CapitalXP is an unlicensed forex and CFDs broker that offers trading in most of the major markets such as forex, stocks, indices and commodities, but not cryptocurrencies. Note that CapitalXP does not offer their services to countries such as the USA, Belgium, France, Iran, Canada and North Korea.
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Capital XP offers investors five different account types to choose from (Basic, Silver, Gold, Platinum, Diamond), which they claim to be based on experience and preference. However, in the process of trying to figure out what extra features each account really offers, we noticed an obvious vagueness when it came to all the basic information.
First of all, they do not mention anything about what deposits each account would need (as this is usually the defining factor when upgrading accounts), nor do they provide any specific information regarding each account. In addition to the minimum deposit, there is also no mention of leverage, spreads or even trading costs anywhere across CapitalXP’s website. We listed the limited information provided for each account below.
For information regarding the Diamond Account, users are encouraged to contact their Account Manager.
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Users can trade over 120 CFDs in forex, stocks, indices and commodities with CapitalXP. As mentioned in the beginning of this review, they do not have any cryptocurrencies available for investors to trade.
As for their platforms, CapitalXP offers two different trading platforms users can choose between, depending on personal preference.
MetaTrader4
MetaTrader4, commonly known as MT4, is the world’s most popular trading platform. In order to have access to this powerful platform, investors are required to download it onto their desktop or mobile. Once your download is complete and you log in with your CapitalXP credentials, you will be able to trade like a pro through the official MetaTrader4 platform.
CapitalXP app can be downloaded easily on both Android and iOS devices and serves as a perfect solution for investors who want to trade on-the-go. Whether you want to quickly check your open positions or keep track of market news anywhere you are, the CapitalXP mobile app automatically gives you this ability by being able to easily access your trading platform from your mobile device. This application is a simple version of the MT4 mobile trading platform, that is often associated with professionals.
Before investing money with any broker, all users should be aware that trading always entails some risk and a proper education beforehand is always advisable. It is thus always essential that a broker provides certain education material to its users, to prepare them for trading and to teach them all the basic terms and tools at their disposal. CapitalXP offers education material in the form of videos, webinars and eBooks. In addition, they provide an extensive glossary of all the basic trading terms, an economic calendar and market news.
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CapitalXP customer support team is available 24/5 on live chat, email, phone or by filling out their online contact form. The website is also available in Russian, but no other language is available.
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CapitalXP is owned and operated by Quattro Holding Group LTD and they are located on the first floor , First St. Vincent Bank LTD Building, James Street, Kingstown, St Vincent and the Grenadines. They accept various payment methods and CapitalXP withdrawal can be processed with credit card (Visa, Mastercard), Qiwi Wallet, Yandex and wire transfer.
Upon close inspection of CapitalXP, our verdict is that users should be very careful and not invest any money with this broker. There are many scams in this industry and CapitalXP appears to be yet another one. They are an unlicensed broker with an especially vague site with no real information. These are all red flags and definitely proved to us that users should stay away from CapitalXP.Instead, they should choose to deposit their money only with regulated brokers that are a much safer bet.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Trade with an
award-winning broker
like IQ Option
