BANEX CAPITAL

General Information & Regulation

BANEX CAPITAL is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with over 2100 tradable financial instruments with leverage up to 1:300 and floating spreads from 20 pips on the MetaTrader5 trading platforms, as well as a choice of three different live account types and 24/7 multilingual customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that BANEX CAPITAL 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 1.08/10. Please be aware of the risk.

Market Instruments

BANEX CAPITAL advertises that clients can trade a huge collection of thousands of CFDs on 2,100+ instruments, including popular FX pairs, Futures, Indices, Metals, Energies and Shares.

Account Types

Apart from demo accounts, BANEX CAPITAL claims to offer three types of trading accounts, namely Standard, ECN and Pro. However, the broker says nothing about the minimum initial deposit requirement to open an account.

Leverage

The leverage provided by BANEX CAPITAL is capped at 1:300. 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

BANEX CAPITAL claims that the spread for different account types is different Specifically, the spread starts from 40 pips on the Standard account, from 30 pips on the ECN account and from 20 pips on the Pro account. All charging no commissions.\

Trading Platform Available

Platforms available for trading at BANEX CAPITAL are MetaTrader5 for desktop (Windows, Mac) and mobile apps (iOS, Android). 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

BANEX CAPITAL says to accept Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill and some more methods available as per your country of residence.

Customer Support

BANEX CAPITALs customer support can be reached by telephone/WhatsApp: +44 7467748224, email: support@banexcapital.com or live chat. Company address: 71-75 Shelton Street Covent Garden, London, WC2H 9JQ, United Kingdom.

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.