Updated on February 21, 2024
Quick Links
Pros
Cons
Conclusion
In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Capitalix due to the issues we've identified.
Is Capitalix Scam or Legit Broker? ▲
It's important to be cautious when dealing with Capitalix as it is not deemed a safe broker for traders. The primary concern stems from its offshore registration in Seychelles with the registration number 8426168-1, a jurisdiction known for its lenient regulatory environment. This raises significant red flags regarding the reliability and trading conditions offered by the broker. Furthermore, although Capitalix claims to have registration in Cyprus under the company name 4Square (CY) Ltd, it notably lacks a license from the Cyprus Securities and Exchange Commission (CySEC), a mandatory credential for offering Forex trading services in Cyprus. The absence of a CySEC license casts further doubts on Capitalix's legitimacy and commitment to upholding stringent financial standards.
Capitalix positions itself as a provider of a diverse trading portfolio, boasting an offering of around 150 forex currency pairs, as well as commodities, stocks, indices, and various cryptocurrencies including Bitcoin. The broker also claims recognition as the fastest-growing forex broker in the GCC by Global Brands Magazine. Despite these claims, our extensive evaluation uncovered that Capitalix is not licensed by any top-tier regulatory authorities. The broker's Seychelles registration and the lack of a CySEC license signal potential financial risks for traders. Moreover, a significant number of customer complaints have been reported, particularly concerning withdrawal difficulties and aggressive marketing tactics, which are often hallmarks of unreliable and scam brokerage firms.
Given the concerns over safety and the absence of proper regulation, Capitalix does not fare well in our overall assessment. After analyzing and comparing it against a pool of 1000 other brokers, Capitalix receives a low rating of 2.0 out of 5. This score reflects the broker's failure to meet the high standards of reliability, safety, and customer satisfaction that are upheld by reputable brokers in the industry.
Pros ▲
The diverse portfolio of trading instruments including forex, commodities, and cryptocurrencies offers traders a range of options for diversification.
Claims of recognition from industry publications could be indicative of efforts to establish credibility in the market.
Cons ▲
Lack of regulation from reputable financial authorities such as CySEC significantly undermines the safety and security of funds.
Offshore registration in Seychelles is a common characteristic of brokers with less stringent regulatory obligations, raising concerns about Capitalix's operational standards.
Reported difficulties in withdrawing funds and aggressive marketing tactics are major red flags that suggest potential scam operations.
Absence of transparency regarding trading conditions, fees, spreads, and commissions makes it challenging for traders to make informed decisions.
The reliance on promotional claims without substantive regulatory backing or customer satisfaction records casts doubt on the broker's reliability.
Conclusion ▲
In conclusion, our thorough investigation into Capitalix reveals several substantial concerns that prompt us to advise traders to steer clear of this broker. The lack of a reputable regulatory license, combined with the broker's offshore registration, raises serious questions about the safety of trader's funds and the integrity of the trading conditions provided. The reported issues with withdrawals and aggressive marketing strategies further underscore the potential risks involved in dealing with Capitalix. Based on our findings and in the interest of ensuring the safety and security of investments, we strongly recommend that traders and investors seek out brokers that are regulated by well-established regulatory bodies such as the FCA in the UK or ASIC in Australia. These regulators offer robust protection measures and enforce strict compliance standards, offering traders a higher level of security and peace of mind.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
Capitalix Review 2024
I was scammed over £84,000 by this Forex Broker in May 2024. While in August 2024 I found a Forex scam recovery expert on telegram channel that has over 4.5 million subscribers , I contacted him via his email id I found on the telegram channel because everyone was talking good so much about him on that telegram channel that he is 100% assured in Forex scammed funds recovery. So in few hours I got his feed back and the recovery expert required I should send all the details of the Forex scam broker and the payment proofs I made to this Forex scam broker and other details correctly, then after that he charged me only $875 for TPM upgrade software fee used to recovery my scammed funds back before my scammed funds was recovered and I paid because the recovery company only charge $875 TPM upgrade software fee used to recover Forex scammed funds and after your funds are been recovered, you now pay the recovery company for their service charge. So to my greatest surprise my £84,000 was transferred to my own Bank account then I paid the recovery company their service charge from the money they recovered for me and I was very happy and couldn’t hold my joy. If you need help too, contact this Forex Recovery expert via his mail id : charlesvictimhelp@outlook.com
Oh my goodness, it seems unbelievable but I just got my deposit back with the help of Rose, she is very reliable. At first I thought it was not possible and that it was a scam, but to my world I got my money back in less than 72 hours. Am so happy, Contact::
WHATSAPP:: +1 ( 6 6 0 ) 2 3 3 3 1 6 5
EMAIL:: r o s e h o o v e r 9 0 ( a t ) g m a i l . c o m.
I have been trying to withdraw my money since 8th February 2024. No open trades, and I have a small profit.I decided to withdraw money but have also had nothing approved or sent. All bad reviews are correct. Everything you have read has happened to me. Amount in question was 121,830 USD. Withdrawal request was made on 8 April again and it was declined by Investmarkets. I was relentless and I did my own research as well as Informing Police referred me to Mustang Recovery as they were able to work on my withdrawal and re-coup it. l will carry on posting this review everywhere on how Mustang Recovery assisted me, victims can as well reach them via (mustangggrc@ gmail. com)
Almost lost over $52,700 to them and a group of people are serious about this scam game. All thanks to Alex victim help at email . com for the refund, I will advise you contact him
Almost lost over $52,700 to them and a group of people are serious about this scam game. All thanks to Alex victim help at email . com for the refund, I will advise you contact him
They took advantage of me, tricking me into thinking I was making money while all they were doing was robbing me. You will be duped by this website, so please avoid it. Within a few days of reporting the problem to "AlexcryptoFX @ writeme dt COM" I received my money back in addition to my profit. He’s an expert.
They closed my trades without even taking time to inform me and went ahead to announce that it was technical problems, but I received no compensation and lost so much, trustpilot stopped trying to silence me by deleting my reviews. Mrs. Doris Ashley made sure I got back every penny they failed to pay me, all I had to do was file a report to them and they acted really fast and made sure I was refunded in less than a week.
Email: dorisashley71 (@) gmail com
WHATSAPP:+1---(404)--721---56--08
SCAM!!!! This trading platform are scammers and should be avoided by all means. They block me from withdrawals and it was pending for month without getting to my account but I mail fastrecoverychannel @ mail . com
who intervene and got all my frozen assets. I recommend y'all to file a complaint to fast recovery channel if you've been duped
everyone should be very careful i got scammed on this site twice, fortunately i was very lucky to get a recovery company site from my good friend who has been a victim before, the company helped me to get my lost funds back and I'm very happy honestly speaking, I should have dropped this company site link here, but this scam company refused. you can help yourself out by contacting their mail if you are a victim too.
Email:(dorisashley71 (@) gmail com)
WHATSAPP: +1---(404)--721---56--08