Note: CAPITALFX is to operate via the website - https://capitalfx.co/index.php, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
CAPITALFX is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 500:1 and floating spreads around 0.5 pips on the web-based Activ8 trader trading platform via four different live account types.
As for regulation, it has been verified that CAPITALFX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.37/10. Please be aware of the risk.
Market Instruments
CAPITALFX advertises that it offers trading in Forex, Stocks, Commodities, Indices and Cryptocurrencies.
Account Types
CAPITALFX claims to offer four types of trading accounts - Bronze, Silver, Gold and Black, with minimum initial deposit requirements of €3,500, €7,000, €25,000 and €100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The specified leverage for different account types at CAPITALFX varies between 200:1 and 500:1. Leverage is adjusted based on account types. The leverage is capped at 200:1 for the Bronze account, 300:1 for the Silver account, 400:1 for the Gold account and 500:1 for the Black account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
In the platform screenshot below we see a 0.5 pips spread for EUR/USD, while the regulated brokers generally provide a spread of 1 - 1.2 pips for EUR/USD. Likely CAPITALFX charges commissions for every trade executed, however, though it is not announced on the website.
Trading Platform Available
Instead of the industry-standard MetaTrdaer4 and MetaTrader5, CAPITALFX gives traders a web-based trading platform - Activ8 trader. The overall functionality is generally positive. It also offers a fluid synchronization with both MetaQuotes platforms (MT4 & MT5) and is available as an Android and iOS app too.
Deposit & Withdrawal
According to the information on the Internet, we found that CAPITALFXs website seems to offer the logos different payment methods - credit cards (VISA & MasterCard), Wire Transfer, OK Pay and Bitcoin. In their client area, however, only credit card processors are offered.
The minimum initial deposit requirement is said to be $250, while opening the most basic account requires a minimum deposit amount of €3,500. The minimum withdrawal amount is $50, while legitimate brokers rarely put a threshold on the withdrawal amount for their clients.
The broker also charges a fixed commission of $30 for every withdrawal, and in their Terms and Conditions, which states “Commissions for deposit and/or withdraw of funds may be amended by us from time to time.”
Bonuses & Fees
CAPITALFX claims to offer a Welcome Bonus, which differs depending on the account type. There seems to be no welcome bonus on the Bronze account, while 25% on the Silver account, 50% on the Gold account and variable bonuses on the Black account. However, to withdraw funds from an account that has been credited with a bonus, the trader will be required to execute a minimum trading volume of half the bonus amount in standard lots ($100,000).
Also, the broker charges a Dormant fee for inactive accounts - a fixed payment of $100 every three months for account maintenance.
Customer Support
CAPITALFX‘s customer support can be reached by telephone: +35 722 278 302, email: support@capitalfx.co. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
