WikiFX Review: Is Capitalix Reliable?

About Capitalix

Capitalix, a trading name of 4Square SY Ltd, is allegedly a forex broker registered in Seychelles. The broker offers a wide range of market instruments, including forex, cryptocurrencies, stocks, indices, commodities, and metals. Traders can access over 150 trading assets across these markets. Capitalix provides multiple account types, including BASIC, SILVER, GOLD, PLATINUM, and VIP, catering to different trading needs. Leverage options range from 1:5 to 1:200, depending on the asset class. The broker does not charge commissions on trades. Capitalix is a financial platform that offers a range of investment options. One advantage of Capitalix is its user-friendly interface, which makes it easy for individuals to navigate and manage their investments.

Is it Legit？

Capitalix, regulated by the Seychelles Financial Services Authority (FSA) with license number SD052, operates as an offshore regulated entity. As an offshore regulatory license, it falls under the jurisdiction of the Seychelles. The licensed institution associated with Capitalix is 4 Square SY Limited, located at CT House, Office 4B, Providence, Mahe, Seychelles.

Trading Platform

Considered one of the best and most advanced trading platforms of the decade, MT4 is highly regarded by both beginner and professional traders. It offers a range of features including advanced analytical tools, an economic calendar, real-time market updates, take profit and stop loss functions, quick trading sessions, market indicators, and the ability to set stop loss and take profit levels across multiple timeframes.

Account Types & Minimum Deposit

Apart from the virtual account with a $100,000 virtual fund, there are five live trading accounts offered by Capitalix, namely Basic, Silver, Gold, Platinum, and VIP. However, the broker did not reveal any information about the minimum initial deposit requirement to open an account.

BASIC Account: The BASIC account type is the entry-level option provided by Capitalix. It offers a leverage of 200 and various trading assets, including FX Majors, FX Crosses, FX Minors, FX Exotics, Indices, Metals, Commodities, Shares, and Crypto. The spreads for different asset classes range from 3 pips to 70 pips. This account type does not mention any specific bonus.

SILVER Account: The SILVER account type provides spreads for various assets, ranging from 2.4 pips to 56 pips. The leverage remains at 200. Traders with a SILVER account can access all the available trading assets, including FX Majors, FX Crosses, FX Minors, FX Exotics, Indices, Metals, Commodities, Shares, and Crypto. Additionally, this account type may offer a bonus of up to 40%.

GOLD Account: The GOLD account type further enhances trading conditions with spreads, ranging from 1.8 pips to 42 pips. Traders with a GOLD account can enjoy the same leverage of 200 and access the full range of trading assets provided by Capitalix. Additionally, this account type offers a potential bonus of up to 60%.

PLATINUM Account: The PLATINUM account type is designed for traders seeking more favorable trading conditions. It provides spreads, ranging from 1.2 pips to 28 pips, while maintaining a leverage of 200. Traders with a PLATINUM account have access to all the trading assets offered by Capitalix and may be eligible for a bonus of up to 80%.

VIP Account: The VIP account type is the highest tier offered by Capitalix, providing the most advantageous trading conditions. It offers spreads, ranging from 0.3 pips to 7 pips, with a leverage of 200. Traders with a VIP account can trade all available assets and may be eligible for a bonus of up to 100%.

Exposure

We recently received a lot of complaints related to this broker, investors need to be aware of the potential risks.

Conclusion

Capitalix is a financial service provider that offers online trading services to its clients. It provides a range of investment options and tools to facilitate trading activities. Some advantages of Capitalix include a user-friendly platform, access to multiple markets, and various financial instruments. However, it is important to note that Capitalix has some drawbacks. These include potential risks associated with trading, limited customer support, and potential complexities in navigating the platform. It is crucial for individuals considering Capitalix to thoroughly research and assess the suitability of its services before engaging in any trading activities.