Abstract: This fraudulent entity later changed its name and became Returnfx.
In 2023, the most active scammer in India was Cappmorefx. WikiFX exposed this broker, wrote many articles against the broker we were getting complaints about, and helped victims to expose this particular broker. This fraudulent entity later changed its name and became Returnfx.
Recently, A Twitter account named Ohoo India posted about the founders of Cappmorefx, Ajay Arya and Saurav Chawla. The account claimed that they were active scammers who looted 10k and flew to Dubai. Regarding this claim, when we searched, we found many videos posted 6–8 months ago. Ajay Arya, who's the founder of Capmorefx, stated We are not looting people's money. Other fraudsters are sharing links and asking them to click on our behalf and so on.
There are numerous videos available on YouTube where victims are accusing Cappmorefx and its founder, Ajay Arya of swindling their hard-earned money. Whatever these swindlers claimed in their videos, it's been proven that Capmorefx is a scam and not a trustworthy broker. So, be alert and stay away from this dishonest broker.
Install the WiKiFX app or visit the website to get the latest news about the forex industry.