Home -
Exposure -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

The Mystery of City Credit Capital's Missing £10M: What You Need to Know

WikiFX | 2023-09-05 16:05

Abstract:City Credit Capital faces financial concerns with £10M missing. The link to a Malaysian firm raises questions. Stay updated on investor fund recoveries.

The Mystery of City Credit Capital's Missing £10M What You Need to Know (2).png

In a recent development from July, City Credit Capital (UK) Ltd., a CFDs broker approved by the FCA, is undergoing an administrative process. Disturbingly, approximately £10 million, belonging to their Professional Clients, seems to have vanished offshore, raising questions about its recovery.

Snapshot of the Issue

  • Who's Involved? City Credit Capital, managing the website cccapital.co.uk, and its associated brand CIX Markets (cixmarkets.com) were overseen by an American businessman, Alfred Tang.

  • Performance Decline: In the past few years, City Credit Capitals financial health has deteriorated. In 2021, they reported a significant loss of £3.8 million, despite having earned a £725K profit just four years earlier in 2017.

  • Funds Mismatch: Originally, it was believed that the company, along with CIX Markets, had £3.5 million of their clients' funds. Surprisingly, a report from Begbies Traynor, the administrative firm, indicates this figure might be substantially higher and is primarily missing.

FCA.png

The Malaysia Link

  • What happened? Most concerns stem from a company in Malaysia called CCC (Labuan) Limited, associated with Mr. Tang. This company is in financial trouble and owes City Credit Capital around £7.7 million. It's now apparent that a lot of the missing money had been funneled into this Malaysian entity.

  • The Pressure Mounts: With CCC (Labuan) Limited's financial collapse, City Credit Capital couldn't repay its professional investors. This has led to significant demands from these investors for their money.

Current Financial Status

Begbies Traynor discovered nearly £1 million in the company's bank account. However, while the funds of everyday clients seem largely intact, a whopping £10 million from professional clients remains untraced. It's believed that this money was primarily channeled to the Malaysian company, CCC (Labuan) Limited.

CCC (1).png

While there's hope that regular clients will receive their dues, the recovery of the Professional Client funds remains uncertain. Notably, Ayers Alliance and Longchamp Absolute Return Unit Trust Fund are among the most significant professional investors awaiting their returns.

The administrators plan to update on their recovery efforts in the upcoming six months. It's crucial for investors to stay informed and updated on such matters to protect their interests.

For real-time updates on this and other financial stories, consider downloading the WikiFX App on your smartphone. Remember, staying informed is the best defense against financial uncertainties.

Download link: https://www.wikifx.com/en/download.html

Footer-New-New.jpg
Forex newsBreaking NewsMarket NewsknowledgeBasic forex knowledgeForex tradingForex BrokerBrokerDealer

Related broker

Not Regulated
City Credit Capital
Company name:City Credit Capital (Chile) LTD
Score
1.53
Website:https://www.cccapital.cl
5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
1.53

Read more

Trader's Way Review: What You Need to Know About This Unregulated Broker

When looking at a forex broker, the most important question is always about safety and whether they can be trusted. This 2026 Trader's Way Review directly tackles this main concern. Our research shows that Trader's Way is a broker that operates without proper regulation from an offshore location. This immediately puts it in a high-risk category for any trader thinking about using its services. While we will examine the broker's advertised features, the main focus of this review is to look at the serious warnings and problems that users have reported. The evidence, including official warnings from financial authorities and many user complaints found on platforms such as WikiFX, shows a worrying picture. This review is designed to give you the important information you need to understand the risks before making any deposit.

