CAPEX is a worldwide broker with offices throughout Europe as well as in South Africa. This broker is regulated by CySEC as well as FSCA, and by numerous organizations in various European countries, providing clients with confidence in the security of their funds.
As part of the rigorous process of researching this CAPEX broker review, our team found sufficient evidence that this is a trusted forex broker with satisfied clients around the globe.
CAPEX offers more than 2,100 instruments spanning from CFDs, forex, indices, ETFs, bonds, commodities, shares, cryptocurrencies, and blends.
Continue reading to learn even more about CAPEX before opening your demo account.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
- More than 2,100 instruments
- Trading available for shares, cryptos, bonds, ETFs, indices, and FX
- Trade via WebTrader or MT5
- Moderately high minimum deposit of $1,000
- No access to MT4
CAPEX has the goal of changing how people invest. Its main mission is to offer resources and expertise to investors so they can access an optimal trading environment.
CAPEX was established in 2016 and has already made a name for itself. It is registered across Europe and regulated by CySEC. The broker also prides itself on offering top trading conditions with transparency and quick execution.
Since its establishment, this CAPEX forex broker review has found that the company has garnered few awards so far. At the Forex Awards 2018, it was the runner-up for the titles of Best Dealing Room and Most Transparent Broker. Given how young CAPEX still is, the lack of awards to date is understandable.
The broker has handled more than 13 million trades from 275,000 accounts with a trading volume of $138 billion.
CAPEX regulation and licensing
CAPEX.com serves European clients. This branch of CAPEX is licensed by the Cyprus Securities and Exchange Commission. There are branches registered with the Autoritatea de Supraveghere Financiara (ASF) and the Comision Nacional del Mercado de Valores (CNMV; the Spanish Securities Market Commission).
CAPEX is also registered with:
- FMA in Austria
- Bulgarian FSC
- HANFA in Croatia
- CNB in the Czech Republic
- DFSA in Denmark
- FSAEE in Estonia
- FIN-FSA in Finland
- AMF/REGAFI in France
- BaFin in Germany
- HCMC in Greece
- MNB in Hungary
- FME in Iceland
- CONSOB in Italy
- CBI in Ireland
- FKTK in Latvia
- LBE in Lithuania
- CSSF in Luxembourg
- FMA in Liechtenstein
- MFSA in Malta
- AFM in the Netherlands
- NFSA in Norway
- KNF in Poland
- CMVM in Portugal
- NBS in the Slovak Republic
- ATVP in Slovenia
- FI in Sweden
- FCA in the UK
In addition to that regulation and licensing, za.CAPEX.com is licensed by the Financial Sector Conduct Authority in South Africa.
This expansive list of authorization, regulation, and registration is a very strong point in this review of CAPEX forex broker. Few competitors list as many individual registrations.
Additionally, CAPEX follows the strictest international regulations. The broker always stores client funds in segregated accounts and remains transparent in its reporting and dealings. You also get negative balance protection on your account which is a great advantage when it comes to forex trading.
Opening an account with CAPEX
It is relatively straightforward to open an account with CAPEX. The minimum deposit is a bit higher than some competitors, but it is still accessible for most traders.
What is the minimum deposit at CAPEX?
The minimum deposit at CAPEX depends on your chosen account type. Essential accounts have a minimum deposit of $1,000, which increases to $5,000 for Original accounts and $25,000 for Signature accounts.
How to open an account at CAPEX
Registering with CAPEX and opening an account only requires a few minutes and three simple steps, all of which you can complete online.
This CAPEX broker review can confirm that you will need to complete the following steps to open an account:
Step 1. Click on Register on the top right corner of the CAPEX website.
Step 2. Enter your email address, chosen password, phone number, desired account currency, and any promotional code on the registration form.
Step 3. Confirm you are over 18 and accept the terms and conditions by making a check in the appropriate box and click Create Account.
Step 4. Complete the Appropriateness Test, which CAPEX uses to evaluate your trading knowledge and determine your access to CFD trading.
Step 5. Submit the required documentation to verify your account.
Step 6. Begin trading.
As part of the registration process with CAPEX, you will need to submit certain information and documents, which fall into the following categories:
- Personal information: Expect to submit your name, email address, phone number, identification number, and address.
- Regulatory information: The required regulatory information mostly includes the above personal information and the documentation below. The Appropriateness Test of your CFD trading knowledge is also part of this required information.
- Documentation: You will need to submit proof of identity such as a national ID or passport. You will also need proof of residence in the form of a utility bill, landline phone bill, or credit card or bank statement with your full address and full name. This document cannot be older than six months.
With three account types to choose from, this CAPEX review 2020 identifies an account option for all investor profiles.
The Essential account requires a minimum deposit of $1,000. This account type provides full access to both platforms, full support, a demo account option, daily market reviews, financial research, third-party daily analyst recommendations, limited access to the video library, and a dedicated account representative two days each week.
The Original account requires a $5,000 minimum deposit and upgrades your dedicated account representative to three days a week. This type of account also adds special trading conditions for lower trading costs and open access to research.
