Since Fin Cap FX Market 's official website (https://fincapmarket.com/) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.
General Information
Registered in the United Kingdom, Fin Cap FX Market presents itself as a forex broker providing easy access to a massive financial market. With the Fin Cap FX Market platform, four types of trading accounts can be chosen from, with the minimum deposit to open a Standard account starting at $500, and the maximum trading leverage that traders can use is up to 1:1:500.
Fin Cap FX Market does not hold any regulatory license to show it operates legally. Please be aware of the risk.
Account Types
Fin Cap FX Market provides four tiered trading accounts to accommodate different traders trading needs, namely Standard, Premium, Elite and Professional accounts. To open a Standard account, $100 is all you need to take if you are willing to bear the risk of trading with an unregulated broker. The Premium account requires a minimum deposit of $500 and the Elite account asks for an initial deposit of $5,000. The professional account is designed for professional and institutional traders, and traders who want to try this account need to fund at least $10,000.
Leverage
With regard to trading leverage, it varies depending on different types of trading accounts, ranging from 1: 200 to 1:500. Fin Cap FX Market allows its clients to use leverage of up to 1:500, much higher than the levels regarded appropriate by many regulators. This is the typically tactic employed by offshore brokers trying to attract more investors.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
Fin Cap FX Market provides access to the industry-leading MT5 trading platform, which features robust charting package, multiple technical indicators, user-friendly interface.
Negative Reviews
Some traders shared their terrible trading experience on the Fin Cap FX Market platform, saying that this broker has eaten his 28,000-rupee deposit, with nobody response his withdrawal support. Come to WikiFX to see the whole story.
Customer Support
If clients have any inquiries or trading-related issues can also get in touch with this broker through the following channels:
Telephone: +44 2080896133
Email: support@fincapmarket.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
2023-03-08 12:30
