Abstract:Capital One Market, a trading name of CAPITAL ONE MARKET LIMITED, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and floating spreads around 2 pips on a web-based trading platform via 8 different live account types.
Note: Capital One Market is to operate via the website - https://capitalonemarket.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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 & Regulation
Feature | Detail |
Regulation | No Regulation |
Market Instrument | forex, CFDs, stocks, and commodities |
Account Type | Mini, Standard, Bronze, Silver, Gold, Platinum, Black and VIP |
Demo Account | yes |
Maximum Leverage | 1:1000 |
Spread (EUR/USD) | 2 pips |
Commission | N/A |
Trading Platform | Web |
Minimum Deposit | $250 |
Deposit & Withdrawal Method | Credit/Debit cards, Wire Transfers, OkPay and AliPay |
Capital One Market, a trading name of CAPITAL ONE MARKET LIMITED, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and floating spreads around 2 pips on a web-based trading platform via 8 different live account types.
As for regulation, it has been verified that Capital One Market currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.29/10. Please be aware of the risk.
Market Instruments
Capital One Market advertises that it offers access to a wide range of trading instruments in financial markets, including forex, CFDs, stocks, and commodities.
Account Types
Apart from demo accounts, Capital One Market claims to offer seven more types of live trading accounts, Mini, Standard, Bronze, Silver, Gold, Platinum and Black, with minimum initial deposit requirements of $250, $5,000, $25,000, $50,000, $100,000, $250,000 and $500,000 respectively, as well as a VIP account about which no further information is given. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The specified leverage for different account types at Capital One Market varies between 1:100 and 1:1000. Specifically, 1:100 for the Mini account, 1:200 for the Standard account, 1:350 for the Bronze account, 1:500 for the Silver account, 1:750 for the Gold account, 1:1000 for the Platinum, Black and VIP accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
As tested on the demo account of Capital One Market, the EUR/USD spread is 2 pips. By contrast, the industry average is just 1.5 pips.
Trading Platform Available
Capital One Market claims to give traders the leading MT4 and MT5, however, only a web-based trading platform instead. Whatever, traders have better choose brokers who offer the MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
The funding methods available at Capital One Market are Credit/Debit cards, Wire Transfers, OkPay and AliPay. The minimum initial deposit requirement is said to be $250, while the minimum withdrawal amount and fees are not determined.
Bonuses
Capital One Market also claims to offer some bonuses. However, the bonus can only be withdrawn when you trade 30 times the bonus plus the deposit. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
Capital One Markets customer support can be reached by telephone: 442080895103, email: support@CapitalOneMarket.com. Company address: Albert Embankment, Vauxhall, London, SE1 7SP.
Pros & Cons
Pros | Cons |
• Multiple trading instruments, account types and payment methods offered | • No regulation |
• Demo accounts available | • Website inaccessible |
• Uncompetitive EUR/USD spreads | |
• High minimum initial deposit requirement |
Frequently Asked Questions (FAQs)
Q 1: | Is Capital One Market regulated? |
A 1: | No. It has been verified that Capital One Market currently has no valid regulation. |
Q 2: | Does Capital One Market offer demo accounts? |
A 2: | Yes. |
Q 3: | Does Capital One Market offer the industry-standard MT4 & MT5? |
A 3: | No. Although Capital One Market advertises to offer MT4 and MT5, instead, only a web-based trading platform is available. |
Q 4: | What is the minimum deposit for Capital One Market? |
A 4: | The minimum initial deposit with Capital One Market is $250. |
Q 5: | Does Capital One Market charge a fee? |
A 5: | Like every forex broker, Capital One Market charges a spread fee. While the information on other fees like commissions, deposit & withdrawal processing fees are missing. |
Q 6: | Is Capital One Market a good broker for beginners? |
A 6: | No. Capital One Market is not a good choice for beginners. Although it offers demo accounts, it lacks legitimate regulation and the minimum initial deposit amount is high. |
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