The Signature account requires a minimum deposit of $25,000 and provides the dedicated account representative on every weekday. It also adds complimentary access to Trading Central, including SMS notifications. This account type additionally includes one-on-one meetings with an account representative.
As mentioned, any type of account with CAPEX provides access to a demo account. Our CAPEX broker review experts strongly suggest that you start with a demo account to ensure you understand CFD and forex trading.
Islamic accounts are also available for Muslim clients. To convert your regular trading accounts to Swap-free accounts you will need to provide proof of such requirements to CAPEX’s staff. Upon the approval of a request for an Islamic account, all trading accounts associated with your profile will be converted by the Back-Office.
CAPEX trading costs
Instead of charging commissions, CAPEX earns funds based on the spread.
Trading Fees* Type of Fee Cost Minimum Order Size (lots per trade) .01 Average Spread USDEUR (pips) 1.8 Commission (%) N/A Commission on Islamic Accounts (%) N/A Non-Trading Fees Type of Fee Yes or No Inactivity Fees Yes Deposit Fees No Withdrawal Fees No
*Based on Standard account type.
As mentioned earlier in this CAPEX forex broker review, you will only pay spreads for your trades, no commissions or additional fees. This makes calculations easier for many traders.
For transparency, CAPEX lists its Trading Conditions clearly for every asset they offer. You will find information such as the minimum spread, the maximum leverage, the lot size, the rollover rate, and trading hours.
The spreads at CAPEX are about average, with the EUR/USD spread fixed as low as 1.8.
The only potential fee associated with trading is on the WebTrader when your traded instrument has a different currency from your account’s base currency. In this case, there will be a fixed conversion fee of 0.5 percent.
To view the financing and overnight rates these can alter depending on market conditions. However, as an example, the overnight rollover rate for EUR/USD is listed as -0.0160 percent for long trades and -.0068 percent for short trades.
CAPEX does not charge any deposit fees. However, you will have to pay a conversion fee if your deposit is in a currency different than your account’s base currency. Additionally, your payment provider, such as the bank, may charge you a fee.
As with deposits, CAPEX does not charge withdrawal fees. Your payment provider may charge you a fee and you may have to pay a conversion fee.
CAPEX charges inactivity fees for accounts that are inactive for at least three months. The account is considered inactive if there are no orders placed. The fee is $30, applied monthly. It will not be charged if charging the fee would bring your account into the negative, but CAPEX reserves the right to charge that fee later in that case.
Keep in mind that if your CAPEX account is inactive for at least a year, the broker has the right to contact you and close the account before returning the remaining balance to you via the deposit method.
CAPEX payment methods
This CAPEX review 2020 appreciates the range of methods available to make a deposit. You can pay with a credit or debit card or use a wire transfer. Deposits and withdrawals are also available via Neteller.
Debit and credit card deposits are authorized by the Central Bank of Cyprus while wire transfers can be authorized by the Central Bank of Cyprus, National Bank of Romania, National Bank of Slovakia, or Federal Financial Supervisory Authority (BaFin) from Germany. Payments via Neteller are authorized by the Isle of Man Financial Services.
Wire transfers can take five to seven business days to process, while credit and debit cards are deposited much more quickly, although CAPEX does not specify the time frame.
Withdrawal requests are always processed within a business day.
As mentioned, you will not have to pay any deposit or withdrawal fees with CAPEX, other than those that your issuing bank or credit card charges. There may be a conversion fee as well.
CAPEX trading bonuses
CAPEX does not offer a classic bonus to clients, this comes as part of being a regulated broker. CySEC does not allow brokers to offer bonuses.
However, CAPEX does offer an affiliate program that you can use to supplement your trading income. If you bring visitors and clients to the broker you get paid. The affiliate program includes a 24/7 dedicated account manager, monthly payments, live tracking, marketing materials, and a customizable commission plan. Affiliates also get to use high-tech platforms and third-party tools to maximize their commissions.
CAPEX trading platforms
In terms of trading platforms, there are two choices at CAPEX. Choose from the CAPEX proprietary WebTrader or the popular MetaTrader 5. Interestingly, only MetaTrader 5 is available, not MT4. This should not be a problem for most traders, thanks to the features available between WebTrader and MT5.
WebTrader is fully customizable and available for Mac or Windows computers as well as iOS or Android mobile devices. WebTrader has all the features you need, including advanced charts, customizable layouts, Trading Central, risk management tools, advanced analysis tools, key statistics, and a user-friendly interface. You can also use as many as 10 charts simultaneously and access financial news and markets around the world. The chart types and the time frames are customizable to meet your preferences.
MetaTrader 5 is available for desktop or mobile devices as well. It features 30 built-in indicators, 2,000 free custom indicators, nine time frames, customizable tools, Instant Execution, intuitive navigation and easy-access control panels, a watch list, and multi-window views. For further confidence in MT5, consider that it is regularly honored as one of the best forex trading platforms in the industry.
What is the execution policy at CAPEX?
