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Billions Capitals Review - is it scam or safe?

Billions Capitals Review - Is billioncapitals.com scam or good forex broker?

RATING: 1.4 / 1 REVIEWS ForexBrokerz Billions Capitals
Billions Capitals is an offshore broker. Your money is not safe.

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Billion Capitals is a forex and CFD broker, offering three account types with competitive leverage and the option to trade crypto CFDs. If you are considering opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Bronze Account $50 1:1000 2,5 pips, floating
Silver Account $250 1:500 1,6 pips
ECN-Gold Account $1000 1:200 0,6 pips

 

Billion Capitals Advantages:

 

CFDs on crypto currencies and a variety of commodities 

 

Billion Capitals offers its clients 28 forex pairs and CFDs on nine popular crypto currencies - Dash, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, Monero and Zcahs. The broker also offers CFDs on spot metals such as gold, silver, copper and zinc, commodities like cotton, sugar, corn, soybean, wheat, cocoa and coffee, as well as oil, natural gas and some indices. However there are no exotic currency pairs and we do not see stocks. In any case, if you are tempted by the idea to trade crypto currencies, here you may check our list of brokers, offering Bitcoin CFDs as well:

 

>>Bitcoin Forex Brokers<<

 

Lavish maximum leverage

 

The maximum leverage offered by Billion Capitals on its Bronze Account is 1:1000, which is basically as high a leverage as you can find on the market. With the Silver Account the leverage is still pretty generous – 1:500, while with the ECN-Gold Account it is 1:200 - more than enough to fit any trading strategy. We should note here, that experienced traders very rarely use leverage of more than 1:100. Still, having in mind that higher leverage means higher risk, you can check our list of brokers, also offering leverage of up to 1:500 and above:

 

>>Forex Brokers Offering 500:1 Leverage<<

 

Acceptable minimum deposit requirement

 

With Billion Capitals you can open a  Bronze Account with 50 USD, which is basically in line with what most brokers require for opening a starting account. For a Silver account you will have to invest at least 250 USD, while for an ECN-Gold Account the minimum deposit is 1000 USD.  Still, have in mind that with some big players like XM and FXTM you can open an account with just 5 USD.

 

Various methods to fund your account

 

To deposit or withdrawal funds with Billion Capitals you can use a credit or a debit card, like VISA, e-wallets, including Perfect Money, Skrill, Trasuz, Neteller, WbMoney, OK Pay, FasaPay and EstroPay and wire transfer. As the popularity of the crypto currencies increase, more and more brokers are now accepting Bitcoin as a payment method. Here you may check our list of brokers, where you can actually pay with Bitcons:

 

>>Forex Brokers Accepting Bitcoin<<

 

MetaTrader4 available

 

The most popular trading platform, preferred by experienced and beginner traders alike, the MetarTrader4 features versatile charting tools, more than 50 in-build market indicators and the option for automated trading – lately, increasingly popular among the trading community. In addition you can personalize and even compile your own trading algorithms and market indicators on a specially designed scripting language – the MQL4. Here you can check our list with other brokers, offering the  MetarTrader4 as well:

 

>>Find other MT4 brokers here<<

 

Billion Capitals Disadvantages:

 

Lack of regulation

 

Billions Capitals claims to be based in the UK. However, the broker does not mention anything about a license and that is unfortunate as the most important thing, before start trading, is to identify brokers, that are reliable. 

 

As a rule of thumb traders can feel secure about their investment only with brokers, regulated by a reputable and well-established authority such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).

 

Licensed brokers have to follow strict and transparent fiscal rules, including to maintain a certain level of operational capital. They also have to keep all clients funds in a segregated, protected form creditors account and in some cases even to insure traders money.

 

FCA and CySEC brokers for example have to participate in client compensation schemes. Under the FCA backed Financial Services Compensation Scheme traders can receive back up to 50 000 GBP of their capital in case their broker goes insolvent, while with a similar insurance mechanism, traders with CySEC brokers can receive back up to 20 000 EUR. Here you can check our list of brokers licensed by the FCA:

 

>>FCA Regulated Forex Brokers<<

 

Uncompetitive spreads

 

While no commission is taken for the trade, spreads starting from 2,5 pips with the Bronze Account seem a bit too high, as with most brokers standard account spreads start between 1 and 1,4 pips. As advertised, spreads with the Silver Accopunt start form 1,6 pips, while with the ECN-Gold Account you finally get nice trading conditions with spreads starting from 0,6 pips. 

 

We should note that when tested with a Demo Account the EURUSD spread fluctuated between 2,1 pips and 2,4 pips, which is a bit better than what was advertised with the Bronze Account. Still, you may want to check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Conclusion:

 

Apart form the attractive maximum leverage and the crypto CFDs, trading conditions with Billions Capitals are not exceptional. But more importantly, keep in mind that the broker is not regulated and that by default puts any investment at risk.

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Traders` reviews for Billions Capitals

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