Caxton Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Best Trading Platform! It is a place for me to start learning about trading. Guidance is so clear, and people can always support each other. I was so happy to journey with them!
The overall evaluation of Caxton indicates a mixed reputation, with significant concerns about its regulatory status and user experiences. While some users appreciate its services for international payments and currency management, many reports highlight issues related to high fees, poor customer service, and a lack of transparency. Notably, the distinction between Caxton Global and Caxton FX is crucial, as they operate under different regulatory frameworks, impacting user trust and safety.
Attention: It is essential to note that there are distinct entities operating under the name "Caxton," and this review focuses primarily on the forex broker aspects of Caxton Global. For fairness and accuracy, we have synthesized information from various sources to present a comprehensive overview.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
| Additional Considerations | 3 |
How We Rated the Broker: Ratings are based on user feedback, expert reviews, and regulatory assessments gathered from various sources.
Founded in 2002, Caxton operates primarily as a payment service provider with a focus on international money transfers and currency management solutions. It is essential to differentiate between Caxton Global, which is often criticized for lacking regulatory oversight, and Caxton FX, which is regulated by the Financial Conduct Authority (FCA) in the UK. Caxton FX offers services via platforms like MT4, while Caxton Global has been noted for its questionable practices and lack of transparency. The assets available for trading vary significantly between these entities, with Caxton FX focusing on currency exchanges and Caxton Global offering a broader range of financial services without clear regulatory backing.
Caxton FX is regulated in the UK by the FCA, which provides a level of safety and trust for users. In contrast, Caxton Global operates without such regulatory protection, raising red flags for potential investors. The lack of a regulatory body supervising Caxton Global means that users funds are not safeguarded, leading to potential financial risks.
Caxton FX allows transactions in multiple currencies, primarily focusing on major currencies for international transfers. However, Caxton Global's policies regarding deposits and withdrawals are less clear, with many users reporting difficulties in accessing their funds. There is no mention of cryptocurrency support, which may limit options for users looking to trade in digital assets.
The minimum deposit required by Caxton Global is reported to be around $2,000, which is considerably higher than the industry average. This high barrier to entry can deter new traders and is seen as a significant drawback in user reviews. In contrast, Caxton FX does not specify a minimum deposit in the same manner, making it more accessible for casual traders.
While Caxton FX occasionally offers promotions to attract new users, there is little to no information on bonuses from Caxton Global. The absence of promotional offers can be a disadvantage for Caxton Global as users often seek incentives when choosing a broker.
Caxton FX primarily focuses on forex trading, while Caxton Global offers a wider range of financial instruments, including CFDs and commodities. However, the lack of regulatory oversight for Caxton Global raises concerns about the legitimacy and safety of trading these asset classes.
User reviews indicate that Caxton Global has high trading costs, with spreads reported to be between 1.8 and 2.0 pips. This is considered uncompetitive compared to other brokers. In contrast, while Caxton FX also has fees, they are generally viewed as more reasonable, especially given the regulatory protections in place.
Caxton Global offers leverage up to 1:200, which may appeal to experienced traders but also increases risk exposure. Caxton FX's leverage offerings are not clearly stated in the sources reviewed, making it difficult to compare directly.
Caxton FX supports popular trading platforms like MT4, which is favored by many traders for its robust features. However, there is limited information regarding the trading platforms available through Caxton Global, leading to uncertainty about the trading experience.
Caxton FX operates primarily within the UK and may have restrictions in other regions, while Caxton Global has been noted for its offshore operations, which could attract users from various geographical areas. However, the lack of regulation raises concerns about the safety of trading from these regions.
Caxton FX offers customer support in English, with dedicated hotlines for various services. In contrast, Caxton Globals customer service has been criticized for being unresponsive, which can lead to frustration among users seeking assistance.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
Caxton Globals high minimum deposit requirement and lack of regulatory oversight significantly impact its account conditions. Users have reported feeling insecure about their investments due to the absence of investor protections.
While Caxton FX provides useful tools for forex trading, Caxton Global's offerings are less clear, leading to uncertainty among users about the resources available for trading.
Customer service for Caxton Global has received poor reviews, with many users reporting difficulty in reaching support. In contrast, Caxton FX has a more established support system, which is reflected in user feedback.
The trading experience on Caxton FX is generally more favorable due to its regulatory status and established platform. In comparison, Caxton Globals lack of transparency and high costs detract from the overall trading experience.
The trustworthiness of Caxton Global is significantly lower due to its unregulated status and numerous user complaints about fund withdrawals and customer service issues. Caxton FX, with its FCA regulation, offers a higher level of trust.
User experiences vary widely, with some praising Caxton FX for its reliability and ease of use, while many express frustration with Caxton Global's lack of transparency and high fees.
In conclusion, potential users should exercise caution when considering Caxton Global, as the risks associated with unregulated brokers can outweigh the benefits. On the other hand, Caxton FX presents a more secure and reliable option for forex trading, backed by regulatory oversight and positive user feedback.
