Aksys Capital Review - is it scam or safe?

RATING: 2 / 1 REVIEWS

Aksys Capital is an offshore broker. Your money is not safe.

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Trading Accounts

Account type	Minimum deposit	Minimum trade size	Maximum leverage	Spreads
Standard	$100	0.01	1:100	2.8, fixed

Clients of Aksys Capital can sign up for a single account with fixed spreads, no commission fees and leverage up to 1:100. There are micro lots available for trade and no swap fees apply.

What is more, wealth management services are also available with Aksys Capital.

The Company. Security of Funds

Company	Country	Regulation
Aksys Capital S.A.L	Lebanon	Central Bank of Lebanon (CBL)

Founded in 2008, Aksys Capital is a Lebanese broker offering trading in Forex, CFDs, Stocks, options and commodities on the robust MetaTrader 4 platform.

The company behind the brand, Aksys Capital S.A.L., is a Lebanese financial institution regulated by the Central Bank of Lebanon ("Banque Du Liban BDL") and is supervised by the Banking Control Commission in Lebanon.

The Central Bank of Lebanon's key objectives include protecting consumers and safeguarding monetary and economic stability, among other things. All financial firms and local and international brokers are required to be approved and registered with the CBL. There are also fairly high capital requirements for the brokers and tight regulation.

In July 2017, Aksys Capital announced a strategic partnership with Wallstreet Proptrade - Lebanon’s first stock market research and proprietary equity trading academy. The cooperation creates one of the largest stock market research and trading platforms in Lebanon and the region.

Trading Conditions

Minimum Initial Deposit

In order to open an account with Aksys Capital, one has to invest $100, which is average.

Spreads & Commissions

As we have already pointed out above, this broker offers fixed spreads, and as most fixed-spread brokers, it does not charge commission fees. Unfortunately, Aksys Capital’s spreads are high, amounting to 2.8 pips on EUR/USD, as most fixed-spread brokers offer spreads around 2 pips for this pair and some even less. For example, easyMarkets’ spreads are fixed at 1 pips for EUR/USD.

Leverage

The maximum leverage with Aksys Capital is 1:100, which is comparatively low ratio. Most brokers usually offer higher leverage levels, unless any restrictions apply. For example, easyMarkets offers leverage up to 1:400.

While it is true that such leverage may multiply your earnings on a small deposit, one should keep in mind that it also allows you to take bigger risks and you can easily blow your entire account away.

Trading Platform

Aksys Capital supports the common MetaTrader 4 (MT4), which comes in desktop, and mobile versions.

Still being the most popular forex trading platform, MT4 offers traders ease of use, reliability and advanced functionalities. It offers top notch charting, numerous technical analysis indicators, back-testing capabilities, different order options, and the chance to create and use automated trading strategies (Expert Advisors).

Aksys Capital’s demo MT4. Click on the image to zoom in.

Methods of Payment

Aksys Capital’s clients can make deposits to and withdrawals from their accounts only via bank wire transfer, credit/debit cards and personal/banker’s checks. Popular e-wallets such as Skrill and PayPal are not available with this broker.

Conclusion

A duly licensed Lebanese broker, Aksys Capital has almost 10 years of experience and offers an impressively rich product portfolio. Its spreads, however, are not very attractive, and also, we suspect that it utilizes a Market Maker model. To sum up the above, here are the advantages and drawbacks with regards to this broker:

Pros	Cons
Regulated	High fixed spreads
No commission fees	Market Maker model
MT4 available	No choice of trading platforms, no web-based ones
Almost 10 years of experience	Limited payment methods
Rich product portfolio

Latest news about Aksys Capital

No news about Aksys Capital . Check back later.

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Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Cyprus, SVG	CySEC	MT5, Web, cTrader	$100	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

Traders` reviews for Aksys Capital

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Submit a complaint or share your experience with Aksys Capital

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Not a Market Maker

It definitely is not a Market Maker, as I have a partnership agreement with this firm and I know for a fact that they have an STP to a very well-known big cap bank in the region.
Moreover, in addition to MT4 they offer one other platform with DMA to listed stock markets as well as future markets and fx, cfd’s all from one single account, also with a very popular US-based supplier.

Rony Nehme 01/18/2018

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