Original 2026-04-14 14:26

HeroFX Deposit and Withdrawal: A 2026 Complete Guide to Payment Methods, Costs, and User Problems

If you are looking for information about Herofx Deposit and Herofx Withdrawal, you are asking the most important questions any trader should ask about a broker: "Can I invest, and more importantly, can I withdraw?" While HeroFX shows a modern website with different payment choices, these details are less important than a much bigger problem: the broker has no proper regulation at all. This fact, along with many negative reviews from users, creates a level of danger that cannot be ignored. This article is not just a simple "how-to" guide. It is a careful investigation designed to give you a clear view of HeroFX's claimed payment processes, compared directly with real experiences from users and facts about regulation. Our goal is to give you the information you need to understand the possible risks to your money before you make a deposit. Before moving forward with any broker, especially one with a low regulation score, checking its current status is a critical first step. We strongly

Original 2026-04-14 13:42

InteractiveBrokers Review: Are You Facing Withdrawal & Deposit Issues? You Must Read This!

InteractiveBrokers, a Hong Kong-based forex broker with over two decades in the trading space, has been facing ire from traders worldwide. Some allegations are just a week old from today, making it imperative for all of us at WikiFX to highlight them. Allegations primarily center on withdrawals and deposits, with some even criticizing the broker for its poor customer support service. So, if you are also among the affected ones or are willing to invest here, you must read this InteractiveBrokers review article. Here, we have examined these allegations against the forex broker.

Original 2026-04-13 21:31

Herofx User Reputation: Safe Broker or a Scam? An In-Depth Analysis of Trader Complaints

When traders ask, "Is Herofx safe or scam?", the available information points to a clear warning. After looking closely at its legal status, business history, and real user feedback, Herofx shows high risks for any investor. The biggest warning sign is its very low WikiFX score of 2.03 out of 10. This score isn't random; it's based on real data that shows major problems with licensing, business practices, and risk management. This low rating, along with a clear risk warning to "stay away," is a major red flag. It shows that the broker works outside the normal safety rules that protect traders' money. The rest of this analysis will break down the specific evidence behind this score, looking at the broker's lack of regulation, the repeated problems found in user complaints, and the conflicts that show up when comparing them to positive reviews. This breakdown will give you the information you need to make a smart decision about the safety of your funds.

Original 2026-04-13 18:04

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

WikiFX Broker

EC markets

EC markets

Regulated
HFM

HFM

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
ZFX

ZFX

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated
EC markets

EC markets

Regulated
HFM

HFM

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
ZFX

ZFX

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated

WikiFX Broker

EC markets

EC markets

Regulated
HFM

HFM

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
ZFX

ZFX

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated
EC markets

EC markets

Regulated
HFM

HFM

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
ZFX

ZFX

Regulated
FXTM

FXTM

Regulated
GTCFX

GTCFX

Regulated

Latest News

FXORO Review 2026: Is this Forex Broker Legit or a Scam?

WikiFX
2026-04-12 09:00

You Know What to Do. So Why Aren't You Doing It?

WikiFX
2026-04-12 09:00

Quotex Review 2026: Is this Forex Broker Legit or a Scam?

WikiFX
2026-04-13 16:25

FIBOGROUP Review 2026: Is this Forex Broker Legit or a Scam?

WikiFX
2026-04-13 15:46

Italy Blocks 12 More Unauthorized Investment Websites

WikiFX
2026-04-13 15:20

Crude Shock Drives Dollar Higher

WikiFX
2026-04-13 15:34

Physical Crude Decouples From Futures

WikiFX
2026-04-13 15:28

Herofx Regulation & License Status: A 2026 Deep Dive into the Risks

WikiFX
2026-04-13 15:14

Hormuz blockade could deepen worlds worst energy crisis — and risk a dangerous misstep

WikiFX
2026-04-13 14:32

Is The 5%ers a Safe Forex Broker? WikiFX Review

WikiFX
2026-04-13 12:11

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Horseforex

Horseforex

Polenergia

Polenergia

DECFX

DECFX

Coin Mining Hub

Coin Mining Hub

Oyi

Oyi

Digitaldailyreturn

Digitaldailyreturn

CapitalHub

CapitalHub

Platinum GlobalFx

Platinum GlobalFx

TREAL CAPITAL

TREAL CAPITAL

GTCFx

GTCFx