First Capitals

Overview

First Capitals, based in the United Kingdom, operates as a trading platform offering access to the MetaTrader 5 (MT5) platform and a range of tradable assets including Forex, Metals, Stocks, and Commodities.Although First Capitals claims to be regulated by the Financial Conduct Authority (FCA) in the UK with license number 713478, there are doubts about the legitimacy of this regulation.

Minimum deposits and spreads or fees vary depending on the chosen account type, which includes both Robot Trading Accounts and Manual Trading Accounts. Additionally, a demo account is available for users to practice trading strategies. Accepted payment methods include bank cards, e-wallets, and bank wire transfers.

Regulation

First Capitals says they're regulated by the Financial Conduct Authority in the UK with license number 713478, but there's some suspicion it might not be legit. The FCA is supposed to make sure financial companies play by the rules and protect customers, but if First Capitals' regulation isn't on the level, it's risky to deal with them. Before you get involved, it's smart to double-check their FCA license and maybe talk to someone you trust to make sure everything's on the up and up.

Pros and Cons

First Capitals presents enticing opportunities for traders with a diverse range of trading products, account types, and a robust trading platform. However, concerns regarding the legitimacy of their regulation by the Financial Conduct Authority (FCA) in the UK necessitate careful consideration. Traders should conduct thorough due diligence before engaging with the platform. Here's a breakdown of the pros and cons:

Market Instruments

FirstCapital offers a range of trading products across various markets:

1. Forex (FX): They provide access to the forex market 24 hours a day, 5 days a week, allowing traders to engage in the trading of major, minor, and exotic currency pairs.

2. Metals: Traders can also speculate on the price movements of precious metals like gold against the dollar, with competitive spreads on their popular account.

3. Stocks: FirstCapital enables users to buy, sell, and own shares from renowned brands and major companies globally, such as Facebook, Apple, Alibaba, and Tencent, without leveraging risks.

4. Commodities: They offer opportunities to trade in large oil and natural gas markets, including Crude and Brent Oil, as well as Natural Gas prices.

These products cater to different trading preferences, allowing users to diversify their portfolios and capitalize on various market opportunities.

Account Types

First Capitals offers a range of account types tailored to meet various trading and investment needs. Here's a breakdown of their account types:

Robot Trading Accounts:

1. Scalper EA's:

1. Core EA (AV):

2. Capital Insurance: No

3. Assets: Currency

4. Daily ROI: 1%

5. Cost: $100 / 22 Days

6. Robotron EA:

7. Capital Insurance: Yes

8. Assets: Currency, Metals

9. Daily ROI: 1.5%

10. Cost: $500 / Unlimited

11. Falcron EA:

    

12. Capital Insurance: Yes

13. Assets: Currency, Metals, Indices

14. Daily ROI: 2%

15. Cost: $2000 / Unlimited

16. Available EAs:

17. Risk Factor: 45%

2. Smart EA's:

1. Vision Cyborg:

2. Capital Insurance: Yes

3. Assets: CFDs

4. Daily ROI: 2%

5. Cost: $3000 / Unlimited

6. Profxma V.3.1:

7. Capital Insurance: Yes

8. Assets: CFDs

9. Daily ROI: 2.5%

10. Cost: $5000 / Unlimited

11. Vovfx V3.5:

    

12. Capital Insurance: Yes

13. Assets: CFDs

14. Daily ROI: 3%

15. Cost: $8000 / Unlimited

16. Available EAs:

17. Risk Factor: 45%

3. Algotron EA's:

1. Tron V.7.30:

2. Capital Insurance: Yes

3. Assets: CFDs

4. Daily ROI: 2.5%

5. Cost: $10,000

6. Algotron V.3.1:

7. Capital Insurance: Yes

8. Assets: CFDs

9. Daily ROI: 3%

10. Cost: $15,000

11. Ma-Tron V3.5:

    

12. Capital Insurance: Yes

13. Assets: CFDs

14. Daily ROI: 3.5%

15. Cost: $25,000

16. Available EAs:

17. Risk Factor: 45%

Manual Trading Accounts:

1. Bronze:

1. Volume: 0.01

2. Assets: Currency

3. Spread: 1.2

4. Cost: $100

2. Silver:

1. Volume: 0.5

2. Assets: Metals

3. Spread: 0.90 cent

4. Cost: $500

3. Gold:

1. Volume: 0.10

2. Assets: Metals

3. Spread: 0.30 cent

4. Cost: $1500

4. Platinum:

1. Volume: 1.00

2. Assets: Metals

3. Spread: Zero Floating

4. Cost: $3000

These account types cater to traders and investors with varying risk appetites, trading preferences, and investment goals. Each account comes with different features, costs, and assets to suit individual needs.

