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Trade Forex Presents: A Comprehensive Review of Capex Broker
Introduction to Capex
Founded in 2016, Capex is a Forex broker headquartered in Cyprus with a global presence, including offices in Romania, Spain, South Africa, the United Arab Emirates, and the Seychelles. This review will delve into various aspects of Capex, including its regulation, maximum leverage, trading instruments, trading platforms, account types, spreads and commissions, minimum deposit, and conclude with our overall assessment.
Is Capex a Regulated Broker?
Capex operates under the umbrella of Key Way Group Ltd, a financial conglomerate comprising several brokerage companies. Here’s an overview of their regulatory status:
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Key Way Investments Ltd (Cyprus): Regulated by the Cyprus Securities and Exchange Commission (CySEC). It also has branches in Romania and Spain, registered with the Romanian Financial Supervisory Authority (ASF) and the Spanish National Securities Market Commission (CNMV).
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JME Financial Services (Pty) Ltd (South Africa): Authorized and regulated by the Financial Sector Supervision Authority of South Africa (FSCA).
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Key Way Markets Ltd (United Arab Emirates): Authorized and regulated by the UAE Financial Services Regulatory Authority (FSRA).
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KW Investments Ltd (Seychelles): Authorized and regulated by the Seychelles Financial Services Authority (FSA).
Safety Measures
Capex prioritizes the safety of customer funds, keeping them in segregated accounts separate from the company’s funds. Additionally, they provide protection against a negative balance. Traders’ deposits held within the jurisdiction of Cyprus are covered by the Investor Compensation Fund (ICF) program, offering compensation up to 20,000 euros in case of the company’s insolvency.
Maximum Leverage
Leverage at Capex varies depending on your location:
- For clients residing in EU countries: Leverage is limited to 1:30 for the most liquid assets, following ESMA regulations.
- The UAE also adheres to the same restrictions.
- South Africa and the Seychelles offer leverage up to an impressive 1:300, providing traders with greater flexibility.
Trading Instruments
Capex caters to a diverse range of traders by offering an extensive array of trading instruments:
- Over 55 currency pairs
- 15 major stock indexes
- More than 2000 stocks
- 30 ETFs
- 18 commodities
- 8 baskets of stocks categorized by industry and economic sectors
- More than 15 cryptocurrencies
- IPO trading
Trading Platforms
Capex provides traders with two robust trading platforms:
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Capex WebTrader: This web-based platform is feature-rich, offering essential tools such as technical trading indicators, various chart types, and a sentiment indicator reflecting the current trading sentiments of other investors.
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MT5 (MetaTrader 5): A popular trading platform among independent traders known for its versatility and comprehensive features.
Account Types
Capex offers five distinct types of trading accounts:
- Basic
- Essential
- Original
- Premium
- Signature
These accounts come with varying minimum deposit requirements, starting at $100 for the Basic account and reaching $25,000 for the Signature account. Trading conditions across these accounts are mostly identical, with differences primarily in terms of customer support, training, analytics, and additional VIP services.
Spreads and Commissions
It’s important to note that Capex operates as a dealing center or market maker, which means they set their own fixed spreads on most trading instruments. As of the review date, the fixed spread for the popular EURUSD pair was 1.8 pips, which is considered relatively high. However, this type of trading structure includes all costs within the spread, eliminating additional commissions.
Minimum Deposit
The minimum deposit required to start trading with Capex is $100. Deposits can be made through various methods, including bank transfers, credit and debit cards, as well as e-wallets like Skrill and Neteller. Notably, Capex does not charge a deposit commission. Still, it imposes a $30 monthly fee for accounts that remain inactive for 90 days or more.
Conclusion: Is Capex Right for You?
In conclusion, Capex is a suitable broker for traders seeking high leverage options and a trustworthy company. However, it’s essential to be aware that Capex operates as a market maker, resulting in relatively higher spreads. In today’s competitive market, ECN brokers offering narrower spreads and more flexible trading conditions might also be worth considering.
Before making a decision, we recommend reading Capex reviews and consulting our Forex broker rating for additional insights.
Capex General Information
- Broker’s Name: Capex
- Year of Foundation: 2016
- Headquarters: Cyprus
- Regulation: CySEC, ASF, CNMV, FSCA, FSRA, FSA
- Trading Platform: Capex WebTrader, MT5
- EURUSD Spread: 1.8 pips
- Demo Account: Available
- Minimum Deposit: $100
- Base Currencies: USD, AED, EUR, ZAR
- Maximum Leverage: 1:300
- Assets: Currency pairs, Stocks, Indices, ETFs, Commodities, Cryptocurrencies
- Deposit Replenishment: Bank Transfer, Visa/MasterCard, Skrill, Neteller
- Withdrawal Fee: Not specified
- Payment for Inaction: $30/month for accounts inactive for 90 days or more
- Islamic Accounts: Available
- Segregated Accounts: Yes
- PAMM Accounts: Not available
- Partner Account: Available
- Scalping: Permitted
- Automatic Trading: Supported
- Mobile Trading: Yes
- Web Terminal: Yes
- Social Trading: Not available
- Signals: Not available
- VPS: Not available
- Deposit Bonuses: Not available
- Contests: Not available
- Support: 24/5
