Company Profile
Company Profile
Review summary
General Information & Regulation
GetzCapital, a trading name of GetzCapital LLC, is allegedly a forex and CFD broker registered in the Virgin Islands that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and variable spreads from 0.0 pips on the state-of-the-art MetaTrader5 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that GetzCapital does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.08/10. Please be aware of the risk.
Market Instruments
GetzCapital advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs, currencies, commodities (gold, silver) and crude oil.
Account Types
Apart from demo accounts, GetzCapital claims to offer three types of live trading accounts, namely Micro, Standard Account and Premium/ECN Account, as well as Islamic accounts. The minimum initial deposit amount is $100 for the Micro account, while the other two account types have much higher minimum initial capital requirements of $1,000 and $10,000 respectively.
Leverage
The leverage provided by GetzCapital is capped at 1:500. 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
GetzCapital claims to offer variable spreads for different account types. Specifically, the clients on the Micro Account can experience spreads of 1.6-2.2 pips, the Standard Account has spreads of 1.4-1.8 pips, while only the Premium/ECN Account cam enjoy raw spreads from 0.0 pips.
Trading Platform Available
Platforms available for trading at GetzCapital are MT5 for Windows, iOS and Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
GetzCapital appears to accept deposits via cryptocurrencies only. The minimum initial deposit requirement is said to be $100, while there is no mention of what the minimum withdrawal amount is.
Bonuses
GetzCapital claims to offer 40% deposit bonus for all deposits. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
GetzCapital‘s customer support can be reached by email: support@getzcapital.net or send messages online to get in touch. Company address: First Floor, First St Vincent Bank LLC Building, James Street, Kingstown, St. Vincent & the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves a significant level of 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.
