A contemporaneous trading-platform review recorded four account tiers at procapitalfx.com. Italy’s CONSOB independently confirmed the site formed part of an unauthorised investment-services offer. The commercial figures come from the reviewer, while the authorisation finding comes from the regulator.
What the Four Account Tiers Promised
A February 2019 ForexBrokerz review listed Standard at $250, Classic at $5,000 and Gold at $40,000. Its Premium row displayed 100,000 without an explicit currency symbol. It reported maximum leverage of 1:500 for all four tiers. These figures describe the reviewer’s historical comparison.
Historical procapitalfx.com Account Comparison
| Record | Detail | Interpretation |
|---|---|---|
| Standard | $250 | Maximum reported leverage 1:500. |
| Classic | $5,000 | Same reported leverage limit. |
| Gold | $40,000 | No tier-specific live spread verified. |
| Premium | 100,000 | Currency symbol absent from this row of the review. |
A Demo Spread Is Not a Live Trading Cost
The reviewer described testing a MetaTrader 4 demo and observing a EUR/USD spread around 0.1 pips, without commission in that test. It also said the website did not announce spreads. A demo quote does not settle the price, commission or slippage a funded customer would have experienced.
ForexBrokerz Contemporary Account Comparison
What CONSOB Confirmed About procapitalfx.com
Resolution 20806 records a registration process available in Italian, funded trading accounts, and tiers differentiated by minimum deposits and benefits. It includes procapitalfx.com in a February 6, 2019 cease order. The resolution supplies no tier-specific amounts, leverage figures or verified customer returns.
The Name in the Terms and the Name in the Summary
The decision records Game Capital Ads Limited as the name used in the sites’ footers and terms, with a claimed seat in Saint Vincent and the Grenadines. The later summary table shortens the name to Game Capital Ltd. An official incorporation extract establishing that these spellings identify one legal person was not obtained.
CONSOB Resolution 20806 · CONSOB Summary of January and February Measures
Tracing the Legal Site Today
Direct HTTP and HTTPS requests to procapitalfx.com did not resolve. The Verisign lookup returned no current record. The dated review remains evidence of the reviewer’s observations, while the current website could not supply a signed agreement, payout conditions or information about later ownership.
Domain Registry Lookup · ForexBrokerz Contemporary Account Comparison
Limits of the Demo Test
The contemporary reviewer observed software and demo pricing. No executed live trade, customer statement, withdrawal refusal or audited return was available for comparison.
Where the Four procapitalfx.com Account Tiers Came From
The commercial review preserves account labels that the official finding does not independently authenticate. Cite the review for the advertised tiers and CONSOB for its finding about the offer. A customer’s dated agreement can establish which tier and conditions that person actually accepted.
The Jump From Classic to Gold
The reported Gold entry threshold was eight times the Classic threshold. Yet the review listed the same maximum leverage for both. Someone investigating an invitation to upgrade therefore has a specific question to ask of the paperwork. What additional service did the seller promise in return for that higher deposit? The comparison gives no reason to assume a higher leverage ceiling came with Gold. Nor can the spread observed in a demonstration account establish what a Gold customer paid. An upgrade email, a live trade confirmation and the associated account statement would allow the promised benefit, execution price and actual charge to be compared separately.
Why the Missing Currency Symbol Matters
The Premium figure is the one entry in the historical comparison that needs particular care when transcribing it. A reader might infer dollars from the preceding rows, but the Premium row itself gives only a number. In a customer dispute, that difference can be material. Check the invitation for a currency code and compare it with the currency actually debited. A transfer receipt can establish the amount paid by that customer. It cannot retrospectively supply the missing denomination for every Premium offer displayed in the review. Preserve any dated schedule of commissions with the account agreement. A demo quotation captures a price at one moment, whereas an agreed schedule may explain charges that appear only on the customer’s final funded account statement.
Frequently Asked Questions
Was 1:500 a Promised Return?
It was reported as maximum leverage. Leverage describes exposure relative to margin. It does not specify what an investor earns, whether principal is protected or when funds can be withdrawn.
Did CONSOB Verify the $250 Starting Deposit?
The order confirms tiers tied to minimum deposits but gives no amounts. The $250 figure comes from the Standard row of the contemporary review. A customer’s agreement would be needed to establish the conditions applied to that account.
Conclusion and Reporting Guidance
Italy’s order establishes the historical authorisation issue. Reported account thresholds are useful for matching an old offer, but live prices, withdrawal rights and continuity of ownership remain unresolved.
If a deposit was requested under one of these tier names, keep the offer showing the exact currency, amount, beneficiary and account agreement. A report can then distinguish advertised terms from an actual payment and from any subsequent withdrawal request.
Fake Broker / Unlicensed Platform · How to Report Financial Fraud