Archives: Brokers

Is Capitalix Scam or Legit Broker?

No, it is not safe to sign in with Capitalix. The reason is that the broker has only offshore registration under Seychelles (registration number 8426168-1). It is a well-known fact that offshore brokers do not provide sufficient trading conditions and do not follow specific rules and requirements. 

• Besides, based on the information provided on the Capitalix website, the broker has a Cyprus registration (HE404118). However, the regulatory body in Cyprus is CySEC which oversees financial activities in the country, and clearly, Capitalix does not have a license issued by this particular authority therefore is not eligable to offer Forex Trading.

What is Capitalix?

According to the broker’s website, Capitalix provides an extensive selection of about 150 forex currency pairs, commodities, stocks, indices, gold, silver, oil, bitcoin, and various other cryptocurrencies. The broker also claims to be awarded by the Global Brands Magazine as the fastest-growing forex broker in GCC.

• However, research showed that Capitalix does not hold any license from top-tier agencies. In fact, it has a Seychelles registration which is known offshore zone (registration number 8426168-1 holder of an FSA license with number SD052 and registered address at CT House, Office 9A, Providence, Mahe, Seychelles). Read Why Avoid Offshore Brokers here. 
• Also, the broker claims to be registered in Cyprus (4Square (CY) Ltd, registered in Cyprus with registration number HE404118 and registered address Makariou ΙΙΙ, 256, CHARAKI COURT, Flat D4, 3105, Limassol, Cyprus). Yet, all financial firms located in Cyprus should hold a license from CySEC which is not the case with Capitalix. This means, that trading with the broker might lead to financial risks.
• Besides, our further research showed that most customers are dissatisfied with Capitalix and sharing Capitalix Fraud experience. The feedback of traders in Forex trading is crucial, and it is one of the first things to look for when choosing a broker. One of the most common complaints about Capitalix among the traders is the insufficient withdrawal process, and constant calls from the company, asking clients to deposit more money. In trading, this is a common practice among scam brokers.
• We strongly advise all traders to sign in with regulated brokers only. In Forex trading safety of funds is the key point, and finding a reliable broker with good standing and top-tier licenses is crucial. Here is our recommended list of registered brokers. 

Overall Capitalix Ranking

Our research revealed problems regarding Capitalix safety and regulations, so we do not rank positively Capitalix, based on our Expert Opinion with over 10 Years of experience in Trading.

• Capitalix Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Capitalix Alternative Brokers

Taking into account our findings and issues with the reliability of Capitalix here are much better Alternatives to Capitalix with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• Trading 212 – Good Instruments and CopyTrading
• FXGT – Low Spreads and Competitive Trading Conditions
• XM – Wide Range of Trading Opportunities

Deposits and Withdrawals

Capitalix offers different funding methods for deposits and withdrawals, including credit cards, and bank wires. The broker also mentions that it is determined to expand its funding methods.

• We found that the minimum withdrawal amount via wire transfer is $50.
• According to the website, the Company processes all withdrawals within a span of 3 business days. The exact date of the refund relies on the specific conditions of clients' banks.
• However, it is concerning, that the most part of the negative reviews from customers is for the insufficient withdrawal process. Thus, we advise traders to be very careful and sign in with brokers with years of experience and positive feedback from traders.

Account Types

Capitalix offers a range of account types: Basis, Silver, Gold, Platinum, and VIP which provide different conditions and trading opportunities once you follow with Capitalix Login and choose desired account type. Spreads for Basic accounts start from 3 pips, and are higher than the market average. For VIP accounts spreads are considerably low (starting from 0.3 PIPS).

Yet, the Capitalix App does not offer a Demo account, which is a drawback especially for new traders, as Demo accounts enable traders to practice before starting real trades. 

Capitalix Review Conclusion

Based on our experience and Capitalix Review, we strongly advise against trading with this broker. It is highly recommended to avoid engaging with offshore and unregulated entities, as many traders ask if Capitalix Real or Fake. Since Capitalix is only offshore based Broker it is rather fake Capitalix trading offering since you do not know how exactly broker operates as no serious regulator oversee its operations. Besides, Broker offerings are not particularly appealing, considering there are numerous reputable brokers that provide better trading conditions while ensuring safety and security.

We recommend individuals and firms to exclusively trade and invest with brokers that are regulated by trustworthy authorities like the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or similar reputable regulatory bodies. These authorities offer compensation and enforce stringent supervision, ensuring a higher level of safety and protection. We would better advise to consider reliable brokers such as FP Markets, Go Markets, and HFM which not only provide excellent trading conditions but also maintain a solid track record in the industry.

• Overall ranking and experience for Capitalix is Negative

Is MTrading Scam or Legit Broker?

