The South Africa Financial Sector Conduct Authority (FSCA) issued a public warning urging caution when dealing with individuals using www.verbocapitalmarket.com and www.verbo-fx.com who claim to be associated with Verbo Capital (Pty) Ltd, an authorised financial services provider (FSP number 54076). The FSCA was alerted that the websites are being used to solicit investments from the public, including offers of high returns. Verbo Capital confirmed it is not connected to the operators of these websites and does not use them to conduct business, while the individuals behind the sites did not respond to FSCA queries. The FSCA also warned consumers to be wary of unsolicited or social media-based investment or trading approaches and highlighted common red flags including unrealistic returns, upfront fees, demands for additional payments to access returns, paid “training” requirements, pressure to act urgently, and vague product information, and it advised checking a provider’s authorisation status and FSP number via official FSCA registers and channels.
South Africa Financial Sector Conduct Authority 2025-10-17
South Africa Financial Sector Conduct Authority warns of impersonators using verbocapitalmarket.com and verbo-fx.com to solicit investments in Verbo Capital’s name
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against individuals using www.verbocapitalmarket.com and www.verbo-fx.com, falsely claiming association with Verbo Capital (Pty) Ltd. The FSCA highlighted red flags such as unrealistic returns and urged consumers to verify a provider's authorisation status through official FSCA channels. Verbo Capital confirmed no connection to these websites.