|Bonds, Commodities, Cryptocurrencies, Forex, Indices, Shares, ETFs|
CAPEX TRADING OVERVIEW
Established recently in 2016, Capex is a relatively new broker in the online trading industry. Despite its young age, the brand has been making headway in the competitive industry. In 2018, Capex was nominated as the Fastest Growing Provider by Forex Awards. This was indeed a major achievement for such a young brokerage firm operating in the cutthroat Capex’s trading industry.
Capex strives to ensure that its clients have all the trading resources they need to further their trading objectives. It does this by operating a strict security system to protect its clients’ personal information as well as to prevent the server from being hacked. As for measures which present traders with an optimal trading environment, Capex offers over 2000+ instruments for its traders to choose from. Another major objective for Capex is to provide its traders with price transparency and a competitive trading condition.
BROKER LOCATIONS & CAPEX REGULATION
Capex is a brand that is owned by Key Way Investments Ltd, a Cypriot Investment Firm (CIF). The company head office is located at #2 Sofouli Street, Chanteclair Building, 6th Floor, Office 602, Nicosia, Cyprus. In Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission under the license number 292/16.
In addition to being regulated by Cyprus, Capex is also subject to other major regulatory bodies, such as the KNF (the Polish Financial Oversight Commission), BAFIN (the Federal Financial Supervisory Authority), and CNMV (the National Securities Market Commission). It should be noted that all the above-mentioned bodies follow the same regulatory framework as laid out under the MiFID.
Specific areas which the MiFID seeks to address are transparency and the protection of investors’ interests. Brokers under the MiFID regulatory framework are required to regularly submit audited reports concerning their operations, and to hold at least €730,000 in capital. Traders’ funds must also be kept in segregated accounts that are separate from the broker’s operational funds.
Brokers such as Capex, which are regulated under CySEC, provide additional protection to their clients. This is because they have recourse to compensation fund schemes should the broker ever become insolvent.
CAPEX FINANCIAL INSTRUMENTS
Capex offers 7 different types of asset classes for its clients to trade with. They consist of bonds, currency pairs, commodities, cryptocurrencies, ETFs, indices, and stocks.
The stock CFDs listed above are just some of the popular stocks traded on the Capex’s trading platform. The broker covers all shares of major firms that are listed on major exchanges, which include the NYSE, the London Stock Exchange, and NASDAQ. Even though Capex is a relatively new broker, it has been able to offer its traders a decent range of trading assets to choose from.
CAPEX SPREADS, LEVERAGE, & ACCOUNT CONDITIONS
The spreads offered by Capex are fixed and variable, depending on the type of trading platform utilized by the trader. Fixed spreads are only available for some of the assets traded on the Capex’s WebTrader platform. For fixed spreads, the minimum spread which traders can expect from Capex on the benchmark EUR/USD currency pair is 2 pips.
Due to CySEC regulatory restrictions, the maximum leverage ratio which retail traders can have access to is 1:30. As for assets that are traded on the MetaTrader 5 trading platform, the available spreads are all variable. For trades executed on the MetaTrader 5 trading platform, the variable spreads start from a minimum of 3 pips for the benchmark EUR/USD.
At Capex, you have a choice of 3 types of trading accounts: Capex Essential, Capex Original, and Capex Signature. While the minimum deposit requirement to open a live trading account is just $100 at Capex, the broker recommends that you deposit a minimum of $1000 for the starter account, which is the Capex Essential. For the Capex Original and Capex Signature, the recommended deposit levels are $5000 and $25,000 respectively.
With the Capex Essential account, traders will enjoy the following benefits:
- 3rd-party daily market recommendations
- Access to a demo account
- Free daily market reviews
- Free research
- Limited access to the video library
- Twice-a-week consultation with a dedicated account representative
For the Capex Original account, the benefits include the following:
- All the benefits of the Capex Essential account
- More attractive trading conditions
- Open access to research
- Thrice-a-week consultation with a dedicated account representative
As for the premium Capex Signature account, traders will get additional benefits such as Trading Central access, SMS notification from Trading Central, and personal consultation with a dedicated representative, on top of all the benefits of the Capex Original account.
By signing up for a live trading account at Capex, the account holders will get to trade different asset classes such as currency pairs, bonds, commodities, cryptos, exchange-traded funds, market indices, and equities. In total, there are in excess of 2000 different types of instruments to choose from.
As a regulated entity of CySEC, Capex does not offer any kind of deposit bonuses or promotional offers.
There are 2 different types of trading platforms for traders at Capex to choose from. They consist of the Capex WebTrader and the MetaTrader 5 platform. With the WebTrader, there is no requirement for any software download and installation. Access is via any web browser. The WebTrader comes with a user-friendly navigation interface. It also has an advanced charting package, plus numerous analytical and risk-management tools built into the platform.
The MetaTrader 5 (MT5) trading platform is another powerful platform provided by Capex to its traders. The MT5, unlike the WebTrader, requires you to download and install a desktop client onto your computer. Built on the success of the MT4, the MT5 was developed to fill in the gaps that the MT4 wasn’t able to cover. The MT4 platform was initially meant for spot forex trading, as opposed to Capex. With the MT5, more chart time frames are supported. The MT5 also comes with additional technical indicators and market depth view.
CAPEX MOBILE APPS
For traders who need to be mobile, Capex has also made available mobile apps for both versions of the above-mentioned trading platforms. The mobile apps are provided free of charge and can be downloaded from the Google Play Store and Apple App Store.
CAPEX CUSTOMER SERVICE DEPARTMENT
Live customer support is available from Monday to Friday, from 6:00 AM GMT to 01:00 AM GMT. Traders at Capex can reach out to the support team through email, live chat, web contact form, and telephone. For telephone support,Capex has provided 3 numbers for traders to call. For the benefit of their clients, the broker has made its website available in 8 different languages.
CAPEX EDUCATION & MARKET INFORMATION
For beginner traders, access to educational resources is extremely important if they want to progress in their trading activities. To fill this gap, Capex has provided a fairly in-depth array of training videos for its traders to refer to. At the same time, they are kept updated with all the developments in the market through the daily news feeds.
CAPEX REVIEW VERDICT
- CySEC-regulated broker
- Minimum deposit requirement of $100
- Extensive coverage of the stock markets
- Fixed and variable spreads available
- Intuitive and reliable trading platforms
- No deposit bonuses available
- Spreads are not competitive
Is Capex a scam?
No, Capex is a legitimate broker that is regulated by CySEC.
How does Capex protect your trading capital?
Under CySEC regulations, Capex needs to provide segregated accounts for its operation funds and its traders’ deposits. In addition, the traders’ funds are covered under the Investor Compensation Scheme.
Does Capex provide an ECN account?
No, there is no provision for ECN trading at Capex.