- 7 Trading assets
- Easy sign up for both demo and live
- Low spreads on major currency pairs
- Multiple deposit methods
- Educational resources
- Above average minimum deposits
- ESMA limitations
Capex is a CFD brokerage with several years of experience in the European market. Just the fact that they’re located within the jurisdiction of the European Union suggests that they hold multiple licenses and that is indeed the truth.
During our Capex review, we found out that the company is registered with regulators such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchanges Commission (CySEC), Financial Supervision Authority (KNF) and the Federal Financial Supervisory Authority (BaFin).
The headquarters is located in Cyprus though, in Nicosia and it’s most likely that the company has offices in the relative countries of the regulators listed above.
Like always the information about the company’s regulators comes first as if there are none, then the review itself is redundant. But let’s start with the simplest answer and explanation. Can Capex be trusted as a brokerage? Yes, most definitely they can be trusted.
Capex trading features
In terms of features, Capex does fall within the standards of the CFD industry in Europe but falls short in terms of global competition. Although it may look quite limited at a first glance it’s important to remember that the region is under large pressure because of European Securities and Markets Authority’s (ESMA) guidelines on CFD products.
Capex CFD brokerage has leverage on assets similar to what you’d expect from an ESMA “regulated” company. For Forex pairs the maximum amount is 30:1 on major currency pairs like EUR/USD, cryptos have 2:1 and shares are a maximum of 5:1.
Once again, this is industry standards and Capex couldn’t increase the leverage offered even though they definitely have the capability to do so. One small hope for the leverage cap is CySEC’s decision to increase it to 50:1, but other than that, there’s very little room for diversification.
The spreads that are found on Capex are also quite competitive to other companies in the EU market. For example, on major currency pairs such as EUR/USD traders can get spreads starting from 3, which is not as low as one would expect, but it’s still good for profitability.
There are two types of software with the brokerage, the Capex WebTrader, and the MT5 platform. Usually, CFD brokers have only one software to offer, but having two available is always a plus, especially the MetaTrader 5 which is one of the most popular ones among veteran traders.
Capex Account types
In terms of account types, Capex also falls in the “above average” section thanks to at least a little bit of diversity. There are three types available in total, all targeting different calibers of traders interested. Let’s list their features below.
The Essential account is Capex’s beginner account in a sense. It has the lowest minimum deposit out of the three, numbering at $1000. Although it needs to be said that compared to the market standards this minimum deposit is a little bit on the expensive side. In fact, we were so surprised with the amount that the Capex scam nearly became a legit possibility, but it has redeeming qualities.
Other features include limited access to the platform’s video content library for educational purposes as well as a DEMO account with professional support.
The original account is probably the most balanced out of the three, it’s not too expensive for a veteran trader, but for a beginner, it could be a little pricey. The minimum deposit here is $5000 with all the perks that come with the Essential account and then some.
Unique features include some special trading conditions which could translate into longer deadline opportunities on positions and “discounts” on the spreads. Unfortunately, access to the content library remains limited.
The Signature account is what you’d expect, it’s considered as the “VIP” or the “Pro” account for Capex, and it is priced as such. Traders who want to use the pers of the Signature account will be expected to deposit $25,000 as a minimum, but Capex CFD broker made sure to add benefits to outweigh the costs as much as possible.
Traders get all the benefits listed above for the previous two accounts, alongside a Trading Central, personal meetings with account representatives and unlimited access to the video content library.
Is Capex legit with its withdrawals?
When it comes to moving funds in and out of Capex, traders have multiple options. These are Visa, MasterCard, Maestro, Neteller, Skrill, and direct bank transfers.
Depending on which one you choose you’ll get different waiting times for the payment to process, but the best part is that there are no fees attached whatsoever.