Capital GMA Review
Capital GMA claims to be a broker providing financial services to its clients while enabling them to experience the most volatile exchange market. It also promises to offer the users with the benefits of trading online and managing the risk effectively but the same does not looks promising because of various relevant information which is unrevealed by them. This defines that the risk involved in trading with this broker is high and a deep research should be done before investing. To get a clear image of the broker lets go through this review to understand the advantages and disadvantages.
About Capital GMA:
Capital GMA is said to be based in Bulgaria operating under the Equalizer Ltd., but there is no accurate information available in their website regarding its regulation which leads to the conclusion that the broker is not lawfully registered making the trading environment unsafe for the investors. However, Capital GMA claims to offer more than 70 financial services which majorly include Indices, commodities, precious metals and CFDs on stocks. It does not allow the usage of MT4 trading platform which is most preferred among the traders however, it consist of its own web-based platform to the clients allowing the user interface which can be used easily on the desktop, Mobile phones and tablets.
The broker provides their clients with 3 trading accounts which are Bronze, Silver and Gold. Bronze account requires the minimum deposit of $1000 whereas the information regarding the maximum leverage and spread is not mentioned. Silver account requires the minimum deposit of $2500 with maximum leverage of 1:400 and spread is 3 pips (fixed), while the Gold account requires the minimum deposit of $10000 with no information of leverage and spread. The education materials offered by them also consist of very little details which does not provide any help to its client regarding the understanding of the market situation and live charts. Also, the payment options provided by them are Mastercard, VISA, Wire transfers and EFTPay, the process of which is quite difficult as it takes 2-3 weeks to provide the clients with their funds.
Along with this, there are various other disadvantages which make the investors to think twice before investing with this broker. Capital GMA does not provide the clarity in trading conditions which make it difficult to understand the terms and conditions of trading. Also, the minimum deposit of $1000 is quite too much as compared to other brokers in the market. Also, as per the various websites, the broker has been blacklisted by CONSOB, an Italian Financial Regulatory claiming it as a
Is Capital GMA a Scam or Legit?
The first and the most important job of any broker is to get its firm registered lawfully, operating under the financial authorities which is missing in the case of Capital GMA. However, no investors would be willing to take risk by investing a huge sum of money with an unregulated broker and where there is undisclosed trading information. It is possible that the broker will result in Scam and will run away with all the funds and can be stated that Capital GMA is a potential scam and can break the faith of investors anytime.