Note: Capital Market's official website: https://www.capitalmarketcorp.com/ is currently inaccessible normally.
Capital Market Information
Capital Market, registered in Cyprus, claims to offer a web-based trading platform. However, reports indicate that their CYSEC license may be a suspicious clone. The platform is notably limited compared to industry standards like MetaTrader 4 and MetaTrader 5, which offer advanced features for technical analysis and automated trading. With high minimum deposit requirements for its three account types, Capital Market's services are not suitable for all traders.
Pros & Cons
Cons:
Limited Trading Features: The platform lacks advanced functionalities found in popular trading platforms like MT4 and MT5, such as technical analysis tools and automated trading capabilities.
High Minimum Deposit: The minimum deposit requirements are relatively high, starting at $5,000, which may deter novice traders or those with limited capital.
CYSEC (Suspicious Clone): The CYSEC license is suspected to be a fraudulent copy, raising significant doubts about the brokers legitimacy and reliability.
Inaccessible Website: Reports of compromised or restricted access to their official website further amplify concerns regarding the trustworthiness of their trading services.
Is Capital Market Legit？
There have been reports suggesting that the Cyprus Securities and Exchange Commission (CySEC) license, specifically a Market Making (MM) license under number 319/17 is suspected to be a fraudulent copy. Clients should exercise caution in such scenarios as dealing with cloned or false regulatory credentials is a red flag that often indicates potential scams or illicit activities.
Additionally, the accessibility of their official website is compromised or restricted. Websites that are difficult to access, frequently down, or lack clear, professional communication can be indicative of a lack of stability or integrity within the company.
These elements culminate in a heightened level of risk for individuals considering investments within the capital market through this particular broker. Remember, any investment, especially those in the financial markets, comes with its risks, and diligence is key to managing those risks effectively.
Account Types
Capital Market offers three live account types including Individual, Diversified and Corporate with the minimum deposit requirement of $5,000, $30,000, and $100,000 respectively.
Minimum Deposit: $5,000
This account type is designed for individual retail traders who have moderate investment capital and are looking to trade in the financial markets.
Minimum Deposit: $30,000
This account type suggests it is for investors who have larger amounts of capital to trade with and possibly offers more diversified investment options or services.
Minimum Deposit: $100,000
This account type is typically for corporate entities or high-net-worth individuals who have substantial capital to invest and require specialized services or access to different financial instruments.
However, these account types have higher minimum deposit requirements compared to many legitimate brokers that offer micro accounts starting from $100-200. The higher minimum deposit could potentially limit accessibility for smaller retail investors or beginners in trading.
Trading Platform
The trading platform provided by Capital Market is a web-based interface accessible through their website. This platform offers basic functionalities such as viewing real-time prices of major commodities and stocks of well-known companies through simple charts. Users can monitor market movements and track prices conveniently without the need for extensive technical knowledge or software installation.
However, compared to industry-leading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Capital Market's web-based platform is limited. These popular trading platforms typically provide extensive tools for technical analysis, customizable charting options, automated trading capabilities through Expert Advisors (EAs), and support for various order types and trading strategies.
Deposits & Withdrawals
Capital Market provides its clients with various options for depositing and withdrawing funds.
One of the primary methods available is wire transfers, which are suitable for larger transactions but come with the caveat that they are irreversible and not eligible for chargebacks. This characteristic makes them vulnerable in situations involving potential fraud or service disputes.
For clients preferring credit cards, Capital Market supports this widely accepted method, offering convenience for transactions; however, users should verify any associated fees or restrictions that their card issuer may apply, especially for international transactions.
Additionally, Capital Market lists PayPal as an option for both deposits and withdrawals. Despite mentioning specific deposit amounts like $200, $400, or $600, it appears that the functionality for these selections might not be fully operational, as indicated by inactive buttons. Clients intending to use PayPal are advised to seek clarity directly from Capital Market regarding its current availability and terms. Moreover, deposits through Western Union are accepted, although similar to wire transfers, they do not qualify for chargebacks.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Telephone: +1-914-826-8089
Email: info@capitalmarketlatam.com
Conclusion
Capital Market presents a basic trading solution with a web-based platform and multiple account types, making it accessible for certain investors. However, the significant regulatory concerns, including the suspected fraudulent nature of its CYSEC license, coupled with high minimum deposit requirements and limited trading features, cast serious doubt on its legitimacy and reliability.
Frequently Asked Questions (FAQs)
Is Capital Market regulated by any financial authority？
No. It has been verified that this broker currently has no valid regulation.
How can I contact Capital Market？
You can contact via phone, +1-914-826-8089 and email: info@capitalmarketlatam.com.
What platform does Capital Market offer？
It offers web-based platform.
What is the minimum deposit for Capital Market？
The minimum initial deposit to open an account is $5,000.
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
