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Face Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.face-forex.com/signup/index, about the company's legal and temporary regulatory information, the company's address RM 1302 13/F CHEONG K BUILDING 84-86 DES VOEUX ROAD CENTRAL HONGKONG.

Face Capital Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Face Forex Ltd
Abbreviation
Face Capital
Company employee
--
Customer Service Email Address
services@face-forex.com
Company Website
Company address
RM 1302 13/F CHEONG K BUILDING 84-86 DES VOEUX ROAD CENTRAL HONGKONG
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

  

Face Capital Forex Broker - Complete Information Guide

  

1. Broker Overview

  Face Capital, also known as Face Forex Limited, is an offshore forex broker that has garnered attention in the trading community. The company was established in 2021, although specific details regarding its inception are scarce. The broker claims to operate out of Hong Kong, but various sources indicate that it lacks proper registration in this jurisdiction, raising questions about its legitimacy.

  Face Capital operates as a private entity, focusing primarily on retail forex trading and offering services to individual traders. The company's target market includes both novice and experienced traders looking to engage in forex and CFD trading. Despite its claims, the broker has not demonstrated a significant presence or reputation in the competitive forex market.

  The development history of Face Capital is not well-documented, and it appears to lack any notable milestones or achievements since its inception. Furthermore, there is no information available regarding a parent company or group affiliation, which is often a red flag for potential investors.

  The business model of Face Capital is primarily centered around retail forex trading, providing access to various currency pairs and CFDs. However, the lack of transparency regarding its operations raises concerns about the safety of funds and the overall trading experience offered by this broker.

  

2. Regulation and Compliance Information

  Face Capital operates without any regulatory oversight, which is a significant concern for potential traders. The broker does not mention any affiliation with financial regulatory bodies, and there is no evidence of valid regulatory licenses. As a result, clients cannot be assured of the safety of their funds.

  • Main Regulatory Bodies: None
  • Regulatory License Numbers: Not applicable
  • License Validity and Scope: There are no licenses to validate.
  • Legal Entities in Different Regions: The broker claims to operate from Hong Kong, but it is not registered there.
  • Client Fund Segregation Policy: Face Capital does not offer segregated accounts, which means client funds may not be protected.
  • Investor Compensation Fund Participation: The broker does not participate in any investor compensation schemes.
  • KYC and AML Compliance Measures: There is no information available regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures.

  The absence of regulation and compliance measures significantly increases the risk associated with trading through Face Capital. This lack of oversight often leads to potential issues with fund withdrawals and the overall security of traders' investments.

  

3. Trading Products and Services

  Face Capital offers a limited range of trading products primarily focused on forex and CFDs.

  • Number of Forex Currency Pairs: The broker provides access to a selection of currency pairs, although the exact number is unclear.
  • CFD Product Categories: Clients can trade CFDs on indices, commodities, stocks, and cryptocurrencies, but specific offerings are not detailed.
  • Unique Products or Trading Instruments: There are no special products or unique trading instruments highlighted by Face Capital.
  • Product Update Frequency and New Additions: There is no information regarding how frequently products are updated or new offerings are introduced.
  • Retail Trading Services: Face Capital primarily serves retail clients, offering access to various trading instruments.
  • Institutional Client Services: There is no mention of services specifically tailored for institutional clients.
  • White Label Solutions: The broker does not appear to offer white label solutions.
  • Asset Management Services: There is no information available regarding any asset management services provided by Face Capital.

  Overall, the trading product offering from Face Capital seems limited and lacks the diversity that many traders seek in a broker.

  

4. Trading Platform and Technology

  Face Capital provides access to the MetaTrader 5 (MT5) trading platform, which is well-regarded for its advanced trading features and capabilities. However, details on the platform's implementation and user experience are limited.

