Capital Traders Review Scam Complaint
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Capital Traders is an offshore broker and your money is not safe with them. The broker uses the logo that reminiscent very much to that of a famous and internationally known company. The broker’s website provides confusing information regarding its registration and authenticity. The broker is owned by a company named open solution Ltd which first was providing binary trading services but now has been shifted to spot trading. There are many such unimpressive things about the Capital Traders, let’s get them in the below review.
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About the Capital Traders:
Capital Traders is an offshore forex and CFD broker. The broker offers five types of accounts for trading to its clients namely Basic, Bronze, Silver, Gold, and Platinum. One of the advantages of this broker Capital Traders is that it allows you to trade various market assets. Many Forex pairs with cryptocurrencies, commodities, equity indices, as well as few specific stocks are offered by the broker to the traders. Leverage is one of the things in trading which can be one’s greatest friend but at the same time it can be the greatest enemy. A high leverage attracts high risk, but this broker provides a leverage ratio of 1:200 which is not very high.
Capital Traders cover every mode of payment from Bank transfer to e-wallets. The cost of trading with this broker has touched a new high, with the current offers by others in the industry. The EUR/USD spread that could be seen after registering an account with the broker is 4.4 pips. The broker doesn’t provide MT4 platform, instead it provides a web based trading experience to its clients. The minimum deposit requirement for the smallest account type at Capital Traders is Euro 500. This is above the average initial minimum deposit requirement of the industry.
Is Capital Traders legit or scam?
Capital Traders is an unregulated broker which is not even registered with FCA. The website of the broker is very sloppy and basic not even containing the required information about the company. Moreover, in the FAQ section of the website you can see that they have provided a same answer to every question without seeing its relevancy. Everything about the broker seems to be shady and confusing; there is nothing that could be a support to the legitimacy of the company. Therefore, it can be said that the broker is a fraud and investing your money with it is complete risk.