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CapitalPanda Review - is it scam or safe?

CapitalPanda review - Is capitalpanda.com scam or good forex broker?

RATING: 3 / 1 REVIEWS ForexBrokerz CapitalPanda
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CapitalPanda is a forex broker, regulated in Cyprus, offering a good selection of currency pairs – well over 60, as well as CFDs on various asset classes, including energy and soft commodities, indices and stocks with a leverage of up to 1:30 (which is in line with the latest pan- European regulations) and the MetaTrader5 platform. And you will be able to open a trading account with just 100 USD. Here are some details about their offer

 

Account type Min. deposit Max. leverage Spreads/ Payout
Standard Account $100 1:30 3 pips

 

CapitalPanda Advantages:

 

Regulated by CySEC

 

CapitalPanda is a registered brand name of Ox Capital Markets Ltd., a Cyprus Investment Firm (CIF), supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence No 274/15. See for yourself:

 

 

Trading with a properly regulated broker is of crucial importance for the safety of your funds. Unlike offshore brokers, regulated brokers are obliged to keep all clients funds in a segregated, separate from their own, trust account, to guarantee traders a negative balance protection, to file regular reports, to allow external audits and even to insure some of the trading capital.

 

Thus, traders dealing with a CySEC regulated broker will also benefit from an Investor Compensation Fund - a special client compensation scheme, that will guarantee up to 20 000 EUR of your funds even in the unlikely event your broker happens to be insolvent. So here you may check our list of brokers regulated in Cyprus:

 

>>Forex brokers in Cyprus<<

 

Bear in mind as well that CySEC, along the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) is one of the most popular regulatory hubs in the forex industry, providing both operational flexibility to the brokers and complete safety to traders.

 

And besides a CyCEC license gives the broker the right to offer financial services in all the 28 EU member states, after going through a process of formal passportization.

 

Over 60 forex pairs and various other CFDs

 

The list of trading instruments offered by CapitalPanda is truly comprehensive – 62 currency pairs, some of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK and USD/CNH, as well as CFDs on precious metals like silver and gold, energy commodities like Brent and West Texas Intermediate Crude oil,  and a number of other soft commodities like cocoa, coffee, cotton and sugar.  And CapitalPanda also offers CFDs on 14 major indices and stocks. As we do not see crypto assets however, here you may also check our list of brokers trading with bitcoin CFDs:

 

 >>Bitcoin Forex Brokers<<

 

You can open a trading account with just 100 USD

 

That is in line with the best practices on the market as most brokers require a minimum deposit of about 250 USD. Still, bear in mind that some big and well established brokers like FBS and IG will let you start trading with just 5 USD or so.

 

MetaTrader5 supported

 

Along MetaTrader4, MetaTrader5 is by far one of the most reliable and functional trading solutions on the market. It features numerous customizable market indicators and trading robots with the help of which one can easily run automated trading sessions. And because MetaTrader5 is equipped with a set of advanced charting tools, here you may check our list of brokers offering the platform as well:

 

 >>MT5 Brokers<<

 

CapitalPanda Disadvantages:

 

High spreads

 

The spread on the benchmark EURUSD pair is said to be 3 pips (no trading commission taken) and we find that a bit saltier for our taste. Bear in mind that spreads are considered attractive only if they start below 1,5 pips without a commission. So here you may check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Only credit cards and wire transfers accepted

 

CapitalPanda accepts payments with credit and debit cards like VISA and MasterCard and bank wire transfers. No popular e-wallets like Neteller and Skrill are accepted however, so here you may also check our list of brokers accepting payments with Skrill:

 

>>Brokers accepting Skrill<<

 

Conclusion:

 

CapitalPanda is a legit and properly regulated broker, where your deposit will be safe. And they also offer a wide variety of trading instruments on a highly reliable platform – the MetaTrader5. On the negative side however, their spreads could have been much more tight. 

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Traders` reviews for CapitalPanda

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