Capital Trades Review
The broker Capital Trade has many trading assets but its primary focus is on Cryptocurrency. Five trading accounts are placed to serve all kinds of trading styles. Providing such attractive trading conditions, the broker catches the eye of many expert traders. The broker claims to be owned by a London based organisation. Sadly, it does not talk anything about regulation. We give Capital Trades a low rating. All the reasons for this are discussed in this Capital Traders review. Please make sure to follow it till the very end.
About Capital Traders:
The provided five accounts and their required minimum deposits are as follows. Basic – €500, Bronze – €1000, Silver – €5000, Gold – €20000, and Platinum is unknown. To yield impartial and distinctive review we should consider possible pros and cons of Capital Traders. The broker access to many CFDs on cryptocurrency, commodities, equity, and foreign exchange pairs. The high leverage levels of 1:200 is available on the live trading accounts. Also, spreads of 4.4 pips can be seen. The above-mentioned spreads and leverages are very attractive and can make huge losses. There are many payment options available at Capital Traders such as bank wire transfer, Credit Cards, Skrill, Neteller, Yandex, WebMoney, Qiwi, Bitcoin, and Ethereum.
The disadvantages of Capital Trades are many and foremost is its unregulated nature. Capital Trades is operated by Option Solution Online LTD that claims to be London based. The broker situated in the United Kingdom must be regulated by the local financial regulator Financial Conduct Authority. As mentioned above the trading condition is on the higher side that can cause huge losses. A higher level of leverages such as 1:200 is banned in regulated trading markets. Also, spreads less than 1.5 pips are preferred by many traders. A web trader trading stage offered that has nothing special in it. However, it could not be compared with Meta Trader. We have mentioned the required minimum deposit that is immense and not economical. It seems that the official website of Capital Trades is incomplete. Several sections have the same content in it.
Is Capital Trades scam or legit?
The broker functions from London, United Kingdom and must be regulated by the local Financial Conduct Authority. The broker is not legit and has high leverages and spreads. Web Trader trading platform is provided and the official website is not complete. Therefore, we call Capital Trades a potential scam cryptocurrency broker.