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Choosing a reliable trading platform is crucial for all investors, especially given the rise of fraudulent brokers.
CapitalFX Plus claims to be a sophisticated trading platform offering various assets like forex, stocks, indices, and commodities.
However, issues with platform reliability and an FCA warning suggest otherwise.
This review examines CapitalFX Plus’s services, trader support, key features, and overall legitimacy to help you decide if it’s a worthy investment.
Services Offered by CapitalFX Plus
CapitalFX Plus claims to offer trading in forex, stocks, indices, and commodities. The platform supports multiple languages, including English, Hindi, and Bangla.
They promote high payouts and low pips but provide only Bitcoin for deposits despite other claims like CB wire transfer and crypto options.
Key Features and Benefits
Pros:
- Multi-language support (English, Hindi, Bangla).
- Claims of high payouts and low pips.
Cons:
- Lack of transparency and regulatory oversight.
- Fake claims of being licensed by multiple authorities.
- Only Bitcoin is available for deposits despite other claims.
- Frequent server errors when accessing the trading section.
Legitimacy and Trustworthiness
CapitalFX Plus falsely claims to be regulated by several authorities, including the MFSA, Labuan FSA, VFSC, and BVIFSC, but none of these claims appeared in the regulatory registries, indicating another probable fake claim.
The FCA has issued a warning against CapitalFX Plus, stating that it operates without authorization and provides false contact information.
Negative Highlights from ScamAdviser
ScamAdviser gives CapitalFX Plus a trust score of 1/100, highlighting several concerns:
- The website owner hides their identity using a WHOIS service.
- The site has a low rank according to Tranco.
- It shares a server with many suspicious websites.
- The registrar has a high percentage of spammers and fraud sites.
- The site may offer high-risk cryptocurrency services and financial services with high risk/return.
- There is a negative association on social media.
- The website is very young and hosts sensitive data on a shared server.
- It has been reported as malicious by Bfore.ai.
FAQs
Is CapitalFX Plus regulated by any financial authority?
No, despite their claims, CapitalFX Plus is not regulated by the FCA or any other reputable authority.
What is the minimum deposit requirements at CapitalFX Plus?
Information about the minimum deposits is not provided.
What are the risks of investing with CapitalFX Plus?
High risks include potential loss of investment due to fraud and regulatory non-compliance.
Why did the FCA issue a warning against CapitalFX Plus?
The FCA issued a warning because CapitalFX Plus is operating without authorization and offering financial services illegally.
What assets can I trade on CapitalFX Plus?
The platform claims to offer trading in forex, stocks, indices, and commodities.
