SW-Capitol

[Meerkat]

Hi all, does anyone know of a new company known as SW-Capitol, FSA No. 498939 'Appointed Representatives'.

Their site is down, but they have recently contacted me claiming to be a new trading company wishing to expand their client base.

Until the end of this month they are offering a 25% inducement, i.e. if I deposit £20000 they would add a further £5000 to the trading account that can be used in trades but not withdrawn as cash. There are a fewe conditions, but it still seem a bit to good to be true.

Some advice would be welcome.

 

[PualoP]

They're a white label of VDM GLOBAL MARKETS

Also, you know City Index are doing something similar City Index - Register Now And Earn Up To £5,000 Deposit Bonus

 

[Meerkat]

Thanks for the info,

They did tell me of their link to VDM GLOBAL MARKETS, said the're a new company and not allowed to hold client accounts themselves.

City index gave me a £100 deposit bonus when I first opened a £1000 account with them about a year ago. Not quite the 25% offered by SW-Capitol.

The problem I've got is there seems to be next to nothing about SW-Capitol on the internet. If they can be believed, they offer a very wide variety of services from spread betting to full advisory trading in equities, indexes, comodities, etc. at very competative rates.

I'm very uncertain, £20,000 is a lot of money to me.