Score

1.26 /10
Danger

Capitals Pro Fx

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Business Index5.07

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Capitals Pro Fx · Company summary

Note: Capitals Pro Fx's official website: https://capitalsprofx.com/ is currently inaccessible normally.

Capitals Pro Fx Review Summary
Founded2022
Registered CountryUnited Kingdom
RegulationNo regulation
Tradable AssetsForex, Precious Metals, Crude Oil, Indices, Cryptocurrency
Demo Account
LeverageUp to 1:1000
SpreadFrom 1.8 pips (Standard account)
Trading PlatformDextrade
Minimum Deposit$1,000
Customer SupportPhone:+44 7429 679759
Email: support@capitalsprofx.com

Capitals Pro Fx Information

Capitals Pro FX, with its domain registered in 2022, provides a diverse range of account options and tradable assets including Forex, Precious Metals, Crude Oil, Indices, and Cryptocurrency. It offers a demo account for practicing and 4 tiered accounts, with an Islamic account is available for those who need to comply Sharia laws. It provides a series of educational resources including Market News, Analysis, Webinars, Educational Articles, Glossary to equip clients with necessary knowledge for successful trading.

However, a notable concern arises from the absence of valid regulation, raising red flags for traders.

Capitals Pro Fx's homepage

Is Capitals Pro Fx Legit?

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Capitals Pro FX, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

Downsides of Capitals Pro FX

Unavailable website: Capitals Pro FX' website cannot be opened currently.

Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.

Inactivity and swap fees charged: Capitals Pro FX charges overnight fees and a dormant account fee of $25 for accounts without trading activities within 6 months.

What Can I Trade on Capitals Pro FX?

Capitals Pro FX provides trading services to several trading instruments, mainly in 4 asset classes.

Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energy products like crude oil.

Stocks: Stocks represent ownership stakes in large companies such as Apple, Tesla etc., allowing investors to participate in their profits and losses.

Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology.

When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than coCapitals Pro FXntrating on a single one you feel optimistic about.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on Capitals Pro FX?

Account Type/Spread & Commission

Except for a demo account for new strategy testing, Capitals Pro Fx provides four tiered live accounts accommodate varying trading preferences.

The STANDARD ACCOUNT (minimum deposit of $1,000) offers spreads starting from 1.8 pips. Notably, this account type operates on a commission-free model, enhancing its appeal for cost-conscious traders.

For those seeking an Islamic account, Capitals Pro Fx offers an ISLAMIC ACCOUNT (minimum deposit from $3,000) with tighter spreads starting from 0.3 pips. Similar to the Standard Account, the Islamic Account does not incur any commissions, aligning with Islamic finance principles.

The ECN ACCOUNT (minimum deposit from $10,000) caters to traders who prioritize enhanced trading conditions, with same starting spread and commission-free structure as Islamic account.

For traders with a more professional approach, the PRO ACCOUNT (minimum deposit from $5,000) offers spreads starting from 1.3 pips. Similar to the other accounts, the Pro Account does not involve any commissions.

Minimum deposit is quite high comparing to most reputable brokers. Traders with limited capital should reconsider to trade with this broker.

Account TypeMin DepositMin Order VolumeSpreadsCommission
Standard$1,0000.01From 1.8 pips
Islamic $3,000From 0.3 pips
ECN $10,000From 0.3 pips
Pro $5,000From 1.3 pips
Account comparison

Leverage

Leverage is the trading tool that allows traders to control larger positions with smaller initial capital. It is always suggested to be used prudently due to amplified gains as well as losses and risks.

With Capitals Pro FX, leverage is up to 1:1000 for Standard Account, 1:300 for Islamic and Pro account, and 1:200 for ECN account.

