Capital trade FX Review
The overseas broker Capital Trade FX offers foreign exchange and CFDs brokerage services on three different trading accounts. The broker claims to provide Commission Free trading and variable spreads are offered on micro-lots. The provided leverages are high at Capital Trade FX. However, the company is not regulated and operational from Saint Vincent and Grenadines. In this Capital Trade FX review, we will consider all the aspects of this broker and bring out a true picture of this broker. Please be with us until the last line.
About Capital Trade FX:
The three offered trading accounts are called Mini, Micro, and Standard. The required minimum deposit is from $100 to $300 is collected. Maximum leverage level of up to 1:500 and average spreads of 1.8 pips are offered. To make this Capital Trade FX review impartial and trustworthy we must cover all the possible advantages and disadvantages of this broker. The first possible advantage of Capital Trade FX is its provided trading platform. The broker offers to trade on world-famous and widely used MetaTrader. MetaTrader comes with many advanced features like expert advice, charting. market indicator and more. It also supports a variety of operating system from desktop to mobile. Sadly, the broker does not offer a free version to download of this platform for testing. The second possible advantage of Capital Trade FX is that it provides a generous leverage level. The leverage ratio of 1:500 are very generous and can make significant profits. However, higher leverage can make significant losses as well. Traders must be precautions while trading with higher leverage ratios.
This section will discuss all the possible disadvantages of Capital Trade FX. The broker’s online presentations show that the broker is licenced in Saint Vincent and Grenadines and claims to have another office in Hong Kong. When we checked with both the countries financial regulators we could not find the registrations of Capital Trade FX. It means the broker falsely claims its regulation and does not have a valid regulation to carry out brokerage services in a regulated market. The spread announced by the broker is 1.8 pips on Europe USD foreign exchange pair. However, these spreads are above average.
Is Capital Trade FX scam or legit?
The trading conditions of Capital Trade FX are not feasible. Furthermore, the broker is unregulated and operational from overseas. Considering all the facts mentioned and with the detailed analysis of this broker. We claim that the Capital Trade FX is a potential Australian trading scam.