Is Capital TradeFX Scam or Legit Broker?

It is not safe to trade with Capital TradeFX since Capital TradeFX is an offshore company licensed in St. Vincent and the Grenadine. Besides the fact that Capital TradeFX is solely offshore broker with a lack of proper regulations, it is also quite unstable in its operations. We found that the Capital TradeFX website was inactive for some time and now it is back to operate again. Generally, this is a common practice among scam brokers to go inactive and then appear after a while. 

  • St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Therefore, it became an offshore zone for shady forex brokers such as 4xincome, Monfex, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

About Capital TradeFX
🏢 Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is Capital TradeFX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

What is Capital TradeFX?

According to the website, Capital TradeFX Ltd is an International Foreign Exchange broker offering tailored trading services to clients from all over the world. However, the company doesn’t provide any regulation information besides the offshore one. It claims to be registered and located in Hong Kong, but it is not authorized by its local Securities and Futures Commission (SFC).

  • Moreover, the broker has been blacklisted by the Spanish regulator CNMV (the National Securities Market Commission):

“Capital TradeFx Ltd is not authorized to provide the investment services of the Securities Markets Law, which include investment advice, or to provide auxiliary services in relation to the financial instruments including, for those purposes, foreign currency transactions.”

  • Another red flag about the broker is numerous negative feedback from the customers. We found that clients are dissatisfied by the way the broker conducts its business, especially when it comes to the money withdrawal process. As you know the safety of founds is essential in Forex trading, thus, this is not an issue to overlook while choosing a broker. 

Capital TradeFX - official website

 

Overall Capital TradeFX Ranking

Based on our informed Expert Opinion, supported by over a decade of hands-on experience in Forex Trading, we have revealed certain concerns regarding Capital TradeFX‘s regulation and overall reliability. As a result, we are unable to offer a favorable ranking of Capital TradeFX.

  • Capital TradeFX 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.
RankingCapital TradeFXXMInteractive Brokers
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading PlatformsTrading Environment

Capital TradeFX Alternative Brokers

Due to the considerable safety concerns associated with Capital TradeFX, we strongly recommend exploring superior alternatives known for their stringent regulations and exceptional trading conditions. Below, we have a selection of reputable brokers and reliable options for your comparison:

  • OANDA – Good Broker with Low Deposit
  • XM– Low Spread Broker
  • Go Markets – Good for High Leverage and Online Banking

Account Types

Capital TradeFX offers 3 main types of accounts: Mini, Micro, and Standard. The account types have many features in common, however, there are some differences such as leverage, and deposit amount. 

  • The minimum deposit for Micro and Standard accounts is $100. For Mini accounts the minimum deposits start from $300. 
  • Standard accounts in comparison to Mini and Micro ones offer a lower leverage ratio – 1:200. Traders have access to up to 1:500 leverage if they choose Micro or Mini accounts. 

Deposits and Withdrawals

Capital TradeFX informs on its website that Telegraphic Transfer (TT)/Wire Transfer fees are waived based on the transferred fund’s amount. If a deposit is equal to or exceeds USD 500, Capital TradeFX will cover the expenses incurred from Intermediary Bank charges.

  • For deposits that are equal to or exceed USD 3,000, Capital TradeFX provides reimbursement for both Local and Intermediary Bank charges.
  • However, it is worth mentioning that there are some complaints about the broker’s withdrawal process. This needs to be considered before making a decision to sign with Capital TradeFX. 

Capital TradeFX Review Conclusion

Based on the information we were able to reveal regarding Capital TradeFX, significant concerns arise regarding the broker’s reliability and ethical standards. Consequently, the broker is not advisable for trading. 

We advise all investors and traders to avoid Capital TradeFX and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HYCM and BlackBull markets.

No news available.

10 responses to “Capital TradeFX”

  1. Tradelivecapitalfx
    Daar heb ik 1200 euro geïnvesteerd en winst behaald maar ik kwam 350 dollar tekort om mijn winst uit te laten betalen
    Ze vragen nu elke keer wanneer ik die 350 dollar over kan maken zodat ze mijn winst uit kunnen betalen op mijn bankrekening
    Als ik het betaal dan krijg ik mijn winst
    En de vrouw over wie het gaat heet Alexia Mann
    Ik reageer er ook niet meer op
    Maar het feit blijft wel dat ik niet zeker weet of het scammers zijn

  2. They scammed me out of over $1000
    Was told as soon as I top up my investment I would be able to withdraw my funds. Then change the top up amount from $200 to $2000
    Then after paying that they wanted you pay all these made up fees before you can get access to your withdrawal.

    They website and investing platform looks legit but it’s all crooked.

    Stay away.
    Lost a lot of money and time I can’t get back.

  3. Theres a woman name annabel working with them they scam people in social medias like instagram, they hack profiles.

  4. They are nothing but a scam They will tell you and tell you no more fees no more fees your will make your deposit that they tell you you will have control of (you Don’t!) And then after your deposit they start changing the terms they use ever so slightly different so that if your not watching because they have told you all along no fees All of assudden on withdrawalThey want 4000$ and I’m not sure if that’s Everytime or not because I told them at the start that was all I had as due to circumstances in life I had nothing and it was a restart! Well so much for a restart even . Ugh my advice RUN away as soon as they start talking it’s all lies!!!

  5. http//fxcapital-trade.ltd
    Scammers avoid at all costs please
    Man working with them Alfred Martins
    Like to invite poeple on Telegram
    Once you invest you don’t see your money again
    I have the proof to show it to you guys if you want it made a withdrawal 24 hours ago but there FAQ says 1 hour SCAMMERS

  6. They are scammers stay away please
    There is a man working with them Alfred Martins
    They steal your money
    Link is fx- capitaltrade ltd

  7. is astrofxmining.com the same company as Capital FX International? Or is Astrofxmining.com a legit trader?
    Thank you and hope to receive your response soon

Leave a Reply

Your email address will not be published. Required fields are marked *