Capitalix Review: More Details About Capitalix Broker
Capitalix is a brokerage owned by 4Square (SY) Ltd, which is a Seychelles-based and licensed company. They are regulated by the Seychelles regulatory body FSA, which is considered a Tier 3 regulator.
But just because they are holding a license from the Tier 3 regulator, it doesn’t actually mean that they are an unsafe or unreliable company. Capitalix offers a very decent amount of trading instruments and also has very good trading conditions.
And you can find all the details about this broker in this Capitalix review, so you can make an informed decision about whether or not to work with them.
|Broker Status:||Offshore regulated broker|
|Owner:||4Square (SY) Ltd|
|Trading Instruments:||Forex, commodities, indices, stocks, crypto|
|Deposit Bonus:||Up to 100%|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is Capitalix Safe? License and Safety of Funds
Having a trading license these days is crucial in trading and it’s a must for all the companies that want to offer trading services. The importance comes from strict measures for clients’ fund protection and transparency.
That’s why it’s important to realize that not all regulations are equally strict. For instance, we can’t compare Tier 1 regulators with Tier 3 ones. But again, that doesn’t mean that Tier 3 regulators are actually bad.
In other words, it just means that the Tier 3 regulators don’t have that many strict rules a brokerage has to follow. For example, in order to get an FSA license, the broker needs to have at least $50,000 of maintaining capital but it’s not required to keep clients’ funds in separate accounts.
While with Tier 1 regulated brokers that is mandatory. Moreover, the minimum capital starts from €700,000 depending on the authority. As you can see, there are rules that even Tier 3 regulators need to follow and this means that trading with Capitalix is safe. But in the case, you want to work with a Tier 2 or Tier 1 regulator, we suggest you try out Trade Republic.
Accounts Types Offered by Capitalix
Capitalix broker offers five different types of trading accounts and which are:
- Basic – $250
We can’t say that we are very happy with the minimum deposit requirement as it’s too high for our taste. This is because a lot of better-regulated brokers will let you start with as little as $5. Some even with $0.
Additionally, there is no mention of the other minimum deposit requirement for the other account types. This just leaves us in the dark.
On the other side, accounts differ in leverage and spread, while Capitalix’s bonus amount increases with higher investments. On top of that, their leverage caps at 1:200, which is a standard leverage for Tier 3 and Tier 2 regulators, but it does the present danger for inexperienced clients if not used the correct way.
The great thing is that Capitalix did provide a Demo account for their clients who can test them out before actually depositing any funds with the company.
Trading Platforms Overview
From everything we’ve seen, the Capitalix trading platform is a simple Web trader, rather disappointing software without an actual value. Now, don’t get us wrong, there is nothing bad about the Web Trader, but in comparison to the amazing MetaTrader4 and MetaTrader5, it’s very basic.
The main features of this web trader are market indicators, economic calendar and market sentiment. So, if you are looking for advanced features like social or copy trading, better look somewhere else.
The good thing is that this Web Trader is available both as a web platform but you can also download the app on your phone, tablet or laptop. This is a great thing to use on the go as it’s easy and fast.
And in case you want to try out MT4 or MT5 there is a good broker you can try which is Flatex. They also offer a demo account so no need to deposit if you do not like what you see.
Trading Instrument Available
Capitalix offers access to several major markets, including:
- Currency pairs (Forex)
The spread starts at 3 pips for major currency pairs, which is double the average in the trading industry. As for the leverage, we have already mentioned that it caps at 1:200. But that is normal for the Tier 2 and Tier 3 regulators, but inexperienced clients must be very careful as this can be very dangerous if not used correctly.
Deposits and Withdrawals Methods On the Capitalix website, you can see that the broker offers the following deposit methods:
- Visa or Master credit or debit card
- Maestro card
We have to give credit where it is due. Capitalix has a great variety of funding methods. And as for the withdrawals, they are executed 72 hours after the request and after that it takes 4 to 8 business days for you to receive the money.
We can’t say that we are happy with that, as that is quite a long period of time and there are other regulated brokers that can do that in much less time.
But when it comes to the fees associated with both the deposit and withdrawals, there is none. On top of that, you can get the withdrawals the same way you deposited, which is great.
Capitalix Customer Support
Capitalix really tried their best to help their customers in every shape or form they might need. They have an email address you can contact them on as well as over 10 phone numbers so you can easily reach them from your country.
Moreover their working hours are Monday through Friday from 6am to 6pm, which is an impressive availability.
For any other questions you need answers promptly there is also a live chat feature as well as a thorough FAQ section where you can find almost anything you need.
The FAQ’s section is very comprehensive and there you would most likely get answers to many of your questions. Additionally, you can reach Capitalix via social media on Facebook, Twitter, LinkedIn, and YouTube or even Play Store.
Lastly, for their clients they have also provided a Telegram channel you can follow them on to get any updates about trading or financial markets in general. Overall, this is a great dedication to the customers and it shows that Capitalix is serious when it comes to the users satisfaction.
Capitalix Overall Summary
To summarize everything that we just said, Capitalix is an offshore broker based in Seychelles. They are in fact regulated by Tier3 regulator FSA, which can give you some sense of security. However keep in mind that many brokers choose to operate offshore because in these places it is much easier to get a license and regulations are much less strict. This does not mean they are necessarily bad brokers but just means that the trading conditions are not controlled in the same way.
As for the minimum deposit, it is set at $100, which is not that high but still a bit more than what most regulated brokers ask for. The leverage is also much higher with the maximum of 1:200.
The customer support is not bad as they are at your disposal 24/5 and have a live chat function that can help you with any minor questions that you may have. In addition to this, the broker also provided over 10 phone numbers so you can easily contact them from the country you are in. There is also a telegram channel you can follow for any additional questions or updates.
Lastly, regarding their trading platform, the broker only offers web trader, which is a huge disadvantage for traders that got used to trading on platforms like MT4 or MT5. Metatrader platforms have been an industry standard in the last few years but if you are unfamiliar with them and want to try them out, you will need to choose another broker.
FAQs About Capitalix Broker
What Account Types Does Capitalix Offer?
Capitalix offers five different account types for their traders. They are basic, silver, gold, platinum, and VIP.
Does Capitalix Offer a Demo Account?
Yes, like many other regulated brokers Capitalix does offer a demo account for potential traders.
What Are The Deposit Methods and Fees at Capitalix?
According to the broker’s website the deposit methods are credit cards and wire transfers and there is no fee for these transactions.