Verbo Capital (Pty) Ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". We have received reports of verbo-fx.com and verbofx.com operating a cryptocurrency trading scam.
A New Zealand resident was befriended on Facebook and subsequently contacted via WhatsApp, where they were referred to the trading app VerboCapital-live.
This app appears to fabricate trading p... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I requested my data from Verbo Capital (Pty) Ltd under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Easy to use platform|Transparent fees|High security standards|Helpful community forum
Cons: Website design could be more modern
I want to warn everyone about Verbo Capital (Pty) Ltd. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
For anyone considering Verbo Capital (Pty) Ltd, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Several red flags with Verbo Capital (Pty) Ltd: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
I invested $2,000 with Verbo Capital (Pty) Ltd after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Cons: No regulatory oversight|Money disappeared|Fake testimonials