CapitalGMAFX (CapitalGMAFX.com) is a Forex brokerage located in Bulgaria and allegedly owned by Equalizer LTD. In the review below, we take an in-depth look at the feat CapitalGMAFX allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made by CapitalGMAFX.com to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
CapitalGMA Trading Platform
Claims that they aim to help clients make the most out of online trading, access liquidity, and manage risk effectively.
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CapitalGMAFX.com looks like a legit broker from just looking at the design of their website, it looks professional and well-designed.
Capital GMA claims to offer 70 financial assets as CFDs to traders from almost all around the globe. Although they say they offer 70 financial different forex instruments, they neither support the MT4 or MT5 trading platform.
The site gives the reasons as advantages of trading with them:
- World-Class Support
- Innovative Trading Technology
- Safety and Security
- Live Data Feed
- 24/6 Customer Service
- Customized Analysis Tools
- Selection of Trading Accounts
- Advanced Charts and Graphs
- Personal Account Managers
- Simple Account Management
- Quick Deposits and Withdrawals
CapitalGMA Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types
CapitalGMA Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The brokerage support, Visa and MasterCard, Skrill however, e-wallets such as Neteller are not available.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is CapitalGMA Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker claims to be owned by Equalizer LTD, and is located at 8009 Burgas City, Burgas Region; Burgas Municipality Transportna Str., No. 15, Floor 2, Apt. Office 1. Bulgaria.
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search, we didn’t find any licensing information concerning this broker.
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Accounts
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with CapitalGMAFX.com as they lie about being a regulated broker. And also because of their shady method for handling transactions.
CapitalGMAFX.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