MTrading is not a safe broker to sign with. The reason is evident: the Broker does not hold any serious license that provide safe trading condiitons. On its website, the broker mentions that MTrading operate via Nevis entity and SVG entity, which is owned by Finvest Solutions Limited, with a registration number of 55504.

• While in fact, Nevis or SVG is an offshore jurisdiction for forex brokers. Which has low set-up requirements and minimal regulation towards Forex Trading, which is rather just registration of the company but not overseeing of how broker operate. Therefore lack of regulatory requirements can also lead to potential risks of frauds for traders who choose to sign up with any offshore brokers. Read Why Avoid Brokers SVG

What is MTrading?

Founded in 2012, MTrading offers a range of financial services and trading instruments, including Forex, CFDs, and Crypto. On its website, MTrading claims to be a leading broker in the field, with numerous awards and favorable offerings, access to the most popular trading platforms, education resources, and news. Another attractive proposal of the broker is that it enables traders access to Rebate services.

• However, the most important aspect of Forex trading still remains safety and reliability. In this respect, MTrading apparently lacks. Since MTrading is an offshore broker registered in Nevis (Unit 5, Long Stone House, PO box 1200, Main Street, Charlestown).
• Because of the lack of strict requirements and rigorous oversight of offshore jurisdictions, trading with brokers having only offshore licenses is not secure and might lead to various risks.
• On the other hand, it is always important to look for reviews and feedback from other traders and see their experience with the broker. Through further research, we found numerous negative comments and reviews about MTrading claiming the improper withdrawal process, extra charges, and insufficient customer care.
• To avoid risks in trading, we strongly recommend choosing a broker with good standing and years of proven experience. Also, a license from a top-tier authority is a must. You can learn more about regulated brokers and the advantages of signing with them here. 

Overall MTrading Ranking

Our research revealed issues regarding MTrading safety and regulations, thus we do not rank positively MTrading, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• MTrading Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

MTrading Alternative Brokers

Taking into account our findings and issues with the reliability of MTrading here are much better Alternatives to MTrading with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• AvaTrade – Good Instruments and CopyTrading
• Pepperstone – Low Spreads and Competitive Trading Conditions
• XM – Wide Range of Trading Opportunities

Deposits and Withdrawals

For money funding MTrading provides a variety of payment methods to facilitate transactions, including wire transfers and debit/credit cards, as well as more advanced e-wallets and cryptocurrency methods. Here are some notes about MTrading Withdrawal: 

• In order to make a withdrawal, it is necessary to have a valid Forex trading account. The process begins by accessing the Trader's Room, which serves as a personal client area allowing users to monitor their transactions and account details. Traders should complete the account verification process in order to activate the withdrawal feature.
• If traders choose a currency different from the local one, the system will automatically calculate the exchange rate, fees, and the remaining balance.
• However, based on our research and revelations, there are many negative reviews concerning the MTrading withdrawal process. Many traders complain about delays in withdrawals or their cancelation overall, which is unfortunately a typical trick of offshore/ unregulated Brokers since company is not overseen

Trading Platforms

MTrading offers a choice of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized and preferred by traders for their advanced features, charting tools, and trading opportunities, which overall provides quate a good software base for the trading itself. Yet, availability of popular platforrms does not mean Broker is safe entough for good trading strategy. 

MTrading Review Conclusion

Concluding MTrading experience we do not advise trading with the broker, it is strongly recommended to avoid dealing with offshore and unregulated entities. Besides, MTrading offering is not very much attractive even, there are many good standing Brokers offering better trading conditions and are also safe.

We advise individuals and firms to trade and invest only with brokers regulated by reputable authorities such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or similar regulatory bodies that offer compensation and strict supervision. You can checl out better reliable brokers such as FP Markets, XM, and Go Markets which also provide great trading conditions overall. 

• Overall ranking and experience for MTrading is Negative

Is  Zebra Finance Scam or Legit Broker?

Zebra Finance is not a safe broker to trade with. This is an unregistered broker, that does not hold any type of license. In fact, the company fails to mention its registration address, or any contact information, which is a huge red flag in forex trading.

• It is a fact, that to start forex trading traders should first of all find a reliable broker with years’ of experience and good standing. Neither of these is relatable to Zebra Finance, as the company’s website does not provide any information either about its registration or any licenses it holds.

What is Zebra Finance?

On its website, the company states to be offering trading in the world's most popular markets, such as forex, commodities, indices, and cryptocurrencies. Besides, it enables to explore a wide range of trading opportunities. Zebra Finance also provides access to various financial instruments, offers free real-time quotes, and has dedicated round-the-clock customer support.

