Xcapital Markets Forex Broker

Note: Xcapital Markets's official website: https://xcapitalmarkets.com/ is currently inaccessible normally.AspectDetailsCompany NameXcapital MarketsRegulationUnregulatedMarket InstrumentsForex, CFDs, Stocks, Indices, Commodities (oil, corn, gold, silver)Account TypesMAN ACCOUNT, INTERNATIONAL ACCOUNT, JSE EQUITIES CFDsMinimum Deposit$50Maximum LeverageUp to 1:500SpreadsN/ATrading PlatformsMetaTrader 4 (MT4)Customer SupportEmail: info@xcapitalmarkets.comDeposit & WithdrawalBank cards (deposit, credit), Bank transfer, Payment systems (NETELLER, WebMoney, QIWI Wallet, Yandex.Money)Xcapital Markets Information Xcapital Markets is an online brokerage, although the platform offers leverage up to 1:500 and the MT4 trading platform, it is not regulated by any authority. Furthermore, its official website is inaccessible, causing the risks of trading with them. The minimum deposit required by the platform is $50.Is Xcapital Markets Global Legit？ Xcapital Markets operates without oversight from any regulatory authority, which introduces considerable investment risks. Without proper regulation, there are no guarantees for investor protection. Xcapital Markets operates without oversight from any regulatory authority. The lack of regulation means that the platform operates without scrutiny and safety measures from regulatory bodies, making it risky for investors.Pros and Cons ProsConsLeverage up to 1:1000Unavailable WebsiteMT4 offeredLack of TransparencyRegulatory Concerns ProsHigh Leverage (Up to 1: 500): Xcapital Markets provides traders with leverage as high as 1: 500. This feature allows traders to control large positions with a relatively small amount of capital, potentially increasing the return on investment.MT4 Platform Offered: The availability of the MetaTrader 4 (MT4) platform is a significant advantage. MT4 is a well-known and widely used trading platform that offers a user-friendly interface, advanced charting tools, automated trading through Expert Advisors, and a wide range of technical indicators. ConsUnavailable WebsiteXcapital Markets' official website is currently inaccessible and has been shut down, raising concerns about its reliability and accessibility.Lack of TransparencyXcapital Markets lacks information regarding its trading platform, deposit and withdrawal methods, and due to the platform's shutdown, there is no adequate customer support. This makes trading on the platform very risky.Regulatory ConcernsXcapital Markets is unregulated, raising significant risks regarding its legitimacy.Market Instruments Xcapital Markets offers the opportunity to trade in Forex, CFDs, stocks, indices, and commodities such as oil, corn, gold, and silver.Leverage The maximum leverage offered by Xcapital Markets is up to 1:500, which is considered high. Trading with such an unregulated broker using high leverage is risky, since leverage can magnify returns as well as potential risks.Trading Platform Xcapital Markets offers the Metatrader 4 trading platform. You dont need to download to your computer functional and user-friendly Webtrader, dont need to install and learn complex instructions to work with it.Deposit & Withdrawal Taders often note in reviews that the broker offers a limited choice of methods for depositing and withdrawing funds. Thus, the following options for transactions are available: Bank cards (deposit, credit), Bank transfer, and Payment systems (NETELLER, WebMoney, QIWI Wallet, Yandex.Money). The money goes to traders bank accounts on time, usually within 5 working days. As for the minimum deposit, it is $50.Customer Support Xcapital Markets offers customer support via email atinfo@xcapitalmarkets.com.Negative Xcapital Markets Reviews on WikiFX On WikiFX, “Exposure” represents user-generated feedback and experiences. Traders are advised to carefully review and evaluate risks before engaging with unregulated platforms. For detailed information, please consult our platform. Report any fraudulent brokers in our Exposure section, and our team will address the issues. Currently, there is one exposure report for Xcapital Markets. Exposure. Website suspendedClassificationWebsite suspendedDate2022-12-05Post CountryArgentinaA user reported that the platform's official website has been shut down, indicating that the platform may be a forex scam. Conclusion Xcapital Markets is highly likely to be a forex scam. It is not regulated by any authority, and its official website is no longer accessible. There are also related user complaints on the WikiFX platform. Given that forex trading inherently carries risks, it is advisable to choose regulated platforms to ensure the safety of your funds.