  • MetaTrader 4/5 Support: The broker supports MetaTrader 5, which allows for automated trading and advanced charting tools.
  • Proprietary Platform Details: There is no information available about any proprietary trading platforms developed by Face Capital.
  • Web-Based Trading Platform: The specifics of a web-based trading platform are not mentioned.
  • Mobile Applications: There is no information regarding mobile application availability for iOS or Android devices.
  • Execution Model: Face Capital's execution model is not clearly defined, but it appears to operate as a market maker.
  • Server Location and Technical Infrastructure: The technical infrastructure and server locations are not disclosed, raising concerns about latency and execution speed.
  • API Access and Automated Trading Support: There is no information on API access or support for algorithmic trading.

  The lack of clarity regarding the trading platform's features and performance may deter potential traders from choosing Face Capital as their broker.

  

5. Account Types and Trading Conditions

  Face Capital offers a standard account type with several trading conditions that may not be competitive compared to other brokers.

  • Standard Account Conditions: The minimum deposit requirement is set at $1,000, which is relatively high compared to industry standards. The spread is approximately 3 pips, and there are no commissions mentioned.
  • Advanced Account Types: There is no information provided about advanced account types such as VIP or professional accounts.
  • Special Accounts: The availability of Islamic accounts or corporate accounts is not mentioned.
  • Demo Account Policy: There is no information regarding the availability of demo accounts for practice trading.
  • Leverage Ratio Range: The leverage offered by Face Capital is up to 1:200, which is considered high and may pose significant risks to retail traders.
  • Minimum Trade Size: Details on minimum trade sizes are not specified.
  • Overnight Fees Policy: Information regarding overnight fees or swap rates is not provided.

  Overall, the account types and trading conditions at Face Capital may not be appealing to traders looking for flexibility and competitive terms.

  

6. Fund Management

  Face Capital supports a limited range of deposit and withdrawal methods, which may affect the overall trading experience.

  • Supported Deposit Methods: The broker accepts deposits via credit cards and China Union Pay.
  • Minimum Deposit Requirements: The minimum deposit for opening an account is $1,000.
  • Deposit Processing Time: Specific details on deposit processing times are not available.
  • Deposit Fees: There is no information regarding any deposit fees associated with funding accounts.
  • Withdrawal Methods and Restrictions: Withdrawal methods are not clearly defined, and there may be restrictions in place.
  • Withdrawal Processing Time: The processing time for withdrawals is not specified.
  • Withdrawal Fee Structure: There is no information available regarding any withdrawal fees.

  The limited funding options and lack of transparency regarding fees may pose challenges for traders looking to manage their accounts effectively.

  

7. Customer Support and Educational Resources

  Face Capital offers limited customer support options, which may impact the overall user experience.

  • Support Channels: The broker provides support through email, but there is no mention of phone or live chat support.
  • Service Hours and Time Zone Coverage: Specific service hours and time zone coverage are not provided.
  • Multilingual Support: There is no information regarding the languages supported by customer service.
  • Educational Resource Types: The broker does not appear to offer substantial educational resources such as webinars, tutorials, or e-books.
  • Market Analysis Services: There is no mention of daily analysis, news updates, or research reports provided by Face Capital.
  • Trading Tools: The availability of trading tools such as calculators or signal services is not detailed.

  The lack of comprehensive customer support and educational resources may hinder traders, especially those new to the forex market.

  

8. Regional Coverage and Restrictions

  Face Capital claims to serve a global market, but specific details about its regional coverage are limited.

  • Primary Service Markets: The broker appears to target clients in various regions, but specific markets are not clearly defined.
  • Regional Office Distribution: There is no information on the presence of regional offices or local support.
  • Countries/Regions Excluded from Service: Certain countries may be restricted from using Face Capital's services, but specifics are not provided.
  • Special Restrictions: There are no additional restrictions mentioned that could affect traders in specific regions.

  The lack of clarity regarding regional coverage and potential restrictions may lead to uncertainty for prospective clients.

  In conclusion, while Face Capital presents itself as a forex broker, the lack of regulation, transparency, and comprehensive services raises significant concerns for potential traders. The information provided indicates that caution is warranted when considering this broker for trading activities.

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Face Capital Forex Broker has an overall rating of 1.48, Regulatory Index 0.00, License Index 0.00, Business Index 6.76, Software Index 4.00 Risk Control Index 0.00.
Face Capital