Close Newsletter
South Africa newsletter
Signup for the newsletter and keep updated
about the best brokers and auto trading robots.
Exclusive promotion: get a free account

Get a free $10,000 demo account!

Your capital is at risk
Binary Options are prohibited in EEA

Capital World Market
Rating:
Binary Option Programs Award
Min. Deposit
$250
Min. Investment
N/A
Regulated Broker
No

Capital World Market Broker Review

  1. Capital World Market

    Capital World Market is an unregulated CFD and binary options broker, that has recently made news due to the official warning issued against them by the Canadian securities regulator British Columbia Securities Commission (BCSC). BCSC claims that Capital World Market is a suspicious entity and should not be trusted.

    So, does this mean Capital World Market is a scam? Find out all you need to know in our full review below.

    The 4 Account Types

    The CFD and binary options broker offers South African traders four different account types to choose from. The minimum deposit to open a regular account with Capital World Market is $250, which is the most common minimum deposit amount you will come across in the industry.

    Tip: Trade with IQ Option instead, the best regulated broker for South African traders with a minimum deposit of only $10!

    There are certain problems with the accounts listed below that all South African investors should be aware of. First of all, Capital World Market does not mention anything in these accounts or throughout their entire site regarding actual trading conditions such as leverage, spread or the minimum investment to open a trade. This is all crucial information and the lack of providing such information is an immediate red flag that shows no transparency or trust.

    Check out the limited information we could gather on each account below.

    Bronze Account

    • $250 minimum deposit
    • 50% bonus
    • Education center (level 1)
    • Trading support

    Silver Account

    • $500 minimum deposit
    • 75% bonus
    • Education center (level 2)
    • Trading support

    Gold Account

    • $3,500 minimum deposit
    • 100% bonus
    • Education center (level 3)
    • Trading support
    • Trading signal
    • Personal account manager

    Classic Account

    • $10,000 minimum deposit
    • 100% bonus
    • Education center (level 4)
    • Trading support
    • Trading signal
    • Personal account manager
    • VIP account

    You will notice that Capital World Market has several attractive bonus offerings. Always be careful before accepting a bonus from any broker and make sure to read the terms and conditions of that bonus very carefully. Many bonuses are more trouble than they are worth, as they require certain ridiculous terms to withdraw them that many South African investors never bother to look at and immediately accept.

    Trading Platform & Assets

    As for the available assets, Capital World Market gives South African investors the ability to trade over 330 underlying asset CFDs in forex, indices, stocks, metals and binary options. There are two platforms available – a classic web trader and the infamous MetaTrader4 (MT4) trading platform.

    Both options are highlighted below.

    Web Trader

    The Capital World Market web trader is a web-based platform that can be accessed directly from their website, when signing in to your account. Being entirely web-based means that to use this platform you won’t need to download or install anything onto your device.

    Each broker has their own web trader, which is usually the preferred option for complete beginners. The Capital World Market web trader is simple and easy to navigate, but does not work if you don’t make a deposit. Our team tried testing out the platform but got nowhere, which means there is no demo account or no way to test out the platform before depositing.

    MetaTrader4 (MT4)

    MT4 is the most recognizable trading platform online. Many South African traders always prefer trading directly with MT4, so it is always important to have the option available for users to decide which way they prefer. MT4 is commonly used by more professional traders, but its user-friendly interface can always be used by beginners as well.

    Customer Support

    Capital World Market proudly claims their customer support team is available 24/7. This is highly unlikely though, as the entire website is incredibly vague and links to nowhere. For example, when clicking on the social media profile links they give, they seem to be completely empty as nothing happens.

    The only way to contact Capital World Market is via email or phone (no South African number available). There is no live chat option available.

    Company Info & Payment Methods

    On the Capital World Market website, there is no mention of the company behind the CFD and binary options broker anywhere or even a physical address – which is incredibly suspicious. This anonymity is often a sign of a fraudulent company.

    As for payment methods, there is no information available on that front either. We assume the broker accepts basic credit cards (Visa, Mastercard) and bank wire transfers.

    Warning: South African investors are not advised to deposit any money with this broker.

    Conclusion: Capital World Market is a Scam

    Through our careful review and taking into consideration the recent warning statement against the company from BCSC, we have concluded that Capital World Market is a scam and South African investors should stay away at all costs.

    The main issues found that prove this broker is a scam are:

    • Capital World Market is not regulated under any entity
    • The BCSC issued a warning statement against trading with Capital World Market
    • Their entire website is suspiciously vague
    • There is no information on the company behind the broker or any physical address provided

     

    Instead of wasting your time with another scam in the industry, trade directly with the best, licensed broker for South African traders – IQ Option.

    You can also check out our lists below:

    Best Forex and CFD Brokers for South African Traders

    Best Automated Trading Robots for South African Traders

Capital World Market articles

Other Broker Reviews