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CapitalXP Review - is it scam or safe?

CapitalXP Review - is capitalxp.com scam or good forex broker?

RATING: 1.2 / 2 REVIEWS
CapitalXP is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit Maximum leverage Spread
Standard Not specified 1:100 Around 1 pips

 

CapitalXP is an offshore forex broker that offers trading on the MT4 platform. Although we found some information regarding the account types offered by this broker, essential details such as minimum deposits, leverage, and more importantly, the trading costs, are missing from CapitalXP’s website. So, we filled the table above with the information we got from its demo accounts. 

 

 

Note that this broker CapitalXP does not offer its services to residents of certain jurisdictions such as the USA, Belgium, France, Iran, Canada and North Korea.

 

 

CapitalXP Advantages

 

MT4 trading platform

CapitalXP offers its services on the MetaTrader4 (MT4) platform, which we always see as a positive in a broker’s offer. The main strong sides of the MT4 are the great charts, the speed of execution, support of automated trading strategies, and the programming environment. The latter means that anyone handy with code can create technical indicators and trading bot of his own.

 

 

>> Find better MT4 brokers <<

 

 

Seemingly tight spreads

 A floating spread of around 1 pips on EUR/USD is a good pricing, basically on the lower end of the average for the sector. However, this is what we saw in demo trading environment and we cannot guarantee the spreads are the same on real accounts.

 

Besides, the spreads are not the most important part of the broker’s offering. The criteria when choosing a forex broker is its regulatory status. Below, you can check out real-time spreads of some reliable and licensed brokers.

 

 

>> Compare the spreads of 10 top brokers <<

 

 

CapitalXP Disadvantages

  

No financial regulation

CapitalXP is owned by Quattro Holding Group, a company registered on Saint Vincent and the Grenadines (SVG).

 

No matter what some brokers may claim, you should know that registration in some offshore Caribbean island has nothing to do with proper regulation. Actually, the SVG Financial Services Authority stated that it “does not issue any licenses for forex trading or brokerage or binary options trading nor does it regulate, monitor, supervise or license international companies, which engage in such activities“.

 

So, basically, CapitalXP is not a regulated broker and we advise our readers to avoid offshore companies as a general rule because of all the risks involved.

 

Trading conditions not mentioned

As we said in the beginning, CapitalXP doesn’t provide much details about the trading environment they provide. The lack of such information should always be seen as huge negative of a broker, as it shows lack of transparency and commitment.

 

No cryptocurrencies offered 

The broker claims to be offering crypto CFDs such as Bitcoin, Ripple, Ethereum and Litecoin, but those were not available in the demo account.

 

Conclusion

 

Given the language versions of its website and the payment methods supported, we suppose that the people behind CapitalXP are from Russia. We cannot be sure though. The broker is registered offshore and although its offering might seem attractive to some traders, given the tight spreads and the solid leverage provided, we would not recommend dealing with CapitalXP. First, because it is not regulated, and second, because it does not present clearly the pricing for its services.

 

Considering the above, we do not recommend dealing with CapitalXP. Instead, you may check out a list of tightly regulated brokers that meet strict requirements and are under the supervision of UK’s Financial Conduct Authority:

 


>>FCA-regulated brokers <<

 

 

To sum up the pros and cons of CapitalXP:

 

Pros Cons
Seemingly tight spread Not regulated
MT4 provided Trading conditions not disclosed
Up to 1:100 in leverage No crypto CFDs
Various payment methods supported  

Latest news about CapitalXP
No news about CapitalXP . Check back later.
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Traders` reviews for CapitalXP

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Scam

isreal/russian owners scamming from Ukraine, avoid!!!!!!!!!!!!!!!

george 09/06/2018

Capital XP scam?

CapitalXP have gladly taken my deposit of €250 and have failed to do any trades via the broker. I have in fact requested to withdrawl all my money as despite sending several emails asking why I have not had any contact from the broker and questions about when I will get my money back none has responded to me at all.
Have I been SCAMMED?

Marie Cubitt 08/15/2018
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