Capex

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