Capitalix Review

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. 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 Forex 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 Forex 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 offer different conditions and trading opportunities. 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 broker 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 with Capitalix, we strongly advise against trading with this broker. It is highly recommended to avoid engaging with offshore and unregulated entities. Furthermore, Capitalix 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. It is advisable 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