BANEX CAPITAL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://clientoffice.banexcapital.com/auth/signup, about the company's legal and temporary regulatory information, the company's address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet,Saint Lucia.
BANEX CAPITAL Forex Broker
Basic information
Saint Lucia
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
BANEX CAPITAL was registered in Saint Lucia in 2022 and is not regulated. It offers trading in Oil, Gold, Currencies, and CFDs with leverage up to 1:300 and spread from 40 pips on the Standard account via the MT5 platform.
Pros and Cons
| Pros | Cons |
| Demo accounts | No regulation |
| Multiple account types | Multiple communication channels |
| No commissions | High spreads |
| MT5 supported | Unclear minimum deposit |
| Popular payment options | Regional restrictions |
Is BANEX CAPITAL Legit?
No, BANEX CAPITAL is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on BANEX CAPITAL?
| Tradable Instruments | Supported |
| Oil | ✔ |
| Gold | ✔ |
| Currencies | ✔ |
| CFDs | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
|---|---|
| Standard | / |
| ECN | / |
| PRO | / |
Leverage
BANEX CAPITAL offers leverage up to 1:300 for all account types, which can potentially bring high returns, but it also comes with high risks.
BANEX CAPITAL Fees
| Account Type | Spread |
|---|---|
| Standard | From 40 pips |
| ECN | From 30 pips |
| PRO | From 20 pips |
BANEX CAPITAL does not charge any commissions.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| BANEX CAPITAL LTD Native platform | ✔ | Web, Mobile | / |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
BANEX CAPITAL says to accept Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill and some more methods available as per your country of residence.
Rating Index
PRO
ECN
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Latest Reviews
FX1450513582
New Zealand
My friends, I gotta say, BANEX CAPITAL is not the place to be. Their spreads are way too high, making it not an ideal platform to trade on. Plus, they don't even offer a demo account to test the trading environment. Despite their customer service team trying to convince me to trade with them, I decided to pass. Better safe than sorry, you know?
Neutral
2023-03-28
surriyamubashir
Pakistan
I am filing a legal case against Banex Capital in Dubai after a fraudulent experience. I invested 20,000 USDT across four accounts (5,000 USDT each) under their bonus offer. We had a rough draft of terms and conditions on WhatsApp, which clearly stated that the deposited amount would be withdrawable. Banex Capital offered a bonus hedging deal. I successfully withdrew funds from 3 accounts by hedging, but midway through the process, when my deposited amount was still with Banex Capital, they changed the terms. They imposed a limit on the number of withdrawals: 2 withdrawals each on 2 accounts and 1 withdrawal each on the other 2 accounts. The last account, which still had one withdrawal remaining, became an issue. Although they processed one final withdrawal, they then seized my account and withheld my 5,000 USDT deposit. I had 4 accounts of 5,000 USDT each, with a total of 6 withdrawal attempts allowed—2 attempts on 2 accounts and 1 attempt each on the other 2 accounts.
Exposure
2024-08-23