Spreads

First Capitals offers different manual trading accounts to suit various trading styles. The Bronze account has a spread of 1.2 pips, providing a starting point for traders. The Silver account has a tighter spread of 0.90 cents, making it better for those who want improved pricing. For even tighter spreads, the Gold account offers 0.30 cents, ideal for cost-conscious traders. The Platinum account stands out with a zero floating spread, offering direct access to interbank pricing for precise trading. Each account caters to different trader preferences and goals in the financial markets.

Deposit & Withdrawal

At First Capitals, the process of depositing and withdrawing funds is designed to be simple and efficient, allowing traders to focus on their trading activities. Here's a breakdown of the key aspects:

1. Variety of Transfer Methods: First Capital offers a diverse range of money transfer methods, including bank cards, e-wallets, and bank wire transfers. This variety ensures that traders have options that suit their preferences and needs when it comes to managing their funds within the platform.

2. Accepted Currencies: Traders can transact in major currencies such as USD, EUR, and GBP. This eliminates the need for currency conversion, streamlining the deposit and withdrawal process for users from different regions.

3. No Deposit Fees: First Capital does not charge any deposit fees, making it cost-effective for traders to fund their accounts. This transparency in fees enhances the accessibility of the platform's services and ensures that traders can allocate their funds efficiently.

By providing a straightforward and secure deposit and withdrawal process, First Capitals enables traders to navigate the platform with ease and confidence, allowing them to focus on their trading strategies and market opportunities.

Trading Platforms

First Capitals offers access to the MetaTrader 5 (MT5) platform, a robust and versatile online trading platform developed by MetaQuotes Software. With MT5, traders gain entry to a wide array of markets and an extensive selection of financial instruments, including foreign exchange, commodities, CFDs, and indices.

The MetaTrader 5 platform serves as a comprehensive toolset for traders, providing all the necessary features to manage trades effectively and analyze market conditions. From advanced charting tools to customizable indicators and analytical objects, MT5 empowers traders with the insights and resources needed to make informed trading decisions.

Moreover, the MetaTrader 5 platform is available for free download, offering accessibility to traders of all levels. This accessibility ensures that traders can leverage the capabilities of the platform without incurring additional costs, enhancing the value proposition of First Capital's investment solutions.

By combining the innovative features of the MetaTrader 5 platform with First Capital's investment solutions, traders can discover better trading opportunities and optimize their trading strategies. Whether executing trades, conducting technical analysis, or monitoring market trends, MT5 provides the tools and functionality needed to navigate the financial markets with confidence and efficiency.

Conclusion

First Capitals offers a diverse range of trading products, account types, and a robust trading platform to cater to various trader preferences and investment goals. However, there are concerns regarding the legitimacy of their regulation by the Financial Conduct Authority (FCA) in the UK, which warrants careful consideration before engaging with the platform. Traders should conduct thorough due diligence, including verifying the FCA license and seeking advice from trusted sources, to ensure the safety and legitimacy of their investments. Additionally, the platform provides transparent information regarding spreads, deposit and withdrawal methods, and risk warnings to empower traders in making informed decisions. Overall, while First Capitals presents enticing opportunities, cautious scrutiny is advised to mitigate potential risks.

FAQs

Q1: Is First Capitals regulated by the Financial Conduct Authority (FCA)？

A1: Yes, First Capitals claims to be regulated by the FCA in the UK with license number 713478.

Q2: What trading products does First Capitals offer？

A2: First Capitals offers Forex, Metals, Stocks, and Commodities trading products across various markets.

Q3: What account types does First Capitals provide？

A3: First Capitals offers Robot Trading Accounts and Manual Trading Accounts with varying features and costs.

Q4: What deposit methods are accepted by First Capitals？

A4: First Capitals accepts a variety of transfer methods including bank cards, e-wallets, and bank wire transfers.

Q5: What trading platform does First Capitals offer？

A5: First Capitals provides access to the MetaTrader 5 (MT5) platform, a versatile online trading platform developed by MetaQuotes Software.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.