Capitalix Review – Offshore Regulated Broker with Limited Trading Features
Capitalix Broker provides Forex and CFD services worldwide, excluding the USA and some other countries. Their official headquarters are in Seychelles and the owner is 4Sqare SY Ltd.
Since we all know why people open companies offshore. But not all offshore companies are bad by default. To find out more about this trading company read our unbiased Capitalix review.
|Broker status:||Regulated Broker|
|Regulated by:||FSC Virgin Islands, CySEC|
|Owned by:||Fibo Group LTD / Fibo Group Holdings|
|Headquarters Country:||Virgin Islands / Cyprus|
|Supported Platforms:||MT4 / MT5 / cTrader|
|Cryptocurrencies:||Yes – BTC, XRM, ADA|
|Types of Assets:||Forex, Indices, Shares, Commodities, Cryptocurrencies|
|Maximum Leverage:||Up to 1:1000|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Capitalix Does Have A License? – Details About Regulation
Having a trading license these days is crucial in trading. The importance comes from strict measures for clients’ fund protection and transparency. Important to realize is that not all regulations are equally strict. For instance, we can’t compare Tier 1 regulators with offshore ones.
Even though Capitalix broker is licensed by the FSA (Seychelles), they don’t have any Tier 1 regulation. We checked regulators like BaFin, FCA and ASIC and none issued a license to this broker ever.
For example, to get an FSA license broker needs to have $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 EUR depending on the authority.
A regulated broker with many negative reviews. Proprietary trading platform without advanced trading features. Offshore entity. Leverage higher than allowed worldwide.
What Traders Are Saying About Capitalix
Since the Capitalix Broker claims to be one of the most trusted we are wondering how they ended up with a such negative reputation. Out of 68 comments on Trustpilot, there is 75% of them with a 1-star rating.
Most traders complained about withdrawals that they couldn’t get. That’s exactly where traders can expect potential issues with Capitalix trading company. Even though they have a valid license, that doesn’t mean that they need to comply with it.
Trading Platform and Other Apps on Capitalix
To get access to the trading platform you have to complete the registration form first. After those reviews, we didn’t want to expose personal information. What we can see from the presentation is that it’s a proprietary web trader. Besides it is available for Android and iOS devices.
In general, proprietary platforms are not reliable as Meta Trader for instance. The main features of this web trader are market indicators, economic calendar and market sentiment. So, if you were looking for advanced features like social or copy trading better look somewhere else. Not to mention the algorithmic trading that Meta Trader has.
Capitalix ‘s Trading Assets and Instruments
Capitalix broker offers a wide range of trading instruments. They are divided into 5 major classes:
- Forex USD/JPY, AUD/NZD, EUR/SEK
- Commodities gold, natural gas, platinum
- Indices SPA 35, ITA 45, DE 30
- Shares Deutsche Bank, Tesla, Johnson & Johnson
- Cryptocurrencies ADA, DASH, USDT
Indeed, there are a lot of assets available. But if we are going to trust Capitalix reviews, assets potentially don’t matter at all. If you are going to have a potential issue with withdrawal it’s not worth the trouble.
Capitalix Countries Of Service
Capitalix broker claims not to provide services to the US for instance. But they mainly target traders from:
For countries like Switzerland, rules are everything. But if you see that traders have issues with an offshore regulated broker, look for Tier 1 regulated instead.
Types of Accounts Available With Capitalix
Capitalix broker has a straightforward account-type offer. Mainly benefits come from spreads and leverage. Those accounts are:
Another questionable fact about this broker is a welcome bonus. All across the EU, this is banned due to often hidden clauses. The minimum deposit requirement is only $100.
Can a Trader Use a Demo Account?
Capitalix broker provides access to a demo account indeed. A demo account is a great option to check the trading platform.
What is dangerous is that you get used to virtual funds. Once you decide to trade with real money, the experience is a whole lot different.
Negative Balance Protection
Another key point is clients’ safety. Many Tier 1 regulators have this feature as mandatory.
In fact, that keeps traders away from getting into a big debt. However, Capitalix broker doesn’t apply this feature.
Terms of Service for Capitalix
Firstly, this broker offers some suspicious deals. The welcome bonus is banned worldwide because of withdrawal issues. The trader is required to make a turnover of 100 lots for every $500 bonus. That’s a quite high target on verge of being reachable. Yet, it can’t be determined how much is made with a bonus.
Secondly, this broker charges a shamelessly high inactivity fee starting from 160 EUR up to 500 EUR. This is way higher than any other Tier 1 regulated broker would ever require.
As for funding methods this broker only accepts debit/credit cards and wire transfers.
Leverage, Spreads and Fees
Another risky aspect of Capitalix’s offer is its leverage. For trading with EU, AU or US clients maximum allowed is 1:30. Thus, this broker allows up to 1:200.
As for spreads that start from 3 pips for majors that are quite expensive. Especially knowing that the industry average starts from 1.5 pips. On the other side, none of the trading fees and commissions are presented on their website.
What Should I Do If I Have Capitalix Problem?
Primarily, we always advise sharing your story first. That way traders can see what potential issues they could expect. Secondly, you can seek a solution with their regulator. However, our expert fund recovery team can advise you on any topic regarding withdrawals. Even to assist you with a chargeback process.
Get in touch today and book your free consultation!
What Is Capitalix?
Capitalix is St.Vincent and Grenadines-based broker that offers FX and CFD trading services.
Is Capitalix a Regulated Broker?
Yes. The broker has an FSA license, but none more trusted Tier 1 licenses.
Is Capitalix Available in the United States or the UK?
Capitalix Broker doesn’t provide its services to any of the mentioned countries.
Does Capitalix Offer a Demo Account?
Yes. Besides live trading accounts traders can check the platform with virtual funds first.