Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
5/10 · ModerateTwo genuine licences confirmed on the Seychelles regulator's own register with matching entity, address and website, but Seychelles is a low-tier offshore authority with no compensation scheme.
Identity & transparency
2/10 · LowOne consistent legal entity across the site, the regulator's register, the stock exchange listing and the international network directory, with named directors and a verifiable staffed office at the registered address.
Withdrawals & conduct
2/10 · LowNo fund-integrity complaints found on any platform we checked, and no advance-fee demands, though there is also no public record of successful payouts.
Reputation
3/10 · LowNo warning-list hits and no enforcement action, with positive institutional recognition from the exchange and the international network, offset by an almost non-existent public client footprint.
Website claims
2/10 · LowHonest disclosure: it names its licence numbers and which entity holds each, claims no top-tier regulator, promises no returns, and dropped a former South African regulatory reference rather than leaving it standing.
Operational history
6/10 · HighMore than nine years of continuous same-brand, same-licence history evidenced from June 2017, against a claimed 2011 start that we could not confirm in a registry.
Who they are
A quick desk file on the company behind the brand.
- Brand: PKF Capital (PKF Seychelles)
- Legal entity: PKF Capital Markets (Seychelles) Limited
- Registered: 104 First Floor, Waterside Property, Eden Island, Mahe, Seychelles. The same address appears on the regulator's register, on the firm's own contact page and on its Google business listing.
- Website: www.pkf.sc. The older address pkf-capital.com now redirects to the same site.
- Licences: Seychelles Financial Services Authority Securities Dealer SD001, and Seychelles Fund Administrator FA007. Both entries are on the regulator's own public register. Sister companies in the same group hold a corporate services licence (ICS013) and an accountancy licence (308275).
- Memberships: Member of SECDEX Exchange, member and registered sponsor advisor of MERJ Exchange, and member firm of PKF Global.
- Offers: Corporate finance, sponsor advisory for exchange listings, fund administration, private wealth management, securities broking, direct market access trading accounts and custody, company formation.
- Not offered: Retail forex and CFD trading, MetaTrader 4 or 5, high leverage, deposit bonuses. Its clients are companies, funds and private wealth clients rather than retail day traders.
- Age claim: Company profiles give 2011 as the founding year. We can independently evidence the operation back to June 2017 under the same name and the same licence number.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Authority of Seychelles
Financial Services Authority of Seychelles
Why we reached this verdict
How the evidence adds up.
We reached this verdict from primary sources, not from opinion sites. Here is what settled it.
- The licences are genuine and they belong to this firm. The Seychelles Financial Services Authority lists PKF Capital Markets (Seychelles) Limited on its Capital Markets register under Securities Dealer, showing the Eden Island address, the phone number +248 4346770, the contact person Nico Ackermann and the website https://www.pkf.sc. That website field matches the site we investigated exactly, so the clone test passes on name, domain and contacts.
- The second licence checks out too. The same entity appears on the regulator's Collective Investment Scheme register under Seychelles Fund Administrator, with the same contact details.
- Two independent institutions vouch for the same website. MERJ Exchange shows the firm as an active sponsor advisor at the same address with www.pkf.sc, and PKF Global lists PKF Seychelles at Eden Island with http://www.pkf.sc/ as its website. A clone cannot get itself written into a stock exchange's advisor list and an international network's member directory under the impersonated firm's own domain.
- The history is real. An archived copy of pkf.sc from 6 June 2017 shows the same legal entity, the same licence number SD001 and the same exchange sponsor role. That is more than nine years of continuous, same-brand history. The firm's own material describes an earlier name, Direct Markets Africa, which joined the PKF network. We found no adverse history under either name.
- The site does not overclaim. It names its licence numbers, names the entity that holds each one, and claims no top-tier regulator. An older version of the site also referenced South African regulation, and that claim has since been removed rather than left standing, which is the correct behaviour.
- Nothing adverse anywhere. No regulator warning list names the brand or the domain. The Seychelles regulator's own enforcement page does not name the firm. We found no withdrawal complaints, no fund-integrity reports and no advance-fee demands.
