Capital Swiss FX Review Scam Complaint
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Capital Swiss FX is an offshore forex and CFD broker. The offers of the broker are too good to believe as the broker is an unregulated one. The owner company of the broker is Swiss Cap Ltd and it is based in St. Vincent and the Grenadines, the place known for shady broker’s hub. The broker did not provide much information about itself on its website, despite it has shared its goals and visions on its website. It is highly recommended to go through this review prior investing with this broker.
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About the Capital Swiss FX:
Capital Swiss FX is an unregulated forex and CFD brokerage company. The broker basically offers a single type of account; Standard account and the details regarding that were also not mentioned by the broker. The software offered by Capital Swiss FX for trading is MetaTrader4 platform which is the platform that most forex traders are familiar with. The platform is highly reliable and suits all the needs of the trader. Capital Swiss FX offers its clients a high leverage ratio of 1:400. Still, beware of the risks involved with high margin trading as high ratio invites high risk. The number of financial assets provided by this broker is quite decent. Contracts for difference on commodities, indices and the one exotic asset are availability of cryptocurrencies.
In the demo account of the broker it has been seen that the broker provides MT4 platform which was slightly unusual in behavior. Some of the spreads were fixed, while others were floating. The EUR/USD one was stuck at 3 pips, while some of its more exotic counterparts were floating. Capital Swiss FX provides very few options of payments, including Credit Card deposits and potentially Bank Transfers. The wording on their website isn’t that precise and we can’t be certain about the latter.
Is Capital Swiss FX legit or scam?
Capital Swiss FX is an unregulated forex and CFD broker which is based in St Vincent and the Grenadines. The claims of the broker are just opposite to what it delivers, it claimed on its website in one of the inner sections that the law governing it is Cyprus. Whereas, the truth is Cyprus doesn’t have this broker registered with it. The trading conditions were also not mentioned on the website of the broker which tends to prove that’s it’s a shady broker. Therefore, it is not recommended to trade with this scam broker.