Based on all available evidence, the FPA has determined that Capital One Forex is a Scam. CapitalOneForex is hereby blacklisted by the Forex Peace Army. We recommend against placing any money with this broker. If you have an account with Capital One Forex, we recommend you try to withdraw all of your funds immediately.
For more details, CLICK HERE and read about why the FPA took this step.
2013-10-04: Multiple people have been leaving reviews and immediately writing in asking the FPA to approve the reviews. We consider this to be an unlikely coincidence. It appears that someone at CapitalOneForex is instructing people to send these messages. Reviews may take up to 5 business days to pass through the review moderation queue. The amount of time wasted answering emails like this from people who don't read THIS LINK on the Contact Us form slows down the entire review moderation process.
October-December 2013: A large number of fake and highly suspicious reviews have been submitted for CapitalOneForex. This is another reason for exercising caution with this company.
December 2013: Jason Beool of CapitalOneForex publicly posted private client data, including email addresses and Netteller money transfer amounts in the FPA's forums. Based on this, the FPA now strongly recommends AGAINST DOING BUSINESS WITH CAPITAL ONE FOREX.
June 23, 2014: The United Kingdom Financial Conduct Authority has issued a warning against Capital One Forex. CLICK HERE to verify.
July 2014: A number of the six Guilty cases has been resolved. The FPA hopes that this may lead to the Scam Finding being resolved. UPDATE: Capital One Forex stopped replying to all FPA contacts. Many more complaints have come in. The FPA is now certain that CapitalOneForex has no intention of paying money owed to to traders.
January 2015: More fake and highly suspicious positive reviews submitted. At least some of these seem to be tied to a bonus which requires submitting a review.