- Capitalix is best known for its outstanding and best-in-class trading services, top-rated customer support, and enhanced security.
- It operates several offices around the world with headquarters in Seychelles and Cyprus.
What is Capitalix?
Capitalix is an online multi-asset brokerage platform operated by 4Square SY Ltd, a Seychelles-based company regulated by the Financial Services Authority (FSA). It is best known for its outstanding and best-in-class trading services, top-rated customer support, and enhanced security.
The platform, which recently won the award for fastest growing forex broker from Global Brands Magazine, offers contract-for-difference (CFD) trading on over 150 underlying assets, including forex, cryptocurrencies, commodities, precious metals, stocks, and indices.
In addition to being well-regulated, Capitalix operates several offices around the world with headquarters in Seychelles and Cyprus. According to the company, its ultimate aim is to bridge the gap between traders and the capital market by providing a top-notch trading experience with advanced tools.
Features of Capitalix
The Capitalix platform which can be accessed via the website Capitalix.com or through its Android or iOS mobile applications has several industry-leading features that make it easy to use and intuitive for users. These include:
It offers users Market Indicators that lets users analyze how a stock price is likely to change. This feature also provides useful cues about whether or not a transaction is a good investment or not.
Capitalix also has an Economic Calendar feature which is highly sought after by experienced traders. Economic calendars allow traders to study patterns that might immediately impact the value of a wide range of financial instruments and is useful for developing a trading strategy by concentrating market volatility around economic occurrences.
The regulated brokerage offers a 10:1 leverage rate on crypto and a spread of $40. Forex trading pairs on the platform come with leverage rates of up to 200:1.
Capitalix claims to not charge any fees for deposits, trading, or withdrawals. The only cost charged by the platform are fees charged by the payment service provider or banks to which withdrawals are made.
Other highly positive Capitalix features include a dedicated knowledge center, live personalized round-the-clock customer support in multiple languages, market sentiment indicators, and commission-free trading.
How to use Capitalix
Signing up to Capitalix
Creating a Capitalix account is as simple as creating an account on any other online platform. Click “Open Virtual Account”—to create a demo account— or “Open Account”—to create a live trading account—on the homepage of the platform.
The next step to take when creating a live trading account is to provide proof of your residence and identity in accordance with the know-your-customer (KYC) rules of regulators. This requires providing a copy of your passport or ID card, as well as a utility bill or credit card statement.
Choosing a Capitalix Account Type
Once the sign-up steps are completed, users can proceed to make a deposit and trade under any of the five Capitalix account types including Basic, Silver, Gold, Platinum, and VIP which come with various perks.
The Basic account which is best suited to traders with little or no trading knowledge offers maximum leverage of 1:200, a tight spread starting from 3 pips, up to 20% sign-up bonus, and 24/5 customer support.
Silver, Gold, Platinum, and VIP accounts are intended to cater to more experienced traders and offer from 40% to 100% sign up bonus, spreads ranging from 2.4 to 0.3 pips, dedicated account managers, all major and minor forex pairs, as well as access to webinars.
Capitalix Payment Methods for Deposits and Withdrawals
Capitalix supports several payment methods for deposits and withdrawals. You can deposit through bank transfer, credit cards, or even wire transfer from payment processors including MasterCard, Visa, Maestro, Swift, and SEPA.
Trading CFDs on Capitalix
Placing a trade order with your funded or demo account is also straightforward. Once signed up, you can search or select the desired investment instrument and place either a buy or sell order.
Pros and cons of Capitalix
Capitalix has several competitive advantages as well as downsides. These include:
Pros of Capitalix
- Access to over 150 assets: Capitalix offers trading of multiple over 150 assets including over 10 indices (among which are FTSE, CAC, NK, S&P 500), and over 25 cryptocurrencies.
- Safety of data and privacy: Capitalix prioritizes the safety and data of users hence its strict compliance with regulatory guidelines.
- Suitable for all kinds of traders: Capitalix’s intuitive user interface on both its web platform and mobile applications are easy to use for novices and veteran CFD traders alike.
- Available on trading services: Capitalix can be accessed from third-party trading services such as WebTrader and MetaTrader 4 (MT4)
Cons of Capitalix
- Restricted in the U.S.: U.S. based customers might need to find an alternative, as Capitalix does not serve U.S. customers due to SEC regulations.
- MetaTrader 5 not supported: Capitalix does not support the more advanced MetaTrader 5 (MT5) trading service.
Capitalix, with its strict regulatory compliance and a broad range of assets, offers a more attractive option for investors looking to securely diversify their portfolios. The platform is also user-friendly and can easily cater to the needs of newbies and professional traders alike; offers mouth-watering sign up perks; and
However, investors should not forget that CFD trading is highly risky and is a complex instrument. CFD trading is fast-moving and requires close monitoring. CFD trading also has the potential pitfall of traders having to pay the spread on entries and exits thereby eliminating the potential profits from small price moves or increasing losses by a small amount.
Retail and institutional traders have been recorded to incur major losses from CFD trading. Back in 2021, Bloomberg reported that CFD trading hastened the demise of a bank in Ireland leading to the Central Bank of Ireland proposing new legislation to protect retail investors from the instrument.