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CB Capital Review - is it scam or safe?

CB Capital Review - is cbcapital.eu scam or good forex broker?

RATING: 3 / 1 REVIEWS CB Capital
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 Trading Accounts

 

Account type  Minimum deposit Minimum trade size Maximum leverage Spreads (& Commission)
Classic $500 0.01 1:200 From 1.6 pips
Pro $2 000 0.01 1:200 From 0.8 pips + $5/lot
Prime $25 000 0.5 1:50 From 0 pips + $5/lot

 

CB Capital offers its clients a choice of three account types, based on the initial amount deposited. The default leverage for all the above-mentioned accounts is set to 1:20, however the maximum leverage available to Classic and Pro account holders is 1:200. Scalping is available on all account types, but on Pro and Prime it is monitored.

 

The broker claims that all accounts offer STP/ECN execution, but in the Client agreement of CB Capital it is stated that the Company acts as the dealer and is counterparty to any client orders placed. This basically means that CB Capital acts as a Market Maker.

 

The Company. Security of Funds

 

Company

Country

Regulation

CB Capital Business Ltd

Cyprus

CySEC

 

CB Capital is a Cypriot broker that offers trading in currency pairs, equities, as well as commodities and indices CFDs. The company that operates the site and the brand, CB Capital Business Ltd., holds a license from the Cyprus Securities and Exchange Commission (CySEC). 

 

Cyprus is currently one of the most popular forex broker hubs due to its well-balanced financial regulation, rather favorable tax regime and developed technology sector. Besides, Cyprus is a part of the European Union and therefore every CySEC- regulated broker is entitled to offer cross-border services in all EU Member States under the MiFID rules.

 

Moreover, there is the Investor Compensation Fund, which can pay compensation up to €20,000 EUR per person, If a licensed company becomes insolvent.

 

In order to be able to operate as investment firms and benefit from the above-listed provisions, Cypriot forex brokers are required to maintain a certain capital (EUR 730 000), keep client funds in segregated accounts, regularly reports transactions to the Commission and many more.

 

Trading Conditions

 

Minimum Initial Deposit

In order to open an account with CB Capital, traders have to invest a minimum of $500. Such minimum initial amount is a bit high, considering that other Cyprus-based brokers require significantly lower initial investments. For instance, FXTM demands just $5 from its clients as a start.

 

Spreads & Commissions

CB Capital offers variable spreads, which, however, are not very temping. The ones on the commission-free Classic accounts start out at 1.6 pips for the EUR/USD, which means that the broker’s typical spreads for this pair would be at least 1.8 pips. Average trading costs on Pro accounts also amount to around 1.5 pips per standard lot, commission included, which is on the upper end of average and the initial investment required for that account is quite high.

 

By comparison, with an initial investment of $500 with FXTM, one may use average spreads of 0.7 pips on EUR/USD, charged with commission of $4 per standard lot (round trip). For further information, you may look up real-time spreads of some of the leading forex brokers at our special page.

 

Leverage

As we have already mentioned in the present review, CB Capital has set a default leverage of 1:20, which is even lower than the one CySEC requires (1:50). Nonetheless, clients can request a higher leverage up to 1:200, should the product be deemed appropriate for them. Such leverage levels are considered average for the forex market; however, most Cyprus-based brokers still offer higher leverage levels - for example, XM provides leverage up to 1:888, and FXTM 0 up to 1:888.  

Trading Platforms

 

CB Capital says it supports both MetaTrader4 (MT4), as well as its successor, the MetaTrader 5, but we only found information about the latter on its website and only MT5 is available for download. Nonetheless, we could not log into a demo account ant test its services.

 

While most of the functionalities of the two platforms are pretty similar, there are a few improvements in the MT5. For example, some modules are detachable, which allows multiple monitor support. However, the MT5 also has certain drawbacks, such as the fact that custom technical indicators and Expert Advisors  created for MT4 do not work on the new platform.

 

Methods of Payment

 

The following payment methods are available to CB Capital clients: credit/debit cards, bank wire transfer, Skrill and Neteller.

 

Withdrawals above $200 are exempted from fees.

  

Conclusion

 

CB Capital is a forex & CFD broker regulated in Cyprus, which is seems its biggest plus. However, it acts as a Market Maker, requires rather high initial investments and its spreads are not the best in the sector. Besides, it appears that free demo accounts are not available with CB Capital. To sum up the above:

 

Pros

Cons

Well-regulated 

Spreads comparatively high 

MT5 offered

MT4 not available?

 

Comparatively high initial deposits required

 

No demo accounts?

 

Latest news about CB Capital
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Traders` reviews for CB Capital

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

 

 

CB Capital не выводят мои деньги

Евгений Дубров(так он представился)сегодня сказал мне,что мои 700$,что я вложила в их систему с кредитной карты,она мне заработала 4570,48$.Чтобы вывести свои 700$,я должна уплатить налог в сумме 735$.Что это процент за выигрышные деньги и только тогда я смогу вывести свой выигрыш 4000$,а 500$ оставить для дальнейшей работы.У меня таких денег нет,я сняла все с кредитной карты.Похоже,что я подарила им 700$,а кредитную карту буду выплачивать.И непонятно для чего они потребовали копии документов-паспорта,кредитной карты,выписки из банка,страхового свидетельства и даже счета за оплату комунальных услуг.Кто-то может мне объяснить куда я попала?


Translated by Google:

Can't withdraw my money

Yevgeny Dubrov (so he introduced himself) told me today that my $ 700 that I invested in their system with a credit card, she earned me $ 4,570.48. In order to withdraw my $ 700, I have to pay tax in the amount of $ 735. This is a percentage for winning money and only then I can withdraw my winnings of $ 4,000, and leave $ 500 for further work. I don’t have that kind of money, I’ve removed everything from my credit card. It seems that I donated $ 700 to them, to pay. And it is not clear why they demanded copies of passport documents, credit cards, bank statements, insurance certificates and even bills for the payment of utility bills. Someone can explain to me where I got?

Наталья 11/14/2018
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