User Reviews
More
User comment
7
CommentsWrite a review
Score
Seychelles
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 2
Exposure
Score
Regulatory Index0.00
Business Index6.27
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
4Square SY Ltd
Company Abbreviation
Capitalix
Platform registered country and region
Seychelles
Company website
Company summary
Pyramid scheme complaint
Expose
General Information & Regulation
Capitalix, a trading name of 4Square SY Ltd, is allegedly a forex broker registered in Seychelles with a registration number 8426168-1 that claims to provide its clients with over 150 tradable assets with leverage up to 1:200 and variable spreads from 0.3 pips on the web-based trading platform, as well as a choice of five different live account types and 24/5 expert human support service. Here is the home page of this brokers official site:
As for regulation, Capitalix says it is a holder of an FSA license with the number SD052. 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 1.18/10. Please be aware of the risk.
Market Instruments
Capitalix advertises that it offers access to more than 150 trading assets in financial markets, including forex, cryptocurrencies, stocks, indices, commodities and metals.
Account Types
Apart from virtual accounts with $100,000, Capitalix claims to offer five types of live trading accounts, namely Basic, Silver, Gold, Platinum and VIP. However, the broker says nothing about the minimum initial deposit requirement.
Leverage
A leverage ratio of up to 1:200 is offered by Capitalix, which is much higher than that provided by most brokers. 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 & Commissions
Capitalix claims that different account types and trading assets have quite different spreads. Just take the spread on forex majors as an example, clients on the Basic account can experience spreads from 3 pips, while the other four account types have spread from 2.4 pips, 1.8 pips, 1.2 pips and 0.3 pips separately. All charging no commissions.
Trading Platform Available
Platforms available for trading at Capitalix are seemed to be web-based, as well as available for desktop, iOS and Android devices. 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
Capitalix says to accept deposits and withdrawals via Visa, Mastercard, Maestro, Swift and SEPA. The minimum initial deposit requirement is said to be €250, and the minimum withdrawal amount via wire transfer is $250. All deposits and withdrawals are said to be free and can be handled within 72 hours (3 business days). The refund may take 4-8 business days.
Bonuses
Capitalix claims to offer a bonus for different account types. In particular, a bonus of up to 20% for the Basic account, while the other four account types have a bonus of up to 40%, 60%, 80% and 100% respectively, 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
Capitalixs customer support can be reached by telephone: +971 4574 1810 (AE), +54 11 5236 2375 (AR), +357 242 67263 (CY), email: support@capitalix.com, live chat or send messages online to get in touch. Company address: CT House, Office 4B, Providence, Mahe, Seychelles.
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.
More
User comment
7
CommentsWrite a review