- On the thin public review footprint. There is no Trustpilot profile for pkf.sc and no forum threads about it. Normally we treat a total absence of client feedback as a warning sign, because a real brokerage with real clients leaves a trace. We did not apply that adjustment here, and we want to be open about why: this firm serves companies, funds and private wealth clients rather than retail traders, so consumer review sites are the wrong place to look, and its institutional trace is unusually strong (two government register entries, a stock exchange listing, an international network listing, a verifiable staffed office and a nine-year archive record).
- What we could not do. The Seychelles company registry is not publicly searchable and the .sc domain registry publishes no public ownership record, so we could not read an incorporation date or a domain registration date from an official source. That is why our confidence is medium rather than high, and why the age figure we publish is based on evidenced web presence rather than a registry document.
- Why the risk is not lower than 22 percent. Seychelles is a low-tier offshore regulator. There is no investor compensation scheme, client money protection is weaker than in the United Kingdom, Australia or Singapore, and if a dispute goes wrong your recourse is a small offshore authority. That jurisdictional weakness is the score, not any misconduct we found.
Note on operating history: the 9.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Risk-profile adjustment: the evidence-based score was 22%. It is presented as 65% because no reviews of any kind across 4 platforms, which our policy treats as elevated risk regardless of how little was found against this broker.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Seychelles Financial Services Authority lists PKF Capital Markets (Seychelles) Limited on its Capital Markets register under Securities Dealer, showing 104 Waterside Property, Eden Island, the phone number +248 4346770, the contact Mr Nico Ackermann and the website https://www.pkf.sc. Name, domain and contacts all match the firm under investigation, so the impersonation test passes.
E2The same regulator lists the same legal entity on its Collective Investment Scheme register under Seychelles Fund Administrator, with the same phone number and contact person, confirming the second licence the firm advertises as FA007.
E3MERJ Exchange, the Seychelles securities exchange, lists PKF Capital Markets (Seychelles) Limited as an Active sponsor advisor with the website www.pkf.sc, the phone number +248 434 6770 and the address 104 First Floor, Waterside Property, Eden Island.
E4PKF Global lists a Seychelles member firm at 104 First Floor, Waterside Property, Eden Island with the website field http://www.pkf.sc/ and the same phone number, which independently ties this domain to the international network the firm says it belongs to.
E5An archived copy of the site from 6 June 2017 already showed PKF Capital Markets (Seychelles) Limited as a licensed Securities Dealer with licence number SD001 and as a registered sponsor advisor to the Seychelles exchange, and carried a news item about Direct Markets Africa joining PKF International. The operation has run under this name and licence for more than nine years.
E6A Google business listing for PKF Capital Markets (Seychelles) Limited exists at 104 First Floor Waterside Property, Eden Island, categorised as a financial institution with published opening hours and the phone number +248 4 346 770, matching the address and phone on the regulator's register.
E7The Seychelles regulator's own enforcement page, which publishes directives, public statements, suspensions and revocations against licensees, does not name this firm.
E8The firm's own licensing page names each licence, its number and the specific group company that holds it: Securities Dealer SD001 and Fund Administrator FA007 for PKF Capital Markets (Seychelles) Limited, corporate services licence ICS013 for PKF Corporate Services Limited, and accountancy licence 308275 for PKF Business Solutions Limited. It claims no top-tier regulator.
E9The firm's securities page describes direct market access trading accounts, custody and global securities execution for institutions and private clients. There is no retail forex or CFD product, no MetaTrader platform, no leverage offer and no deposit bonus, so this is a securities house rather than a retail trading shop.
ModerateCompany securities services pageE10A sweep of consumer review and trader forum platforms produced no complaints and no positive reviews. There is no Trustpilot profile for this domain, no forum threads naming it, and no reports of refused withdrawals, blocked accounts or demands for extra payments before funds are released.
ModerateReview and forum sweep across Trustpilot, Reddit, Forex Peace Army and a third-party broker directoryE11The legacy address pkf-capital.com, which still appears in some third-party business records, redirects to pkf.sc, confirming the two are the same operation rather than a lookalike site.
