CAPITALFX Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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This is the second time I’ve been locked out of the trading platform even though I still have traded running, every email address I've been given is false so unable to contact anyone. Make your minds up about this. I've made mine. Even the email on here is false. Now I’m waiting to see if they contact me.
The overall evaluation of Capitalfx indicates a concerning reputation among traders, primarily due to its unregulated status and lack of transparency. Many sources highlight significant risks associated with this broker, including potential scams and difficulties in fund withdrawals. The absence of regulation from recognized authorities raises red flags, making it imperative for potential clients to exercise caution.
Note: It is crucial to understand that the varying regulatory environments across regions can significantly impact the safety and reliability of trading with brokers like Capitalfx. The methodologies employed in assessing these brokers are designed to ensure fairness and accuracy in reviews.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service | 2 |
| Trading Experience | 3 |
| Trust Level | 1 |
| User Experience | 2 |
| Additional Features | 2 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding broker operations.
Founded in an unspecified year, Capitalfx operates under the aegis of Aegion Group Ltd, registered in Saint Vincent and the Grenadines. The broker claims to offer various trading platforms, including Activ8, but does not prominently feature established platforms like MetaTrader 4 or 5. The advertised asset classes include forex and CFDs across commodities, indices, precious metals, and cryptocurrencies. However, the lack of regulation from recognized authorities such as the FCA, ASIC, or CySEC raises substantial concerns about the safety of funds and the legitimacy of trading practices.
Capitalfx operates without any valid regulatory oversight, with sources indicating that it is not regulated by any recognized financial authority. This lack of regulation poses significant risks to traders, as there are no legal protections in place to safeguard their investments. According to BrokerChooser, the absence of a regulatory framework makes it easier for unscrupulous entities to operate without accountability.
The specific currencies and methods for deposits and withdrawals are not clearly stated in the available sources. However, it has been reported that the minimum deposit required to open an account with Capitalfx is $500, which is relatively high compared to many regulated brokers. The lack of transparency regarding withdrawal methods and potential fees further complicates the decision to engage with this broker.
Capitalfx requires a minimum deposit of $500 for its lowest account tier, which is the Bronze account. This figure is significantly higher than the industry standard for reputable brokers, which typically ranges from $100 to $200. According to WikiFX, this high entry point, coupled with the broker's unregulated status, raises concerns about its accessibility and fairness to retail traders.
There is no clear information regarding any bonuses or promotions offered by Capitalfx. The lack of promotional offerings can be interpreted as a sign of transparency, but it also suggests that the broker may not be actively seeking to attract new clients through competitive incentives, which is common practice among reputable brokers.
Capitalfx claims to provide access to various asset classes, including forex pairs, commodities, indices, precious metals, and cryptocurrencies. However, specific details about the range of available instruments are not well-documented, leading to questions about the broker's overall offerings and whether they meet the needs of diverse trading strategies.
Details surrounding spreads, fees, and commissions remain vague, with reports indicating that the broker may offer spreads as low as 0.5 pips on certain pairs. However, the reliability of these claims is questionable given the broker's unregulated status. According to ForexBrokerZ, the lack of transparency regarding trading costs is a significant drawback for potential clients.
Capitalfx advertises leverage ratios ranging from 1:200 to 1:400, which is considerably higher than what is typically allowed by regulated brokers in major markets. This high leverage can amplify both profits and losses, posing additional risk to traders. The absence of regulatory oversight means there are no restrictions on the leverage offered, which could lead to significant financial losses for inexperienced traders.
The primary trading platform mentioned for Capitalfx is Activ8, which is a web-based trading solution. However, the absence of more widely recognized platforms like MetaTrader 4 or 5 may limit the trading capabilities and tools available to users, as noted by various reviews.
There is no specific information available regarding restricted regions for Capitalfx, but given its unregulated status, it is advisable for traders from jurisdictions with strict regulations to avoid this broker.
The available sources do not provide clear information regarding the languages supported for customer service. This lack of clarity can lead to communication barriers for non-English speaking clients.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service | 2 |
| Trading Experience | 3 |
| Trust Level | 1 |
| User Experience | 2 |
| Additional Features | 2 |
Account Conditions (2/10): The minimum deposit requirement is high, and the lack of competitive account types limits accessibility.
Tools and Resources (3/10): The broker offers basic resources, but the absence of recognized trading platforms like MT4 or MT5 is a significant drawback.
Customer Service (2/10): Limited information on customer support options and languages raises concerns about responsiveness and assistance for traders.
Trading Experience (3/10): The trading experience is hindered by the lack of transparency regarding costs and the absence of a demo account.
Trust Level (1/10): The unregulated status of Capitalfx is a major red flag, leading to a low trust rating among potential clients.
User Experience (2/10): User experience is negatively impacted by the broker's high minimum deposit and lack of clarity in operations.
In summary, the Capitalfx review indicates that potential traders should exercise extreme caution due to the broker's unregulated status and negative feedback from users. The risks associated with trading through Capitalfx far outweigh any potential benefits, making it essential for traders to seek more reputable alternatives.
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