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PEAK CAPITAL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-08-12 13:58

Abstract：Established in 2002 and with headquarters in the United Kingdom, PEAK Capital is an unregulated financial services company with binary options, forex, and bitcoin trading capability. While the main disadvantage of the company is the lack of regulatory control, thereby posing major hazards to investors, the variety of account types helps to accommodate different levels of traders.

PEAK Capital Information

　　Established in 2002 and with headquarters in the United Kingdom, PEAK Capital is an unregulated financial services company with binary options, forex, and bitcoin trading capability. While the main disadvantage of the company is the lack of regulatory control, thereby posing major hazards to investors, the variety of account types helps to accommodate different levels of traders.

Pros and Cons

Pros	Cons
Offers binary options, forex, and cryptocurrency	Unregulated
24/7 customer support	High commissions from $25 to $85
	High minimum deposit for Silver and Gold accounts(max $2000)

Is PEAK Capital Legit？

　　Being an unlicensed broker, PEAK Capital runs free from any legal control. This lack of control implies that investors are not under government protection, so trading with this company carries a lot more risk.

　　The official website of PEAK Capital is prohibited now.

What Can I Trade on PEAK Capital？

　　PEAK Capital offers trading on popular instruments, including binary options, forex, and cryptocurrencies.

Tradable Instruments	Supported
Binary Options	✔
Forex	✔
Cryptocurrencies	✔
Stocks	❌
Indices	❌
Commodities	❌
ETFs	❌

Account Types

　　PEAK Capital offers three types of live trading accounts: Starter, Silver, and Gold. The platform does not provide demo accounts or Islamic accounts.

Account Name	Minimum Deposit	Commission	Suitable for
Starter	$300	$25	Beginner traders
Silver	$1,000	$50	Intermediate traders
Gold	$2,000	$85	Experienced traders

PEAK Capital Fees

　　PEAK Capital's fees are relatively low compared to industry standards.

Trading Fees

　　PEAK Capital Commissions

　　Different account forms affect the spreads and commissions. For instance, the Gold account pays a $85 commission whereas the Starter account pays a $25 one.

Account Type	Commission
Starter	$25
Silver	$50
Gold	$85

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Peak Capital Options Platform	✔	Desktop, Web Browser, Tablet	Suitable for real-time traders who need desktop-based environments and mobile access on the go.
TradingView	✔	Desktop, Web Browser, Mobile	Ideal for beginner traders who prefer an intuitive, chart-focused platform.
MetaTrader 4 (MT4)	✔	Desktop, Web Browser, Mobile	Best for beginners due to its user-friendly interface and comprehensive educational resources.
MetaTrader 5 (MT5)	✔	Desktop, Web Browser, Mobile	Suitable for experienced traders who require advanced features, faster processing, and more order types.
cTrader	✔	Desktop, Web Browser, Mobile	Tailored for advanced traders seeking a sophisticated trading experience with deep liquidity and enhanced charting tools.
NinjaTrader	❌	N/A	Primarily designed for futures traders, not supported by Peak Capital Options.
Thinkorswim	❌	N/A	Best suited for options traders, not supported by Peak Capital Options.

Deposit and Withdrawal

　　PEAK Capital does not say clearly whether it charges deposits or withdrawals fees. Account type determines the minimum deposit; the Starter account starts at $300.

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	$300	-	-
Credit/Debit Card	$300	-	-
Bitcoin	$300	-	-
Ethereum	$300	-	-

Customer Support

　　PEAK Capital provides 7/24 customer support,through phone and email.

Contact Options	Details
Phone	+1 (631) 629 1519
Email	info@peakcapitaloptions.com

The Bottom Line

　　Although PEAK Capital provides a selection of trading tools, its unregulated character is a major disadvantage. It is best fit for seasoned traders ready to assume more risks.