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GoCapitalFX Broker Review

GoCapitalFX Broker Review
Borina
GoCapitalFX is an online forex broker that we decided to review as they offer an interesting variety of trading assets, as well as a demo account. We always find such features to be interesting, but also want to see if this broker is something we can recommend to our readers. Before you start trading with... Read more
GoCapitalFX is an online forex broker that we decided to review as they offer an interesting variety of trading assets, as well as a demo account. We always find such features to be interesting, but also want to see if this broker is something we can recommend to our readers. Before you start trading with GoCapitalFX, make sure to read our independent review. We covered all important features: from account types and demo account to trading platform, education and deposit methods. Also, in this GoCapitalFX review, you will find out if this broker is a scam or not!
  1. GoCapitalFX is an online forex broker that we decided to review as they offer an interesting variety of trading assets, as well as a demo account. We always find such features to be interesting, but also want to see if this broker is something we can recommend to our readers.

    Before you start trading with GoCapitalFX, make sure to read our independent review. We covered all important features: from account types and demo account to trading platform, education and deposit methods. Also, in this GoCapitalFX review, you will find out if this broker is a scam or not!

  2. Conclusion:

    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!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk
  3. GoCapitalFX Special features

    GoCapitalFX doesn’t offer any special account types. This means that all traders get the same treatment, no matter how much they deposit. While we appreciate the democratic approach, we also believe that more advanced traders need more advanced features and services. This broker doesn’t publicly display the deposit amount required to open a trading account. This means that you will have to give your data to the broker before even knowing how much you have to deposit to start trading.

    For the purpose of this GoCapitalFX review, we opened a trading account. The registration is pretty straightforward in the beginning – all you have to do is fill out an online form. But then things get complicated, as your account has to be approved. We didn’t get the approval before publishing this review.

    GoCapitalFX Demo Account

    GoCapitalFX has a demo account that is available on the MetaTrader4 platform. Demo account is always a useful tool that traders can use before they start real trading. With your virtual money, you can learn how to trade, test your skills and improve your knowledge. Please understand that the demo account doesn’t bring any profit, but it helps you gain precious knowledge. All you have to do is use your demo, and once you start real trading, you will already be familiar with the platform and all its features.

    Demo account is popular among all types of traders as it not only allows to improve your trading skills but also to see what the platform looks like.

    GoCapitalFX Islamic Account

    GoCapitalFX also offers an Islamic account, specially tailored for those of Islamic faith. This is a swap-free account that is designed according to the rules of Sharia law. This means that no side makes commissions on behalf of the other side.

    Traders can’t activate this account by themselves. They have to contact customer support first, and then only get the Islamic account. Considering how it first takes some time for the regular account to be validated, you will also have to wait for an Islamic account to be activated. GoCapitalFX doesn’t offer more information on this service.

  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  5. Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  6. GoCapitalFX Trading software

    GoCapitalFX is using MetaTrader4 platform provided by MetaQuotes. This is one of the most popular platforms in the industry. With MetaTrader4, traders can place trades on multiple devices and use different features, based on their level of knowledge and previous experience.

    MT4 Web Trader

    This is the web-based version of MT4. Traders don’t have to download it, but can use it directly from the internet browser of their choice. It is compatible with all operating systems so it doesn’t matter whether you use Windows, Linux or something else. Also, it has reliable data protection. MT4 web-traders supports:

    • One-click trading
    • Trading history
    • 30 technical indicators
    • All types of trading
    • Real-time quotes
    • 9 timeframes

    Web trader is especially popular among beginners as it is very easy to use and straightforward when it comes to trading.

    MetaTrader4 for Desktop

    Many traders use desktop version as well, but those are mostly more advanced traders. MetaTrader4 for desktop requires download and can be installed on any device that can be connected to the internet.

    • The desktop platform offers
    • Online quotes
    • Interactive charts
    • 23 analytical objects
    • 30 technical indicators
    • Free indicators
    • Trading tools
    • Upgrades
    • Mobile App

    GoCapitalFX doesn’t mention the mobile app, but we know that Mt4 comes as a mobile trading app as well. All you have to do is download it from the app store and install it. It is very convenient and helps you trade no matter where you are. Also, mobile trading apps are an amazing tool that helps you in following the trading progress. Thanks to them you can open and close positions at any moment instead of having to wait to come home.

    GoCapitalFX also has an MT4 manual that traders can use to learn more about the platform.

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  8. GoCapitalFX Support information

    GoCapitalFX doesn’t have a live chat customer support, which can be a major turn-off for many traders. Having live chat support means that you are available for assistance 24/5. Traders don’t like to use email or phone because it costs time and money.  With live chat, they get almost instant answers and can easily continue trading. Professional agents are of crucial importance, but we didn’t manage to test it, as there is no live chat available.

    Modern brokers often add WhatsApp and Skype, in addition, to live chat so they can be at disposal to their users whenever needed.

    GoCapitalFX educational section is not as impressive as we hoped for. Traders get access to some very basic articles on different assets and an MT4 guide. There is also an FAQ section where you can find more information. Still, it lacks some general materials on different strategies and analysis that could help traders improve their trading skills. Even though there is a free demo account, it doesn’t mean they can benefit from it without knowing how to use it.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  10. GoCapitalFX Payment Methods

    As we already mentioned, GoCapitalFX doesn’t give us the information on minimum deposit. Minimum withdrawal is $50. In terms and condition we also found mentions of bonuses, even though they are not advertised on the website.

    Bonus policy state show the trader must fullfill all bonus trading conditions in 60 days. Also, they have to reach the minimum trading volume of bonus amount divided by four (4) to be able to withdraw the money. In case you accept the bonus, you can’t withdraw any profits before reaching the requirements. Trading volume is calculated only with FX pairs, and not with CFDs trades. Also, the broker may change trading conditions at any time. You can get up to 100:1 leverage on bonus added.

    This broker is operated by Lancelot Equity Ltd.

    Is GoCapitalFX a Scam?

    It is impossible for us to say that GoCapitalFX is a 100% scam, but we believe there are better broker out there. For example, there is no minimum deposit listed on GoCapitalFX website, and bonus policy can be misinterpreted and bonus rules manipulated. We rather recommend trading with IQ Option.

  11. Conclusion:

    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!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  12. Your capital is at risk
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