You’re ready to venture into the world of crypto CFDs and Forex trading, but where do you start? Well, the first step in trading is to find a broker, but with numerous brokers and platforms out there, knowing which one is right for you can be difficult.
Capitalix is a broker that has been around for a few years and has built a solid reputation in the industry. In this article, we’ll take a closer look at Capitalix and find out what makes it stand out from the competition. We’ll also review key features of this platform, so you can make an informed decision before signing up.
What is Capitalix?
Headquartered in Seychelles, Capitalix is a provider of online trading solutions, giving traders access to both Forex and CFD markets. Capitalix is one of the few brokerage platforms that offer cryptocurrency contract for difference (CFD) trading, and it has more than 150 assets ranging from indices, stocks, and precious metals available for trading. In terms of functionality, Capitalix provides both new and experienced users with the tools needed to succeed in their trading.
Key features of Capitalix
When you’re looking for a broker, you want to make sure that they offer the features that are important to you. Capitalix offers a variety of features, but some of the key ones include:
-Convenient leverage: Capitalix offers a leverage of up to 1:200 for its currency pairs and a 1:5 leverage for cryptocurrencies. This enables you to trade your favorite assets with smaller investments.
-Commissionless trading and low fees: Capitalix claims there are no commissions on trades opened. Withdrawals are also free, but the platform does charge a low 3% plus 0.25 cents fee per deposit, which is quite reasonable.
-Crypto CFD Trading: Considering the volatility of crypto assets, many brokers do not offer crypto CFDs. However, Capitalix allows traders to trade CFDs on popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, and a few others.
-Demo/Virtual account: You can open a virtual account and practice trading virtual money before you start risking your own money. This makes the brokerage platform attractive to new traders looking to dip their toe in the waters of Forex or CFD trading before investing money.
-Negative balance protection: Your losses are capped at the amount you have in your account if your account goes into negative territory,
-Trading platforms: Capitalix is available on both desktop and mobile devices. They have a custom created mobile app and are accessible on MetaTrader4.
Is Capitalix a scam? How safe is the platform?
Choosing a Forex broker can be a daunting task. There are many factors to consider, such as safety, regulation, customer service, and security. Asking questions like these can make sure that you’re comfortable with the platform before diving in too far.
We have researched Capitalix extensively and found that they are a legitimate, properly regulated broker with licensed technology and investment offerings compliant with regulatory bodies. The brokerage platform is licensed with the FSA and operates under 4Square SY Ltd, a firm registered in Seychelles with a registration number 8426168-1.
Transferring funds with Capitalix is secure and the platform fully adheres to all industry standards and protect your funds with Secure Sockets Layer (SSL) encryption. The company also carries out a KYC process for every new trader to provide an extra level of security.
Customer support is another integral aspect of a reputable broker. With Capitalix, we have found that their customer support team is very responsive and helpful, helping customers to quickly resolve any issues or questions they might have.
How to start trading on Capitalix
Capitalix has an easy-to-use platfrom that is tailored to both novice and experienced traders, so signing up is a very easy process with the following steps.
- Visit Capitalix.com and click on “Open an Account” to register. You can register through Google, Facebook, or filling the sign-up form.
- After signing up, you have the option of trading with $100,000 virtual money by clicking on “Trade Virtual.”
- To start trading with real money, click on the “Trade” button. You can make deposits using a credit card or by bank wire. Make sure you complete the KYC process.
- Withdrawals can be processed through credit cards (Visa, Mastercard, Maestro) or bank transfer with a processing time of 3 business days.
Conclusion: Should you use Capitalix?
So there you have it, our take on Capitalix. Overall, we think they’re a convenient and user-friendly option for trading, with a good range of market indicators, research tools, and other features. Capitalix won the award from the Global Brands Magazine as the fastest-growing forex broker in GCC, so they must be doing something right. You can trade from anywhere in the world where CFD trading is allowed, making them a great choice for international traders.
Visit Capitalix at www.capitalix.com/