Account TypeMax Leverage
Standard 1:1000
Islamic 1:300
ECN 1:200
Pro1:300

Capitals Pro FX Fees

While Capitals Pro FX primarily focuses on competitive spreads and no commissions, there are other fees to be aware of:

Overnight Interest Fees (Swap Fees): These apply when holding leveraged positions across daily settlement (usually 5 PM EST). The fee depends on the instrument, your trading direction (long or short), and prevailing interest rates. You can use Capitals Pro FX's overnight interest rate calculator to estimate potential charges.

Inactivity Fees: Capitals Pro FX charges an inactivity fee of $25 if no trading activity occurs on your account for 6 months.

Capitals Pro FX Fees

Trading Platform

Capitals Pro FX offers trading exclusively through the Dextrade platform, which is said to provide a user-friendly and intuitive experience, focusing on clarity and functionality. The platform also has an app version that you can access via mobile phones.

Trading Platform

Deposit & Withdrawal

Capitals Pro FX enables several funding methods: bank transfers (ACH), credit/debit cards, and e-wallets like Skrill and Neteller, with most incur no deposit fees. Bank transfers typically take 1-3 business days, while cards and e-wallets are often instant or within a few hours.

For withdrawals, bank transfers can take 3-5 business days, while e-wallets are typically faster at 1-2 days.

Deposits/withdrawal in non-base currencies might incur conversion fees.

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Pratheesh3245
6-12months
Terrible Experience with UAE Capitals Pro Fx - Stay Away!" I recently had the misfortune of using the Forex Trading Platform, and my experience was nothing short of disastrous. I feel compelled to share my terrible encounter to warn others about the pitfalls of this platform. First and foremost, the user interface is a complete mess. Navigating through the platform is a confusing and frustrating experience. The charts are difficult to read, and executing trades is unnecessarily complicated. It's as if the developers designed the platform with the intention of confusing traders rather than facilitating smooth operations. But what truly angered me was the lack of transparency. The platform claims to offer low spreads and competitive fees, but in reality, I found hidden charges that significantly ate into my profits. It felt like I was being constantly nickel-and-dimed without any clear explanation. Customer support is another major letdown. I encountered issues with withdrawals, and getting a response from their support team was like pulling teeth. When I finally did get a response, it was unhelpful and only added to my frustration. To make matters worse, the platform's performance during high volatility periods was abysmal. I experienced frequent lag and even had trades executed at prices far from the market rate, resulting in unnecessary losses. It's clear that the platform is ill-equipped to handle the demands of active trading.
Terrible Experience with UAE Capitals Pro Fx - Stay Away!" I recently had the misfortune of using the Forex Trading Platform, and my experience was nothing short of disastrous. I feel compelled to share my terrible encounter to warn others about the pitfalls of this platform. First and foremost, the user interface is a complete mess. Navigating through the platform is a confusing and frustrating experience. The charts are difficult to read, and executing trades is unnecessarily complicated. It's as if the developers designed the platform with the intention of confusing traders rather than facilitating smooth operations. But what truly angered me was the lack of transparency. The platform claims to offer low spreads and competitive fees, but in reality, I found hidden charges that significantly ate into my profits. It felt like I was being constantly nickel-and-dimed without any clear explanation. Customer support is another major letdown. I encountered issues with withdrawals, and getting a response from their support team was like pulling teeth. When I finally did get a response, it was unhelpful and only added to my frustration. To make matters worse, the platform's performance during high volatility periods was abysmal. I experienced frequent lag and even had trades executed at prices far from the market rate, resulting in unnecessary losses. It's clear that the platform is ill-equipped to handle the demands of active trading.
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2024-01-25 01:19
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Ivazyy
more than one year
Their payment process is just not up to par. I've requested withdrawals several times, but each time they come back with reasons why they can't process my payment. I've made 10 requests so far, and every single one has been rejected.
Their payment process is just not up to par. I've requested withdrawals several times, but each time they come back with reasons why they can't process my payment. I've made 10 requests so far, and every single one has been rejected.
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2024-01-16 12:06
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