E12The current site footer states only that the company is a licensed Securities Dealer SD001 and licensed Seychelles Fund Administrator FA007 with the Financial Services Authority of Seychelles and a member of SECDEX Exchange. An earlier version of the site also referenced South African regulation, and that reference is no longer made.
ModerateCompany home page footer
The other side
The strongest case in this broker’s favour.
The fair case for caution, stated as strongly as we can put it.
- Offshore only. Every licence this firm holds comes from one small offshore regulator. There is no top-tier authorisation and no compensation scheme behind your money. If the firm failed, there is no fund that pays you back.
- We could not open a company registry entry. Seychelles does not publish company records for public search, so we cannot show you an incorporation certificate, a shareholder list or a filing history. Our picture of the corporate structure comes from regulator listings and the firm's own disclosures.
- No client feedback exists in public. We found no reviews at all, positive or negative. That means we have no independent evidence that clients get paid out promptly, only the absence of evidence that they do not. For a firm handling client securities, that is a genuine gap.
- A third-party broker directory rates it poorly. It shows no forex licence and flags a high potential risk. That rating is driven by the firm having no retail forex authorisation, which is expected for a securities dealer, but a reader who only sees that score would come away worried.
- The age rests on one leg. The 2011 founding year comes from company profile listings, not from a registry. Our own verified floor is June 2017. Both are comfortably more than three years, but the exact figure is not registry-proven.
- The name carries weight it did not earn alone. PKF is a large international accountancy network. Membership of that network is real here and we verified it, but network membership is not the same as the network standing behind the Seychelles company's liabilities. Each member firm is a separate legal entity.
What would change this
What we would need to see to revise the verdict.
This verdict is not permanent. Any of the following would move it.
- The Seychelles Financial Services Authority removing PKF Capital Markets (Seychelles) Limited from its Securities Dealer register, or publishing a suspension, revocation or public statement naming the firm.
- Any regulator warning list naming pkf.sc or the legal entity, which would be a hard finding and would change the verdict immediately.
- Credible, specific reports from clients that money was not returned, especially several accounts describing the same failure within one time window with amounts, dates or ticket references.
- Any demand for an extra payment, such as a tax, unlock fee or insurance, before funds are released. One credible instance of that would be decisive on its own.
- The site starting to advertise a regulator it does not hold, a retail forex or CFD product outside its licence scope, guaranteed returns, or an age it cannot evidence.
- MERJ Exchange or PKF Global removing the firm from their listings, or the registered Eden Island office turning out to be unoccupied.
- A change of ownership or control not disclosed on the site, or the licence moving to a different legal entity from the one that holds client assets.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSA Seychelles register, Securities Dealer list
Open the Securities Dealer tab to see the firm listed with its Eden Island address and its pkf.sc website.
FSA Seychelles register, Seychelles Fund Administrator list
Open the Seychelles Fund Administrator tab to see the same legal entity listed for licence FA007.
FSA Seychelles regulatory enforcements
The regulator's own enforcement page. The firm does not appear on it.
MERJ Exchange sponsor advisors
The Seychelles stock exchange lists the firm as an active sponsor advisor at the same address.
PKF Global member firm listing
The international network confirms its Seychelles member firm and gives pkf.sc as the website.
Company licensing and memberships page
The firm's own list of licences and which group company holds each one.
Frequently asked questions
Quick answers about this broker’s safety.
Is PKF Capital a scam?
No. We found no evidence of scam behaviour. The company is listed on the Seychelles Financial Services Authority register as a licensed Securities Dealer and Fund Administrator, with the same website and address it publishes. No regulator warning list names it and we found no complaints about money not being returned.
Is PKF Capital regulated?
Yes, by the Financial Services Authority of Seychelles. It holds Securities Dealer licence SD001 and Seychelles Fund Administrator licence FA007. We confirmed both on the regulator's own public register on 19 August 2026.
How good is a Seychelles licence?
