CapitalXP is a newly established Forex and CFD broker based on Saint Vincent and the Grenadines
|#||Broker's Features||CAPITALXP Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||✔|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review CapitalXP.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. CapitalXP offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds.
Tradable Products: Covers the Forex, commodities, stocks and indices markets
Broker Type: Many types of brokers can be found in the most dynamic market in the world. CapitalXP is Dealing Desk, STP.
Features: Supports MT4 desktop, web trader and mobile trading platforms
As CapitalXP offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. As a market maker, CapitalXP may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. CapitalXP recommended minimum capital is $250.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CapitalXP is regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: No regulatory oversight or investor protection available
Languages Available: Next lets have a look at each broker's different Language options. CapitalXP offers English.
Payment methods: Next lets have a look at each broker's payment options. CapitalXP offers Credit/Debit Cards, Bank Wire Transfer, QIWI different payment methods for each account types.
Deposit and withdrawal: Support major payment methods including Bitcoin
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, CapitalXP makes MT4 available to clients.
Web & Desktop Trading Platforms: Uses the industry proven MetaTrader 4 trading platform
Mobile Trading Platforms: Free mobile trading apps available on Google Play store and Apple App Store
Comprehensive educational resources comprising of video courses, webinars, and ebooks
Bonus and promotional offers not openly advertised
24/5 customer support available through email, live chat and telephone
From our observation, we noted that CapitalXP is lacking in several areas. First of all, it is an unregulated offshore broker. In addition, many critical pieces of information about the services that it offers are glaringly absent on its website. While the product itself seems to be just fine, the company needs to give more readily available information to be more transparent.
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.
Beginner friendly website with a solid educational section