Capex
Published: Updated:
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
- Payment systems
- Instruments
- Forex, Stocks, Indices, Commodities, Metals, Energies, ETFs, Bonds, Cryptocurrencies
- Legal entity
- Key Way Investments Ltd
- Jurisdiction
- Cyprus
- Fees
- CAPEX prices CFDs through the spread with no commission on most instruments. An inactivity fee applies after a period without trading, and a currency conversion charge applies where the instrument currency differs from the account currency.
- Withdrawals
- Withdrawals return to the funding method and are normally processed within one to three business days. Card returns are capped at the deposited amount.
- Available in
Features
- Seminars and trader training
- Daily market analysis
- Low minimum deposit
- Islamic (swap-free) accounts
- Segregated client funds
- Affiliate program
- Wide range of tradable instruments
Cons
- Only the Capex WebTrader platform is offered.
Founded in 2016 and headquartered in Cyprus, Capex is a Forex and CFD broker with regulated entities in Cyprus (CySEC), South Africa (FSCA), the UAE (FSRA), and the Seychelles (FSA), plus registered branches in Romania (ASF) and Spain (CNMV). It offers forex, stocks, indices, ETFs, commodities, and crypto on Capex WebTrader and MT5, with leverage up to 1:300 outside the EU. The minimum deposit is $100 across five account tiers.
Capex is a multi-regulated Cyprus broker with a $100 minimum deposit, daily market analysis, Islamic accounts, and a wide instrument range.
Overview
Capex is a Forex and CFD broker founded in 2016 and headquartered in Cyprus, with additional offices in Romania, Spain, South Africa, the United Arab Emirates, and the Seychelles.
Regulation and Safety
Capex operates under Key Way Group Ltd, which runs several regulated entities:
- Key Way Investments Ltd (Cyprus) — regulated by CySEC, with branches registered with Romania's ASF and Spain's CNMV.
- JME Financial Services (Pty) Ltd (South Africa) — regulated by the FSCA.
- Key Way Markets Ltd (UAE) — regulated by the FSRA.
- KW Investments Ltd (Seychelles) — regulated by the FSA.
Client funds are held in segregated accounts, and Capex offers negative balance protection. Deposits placed with the Cyprus entity are covered by the Investor Compensation Fund (ICF) up to €20,000 if the company becomes insolvent.
Leverage
Maximum leverage depends on where you're regulated. EU and UAE clients are capped at 1:30 on the most liquid assets under ESMA-aligned rules. Clients in South Africa and the Seychelles can trade with leverage up to 1:300.
Trading Instruments
Capex lists:
- 55+ currency pairs
- 15 major stock indices
- 2,000+ stocks
- 30 ETFs
- 18 commodities
- 8 sector-based stock baskets
- 15+ cryptocurrencies
- IPO trading
Trading Platforms
Capex offers two platforms:
- Capex WebTrader — a web-based platform with technical indicators, multiple chart types, and a sentiment indicator showing other traders' positioning.
- MT5 (MetaTrader 5) — the widely used third-party platform.
Account Types
Capex offers five account tiers — Basic, Essential, Original, Premium, and Signature — with minimum deposits from $100 (Basic) to $25,000 (Signature). Trading conditions are largely the same across tiers; the higher tiers add more customer support, training, analytics, and VIP services.
Spreads and Commissions
Capex is a market maker and sets its own fixed spreads. At the time of review, the EUR/USD spread was 1.8 pips — on the high side — but this covers all trading costs, so there's no separate commission.
Minimum Deposit and Fees
The minimum deposit is $100. Funding methods include bank transfer, debit/credit cards, and e-wallets such as Skrill and Neteller. There's no deposit commission, but Capex charges a $30 monthly fee on accounts inactive for 90 days or more.
Verdict
Capex suits traders who want high leverage from a multi-regulated broker. Its market-maker model means fixed spreads that run wider than many ECN alternatives, which is worth weighing against the platform choice and account tiers on offer.
Capex at a Glance
| Founded | 2016 |
|---|---|
| Headquarters | Cyprus |
| Regulation | CySEC, ASF, CNMV, FSCA, FSRA, FSA |
| Trading platforms | Capex WebTrader, MT5 |
| EUR/USD 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 methods | Bank transfer, Visa/MasterCard, Skrill, Neteller |
| Withdrawal fee | Not specified |
| Inactivity fee | $30/month after 90 days inactive |
| Islamic accounts | Available |
| Segregated accounts | Yes |
| PAMM accounts | Not available |
| Partner program | Available |
| Scalping | Permitted |
| Automated 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 |
| Customer support | 24/5 |
Trading conditions
CAPEX offers a broad multi-asset CFD range on MetaTrader 5 and its own web platform, with research and educational content produced in-house alongside third-party analysis feeds.
The instrument list is genuinely wide — several thousand across equities, ETFs, bonds, indices, commodities and currencies — which suits a trader who wants variety in one account rather than the tightest currency spread.
The CySEC entity applies ESMA limits with negative balance protection and Investor Compensation Fund cover up to €20,000; the Seychelles and Bahamas entities apply neither and carry the higher leverage the brand markets outside Europe.
Verification
Verification requires photo ID and proof of address, with an appropriateness assessment and economic profile on the regulated entities. Documents are usually reviewed within one to two business days.
Model the non-trading charges before funding. The inactivity fee and the currency conversion charge together matter more to a small or multi-currency account than the spread does, and neither appears in a spread comparison.