Also, the company claims to provide Multi-language 24/7 professional support, a Free demo account, favorable trading tools, Real-time quotes with push notifications, Professional market analysis broadcast, etc.

• However, when we go a little deeper in our research a few things become quite evident. First, the Zebra Finance website is quite unprofessional, lacking to mention anything about its registration address, licenses, and any other information that is essential. This leads us to believe, that the broker is not registered anywhere, and it does not hold any license, not from top-tier authorities, and not even from an offshore regulation.

• Besides, there is not any information about the year it was founded, but probably it is quite a new broker, as we couldn’t find any feedback from traders about the company.

• All of these said, we never advise choosing a broker with so many drawbacks. It is a must to choose a trustworthy broker with clear and favorable offerings, a website with clear and thorough information, and good and trader-friendly platforms.

Overall Zebra Finance Ranking

Taking into account our findings about security and regulations problems with Zebra Finance, we do not rank positively Zebra Finance, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Zebra Finance Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Zebra Finance Alternative Brokers

Based on our findings of Zebra Finance reliability and safety issues, here are much better Alternatives to Zebra Financewith tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• AvaTrade – Good Instruments and CopyTrading
• Capital Index – Good Trading Conditions
• ThinkMarkets – Competitive Spreads

Deposit & Withdrawal

Zebra Finance does not provide any information about its funding methods and options. In fact, there is no mention either of deposit or withdrawal processes on the broker’s website.

• In general, depositing and withdrawing funds successfully and without hindrance is one of the important points in forex trading. When choosing a broker, it is advisable to check the broker’s funding options and proposals closely. As it is clear, Zebra Finance lacks in this respect.  

Zebra Finance Review Conclusion

We do not recommend signing in with Zebra Finance. The biggest red flag about the broker is the lack of information. There is next to no information about the broker’s offerings, services, regulations, or even contact information. Since there is no any mention of the broker's location, registration, or licenses, we can only conclude that this is an unregulated broker with doubtful offerings.

Thus, we advise traders to pick a well-regulated broker with UK’s FCA or Australian ASIC registration. We advise signing in with trustworthy brokers such as XM, Interactive Brokers, and Trading212.

• Overall ranking and experience for Zebra Finance is Negative

Is Argon Financial Scam or Legit Broker?

No, Argon Financial is not a safe broker to trade with. Based on the website Argon Financial Limited is based in Gibraltar and operates under the authorization and regulation of the Gibraltar Financial Services Commission (ref FSC0824MIF) additionally website mentions that it is subject to limited regulation by the Financial Conduct Authority in the United Kingdom (ref 630135). However, since Gibraltar is an offshore zone it means in fact broker does not hold any serious regulations, thus its offerings are considered insecure.

• Besides, we were able to reveal that FCA has issued a warning against this firm on the basis that it is a clone firm and the number used as an FCA registration reference belongs to another company, not Argo  Financial. Clone firms are considered complete scams in Forex trading, and the only thing traders should do about them is to avoid them at any cost.

What is Argon Financial?

According to its website, Argon Financial is a highly regarded Category 1 Investment Dealer that operates in full compliance with regulatory standards. They state to offer an extensive range of financial products and services, catering to individual and institutional clients. Traders can enter the broker's services through a single account, which includes custody services for equities, fixed-income securities, and funds. Trades are conducted through popular platforms, such as Eze EMS, CQG, TT, and Bloomberg EMSX.

• However, the information the broker provides and the one we were able to reveal is a far call from this. In fact, Argon Financial was issued a warning from the FCA on the ground that the company is considered to be a clone firm.
• According to the FCA warning, Argon Financial is a clone firm of Alvar Financial Services, a secure broker partially authorized by the FCA. Evidently, Argon uses the number from another company with another name and, in fact, is not regulated by the FCA. Based on the provided evidence, there is no relation between the two brokers. (See the FCA Warning Here). Thus, Argon Financial is a clone firm that is targeting people in the UK, claiming to be an authorized firm and in fact is not a safe option with fake claims

Overall Argon Financial Ranking

Taking into consideration our revelations of Argon Financial security and regulations issues, we do not rank positively Argon Financial, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Argon Financial Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Argon Financial Alternative Brokers

Considering our revelations about Argon Financial reliability and safety issues, here are much better Alternatives to Argon Financial with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading
• Interactive Brokers – Good for US Trading and Trading of Real Stocks

Trading Platforms

Argon Financial gives quite a wide choice of trading platforms to their clients. However, it needs to be mentioned that the broker does not give access to the most famous Forex platforms, such as MT4 and MT5 suitable for pattern trading. 

With Argon Financial traders can conduct their trades on Eze EMS, CQG, TT, and Bloomberg EMSX.