For transparency, CAPEX outlines its Best Execution Policy. Instead of making you read the boring legal document, this review of the CAPEX forex broker can summarize it as the broker outlining its dedication to taking reasonable steps to get the best possible results for you as a client. To determine the best possible results, CAPEX evaluates the costs, price, speed, likelihood of settlement and execution, market impact, and size.
CAPEX markets and products
Trading on CAPEX provides access to forex, indices, bonds, ETFs, commodities, shares, blends, and cryptocurrencies, most of which are offered as CFDs.
CAPEX Markets and Products Instrument Number Currency Pairs 54+ Indices 26 Cryptocurrencies 6 Stocks 2,000+ ETFs 10+ Bonds 4+ Commodities 10+ Blends 5+
As you review CAPEX currency pairs, you will notice dozens of majors, minors, and exotics. You can view relevant information for these instruments on the Trading Conditions page, including the sell, buy, change, day range, and a 6-hour trend line. Clicking on the instrument provides even more information, including the initial and maintenance margins and trader trends.
Trading on CAPEX provides you with access to 26 major indices from across the United States, Asia, and Europe. As with currency pairs, you can view an overview of the relevant information on the Indices page or click on an instrument for more information. This type of information is available for all other instrument categories as well.
Trading cryptocurrencies with CAPEX allows you to profit from these digital currencies without owning the underlying asset. By trading them via CFDs, you get a high level of liquidity and the ability to go short or long.
The majority of instruments available from CAPEX are shares, as the broker offers shares from more than 20 markets, including Sydney, Frankfurt, London, and New York. As expected, trading stocks on CAPEX comes in the form of trading share CFDs, allowing you to go long or short.
The Exchange Traded Funds on CAPEX let you track groups of assets, with multiple choices available from CAPEX.
Trading bonds on CAPEX features tight spreads and includes government, municipal, and corporate bonds. CAPEX suggests following interest rates, inflation, and GDP releases when trading bonds.
CAPEX lets you trade commodities from around the world, including cotton, natural gas, gold, and oil. Our CAPEX review 2020 encourages you to watch global events and the USD, CAD, and AUD if you trade commodities.
Blends allow you to trade a basket of shares in the form of CFDs. They include E-Commerce, Cannabis Blend, Fashion Blend, Icahn Blend, and Guru Buffett Blend.
CAPEX does not specialize in social trading or copytrading, although you may automate trades through the MetaTrader platform. The broker does offer some excellent tools by way of bloggers sentiment and Insiders Hot Stocks. Both worth checking out.
This CAPEX broker review advises caution when using the website through mobile as some of the broker’s website gets cut off when viewed on these devices. However, all of the important information will still appear. Once you open an account you are unlikely to visit the CAPEX website much from your mobile device, as you are more likely to start using the platforms’ apps anyway.
The CAPEX WebTrader is optimized for mobile devices and works well on both iOS and Android, offering the full functionality that you would get on a desktop device. MetaTrader 5’s application is similarly inclusive of all the features you need, want, and expect.
This CAPEX forex broker review finds that you should be able to conduct most of your research via the broker itself.
The Market News section includes live charts, the latest financial data, and more. You will find trading ideas, educational articles, analytical articles, and input from expert analysts.
The best tools from CAPEX come via the broker’s integration of and support for third-party market analytics. There is full integration for Bloggers Opinions, Insiders’ Hot Stocks, Daily Analyst Ratings, and Hedge Funds Activity.
Clients of CAPEX can also access Trading Central, with its senior analyst insights, quantitative technology, patented pattern recognition, technical analysis, trend lines, pivot points, and alternative scenarios to help with risk management.
CAPEX also provides a convenient list of CFD expiration dates.
Education and training
Beginners will want to review CAPEX’s educational materials to learn about trading forex and CFDs and to help hone their skills.
Once you create your CAPEX account, you will have access to a full set of in-platform trading lessons. These are part of the Capex Academy and take you through various information and strategies step-by-step. The instruction mainly comes via videos, with some additional sources available.
Without logging into CAPEX, you can also view a financial dictionary, which should provide you with the basic vocabulary needed to understand trading with the broker.
CAPEX customer support
This CAPEX broker review appreciates that you can contact customer support via multiple methods. There is a form that you can fill out to leave a message for the broker’s customer support team.
Additionally, you can email CAPEX at [email protected] There are also separate numbers for customer support, the dealing desk, and fax for the Cyprus Head Office, the Romania Branch, and the Spain branch. Alternatively, you can visit any of those branches in person.
CAPEX – Our verdict
After the detailed research that we have conducted in this review of CAPEX forex broker, we can confidently recommend this broker to traders of a range of skill levels and investor profiles. Beginners will find the educational materials they need on the forex site while advanced traders will appreciate the additional trading tools available via MetaTrader 5.
Beginners and experts alike will appreciate the free demo trading to practice strategies and hone skills, and all traders will also find peace of mind from the regulation that CAPEX online broker has across Europe and in South Africa.
Now that you have learned everything you need to know in this CAPEX broker review, it is time to register with CAPEX to start taking advantage of access to more than 2,100 instruments.