CapitalXP Forex Broker

Note: CapitalXP's official website https://www.capitalxp.net/ is currently inaccessible normally.CapitalXPReview SummaryFounded2019Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex currency pairs, commodities, indices, crypto CFDsDemo Account✅LeverageUp to 1:100EUR/USD SpreadAround 1 pipTrading PlatformMT4Min Deposit/Customer SupportEmail: support@capitalxp.netRegional RestrictionsUSA, Belgium, France, Iran, Canada and North Korea CapitalXP is an offshore forex broker, owned by Quattro Holding Group, a company registered on Saint Vincent and the Grenadines. CapitalXP does not offer its services to residents of certain jurisdictions such as the USA, Belgium, France, Iran, Canada and North Korea.Pros and ConsPros Cons Various trading marketsInaccessible websiteDemo accounts availableLack of regulationMT4 providedWeak customer supportLack of transparencyIs CapitalXP Legit? CapitalXP is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.What Can I Trade on CapitalXP? Tradable financial instruments available on CapitalXP include forex currency pairs, commodities, indices. Besides, CapitalXP claims to be offering crypto CFDs such as Bitcoin, Ripple, Ethereum and Litecoin, but those were not available in the demo accounts.Account Type CapitalXP offers 5 types of accounts, including Basic, Silver, Gold, Platinum, and Diamond. However, the minimum deposit requirement is not mentioned.Leverage In terms of trading leverage, the maximum leverage level offered by this broker is up to 1:100. Professional traders may think this is a little conservative. However, inexperienced traders are advised not to use too high leverage, as it can amplify gains as well as losses.Spread There are no specific spread conditions on particular instruments. The minimum spread on the EUR/USD pair for the Standard account is around 1 pip, which seems quite align with the industry standard. However, given the fact that CapitalXP is an unregulated broker, traders should stay away from it in spite of its trading conditions.Trading Platform CapitalXP offers its services on the MetaTrader4 (MT4) platform, which we always see as a positive in a brokers offer. The main strong sides of the MT4 are the great charts, the speed of execution, support of automated trading strategies, and the programming environment.Trading PlatformSupported Available Devices Suitable forMT4✔Web, desktop, mobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal On CapitalXP, payment options include credit cards (VISA, MasterCard), bank wire, QIWI, and Yandex. However, details such as the processing time and fees are not clear.