• All of Argon Financial trading platforms provide super low-latency speed of execution, price transparency, underlying market liquidity, depth of market trading, and advanced professional trading functionality.

Deposit & Withdrawal

Actually, the Argon Financial website provides little information about the broker’s offerings. There is almost next to no information about depositing and withdrawing funds.

• The thing is that the withdrawal process itself is crucial for any broker, and if there is no information about it, it is already a huge red flag. 

• We can only advise to sign in with a broker that has a well-organized funding process, with multiple options and strict policy.

Argon Financial Review Conclusion

We strongly recommend avoiding Argon Financial. This is a clone broker, which means that Argon Financial is using false information to attract traders. In Forex Trading the only way to profit from trading is to find a reliable broker with years of experience and good standing. For this, we advise finding a broker with licenses from top-tier authorities, such as FCA, ASIC, or CySEC. Sign in only with trustworthy brokers, such as FP Markets, HFM, or XM.

• Overall ranking and experience for Argon Financial is Negative

Argon Financial Update

We discovered that the Argon Financial website is unavailable. It is unclear whether the broker changed its name, or is gone altogether. Since money safety goes first, we recommend avoiding any proposals from Argon Financial and staying alert in case of any proposals. 

Is  Swiss Capital Scam or Legit Broker?

No, Swiss Capital is not a safe broker to trade with. Swiss Capital does not hold any license, which is one of the greatest drawbacks of any financial investment firm. Generally, all offshore and unregulated brokers are not reliable and might turn out to be scams.

• To avoid unpleasant surprises and loss of funds, the best decision is to choose a reliable broker with years of experience and favorable offerings.

What is Swiss Capital?

Swiss Capital positions itself as a best-in-class Integrated Service Provider (ISP) in financial trading ranging from Research and Advisory, Risk Assessment to Closing of all types and levels of trade deals. Swiss Capital provides an extensive range of CFDs, encompassing numerous commodities, precious metals, indices, stocks, and major cryptocurrencies such as Bitcoin, Litecoin, Dash, Ripple, and Ethereum, in addition to forex.

• However, the reliability score of the broker is very low and is due to several important factors.
• The greatest red flag about the broker is the lack of any license. On its website, Swiss Capital does not provide any information about the regulations, which means that it does not hold any license. Usually, brokers with top-tier licenses put the information on their website, as it is one of the most crucial points that ensure trust and reliability.
• Besides, Swiss Capital has accumulated a great number of negative reviews from its previous clients. One of the major complaints about the broker is the problems occurring during the withdrawal process. Also, traders point out that the broker always reaches out to them, trying to convince them to make investments. Generally, this is a practice common for fake brokers. 

Overall Swiss Capital Ranking

Based on our findings of Swiss Capital security and regulations issues, we do not rank positively Swiss Capital, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Swiss Capital Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Swiss Capital Alternative Brokers

Considering our revelations about Swiss Capital reliability and safety issues, here are much better Alternatives to Swiss Capital with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• FXTM – Good for Beginners and Good Fees
• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading

Trading Platforms

Swiss Capital enables its clients to conduct their trades on MT4 IOS and Android platforms. By utilizing technical indicators and advanced charting tools, the MetaTrader 4 app for iOS and Android allows traders to efficiently manage their accounts and elevate their trading experience.

• MT4 platform offers more than 30 customizable market analysis tools to enhance the trading experience. 

Deposit & Withdrawal

With Swiss Capital clients deposit or withdraw via the standard Visa and MasterCard, as well as bank wire.  E-wallets such as Skrill are not supported by the broker.

• There is a monthly inactivity fee, which is 10% of the available cash on the trading account.
• There is not much information about the broker's withdrawal process, however, based on the traders' reviews, the withdrawal process is one of the drawbacks of the broker. 

Swiss Capital Review Conclusion

We do not recommend signing with Swiss Capital. Although the broker might have favorable offerings, it does not hold a license from any top-tier regulatory body. It is a well-known fact that the safety of funds is the most important part of Forex trading. Tight regulations and strict rules ensure safety, enabling traders to be secure and engage in profitable trading. 

To ensure maximum security, it is highly recommended that traders opt for brokers with licenses from reputable regulatory bodies such as the UK's FCA or Australian ASIC, and register with well-established brokers such as FXTM, Interactive Brokers, and FP Markets.

• Overall ranking and experience for Swiss Capital is Negative

Swiss Capital Update

We discovered that the Swiss Capital website is unavailable. It is unclear whether the broker changed its name, or is gone altogether. Since money safety goes first, we recommend avoiding any proposals from Swiss Capital and staying alert in case of any proposals.