CapitalXP Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-13 14:59

Abstract：CapitalXP is an offshore forex broker, owned by Quattro Holding Group, a company registered on Saint Vincent and the Grenadines. CapitalXP does not offer its services to residents of certain jurisdictions such as the USA, Belgium, France, Iran, Canada and North Korea.

　　Note: CapitalXP's official website https://www.capitalxp.net/ is currently inaccessible normally.

CapitalXPReview Summary
Founded	2019
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex currency pairs, commodities, indices, crypto CFDs
Demo Account	✅
Leverage	Up to 1:100
EUR/USD Spread	Around 1 pip
Trading Platform	MT4
Min Deposit	/
Customer Support	Email: support@capitalxp.net
Regional Restrictions	USA, Belgium, France, Iran, Canada and North Korea

　　CapitalXP is an offshore forex broker, owned by Quattro Holding Group, a company registered on Saint Vincent and the Grenadines. CapitalXP does not offer its services to residents of certain jurisdictions such as the USA, Belgium, France, Iran, Canada and North Korea.

Pros and Cons

Pros	Cons
Various trading markets	Inaccessible website
Demo accounts available	Lack of regulation
MT4 provided	Weak customer support
	Lack of transparency

Is CapitalXP Legit?

　　CapitalXP is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.

What Can I Trade on CapitalXP?

　　Tradable financial instruments available on CapitalXP include forex currency pairs, commodities, indices.

　　Besides, CapitalXP claims to be offering crypto CFDs such as Bitcoin, Ripple, Ethereum and Litecoin, but those were not available in the demo accounts.

Account Type

　　CapitalXP offers 5 types of accounts, including Basic, Silver, Gold, Platinum, and Diamond. However, the minimum deposit requirement is not mentioned.

Leverage

　　In terms of trading leverage, the maximum leverage level offered by this broker is up to 1:100. Professional traders may think this is a little conservative. However, inexperienced traders are advised not to use too high leverage, as it can amplify gains as well as losses.

Spread

　　There are no specific spread conditions on particular instruments. The minimum spread on the EUR/USD pair for the Standard account is around 1 pip, which seems quite align with the industry standard.

　　However, given the fact that CapitalXP is an unregulated broker, traders should stay away from it in spite of its trading conditions.

Trading Platform

　　CapitalXP offers its services on the MetaTrader4 (MT4) platform, which we always see as a positive in a brokers offer. The main strong sides of the MT4 are the great charts, the speed of execution, support of automated trading strategies, and the programming environment.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, desktop, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　On CapitalXP, payment options include credit cards (VISA, MasterCard), bank wire, QIWI, and Yandex. However, details such as the processing time and fees are not clear.