Reported as a scam / unregulated
Why LotCapitals is on the register
LotCapitals claims to be owned by Contingent Financial Services (Pty) Ltd, a company licensed by South Africa’s Financial Sector Conduct Authority (FSCA) under license number FSP51149. While this entity does appear on the FSCA register as a licensed financial services provider, there are serious concerns. First, the FSCA registration does not list the authorized brand name or trading name of the licensed company, nor is the platform’s domain associated with the licensed entity, making it impossible to verify any legitimate link between the two. Second, the FSCA authorization granted to Contingent Financial Services (Pty) Ltd does not include retail forex trading. Yet, LotCapitals openly offers forex trading accounts to individual clients, which clearly exceeds the scope of its permitted activities. As a result, we consider LotCapitals to be a scam broker.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.