CapPlace Forex Broker provides real users with 2 positive reviews, * neutral reviews and * exposure review!
Business
License
Working with Mr.Akram and he is explaining everything at his best. So glad to register here
It's verified and licensed I'm working in CapPlace, the leverage and profit ratio is great.
Capplace has emerged as a notable player in the forex and CFD trading arena, attracting a mix of positive and negative feedback from users and analysts alike. This review synthesizes various insights from recent articles to provide a comprehensive overview of Capplace, highlighting its features, user experiences, and overall trustworthiness.
Note: It is important to acknowledge that Capplace operates under different entities in various regions, which may affect regulatory compliance and user experiences. This review aims for fairness and accuracy through a thorough examination of available data.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service & Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 4 |
| User Experience | 6 |
| Additional Considerations | 5 |
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding services, fees, and overall performance.
Founded in 2023, Capplace is operated by Robertson Finance Inc. and is based in Comoros. It is regulated by the Mwali International Services Authority (MISA), which, while offering some level of oversight, is not considered a top-tier regulator. Capplace provides a proprietary trading platform along with a mobile application, catering to both novice and experienced traders. The broker offers a wide range of trading instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies.
Capplace is regulated in Comoros under MISA. However, the lack of regulation from more recognized authorities such as the FCA or ASIC raises concerns about the level of investor protection offered. Users should be cautious and conduct thorough research before engaging with the broker.
Capplace supports various funding methods, including bank transfers, credit/debit cards, and e-wallets. The minimum deposit is set at $250, which some users find high compared to competitors. Withdrawals can take up to 72 hours, and while no minimum withdrawal amount is specified, wire transfers may have a minimum of $50.
Currently, there are no significant bonuses or promotions offered by Capplace, which may be a drawback for traders looking for incentives to start trading.
Capplace boasts over 350 trading instruments, including:
Capplace offers variable spreads starting from 0.1 pips, which is competitive for forex trading. However, some users have reported a lack of transparency regarding additional fees, which can complicate cost assessments. There are no inactivity fees, but users should be aware of potential overnight fees for holding positions.
Capplace offers leverage up to 1:200, which can amplify both profits and risks. While this may attract experienced traders, it poses a significant risk for novices who may not fully understand the implications of high leverage.
The primary trading platform is Capplaces proprietary web trader, which includes advanced charting tools and real-time data. The mobile application mirrors the web experience, allowing for trading on the go. However, there is no mention of support for popular third-party platforms like MetaTrader.
While Capplace is accessible in many regions, there are reports suggesting that it may not be available in certain jurisdictions, which could limit potential users.
Capplace offers customer support primarily in English, with some references to support in Hindi and Japanese. However, reviews indicate that response times can be slow, particularly for urgent inquiries.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service & Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 4 |
| User Experience | 6 |
| Additional Considerations | 5 |
Capplace offers three account types: Silver, Gold, and Platinum. Each has its own features and benefits, but the minimum deposit requirement of $250 is higher than many competing brokers.
The trading platform is user-friendly, featuring advanced charting tools powered by TradingView. However, the educational resources available are limited compared to other brokers.
Customer service has received mixed reviews, with some users reporting slow response times. Support is available via email and phone, but the absence of live chat is a notable drawback.
The trading experience is generally positive, with a user-friendly interface. However, the lack of transparency regarding costs can hinder user confidence.
The regulatory environment surrounding Capplace is concerning, with many experts advising caution due to its offshore registration and lack of top-tier regulatory oversight.
Overall, user experiences vary, with some appreciating the platform's functionality while others cite issues with withdrawals and customer support.
In conclusion, while Capplace offers a range of trading options and tools, potential users should approach with caution given the mixed reviews and regulatory concerns. It is advisable to consider brokers with stronger regulatory frameworks and clearer fee structures for a more secure trading experience.
