CapPlace Review: A Licence From a Body the Comoros Central Bank Calls Illegal
CapPlace is operated by Robertson Finance Inc., IBC HY00523519 in the Comoros, citing a MISA brokerage licence numbered T2023294. The Banque Centrale des Comores named MISA in a communiqué of 10 December 2025 as one of several bodies issuing offshore licences illegally, and has referred the matter to prosecutors. Trustpilot has made CapPlace's rating unavailable for a guidelines breach and removed fake reviews, with 80% of 40 reviews at one star. We score it 1.7 out of 10.
Quick facts
| Legal entity | Robertson Finance Inc. |
|---|---|
| Regulator | MISA (Mwali, Comoros) |
| Licence number | T2023294 (MISA) |
| Headquarters | Bonovo Road, Fomboni, Comoros |
| Maximum leverage | 1:200 |
| Platforms | WebTrader and mobile app |
| Instruments | CFDs on forex, commodities and cryptocurrencies |
| Segregated funds | No regulator requires it and none is evidenced |
| Website | capplace.comnot linked: see our verdict |
Why we rated it Scam
1. The licence comes from a body its own country says cannot issue licences
CapPlace discloses Robertson Finance Inc., IBC number HY00523519, registered in the Comoros Union at Bonovo Road, Fomboni, holding brokerage licence T2023294 from the Mwali International Services Authority.
On 10 December 2025 the Banque Centrale des Comores published a communiqué, carried on the Comoros Ministry of Finance site, on the illegal exercise of offshore banking activities. It names MISA directly, alongside the Anjouan Offshore Finance Authority and others, as structures issuing licences without authority. It states that licensing banks and financial establishments falls exclusively within the central bank’s remit and that all other structures are illegal. It records that the bank has already referred the matter to the public prosecutors of Moroni, Mutsamudu and Mohéli.
The legal basis is not obscure. Under Article 9 of the Union Constitution and Organic Law 05-003/AU, financial regulation is a Union competence, not something an individual island can grant itself. An IMF assessment in 2010 reached the same conclusion about offshore bodies created at island level.
So the practical position is this. CapPlace is not lightly regulated. It is not offshore-regulated. There is no supervisor with authority over it, no compensation scheme, no leverage cap, no ombudsman, and nobody who can compel it to return your money.
Source: Banque Centrale des Comores communiqué on the illegal exercise of offshore banking activities, published via the Comoros Ministry of Finance, 10 December 2025. CapPlace corporate disclosure, checked 2 September 2026.
2. Trustpilot pulled the score and removed fake reviews
CapPlace has 40 Trustpilot reviews, 80% of them one star, and the rating itself is unavailable following a breach of Trustpilot’s guidelines. Trustpilot states it has removed a number of fake reviews for the company.
That last part is the finding. A low score means unhappy customers. A removed score means someone tried to manufacture a better one.
Source: Trustpilot profile for capplace.com, checked 2 September 2026.
3. The complaint pattern is deposit pressure followed by blocked withdrawals
The recent reviews describe substantial losses, one reviewer putting the figure at 20,360 dollars, withdrawals that are blocked or severely restricted, and pressure to deposit further funds in order to recover losses or unfreeze an account. Support is described as unresponsive once the money is in.
We have verified no individual account and we assert nothing about any specific transaction. The repetition is what carries weight, and this particular sequence is the recognised signature of an operation that does not intend to release client funds.
4. CapPlace is one of a set of near-identical sites
CapPlace shares its registered address, Bonovo Road in Fomboni, with several other brokers we have examined. It shares the MISA licence format, the Silver, Gold and Platinum account tier structure, the 1:200 leverage headline, the payment logo set and near-identical restricted-jurisdiction wording with TradGrip, FirstECN, Axwel, BXB Markets and Airmarkets.
We are not asserting common ownership, because we have not established it and we will not imply what we cannot show. What we can say is that these sites are built to a shared template, and that a template is not a coincidence.
Who CapPlace will accept
CapPlace states it does not offer CFDs to residents of the United States, Canada, Russia, Iran, Iraq, Japan, North Korea or Myanmar. Note what is missing from that list: the United Kingdom and the European Union. A firm holding no UK or EU authorisation that is willing to onboard UK and EU residents is soliciting business in jurisdictions where it has no permission to do so. Retail clients there have no local regulator with jurisdiction and no route to the Financial Ombudsman Service or its national equivalents.
Deposits and withdrawals
CapPlace publishes no withdrawal processing time, no fee schedule, no minimum deposit and no spread table that we could find. In a firm with no supervisor, that absence is the whole story: there is no document setting out what it owes you and no authority to enforce one if there were.
If you already have money with CapPlace
We are not a recovery service and we take no fee from anyone who is.
- Put the withdrawal request in writing through the platform and keep a timestamped copy.
- Do not deposit more to release a withdrawal. No legitimate broker needs a new deposit before returning an existing balance, and here there is no regulator to appeal to afterwards.
- If you funded by card, contact your bank about a chargeback immediately. Card scheme time limits run in months from the transaction date.
- Record the exact entity name and payment descriptor from your statement.
- Report it to your own national regulator. It cannot recover your funds but it can add the firm to a public warning list, and MISA-licensed brokers are exactly what those lists exist for.
- Treat any inbound offer to recover your money for an upfront fee as a second fraud.
Questions traders ask
Is CapPlace regulated?
No, not in any sense we recognise. It cites a licence from the Mwali International Services Authority, which the Banque Centrale des Comores named on 10 December 2025 as one of several bodies issuing offshore licences illegally, stating that licensing is exclusively the central bank’s remit and that it has referred the matter to prosecutors. A MISA reference number is not a licence from a supervisor.
Can I withdraw money from CapPlace?
The public review record describes withdrawals being blocked or restricted, with pressure to deposit more before funds are released. CapPlace publishes no withdrawal terms. We could not verify individual accounts and we would not deposit on this evidence.
What happens to my money if CapPlace fails?
Nothing protects it. There is no compensation scheme, no segregation requirement, no named custodian bank and no supervisor with authority to intervene.
Sources
- Banque Centrale des Comores, communiqué on the illegal exercise of offshore banking activities, published via the Comoros Ministry of Finance, 10 December 2025: names MISA, asserts exclusive licensing competence, records referral to the public prosecutors of Moroni, Mutsamudu and Mohéli.
- capplace.com corporate disclosure: Robertson Finance Inc., IBC HY00523519, MISA licence T2023294, registered address, leverage and restricted jurisdictions. Checked 2 September 2026.
- Trustpilot profile for capplace.com: 40 reviews, 80% one star, rating unavailable due to a guidelines breach, fake reviews removed. Checked 2 September 2026.
- Article 9 of the Union Constitution of the Comoros and Organic Law 05-003/AU on the allocation of financial regulatory competence; IMF assessment of island-level offshore financial institutions, 2010.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.