de | cn | ru

Kapitalfx Review - is it scam or safe?

Kapitalfx review - Is kapitalfx.de scam or good forex broker?

RATING: 1 / 1 REVIEWS Kapitalfx
Kapitalfx is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Kapitalfx is a unregulated forex and CFD broker, offering four account types with a leverage of up to 1:500 and the MetaTrader4 platform. The broker has a contact address in Germany, but they are not regulated by the local Federal Financial Supervisory Authority (BaFin), or by any other financial regulator in the EU. That significantly lowers the credibility of the broker, so if you are considering trading with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Micro Account $100 1:500 1,6 pips
Standard Account $500 1:300 1 pip
Premium Account $25 000 1:100 0,6 pips + 6 USD per lot
VIP Account $100 000 1:100 0,2 pips + 6 USD per lot

 

Kapitalfx Advantages:

 

Over 60 currency pairs

 

The selection of currency pairs on the Kapitalfx trading platform looks fine with lots of exotic and minor pairs like USDDKK, USDHKD, USDHUF, USDMXN, USDNOK,USDSEK, USDSGD, USDRUB, USDTRY, USDCZK, USDPLN and USDCNH. And there were also CFDs on gold, silver and oil. Still as there were no crypto assets available, here you may also check our list of brokers, offering bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage as high as 1:500

 

Since the European Securities and Markets Authority (ESMA) capped the maximum leverage with forex transactions on the European market at 1:30, following similar measures by the financial authorities on other major markets like USA, Japan, Canada and South Korea, you can get leverage as high as 1:500 either with unregulated, offshore brokers or brokers licensed in Australia - the only major regulatory hub where high margin trading remains unrestricted. As we noted Kapitalfx is not regulated so we would suggest you to check our list of brokers regulated in Australia:

 

>>Brokers regulated in Australia<<

 

Acceptable spreads

 

As tested with a demo account the benchmark EURUSD spread floated about 1,5 pips – 1,6 pips, which is more or less in line with what traders would usually expect with a standard account. Still, here you may also check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Acceptable minimum deposit requirement

 

The minimum deposit requirement to start trading with Kapitalfx is just 100 USD and this is also in line with what most other broker would require for a starting account. Still, have in mind that some well established players like FBS and IG do not have a minimum deposit requirement at all.

 

Kapitalfx Disadvantages:

 

No regulation

 

This is a major setback. As we noted  Kapitalfx is not regulated neither by  BaFin in Germany, nor by any other official financial regulator such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). And although the brokers is boasting to be based in Frankfurt am Main, Germany, we were not able to find the company behind it -  Altea Investments Limited in the German Commercial Register, the Handelsregister, so most probably it is based somewhere offshore.

 

Have in mind that trading with unregulated brokers is extremely risky, because most of them simply run scam schemes. 

 

Properly regulated brokers on the other hand are reliable, because of the strict oversight they are subject to, and because of the client compensation schemes supported by virtually all regulators in Europe and some others. For example if you are trading with a CySEC broker, the fund in your trading account will be guaranteed up to 20 000 EUR, even if your broker files for bankruptcy. Similarly, with a FCA broker your trade account insurance will cover up to 50 000 GBP. So here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Unusual withdraw and deposit conditions

 

Kapitalfx says they accept various payment methods, including credit cards like VISA and MasterCard, bank wire and e-wallets like Neteller and Skrill and IaccPay.

 

However, we came across several rather unusual clauses in their Terms and Conditions. For example you can withdraw funds only with a bank transfer (here the minimum withdraw amount is 200 USD), and also when making a deposit via a credit card, let say VISA, you will be required to use the “automatic voucher redemption” option, which will significantly complicate your case, if at some point you decide to file for a charge back with your credit card provider – something you might want to do, if you have been scammed.

 

 

MetaTrader4 provided by a third party

 

Kapitalfx say they support the MetaTrader4. However, when we dаunloaded the application, it was provided by a third party - Sky Hub, which is not very usual. In any case, MetaTrader4 is one of the best tailored trading solutions on the market, featuring numerous, customizable market indicators, advanced charting tools and also customizable trading robots, which will help you run automated trading sessions. Here you may check our list of brokers also supporting the MetaTrader4:

 

>>MT4 Brokers<<

 

Conclusion:

 

Kapitalfx is a low credibility, unregulated, offshore broker, about which we have suspicions that they are involved in scam. As always in such cases we strongly advise you to choose only form brokers with legit licenses from respectable financial authorities such as FCA, CySEC or ASIC.

Latest news about Kapitalfx
No news about Kapitalfx. Check back later.
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for Kapitalfx

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

 

 

Kapitalfx.de - Kapitalswiss.com

I had an account with Tradeu2 which they transferred to Kapitalfx.de and Kapitalswiss. They want you to keep adding money to the account but they make excuses if you want to withdraw.

Wisernow 07/13/2019
de | cn | ru