CapitalXP Review A Scam or Legit Forex Broker
Table of Contents
Beware CapitalXP is a Non-Regulated broker. It is NOT SAFE to trade.
* Company name: Quattro Holding Group LTD
* Registration/license: St. Vincent and the Grenadines
* Registration/license requirement: USD 2,000About CapitalXP
Registered inSt. Vincent and the Grenadines
Type of LicenseOffshore License
Is CapitalXP safe to trade? The answer is a clear No
CapitalXP is a Forex and CFDs broker, owned and operated by Quattro Holding Group LTD, registered on St. Vincent and the Grenadines.
It is a popular destination for forex brokers because the registration procedure is simple and low-cost, and they face limited regulatory supervision, if any.
It is important to remember that the company’s registration has nothing to do with the regulation and may confuse those who have just started searching for brokers to invest with.
The website provides two contact phone numbers (Russia and United Kingdom); however, neither the broker, not the company behind it is regulated in these or any other countries by the official financial regulators. Also, the website supports English and Russian languages, which only confirms that CapitalXP has been targeting people from these countries without any legal right to do that.
Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers.
That’s why we recommend choosing among the brokers regulated with the mentioned authorities.
What does CapitalXP Offer?
CapitalXP has different trading accounts to suit traders’ preferences, skills, and requirements.
CapitalXP claims to cater to both the newbies and the gurus of trading. The broker offers five trading accounts, all of which have been summarized below.
- Dedicated account manager
- Trading platform and financial market introduction
- Free educational materials and webinars
- Sentimental, Technical and fundamental analysis
- Personalized tutorials and Skype sessions
- Risk management
- Induction on market strategies
- All basic account features
- Trading signals and alerts
- Advanced trading strategies
- One-on-one MT4 trading course
CapitalXP Deposits and Withdrawals
Deposits are processed immediately except for those made through bitcoin and wire methods.
- Bitcoin takes around 15minutes to one hour for processing.
- Bank wire takes up to 5 business days. Withdrawals are processed no earlier than 24 hours and no later than seven days.
The minimum deposit amount is $250, and the minimum withdrawal amount is $50.
Withdrawals are charged a commission fee of 3.5% to 10%, depending on account type and payment methods.
If your account has been dormant for 21 days or more, CapitalXP charges the trader a fine of 50 EUR.
A further 50 EUR is charged after 14 days of continued inactivity. This happens until the account balance is depleted.
CapitalXP Trading Platforms
CapitalXP uses the trendy MT4 trading platform.
The platform can be offered in different languages and nine different time frames, different chart formats and different colour themes.
Capital XP Bonuses
CapitalXP offers limited bonuses and promotions that aren’t fully advertised on their website.
To get the complete details about the ongoing promotions, traders need to reach out to their account managers since they are constantly changing.
From this reply, it shows that CapitalXP has a welcome bonus:
Every week, we usually have promotions of as little as $250 up to $500 for our newcomers.
This week, there are only 2 bonuses remaining. The bonuses are randomly distributed to new clients when request is sent to the financial department.
CapitalXP Customer Service
CapitalXP has a team of customer support available 24/5 a week. Support is offered in English, Polish, German, Norwegian, and Russian. If you encounter a problem in the course of trading, you can contact the support team via the following channels; email (email@example.com), live chat, and you can complete a form online.
You can also request a call-back by clicking on request call-back on the top section of the CapitalXP website. You will decide on the most suitable time and day for speaking with the support, and they will contact you at your requested time. The customer support reps are professional and are prompt to respond to customer inquiries. Their response time is also impressive. For instance, while conducting this CapitalXP review, the live chat representative was readily available in less than a minute of initiating the chat.
CapitalXP Education and Resources
CapitalXP has some of the most insightful and informative educational materials for its customers. These materials consist of webinars, videos, e-books, and a detailed glossary. The educational materials are suitable for both novice and veteran traders. The video-on-demand is the most valuable option. The videos are precise, short, and each recording covers a different topic. For instance, new traders can learn trading basics such as charts ask/ bid prices, and they can then progress to more advanced topics, such as resistance levels, supports and technical analysis and more.
Advanced videos on so many topics, such as trading strategies, trading psychology, technical indicators, are also available. To access the materials, traders will be required to register an account with CapitalXP. It’s worth opening an account with CapitalXP and reading the content provided because you earn points every time you read the range, which you can later redeem.
CapitalXP offers numerous payment methods that are convenient for traders all over the globe. You can make deposits and withdrawals using the following methods.
- Cards – Visa, MasterCard
- Qiwi wallet
- Wire Transfer
CapitalXP allows traders to hold accounts in Russian Ruble, GBP and USD. You need to select your preferred currency when opening
your CapitalXP trading account.