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Capex Review - is it scam or safe?

Capex Review - is scam or good forex broker?

RATING: 3 / 2 REVIEWS ForexBrokerz Capex


Trading Accounts and Conditions


Trading account Min. deposit  Min. trade size Default leverage Spread
Basic  $100 0.01 1:30 1.8 pips, fixed


Cypriot forex brokerage Capex (formerly CFD Global) offers one Basic, as well as several Premium accounts for those willing to invest $1 000 and more – Essential, Original, and Signature. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform.


Keep in mind that 78.32 % of retail investor accounts lose money when trading CFDs with this provider.



Capex Advantages


Licensed in Europe (Cyprus)

The most obvious advantage of Capex is that it holds a license with one of the most well-respected European regulators, the Cyprus Securities and Exchange Commission (CySEC). The company behind the brand, Key Way Investments Limited, is authorized by CySEC since 2016. Actually, the firm got rebranded from CFD Global to Capex.



Holding a CySEC license means that the brokerage meets a number of requirements, including those introduced on a EU level, and provides significant assurance for the security of clients’ funds. Besides, now that the UK is exiting the EU, Cyprus is becoming the most popular forex destination in Europe. 



>> Check out the top-rated Cypriot brokers <<



Access to MT5, wide range of assets offered

Capex provides its clients with a choice of 2 trading platforms: Webtrader and the industry leading MetaTrader5 (MT5), which is commonly used by more experienced traders.


The MT5 The MT5 is the latest edition of the MetaQuotes’ software, and is highly valued for its great charting and analytical tools, support for automated trading via EAs, customization options, and more. Besides, users of the MT5 are able to enjoy even more trading possibilities than with the MT4, as the platform allows dealing in derivatives and exchange-traded stocks from one and the same account.


Furthermore, Capex has a very rich and diversified product portfolio, including many forex pairs, CFDs on indices, commodities, cryptocurrencies and over 2 000 stocks. The crypto section features Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin and Ripple.


Competitive fixed spreads, high leverage

As announced on Capex’ website, the spreads offered by the broker are fixed at 1.8 pips. We were also able to test the broker’s Webtrader in demo mode and found the spreads in line with the announced ones.


Capex's Webtrader. Click on the image to view larger.


Such pricing is quite attractive – most fixed-spread brokers offer 2 pips spread for this pair.



>> Check out the offers of the best fixed-spread offers <<



We also should mention that the broker offers a default leverage of 1:30 for retail clients, in line ESMA’s product intervention measures. Those clients who are classified as professional ones are allowed to use higher leverage of up to 1:300, provided that specific conditions are met.



Capex Disadvantages


MT5 not available for free testing

While we were able to test Capex’ Webtrader platform, we could not try out the broker’s MetaTrader5 in demo environment. We find this a bit odd, as all decent brokers offer free access to the MetaTrader they support, and this shows that they are transparent with their services and pricing.


Negative feedback on CFD Global

Brokers rebrand for different reasons such as new management, expansion into new markets, etc. However, one of the most common reasons for such a move is bad reputation.


And indeed, when we checked the user reviews below our review of CFD Global, as well as those in other forex sites and forums, a lot of people (alleged clients of the broker) complain of aggressive marketing such as cold calls. Of course, some of them directly accuse the broker of being a scam.


No variable spreads

As we mentioned already, Capex offers only fixed spreads, which tend to be higher than variable ones. Besides, most fixed-spread brokers operate as a market makers. In other words, Capex may trade against you, making money when you lose.





Capex is a Cypriot broker that is not unknown to forex traders. In fact, Cypriot Investment Firm Key Way Investments Limited rebranded its CFD Global brokerage brand to Capex. Actually, Capex’s offers appears to be much better than that of its predecessor – the spreads are lower, the asset range appears to be much broader, and there are two platforms to choose from. Of course, the strongest selling point of Capex is the CySEC license.


Here is a summary of our review of Capex:


Pros Cons
CySEC license MT5 not available for free testing
Generous leverage, seemingly good spreads Negative feedback on CFD Global
MT5 available, broad product range No variable spreads


Latest news about Capex
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Traders` reviews for Capex
















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Capex Withdrawal...

I have an account with Capex, and I tried the platform, after I deposited first £180, then later another £200, because I believed it can work. Because of my work I am not able to check my trades during the day, and was stopped out of every trade.
I therefor decided to ask for a withdrawal of all my funds in my account, which was £334.45. Two days later I got an email that my £180 will be in my bank account. No mentioning of the rest.
I looked at my trading account, and the remainder was not in there.
I am still waiting for a response from them.
My advice.... STAY AWAY.

Jacobus Botha 10/25/2019
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