Risk Warning
Online trading involves significant 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.
General Information
What is Regain Capital？
Regain Capital is a trading brand of the Top Wealth Group, a subsidiary of Top Wealth Trading Limited, registered in Seychelles, offering trading services for Forex, precious metals, crude oil, and indices. The broker provides traders with access to the MT4 and MT5 trading platforms and offers two live account types, Standard and VIP. However, it's worth noting that Regain Capital has had its FSPR license revoked and does not have authorization from the NFA.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Regain Capital has several advantages, including a wide range of instruments, competitive spreads, and multiple trading platforms. They also offer educational resources and excellent customer service. However, there are concerns about the validity of their licensing and regulatory status, which raises questions about their safety and reliability as a broker. Additionally, their withdrawal fees may be a disadvantage for some traders. Overall, traders should weigh the advantages and disadvantages carefully before deciding to trade with Regain Capital.
Regain Capital Alternative Brokers
There are many alternative brokers to Regain Capital depending on the specific needs and preferences of the trader. Some popular options include:
FXCM: With over two decades of experience, a variety of trading platforms, and low minimum deposit requirements, FXCM is a reliable and versatile option for traders of all levels.
IC Markets: With low spreads, high leverage, and a wide range of trading instruments, IC Markets is a solid choice for experienced traders looking for advanced trading tools.
EightCap: Offering tight spreads, advanced trading platforms, and a range of educational resources, EightCap is a good choice for traders looking for a comprehensive trading experience.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Regain Capital Safe or Scam？
The fact that Regain Capital holds a revoked FSPR license and an unauthorized NFA license raises concerns about its legitimacy and regulatory compliance. Investors should exercise caution and thoroughly research the company before investing with them. It is always recommended to choose a broker that is regulated by reputable regulatory bodies to ensure the safety of funds and fair trading practices.
Market Instruments
Regain Capital provides its clients with access to more than 40 different types of financial instruments. These include major, minor, and exotic currency pairs, precious metals like gold and silver, energies such as crude oil, and various indices representing major stock markets around the world. This diverse range of assets offers traders the opportunity to diversify their portfolio and find trading opportunities in a variety of markets.
Accounts
Regain Capital provides two types of live accounts, namely Standard and VIP, where the minimum deposit required to open a Standard account is $100, while for a VIP account, it is more than $50,000. The VIP account holders have the privilege of accessing exclusive trading guidance, summary, strategies, and risk management guidance. Moreover, both the Standard and VIP accounts come with an Islamic account option, which is swap-free. Regain Capital also provides demo accounts for traders to practice their skills. It is important to note that customers can register multiple accounts using their ID document, but each phone number can only be registered to one account.
Leverage
It seems that there is some inconsistency regarding Regain Capital's leverage. While both Standard and VIP accounts have a leverage of 1:100, their homepage advertises leverage of up to 1:400. It's important to note that high leverage can increase the potential for profits, but it can also increase the risk of losses. It's recommended to carefully consider the risks and benefits of leverage before using it in trading. It's also important to verify with Regain Capital what the actual maximum leverage is, as there seems to be conflicting information.
Spreads & Commissions
Regain Capital offers floating spreads on its trading pairs, with different spreads for different instruments. The average spread for EUR/USD is 2.2 points, but can decrease to 1.7 points. For gold, the average spread is 5 points, with fluctuations between 4.4 and 5.6 points. Crude oil has a fixed spread and transaction cost of 5 points, with details available on the quotation side. No commissions are charged.
Below is a comparison table about spreads and commissions charged by different brokers:
Note: The spread and commission values are subject to change and may vary depending on the trading conditions and account type selected.
Trading Platforms
Regain Capital provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for Windows, iOS, and Android. MT4 and MT5 are user-friendly and customizable, allowing traders to set up their preferred trading environment. Both platforms provide advanced charting tools, technical analysis indicators, and real-time market quotes. Additionally, traders can use Expert Advisors (EAs) on these platforms to automate their trading strategies. The mobile versions of these platforms provide on-the-go trading, giving traders the flexibility to access their accounts and trade from anywhere.
Overall, Regain Capital's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Note: Please note that some brokers may offer additional trading platforms or discontinue certain platforms, so it is always recommended to check the official website of each broker for the most up-to-date information.
Deposits & Withdrawals
Regain Capital offers wire transfer as the only deposit method and allows the withdrawal of funds in RMB via an automated process. The minimum deposit requirement is $100, and there are no fees charged on deposits. A fixed fee of $5 is charged during withdrawal, and funds are typically credited into the corresponding trading account within 1 business day, usually within 1 hour. However, during holiday periods or if there are payment channel problems, deposit times may be extended to 3 business days or longer.
Regain Capital minimum deposit vs other brokers
Regain Capital Money Withdrawal
To make a withdrawal, please log into your account through their official website, select ‘withdraw’ and follow the instructions on the withdrawal page. Withdrawals will generally take 24-48 hours, however, on some occasions processing times make take longer. Please note when making your first withdrawal, you will be asked to bind your bank card to your account.
Customer Service
Regain Capital provides customer support via live chat, email, and request a callback, available 24/5. Additionally, they have an FAQ section available on their website, which can be useful for finding quick answers to common questions. Customers can also follow them on social networks, such as Facebook and Instagram, for updates and news. Regain Capital's customer service team is generally responsive and helpful, providing assistance with account-related questions and technical issues.
Note: These pros and cons are subjective and may vary depending on the individual's experience with Regain Capital's customer service.
Education
Regain Capital provides educational resources for traders of different levels, from beginners to advanced traders. The educational articles cover various topics such as technical and fundamental analysis, risk management, and trading strategies. The articles are categorized based on the trader's level, making it easy for traders to find articles that are relevant to their level of experience. Additionally, the platform offers Additional Reading, which consists of a list of recommended books on trading, finance, and economics. The educational resources are designed to help traders improve their skills and knowledge, allowing them to make better-informed trading decisions.
Conclusion
All in all, Regain Capital offers a wide range of instruments with floating spreads and no commission fees. The broker also provides its clients with the popular MT4 and MT5 trading platforms, available on various devices. Regain Capital's customer service is available 24/5. The broker's educational resources cater to traders of all levels.
However, there are concerns about the legitimacy of Regain Capital's licensing, as the company holds a revoked FSPR license and an unauthorized NFA license. Overall, traders should carefully consider the risks before choosing Regain Capital as their broker.
Frequently Asked Questions (FAQs)
2022-11-24 14:20
2022-11-24 09:57
