Read this complete Capitalix review to know why we add this broker in our scam broker list. Capitalix appears to be a deceitful company that, unlike several others, we have evaluated, manages to present an almost convincing façade of legitimacy. Their website appears decent, boasting extensive Terms and Conditions spanning a whopping 107 pages, along with a license number from what seems to be a regulatory body, potentially based offshore. However, any impression of credibility quickly disintegrates upon closer inspection, revealing a myriad of ambiguous terms and fees. Furthermore, it becomes evident that their claims of holding a license are nothing but a blatant falsehood.
This unscrupulous broker seems determined to exploit you to the maximum extent possible, primarily through exorbitant fees, and may even disappear with your funds altogether.
Website – https://www.capitalix.com/, https://www.cptalix.com/
Website Availability – Yes
Address – CT House, Office 9A, Providence, Mahe Seychelles
Warning – Not recommended by the review website like Scam Bitcoin
Domain Age –
| Domain Name | capitalix.com |
|---|---|
| Date Registered | October 22, 2010 |
| Domain Age | 12 years, 9 months, 12 days, 15 hours, 21 minutes |
Capitalix Review: Regulation
Capitalix lists two addresses – one in Cyprus and the other in Seychelles – and asserts that it operates under the regulation of the Seychelles Financial Services Authority (FSA). On their website, the FSA logo is prominently displayed, along with a license number provided in the footer.
It’s worth noting that Seychelles is considered an offshore location with certain regulatory requirements that brokers must adhere to before obtaining a license.
One significant aspect to consider is that the capital of the broker is not kept separately but can be utilized for other financial activities related to the broker’s operations. Additionally, there is no mandatory obligation to keep client funds in segregated accounts, which may pose potential risks to clients’ investments. As such, investors should exercise caution and carefully assess the risks associated with engaging with a broker operating under such regulations.
Capitalix Review: Trading Platform
Capitalix claims to provide a “simple but powerful” web trading platform, although we were unable to verify its features firsthand. Despite our use of a VPN, the broker categorically denied access to their registration form for an account, stating that they were not accepting clients from our country. This situation raised some concerns, as the broker seemingly possessed knowledge of our location despite our efforts to remain anonymous through the VPN.
This refusal to accept clients from our country may suggest that Capitalix is currently not open to new clients. However, it is prudent to remain vigilant, as they might open their services to clients in the future. Nonetheless, based on our experience, it is advisable to steer clear of Capitalix as a precautionary measure, especially if they resume accepting clients. Caution is essential when dealing with brokers that exhibit such ambiguous behavior.
Capitalix Review: Trading Conditions
In the absence of an account, we are unable to verify the validity of the broker’s promises displayed on their website. According to their claims, the minimum deposit required with Capitalix is $100, which is reasonable, but it is worth noting that there are legitimate brokers that offer account setups for even lower amounts.
Regarding the spreads, the broker alleges that they can be as low as 0.5 pips, which is an attractive feature. However, without access to an account, we cannot confirm the accuracy of this statement.
Furthermore, Capitalix boasts a promised leverage of up to 1:200, which is significantly higher than what most regulatory bodies worldwide allow. This exceptionally high leverage could pose increased risks to traders.
Given the unverified nature of these claims, it is advisable to proceed with caution and conduct thorough research before considering any engagement with Capitalix or any other financial service provider.
Deposit and Withdrawal Methods
The broker’s website claims to accept payments through credit or debit cards and bank transfers, both of which are generally secure payment methods. However, it is crucial to note that the broker itself is not trustworthy, and it is strongly advised against transferring money to them.
Furthermore, Capitalix offers bonuses that are prohibited by legitimate European, Australian, and US brokers due to regulatory restrictions. To withdraw the bonus amount or any profits generated from it, you would be required to achieve a turnover of 200 lots for every $1000 you have received. This turnover requirement is quite high, but the major issue lies in the fact that there is no reliable way to discern the profits made specifically from the bonus and those stemming from your own funds.
Capitalix Review: Conclusion
If you have fallen victim to the Capitalix scam or any other form of fraudulent activity, there is a way to find help and resolution. You can visit our Scam Bitcoin website, where we have created a complaint form tailored to address concerns related to scam brokers. By using this form to submit your complaint, you will have the opportunity to access a free consultation with our team of experts, dedicated to assisting you in resolving your situation. We are committed to providing support and guidance to those who have been affected by such scams and working towards a positive resolution for your case.
More about Scams
Recent Comments