CapitalXP is an offshore unlicensed Forex and CFDs broker that allows South African traders to place trades in forex, stocks, indices, and commodities. This broker has several restrictions and the most important one is that it does not accept traders from the following countries: USA, Belgium, France, Iran, Canada, and North Korea.
CapitalXP Demo Account
On its website, the broker has different account versions according to the categories and their capabilities. What surprised us at the very beginning is the huge lack of information that this broker is providing to traders.
First, the traders cannot find any information about the minimum deposit or even leverage, spread or trading cost information. Unfortunately, there is no CapitalXP demo account. However, CapitalXP listed some of the information for each account and we decided to present it to our traders:
CapitalXP Basic Account
- Educational webinars
- Introduction to financial market
- Platform introduction
- Dedicated account manager
- 1 on 1 tutorial
- Long- and short-term strategies
- Risk management
- Personal Skype service
- All Basic Account benefits
- Sentimental analysis
- Fundamental analysis
- Technical analysis
- Trading signals
- 1 on 1 MT4 course
- Senior account manager
- All Basic and Silver Account benefits
- Advanced trading strategies
- Better spreads
- Private webinar with an expert
- Live trading with an expert
- All Basic, Silver and Gold Account benefits
- Daily market brief
- VIP webinars
What was really interesting is that CapitalXP does not provide any information about this account. To see more, traders need to contact CapitalXP Account Manager.
This broker uses more than 120 different CFDs in forex, stocks, and indices. As we already mentioned, with CapitalXP traders cannot trade cryptocurrencies. As for the platforms, we learned that with CapitalXP traders can use two different platforms:
In order to use world-famous platform Meta Trader 4, traders need to download it on their mobile or desktop. Once traders download it, they will get username and password required to use it and their account will be linked with the account made on CapitalXP. This powerful platform is recognized across the world between traders and every day more and more people are using it.
CapitalXP mobile application can be downloaded both, on Android and iOS devices and these two are the perfect solution for traders who are traveling or constantly on the move. As this broker claims, this application is a simplified model of MetaTrader4 and traders love the opportunity to be able to trade anytime and anywhere. What is important to note, is the internet connection traders need to have available at all times.
This broker helps all beginners to enhance their learning before they decide to invest real money. At the broker’s website, South African traders can find different education materials, eBooks, webinars and educational videos. All these materials are free to use, and we advise our South African traders to prepare themselves by learning from the materials provided.
At the time of our research, we managed to contact the customer support team. Basically, the customer support team works 24/5 and is available on live chat, telephone, email or by filling their online contact form. It is important to note that traders prefer when they have access to a customer support team and when they can find out any information needed for trading.
CapitalXP broker is operated and owned by a company called Quattro Holding Group LTD. This company is located at St Vincent and the Grenadines. The available payment methods for this broker are credit card (Mastercard, Visa), bank wire transfers, Qiwi wallet, and Yandex. This broker is unlicensed and there are a lot of red flags pointing that this is a scam. We advise all our South African readers to stay away from this type of broker and choose regulated brokers for added security and benefits.
We did not receive any complaints about CapitalXP scam, however we would advise that instead of this unlicensed broker, you consider trading with IQ Option South Africa – the best regulated broker for South African traders!