Sophie Capital Financial Trading

General Information

Registered in the United States, Sophie Capital Financial Trading boasts that it is a forex and CFD brokerage house providing easy access to diversified trading instruments, including Forex, Metals, Commodities, Indices, and CFDs through the advanced MT5 trading platform.

It has been verified that Sophie Capital Financial Trading is not subject to any regulation, thats why it receives a pretty low score of 1.26/10 on WikiFX. Trading with an unregulated forex broker is a surefire way to lose your money. Please be aware of the risk.

Market Instruments

With the Sophie Capital Financial Trading platform, investors can trade Forex, Metals, Commodities, Indices as well as a series of CFD products.

Account Types

Culture Capital provides two trading accounts: Standard account and Professional account. The Culture Capital Standard account is designed for trades who are new to the forex market or who trade smaller volumes. It allows investors to trade smaller trade sizes and open an account with a lower initial deposit than a professional account.

The Professional account is designed for seasoned retail traders, with the minimum deposit starting at $500. With the Professional account, the maximum size of a single trade is 1000 lots. The lowest trade size is 0.01 lot, and the increase between transaction sizes is 0.01. The Professional account works with MetaTrader 5, Webtrader and any mobile trading platforms that are available.

How to open an account with this broker？

Opening an account with Sophie Capital Financial Trading is an easy and simple process:

1. Click the “Open Account” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

Problematically, Sophie Capital Financial Trading allows its clients to use leverage of up to 1:500, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

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

Sophie Capital Financial Trading says it provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Customer Support

Worryingly, Sophie Capital Financial Trading offers the poor customer support, as they can only be reached through an email: support@sophietrading.com. Once something goes wrong during trading process, investors have nowhere to get quick response.

Therefore, this could be served as further evidence that this forex broker is not reliable to trade with.

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.