Is Capprofx Scam or Legit Broker?

CapproFX is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. This results in a very high-risk trading opportunity, despite its alluring proposal.

About Capprofx
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is Capprofx safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is CapproFX?

CapproFX is an Online trading provider, a broker with a registered office in the UK, London, and a maintained support office in Hong Kong. Being located in a world financial hub, the company, however, did not obtain any license from the local respected authorities, notwithstanding even the fact that the FCA license is mandatory for all UK-based financial service firms.

  • The CapproFX claims its prime services for trading in Forex, Commodities, and CFDs while performing trading through liquidity providers and services of sophisticated trading solutions with competitive conditions. Moreover, it seems like the address in the UK is a virtual one, while the company office is located in India, according to their use of IP’s and other details.
  • Overall, with its unregulated operation, CapproFX received also numerous negative reviews from the traders, which faced complications with withdrawals, misunderstanding about the closing of positions, as well as the removal of profits. Therefore, it is evident that the company delivers a tricky business while pretending to be a reliable broker.

CapproFX

 

Overall CapproFX Ranking 

Because of our revelations about the safety of CapproFX , we do not rank positively CapproFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • CapproFX 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.
RankingCapproFXXTBXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading EnvironmentTrading Platforms

CapproFX Alternative Brokers

Due to our finds and issues with the safety of CapproFX, here are much better Alternatives to CapproFX with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

  • eToro – Good for CopyTrading and Cryptocurrency Trading
  • Dukascopy – Excellent for Shares, Futures Trading
  • BlackBull Markets – Good for High Leverage Trading

Deposit & Withdrawal

CapproFx offers fast and easy funding through Bank Wire, Netteller, and Bank Transfers. Its minimum deposit is $100. 

  • CapproFX offers an efficient return policy. In case traders are not satisfied with the service level, they can request a return.

  • If an account was funded via debit or credit card the funds can be refunded to the card. For this, traders need to contact CapproFX Customer Support. The request will be reviewed within 5 business days. 

CapproFX Review Conclusion

As a promising and highly competitive industry, Forex and Online trading requires high safety measures, especially for novice traders or those who would like to invest large amounts into trading. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities and comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HotForex, and BlackBull Markets.

  • Overall ranking and experience for CapproFX is Negative

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