CapXM Review – Top Reasons Why We Can’t Trust Capxm.com

CapXM broker claims to be registered in St. Vincent and Grenadines under the name CapXM LLC. Also,  the company claims to be a part of the CXM Global group of companies. Yet, there are a few discrepancies about it.

To find out what we are talking about read this CapXM review carefully. Otherwise, you just might get into their trap, which you obviously don’t want.

Legal Info: Is CapXM Legit Or A Scam?

CapXM broker doesn’t say at any point that they are regulated. Instead, they mention the CXM Global group of companies and their license with FSC Mauritius. Indeed, that license is valid. But there’s a catch. Neither the FSC register nor the CXM Global website mentioned CapXM broker. Therefore, they might be just stealing someone’s information.

However, even if the CapXM is licensed by FSC that’s quite a weak option. Instead, they should opt for Tier 1 regulations like FCA, BaFin or ASIC. But they don’t have any of those.

Who Are CapXM’s Clients?

According to the who.is, CapXM operates since 2015. Also, their so-called Group of companies was registered in 2020. Nevertheless, CapXM mainly targets traders from strictly regulated countries like: 

• United States
• United Kingdom
• Mexico
• India

Let us know what’s your experience with this broker and residence country. But also you can contact our refund team for a free consultation if you can’t get your money back.

Investment Costs With CapXM

Important to realize is that the CapXM broker doesn’t reveal any trading costs. Not even a leverage. Don’t you think that’s bizarre considering their statements about regulation? 

What they also did was prevent CapXM manual registration. Therefore, you can’t create an account and check the costs yourself.

Bonuses

For now, the company doesn’t mention any bonuses transparently. But don’t be shocked if you get similar offers while trading. Because they are not regulated and can offer you anything they want.

CapXM Trading Features

Practically, the company doesn’t reveal any trading-related information. Yet, they expect you to trust them with your money. There’s not even available CapXM app. Ultimately, the conclusion is that they are just luring new clients through fake adverts or social networks. Since you don’t have a sign up option on their website.

Is CapXM Legit?

Considering their mysterious approach, then no. Also, there is a suspicious regulatory status. Therefore, everything that the broker claims is questionable. Another great shady broker example you can find in our FXFair review.

Available Trading Assets

As for the trading assets, nothing can be confirmed. However, the broker claims to offer all 5 major classes. Those are:

• Forex – USD/JPY, AUD/HKD
• Indices – DowJones, S&P500
• Shares – Tesla, Netflix
• Commodities – gold, natural gas
• Cryptos – BTC, XRM

Account Types

CapXM price to start investing with them remains also unknown. Practically the company doesn’t have any account type separation. Neither do they reveal the minimum deposit requirement. But in our LQDFX review, you can see why it’s important to understand account offers.

Mobile Trading App

In fact, the company doesn’t reveal any details about the trading software. Not to mention the mobile app. But with their suspicious approach, it’s hard to believe that they have it. Obviously, CapXM strategy is to play on the surprise and pressure.

Demo Account

Same as anything else about this broker, demo account details are not disclosed. But can we really expect this broker to offer anything transparently? No. Whether they have weak offshore regulation or no regulation at all, it’s all the same.

Education

Another missing thing about this broker is the educational package. They don’t have not even a blog about basic trading strategies or principles. Not to mention something more advanced such as live trading sessions. In any case, for such options, you should rather stick with Tier 1 regulated brokers.

CapXM Withdrawal

Since the company doesn’t have a transparent withdrawal policy, this section remains a complete mystery. CapXM broker doesn’t reveal either withdrawal fees, processing time or methods. Therefore, the field is prepared for manipulations.

Also, keep in mind that brokers have a wide range of tricks to prolong the withdrawal process. Some of those are AML laws and verification issues, non-existent fees and taxes.  

Customer Support

With their anonymous approach, we hardly believe there’s much use of CapXM stocks broker support. They offer a UK phone line, most likely VOIP. But also an e-mail address. Thus, without any publicly available reviews, it’s hard to determine if it’s reliable or not.

Key Information To Consider About CapXM?

In the first place, it’s an offshore broker with shady regulatory status. After all, everything that they offer is completely mystified. Especially with non-transparent trading conditions and withdrawal features. Not to mention the non-existent client’s funds protection measures.

Therefore, you should choose a more transparent broker before you lose everything. But if you already have withdrawal problems with this broker, don’t hesitate to contact our refund team. The first consultation doesn’t cost you anything and doesn’t make you obliged to follow the advice. Get in touch today!

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