de | cn | ru

CapitalXP Review - is it scam or safe?

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

RATING: 1.2 / 14 REVIEWS CapitalXP
CapitalXP is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


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.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa, UAE CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

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

 

 

Capital XP stole my money

Capital XP was good at first. I seemingly made around $500 in a week, but then the consultant started asking for more money for me to trade on Apple. Within a few days the trades showed small profit and I closed them with the profit, but what the consultant did not disclose was that the commission on the trade was around $500 per trade. I notified her and she told me that nothing is wrong an I should continue. This was a lie and I did not know about any of this. So the trades went downhill from there and I lost over $13 000. After this they told me that they have a TRADE ON US contract that will give me credit of $8000 to make back the money, but they wanted more money still. They are not honest at all and keep telling stories, instead of listening to the client.

VERY VERY Unprofessional.

Please stay away from them.

Braam van Wyk 01/15/2019

CapitalXP is a scam

i tried depositing and withdrawing you dont get to see your pending
withdrawal.when you ask the support team they say thank you for contacting us
what kind of broker is that.your withdrawal can't be processed for the whole month even though the paperwork is on poin
trust me i've been there.and everytime you request a withdrawal they will tell you to make some trades.the account managers are so mean like top level of mean they're super rude.
i told them i wanted to cancel my account they told me i cant they're refusing.
last week monday/tuesday i made a withdrawal and and it hasn't been processed since today.

everytime i request for the account manager to call they dont call this morning i was very angry and requested a immediate call they started calling
and the main reason for their call was for me to place trades so a withdrawal can be made, and the woman said i can only withdraw profit and she was so rude.
and the funny thing is account managers change quickly without them notefying you.the service is so poor the woman told me she handles $100k
accounts and i said but you're failing to process a withdrawal of 250euro
wich is currently R4080 where i'm from.

my advice to anyone who is trying to invest with capitalXP, don't it a waste of time and money you'll never get back the word to summurise their company
is THEY'RE SCAMMERS.

untill i receive my money back maybe i'll change my review but ryt now dont deposit please i beg you not to lose your money like i did plz may god protect you'll from scammers.

sfundo trevor 12/18/2018

A lot of trouble

I am having a lot of trouble trying to get them to pay me out and no help from them. is there anything I can do?

Guy Bagnall 12/14/2018

Withdraw Request

They are a fraud

https://www.capitalxp.com

Oliver put my money on VIP account to test it, for 2 days. After tested that, he told me that I have to put more down to stay in the VIP section. I mentioned to him that I have no funds now, but will only be able next year again. I did ask him if this money will still grow, (not at VIP growth, but normal growth - His answer was "No" only when I put enough money down to stay in VIP. He is not moving me back to normal account. THe money was then not grow anything anymore. It was just 624.18 EURO from then.
I requested an withdrawal of funds in November - I need the money for a school tablet for my daughter. The school did not warn us before hand - thus it is urgent. I have missed the due date now (12 Dec) Now I have to buy it myself, which is more expensive.

End of November, my account was still 624.18 EURO. I requested withdrawal a few times, but everytime I just get a CANCELED WITHDRAWAL REQUEST. After about 5 times, I got a call from Michael Klein, trying to convince me to leave the money. I told him I cannot, because of school costs. When I look at my account now, there is only 24.87 euro left now. Please dont tell me I lost it through trading, because Oliver clearly stated that he is not trading with it. I told Michael, also just to pay it out, don't trade, because I need it.

Astrid Pretorius 12/12/2018

Got Scammed

Saw an advert about trading,seemed legit,contacted them, was hesitant at first but was persuaded to transfer money, then spoke to a character called
Megan LaCroix, said she was French, persuaded me to transfer more money. Got a lot of calls in the beginning and a lot of babble about the stock market,which seemed believable. Checked my (false) account the increase in funds was a bit too much to believe given the length of time my money was invested and is still going up lol. I have lost £1500.00 so not the end of the world but would still like to get it back.

