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• Our Review Method

• Is CapitalXP Scam or Legit Broker?

• What is CapitalXP?

• Conclusion

Our Review Method ▲

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 CapitalXP due to the issues we've identified.

Is CapitalXP Scam or Legit Broker? ▲

CapitalXP emerges as a highly questionable trading entity, primarily due to its lack of substantial regulation. The broker is incorporated within St. Vincent and the Grenadines, a locale known for its minimal oversight and lenient conditions for forex brokerage firms. This location is frequently chosen for its ease of setup and nominal regulatory demands, but this very lack of stringent oversight poses a significant risk to traders who opt for brokers under the SVG Financial Services Authority's jurisdiction.

• About CapitalXP

• Registered in: St. Vincent and the Grenadines

• Type of License: Offshore License

• Is CapitalXP safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

The absence of any reputable licensing raises serious concerns about CapitalXP's safety and reliability as a forex broker. Its registration in an offshore jurisdiction does not equate to adequate regulation or oversight. Consequently, it is prudent to be cautious and preferably select brokers regulated by esteemed authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).

What is CapitalXP? ▲

CapitalXP operates as a Forex and Contracts for Difference (CFDs) broker under the ownership of Quattro Holding Group LTD, with its registration in the low-regulation haven of St. Vincent and the Grenadines. This locale is appealing to forex brokers due to its straightforward and economical registration process, coupled with the limited regulatory scrutiny it imposes. However, it is critical for potential traders to understand that a company's registration locale is distinct from its regulatory status, which is a common point of confusion for those new to forex trading.

The broker's website lists contact numbers for Russia and the United Kingdom. Despite this, CapitalXP, along with the Quattro Holding Group LTD, lacks regulation in these or any other jurisdiction by recognized financial regulatory bodies. The website's support for English and Russian languages further indicates that CapitalXP has been explicitly targeting individuals from these countries without possessing any legal authorization to offer its services there.

Conclusion ▲

Prominent financial watchdogs such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) play a crucial role in imposing stringent financial and ethical regulations on brokers under their jurisdiction. These regulatory bodies ensure the safety and ethical treatment of traders, which underscores the importance of opting for brokers that fall under their regulation.

For those seeking a reliable trading partner, it is advisable to choose among brokers regulated by the aforementioned authorities. Opting for well-regulated brokers, akin to the top forex brokers globally or specifically those regulated in the UK or Australia, ensures a higher degree of safety and reliability.

CapitalXP Update

Upon our latest check, the CapitalXP website was found to be inactive and unreachable, indicating that the broker has ceased operations. Despite this, traders should remain vigilant and steer clear of any future proposals that may emerge from this entity, as the lack of regulatory compliance and operational transparency previously highlighted remains a significant concern.