General Information & Regulation
Capital Street FX, a trading name of Capital Street Intermarkets Limited, is allegedly a forex and CFD broker registered in Mauritius that claims to provide its clients with over 1,000 markets with flexible leverage up to 1:10000, fixed and variable spreads from 0.1 pips on the Trading Desktop, WebTrader, WebTrader Lite and Mobile Trader trading platforms, as well as a choice of four different live account types and 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, Capital Street FX says it is a GBC authorized and regulated by the Financial Services Commission(FSC) of Mauritius as a Full Services Securities Dealer and company registration number 108039. However, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.44/10. Please be aware of the risk.
Market Instruments
Capital Street FX advertises that it offers access to more than 1,000 markets, including forex, CFDs, futures and ETFs on currencies, commodities, stocks, bonds, indices and cryptocurrencies.
Account Types
Apart from demo accounts, Capital Street FX claims to offer four types of trading accounts, namely Basic, Classic, Professional and VIP. The minimum initial deposit amount is $100 for the Basic account, while the other three account types have much higher minimum initial capital requirements of $200, $1,000 and $10,000 respectively.
Leverage
As Capital Street FXs website advertises on its home page, the maximum leverage is capped at 1:10000. Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Basic account can experience leverage of 1:2500, the Classic, Professional and VIP accounts have leverage of 1:3000, 1:3500 and 1:100 (request for more) separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
Capital Street FX claims to offer different fixed and variable spreads for different account types. Specifically, the spread on the Basic account starts from 2.5 pips, the Classic account has spread from 2.0 pips, the Professional account has spread from 1.5 pips, while only the VIP account holders can enjoy the tightest spread from 0.1 pips.
Trading Platform Available
Platforms available for trading at Capital Street FX are Trading Desktop, WebTrader, WebTrader Lite and Mobile Trader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Capital Street FXs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Advcash, Perfect Money, Payeer, Bank Wire, Local deposits, cryptocurrencies of Bitcoin, Tether, Ethereum, etc. The minimum initial deposit requirement is said to be $100, while there is no mention of what the minimum withdrawal amount is.
Bonuses
Capital Street FX claims to offer the tradable bonus, yet we cannot be sure if the bonus can be withdrawn without any limitation. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
Capital Street FXs customer support can be reached by telephone: +1 (949) 391 1002, email: support@capitalstreetfx.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube, Telegram, Skype, WhatsApp and LinkedIn. Company address: Level 2, Hennessy Tower | Pope Hennessy Street | Port Louis | Republic Of Mauritius.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
2023-11-09 19:11