Linda Priest 12/10/2018

thieves and scammers

In my opinion Capital Xp are thieves and scammers,because i cant get my money out off them. I tried many times a withdrawal. At this stage there is a withdrawal pending. Joe Robinson and Paul Ray are the traders and there job is to get the public make investments and when the withdrawal off your money begin there is silence or a withdrawal rejected or 1 digit is gone so the amount is much less. I do not trust these people and will the first one to write a good review if i have all my money in my bank account in South Africa
In short they are scammers and thieves. Your money is not safe. Joe and Paul the greatest bullshitters i know.

chrisjan burger 11/29/2018

CapitalXP - withdrawal nightmare

They are immoral, and they are thieves in my opinion, they are reckless with other peoples money and they keep on pressurizing you to invest more and more money , even when you are at your limit.!
I have been taken advantage of by CapitalXP, many promises made and NONE kept.
I knew absolutely nothing about trading, first time ever.

One of their trading managers contacted me after I showed interest, a chap called David Rosenthal, and connected with me over team-viewer so that he could personally do the online trade for me.
He put me onto trades as I did not not how, and placed a Take Profit figure, but not a Stop Loss figure, stuff of which I knew nothing about at the time.
This caused a +- $10,000 loss for me.!

Joe Robinson or however his name is spelled also contacted me (The Boss), so did Michael Klein and many other people from his organisation, ALL they wanted was another opportunity to show me that they can make me money!!

They just would not listen to my complaint and kept on trying to get me to invest more money, which I did not want to do any longer, I just wanted my balance released and paid back to me. This has become a virtual nightmare!

I have been sending them e-mails to release my balance in my account, without success! Despite the many e-mails I have sent them, they are not responding by e-mail, all they do is phone and try to change my mind, having no success they then promise to release my remaining equity/money without success.
People keep on phoning me and promising me that the money will be released, however I still have not received my money, despite me supplying ALL the so called necessary paperwork they insist on having completed, absolving them of ALL wrongdoing. They would not even consider releasing my funds unless this paperwork was completed. I am at my wits end as to how to get my remaining funds back! I have send them e-mail upon e-mail , yet my money has not been released. Can you help me ? who do I contact for assistance.?

Please help me.

Henry Carr 11/08/2018

return of money

what can i do to get my money back

fay lutchner 11/07/2018

This is a scam

This is a scam....they told me that i would have a free trial for a week and i would get a bonus of 1000usd if i signed in today. The call came from hongkong from a Casey. Than i was asked to deposit 250 euros. An analyst David Hofmann called and asked me to invest another 1000 dollars, which i refused, he put in a few trades and left me hanging. Than i received that my account was at high risk of being closed since i has used up all my funds.

Beatrice Roch 10/31/2018

Cypress Call Center

A facebook link that a clicked and entered my number and got a call instantly. I have a new phone that told me the call was coming from Sydney which made scents cos I'm in Melbourne. Sounded like and Indian call center with allot of noise in the background, found out the lady that keeps calling me is in Cypress. Do not deal with these scammers

Matthew Oldenhof 10/04/2018

Harassed

I have clocked on a link from Facebook and since that day, I feel like I am being harassed, they call me from various numbers
Bloemfontein
Pretoria
Vereeniging
How these people get it right I don't know. I'm too scared to even answer my phone. Persistent.

Haadiyah 09/25/2018

CapitalXP Scam alert

Sun 23rd Sept 2018
Hi, I’m Gillian, a grandmother of 7 from South Africa, hoping to earn a few extra Rands. I came across this link: https://q-profit-blueprint.com and logged on then within few minutes received a call from a Casey Brians from Capital XP (says he is from Ghana been to the USA now working in Cypress for Capital XP) & explained how the trading system worked etc. The initial outlay is $250 (=R3625). As I only have R170 in bank, he said he would call me tomorrow 24th Sept’18 (which is a public holiday in SA, Heritage day) at 11am. The # he called from is: +27160040080, but now that I see the number it looks like it could be from right here in S.A.(+27 is SA). I feel like such a fool. However if you are able to use the abover info. Please let me know how it turns out.
Kind regards
Gillian Keys

Gillian 09/23/2018

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
de | cn | ru