CapitaGains Forex Broker

CapitaGains Review SummaryFounded2023Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, CFDs, and cryptocurrenciesDemo Account✅Leverage1:400Spread/Trading PlatformWeb-basedMinimum Deposit$250Customer SupportEmail: support@CapitaGais.comPhone: +44 8449869954Live Chat: 5/24 Automated Service CapitaGains, a financial institution registered in the UK in 2023, operates as an unregulated entity. It offers trading in CFDs, forex, and cryptocurrency through its proprietary web-based trading platform. Additionally, it provides five types of trading accounts offering leverage up to 1:400 and requiring a high minimum deposit of $250.Pros and ConsPros Cons Versatile trading accountsHigh minimum deposit ($250)Demo accountsLack of regulationCommission-free on forex tradingNo MT4/5Is CapitaGains Legit? CapitaGains lacks regulation by any legal financial institution, which poses a substantial risk to the security of your funds. In addition, the domain of this company was registered on December 15, 2023, updated on November 1, 2024, and is set to expire on December 15, 2025.What can I trade on CapitaGains? CapitaGains mainly offers three types of trading instruments, including forex, CFDs, and cryptocurrencies. For forex pairs, CapitaGains allows you to trade major foreign exchange currencies such as the volatile EUR/USD, USD/JPY, and GBP/USD, as well as exotic currencies like USD/TRY.Tradable Instruments Supported Forex ✔CFDs✔Cryptocurrencies✔Commodities❌Indices❌Stocks❌Account Type CapitaGains offers multiple types of trading accounts: Standard Account, Advanced Account, Professional Account, Exclusive Account, and Black Account, with minimum deposits ranging from €10,000 to €1,000,000.Account TypeMin DepositStandard€10,000Advanced€25,000Professional€100,000Exclusive€250,000Black €1000,000 However, on the FAQ page, it claims that the minimum amount to deposit into the trading account is $250. The broker also offers VIP accounts for exclusive clients only. In addition to live accounts, CapitaGains also provides free demo accounts for honing trading skills.Leverage CapitaGains offers leverage up to 1:400. This means that you can control a position up to 400 times the amount of the deposited funds. However, it also comes with significant risks, as it can amplify potential losses if the market moves against your position.Fees CapitaGains charges commission based on the products you choose. For forex pair trading, it requires zero commission. While trading CFDs involves a wide range of costs, such as spreads, overnight financing charges (for positions held overnight), and sometimes commissions.Trading Platform CapitaGains only mentions in its FAQs section that it provides a self-developed platform available only on its website and provides access links. However, we can reasonably infer that this platform is not as advanced and comprehensive as globally renowned platforms like MT4 or MT5. Therefore, we still recommend choosing a regulated broker with legal trading permission from reliable platforms.Trading PlatformSupported Available Devices Suitable forMT4❌/BeginnersMT5❌/Experienced tradersWeb-based✔Web/