Thinking of getting into business with Capital Markets Trade? Here is what you must know about this broker. Carefully read this review to find out if capital-markets.trade is the trading platform you will want to trade with.
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About Capital Markets Trade Broker
Capital Markets Trade is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from United Kingdom.
There are different account types the broker offers. See below.
In spite the trading instruments Capital Markets Trade claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
capital-markets.trade: Reasons to Avoid This Broker
Firstly, capital-markets.trade is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Financial Conduct Authority does not have this broker amongst its licensed brokers.
Secondly, we noticed capital-markets.trade has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Capital Markets Trade withdrawal takes 5 business days in processing request. The broker notes that it charges fees on any withdrawal.
Minimum Deposit
Capital Markets Trade minimum deposit is pegged as $1000 according to the type.
As for the payment methods, there are no specific payment options. But, you should not consider making any payment with this broker because it is a risk. So beware!
Capital Markets Trade Platform
Capital Markets Trade offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, it can get up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Capital Markets Trade Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Conclusion: Is capital-markets.trade a Reliable Broker?
No, capital-markets.trade does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
