alleged FX and CFD trading provider.
It is not clear if and how the entities are linked. Finance Magnates has reached out for comment from both Go Capital FX and PBN Capital/Capital Tech, but as of the time of publishing, we have not yet received a response.
It’s not even lunchtime and a second regulator has updated its scam list this Thursday, as the Financial Conduct Authority (FCA) has published a warning on its website against Capital Tech Limited and its brand PBN Capital.
According to the warning, the regulator believes that Capital Tech Limited: “has been providing financial services or products in the UK without our authorisation… This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
The British watchdog provides the following details for the entity:
Address: Ajeltake Road, Ajeltake Island, Majuro Republic, Marshall Islands
Telephone: +41435500292
Email: support@pbncapital.com, contact@pbncapital.com
Website: https://pbncapital.com
“We work with both retail and institutional traders, ensuring one-of-a-kind service to our clients around the globe. We understand that for a Forex trader to succeed he needs to have low spreads and fast execution and that is what we focus on first and foremost,” the website states.
According to the website, users are able to trade the assets through the MetaTrader 4 platform, which is available via mobile, desktop, web and for Mac OS devices.
FCA and CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC’s Role in Combatting Market AbuseOne of CySEC’s most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. Read this Term Continue to Look Out for FX Scams
One interesting detail is that when calling the number provided, you are directed to a voicemail for Capital Tech. This is the same voicemail you are directed to when trying to get in contact with Go Capital FX (gocapitalfx.com).
Earlier today, as Finance Magnates reported, the Cyprus Securities and Exchange Commission (CySEC) has posted a warning on its website, against the alleged FX and CFD trading provider.
It is not clear if and how the entities are linked. Finance Magnates has reached out for comment from both Go Capital FX and PBN Capital/Capital Tech, but as of the time of publishing, we have not yet received a response.