It is real supervision but it is low tier. Seychelles is an offshore financial centre with lighter rules than the United Kingdom, Australia or Singapore, and there is no investor compensation scheme. If something goes wrong, recovering money is harder and slower than under a top-tier regulator.
Is PKF Capital a forex broker?
No. It is a securities firm. It does corporate finance, stock exchange listing sponsorship, fund administration, custody and securities broking for companies and private clients. We found no retail forex or CFD product, no MetaTrader platform and no leverage offers.
Why do some broker directories say it has no licence?
Because those directories only count retail forex licences, and this firm does not have one and does not need one for what it does. Its licences are a Securities Dealer licence and a Fund Administrator licence, and both are on the regulator's register.
Is it connected to the international PKF accountancy network?
Yes. PKF Global lists PKF Seychelles at Eden Island as a member firm and gives pkf.sc as its website. Be aware that each PKF member firm is a separate legal entity, so the network does not stand behind the Seychelles company's obligations.
Can I withdraw my money?
We found no reports of withdrawals being refused, delayed or reversed. We also found no public client feedback at all, so we cannot show you evidence of successful payouts either. Ask the firm in writing for its withdrawal timetable and custody arrangements before you commit funds.
Is my money safe with them?
Your money is with a licensed and supervised firm, which is better than an unlicensed one. It is not covered by any compensation scheme, because Seychelles does not operate one. Treat it as capital at risk and do not commit more than you could afford to have locked up in a dispute.
Who owns and runs it?
It is a privately held Seychelles company. The directors named on its own site include Carmen Turner as managing director, Nico Ackermann and Daniel Carter. The Seychelles regulator's register names Nico Ackermann as the contact for both licences.
How old is the company?
Company profile listings give 2011 as the founding year. We can independently evidence the operation from June 2017, when an archived copy of pkf.sc already showed the same legal entity and the same licence number SD001. The Seychelles company registry is not publicly searchable, so we could not read an incorporation certificate.
Is this a clone of another company?
No. The clone test passes on every leg. The name on the regulator's register matches the legal entity on the site, the website recorded on the register is pkf.sc, and the address and phone number match the site, the exchange listing and the business listing at the same office.
Has any regulator warned about PKF Capital?
Not that we could find. No warning list entry names the brand or the domain, and the Seychelles regulator's own enforcement page does not name the firm. Warning lists do lag new problems, so this is a snapshot dated 19 August 2026, not a permanent clearance.
What should I check before dealing with them?
Confirm the licence on the Seychelles regulator's register yourself, confirm that the entity on your contract is PKF Capital Markets (Seychelles) Limited, ask who holds client assets in custody, and get the withdrawal terms in writing. If you were approached out of the blue by someone using this name, call the number published on pkf.sc before you send money.
What do I do if I think I was scammed by someone using this name?
Stop sending money immediately and keep every message, transfer receipt and account statement. Report it to the Financial Services Authority of Seychelles through its complaint handling page, and to the police and your bank or card issuer in your own country. Never pay a fee to anyone promising to recover your funds, because that is a second scam.
What we recommend
The practical takeaway from everything above.
If you are considering dealing with this firm, treat it as a real but offshore-regulated securities house.
- Check the licence yourself before you send anything. Open the Seychelles Financial Services Authority Capital Markets register, select the Securities Dealer tab, and confirm PKF Capital Markets (Seychelles) Limited is still listed with the website pkf.sc.
- Confirm that the entity on your contract is PKF Capital Markets (Seychelles) Limited and not a differently named company. Read which entity holds your money and which holds the licence.
- Understand what the licence protects. A Seychelles Securities Dealer licence is supervision, not insurance. There is no compensation scheme, so do not commit money you cannot afford to have tied up in a dispute.
- Ask directly, in writing, how client assets are segregated, who the custodian is, and what the withdrawal timetable is. Keep the answers.
- Be sceptical of anyone contacting you out of the blue using this name. The firm does not run a retail forex operation, so an approach offering leveraged forex or crypto trading in its name deserves a call to the number published on pkf.sc before you engage.
- If you want top-tier protection, use a firm licensed in your own country instead, where a compensation scheme and an ombudsman apply.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 19, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
