CapitalProTrade

Note: CapitalProTrade's official website - https://www.capitalprotrade.com/ is currently inaccessible normally.

CapitalProTrade is an online forex broker registered in the Czech Republic, offering its clients access to various trading assets such as Forex, Commodities, Indices, Stocks, and Cryptocurrencies. The brokerage claims to offer tight spreads from 0.1 pips, and traders can utilize a maximum trading leverage of up to 1:500. However, CapitalProTrade is completely unregulated.

Pros and Cons

Is CapitalProTrade Legit?

CapitalProTrade claims to operate legally, but it doesn't hold any regulatory license to prove it. They say their office is at 81 Oxford St, London W1D 2EU, Great Britain, which might make you think they have a license from the Financial Conduct Authority (FCA) in the UK. But if you check the FCA's official website, you won't find any information about CapitalProTrade.

What Can I Trade on CapitalProTrade?

Similar to many offshore companies, CapitalProTrade's range of assets isn't particularly impressive. You can trade Forex, Commodities, Stocks, Indices, and Cryptocurrencies with them.

Leverage

The maximum leverage that investors can use is reaching up to 1:500. This is much higher than the levels regarded as appropriate by many regulators, with the leverage for major forex typically limited to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Spread and Commission

Without access to CapitalProTrade's trading software, we can only rely on their advertisements to understand their claimed spread. The spreads for trading major forex pairs is around 0.1 pips, but for an unregulated forex broker, advertising such low spreads is often just a tactic to attract more investors.

Trading Platform

CapitalProTrade provides a web-based platform that generally lags far behind the leading platforms like MT4 or MT5 offered by licensed brokers.

Deposit and Withdrawal

The deposit methods accepted by CapitalProTrade are common among most brokers, including bank wire transfers and credit cards.

In addition, they mention specific minimum withdrawal requirements: a minimum of $500 for cash withdrawals via wire transfer and $100 for withdrawals via credit card.

In fact, any such restrictions are suspicious, as legitimate brokers typically do not impose such limitations. So, be cautious.