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CAPITAL FOREX PRO Review

 

 

Overall Rating

4.7/5

Rated #353 of
Recommended FX Brokers

💰Minimum Deposit

🌐 Regulators

FCA

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Finding a reputable CAPITAL FOREX PRO review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review regarding CAPITAL FOREX PRO to help you make an informed decision before opening your account or trading on their platform.

CAPITAL FOREX PRO is a forex broker company in the United Kingdom.

A Forex broker like CAPITAL FOREX PRO provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.

Forex broker services can also be provided for institutional clients and large companies such as investment banks.

CAPITAL FOREX PRO is a market maker type brokerage, an institution that typically helps to ensure there’s enough liquidity in the markets, meaning enough volume of trading so trades can be done seamlessly. If they were not there, investors who want to sell securities would be unable to unwind their positions due to a lack of buyers in the market.

Market makers help keep the market functioning, so if traders want to sell a bond, they are there to buy it. Similarly, if you want to buy a stock, they’re there to have that stock available to sell to you.

Market makers essentially act as wholesalers by buying and selling securities to satisfy the market—the prices they set reflect market supply and demand.

CAPITAL FOREX PRO has since been merged into the London Capital Group, which is better known as LCGFX.

LCGFX has been registered in England and Wales under registration number 05497744, where it is regulated and authorized by the United Kingdom Financial Conduct Authority (FCA) under registration number 182110.

London Capital Group is also listed on the London Stock Exchange under registration number 3218125.

CAPITAL FOREX PRO provides competitive pricing with tight spreads and commission on a user-friendly and convenient trading platform that gives access to various tradable assets like indices, Forex currency pairs, commodities, and stocks from major and minor markets.

CAPITAL FOREX PRO provides support by a team of trustworthy professionals in technological and financial fields and duly assists clients with the needed market analyses and educational materials.

Clients’ funds are stored in separate bank accounts from the company’s own bank accounts for added security.

CAPITAL FOREX PRO offers attractive programs and promotions for introducer brokers and traders who can apply Expert Advisors and technical analysis tools to boost successful trades.

 

Awards and Recognition

In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation.

Although CAPITAL FOREX PRO is rated highly by some customers in personal reviews on review websites, there is no information available on the CAPITAL FOREX PRO homepage or elsewhere about any awards received.

 

CAPITAL FOREX PRO Accounts

A forex account is a trading account held by a trader with a company like CAPITAL FOREX PRO, that is issued with the primary purpose of trading through its platforms. Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.

Types of Accounts and Their Features

CAPITAL FOREX PRO offers the following account types:

 

Individual Accounts

When opening an account, a trader will receive the trading platforms of his choice and the relevant back-office software from CAPITAL FOREX PRO that provides them with straight-through processing with real-time position keeping statements, unrealized and realized profit and loss, real-time marketing, and positioning.

Upon opening an account, a client also receives a personal account manager which will provide the client direct contact with CAPITAL FOREX PRO and allow the company experts to timely respond to the individual’s needs or questions in an efficient manner.

 

Corporate Accounts

An entity or corporate trading account is a dedicated account type that belongs to a legal entity such as a corporation or limited partnership. The advantages of entity trading accounts over individual trading accounts include tax deductions and certainty in tax law.

 

 

Overall Rating

4.7/5

Rated #353 of
Recommended FX Brokers

💰Minimum Deposit

🌐 Regulators

FCA

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Deposits and Withdrawals

In the case of CAPITAL FOREX PRO, a minimum deposit amount of $1 000 is required to open any type of account.

Several payment methods can be used to fund accounts or make withdrawals. They include Wire or bank transfers and credit or debit cards.

 

Cost and Fees, Commissions and Spreads

The cost of trading depends on different factors like commissions, spreads, and margins.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.

While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, its trading on shares will incur commission. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

CAPITAL FOREX PRO accounts may incur any of the following kinds of costs:

CAPITAL FOREX PRO provides competitive pricing with tight spreads and commission

CAPITAL FOREX PRO however charges no deposit fees, no withdrawal fees, or Forex commission.

Traders should always be cautious about any inactivity fees that may kick in when an account lies idle for long periods. It is wise to ascertain oneself this possibility when opening an account.

 

Leverage

Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.

The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.

CAPITAL FOREX PRO allows its traders to use a maximum leverage ratio of up to 1:100.

 

Bonuses

Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader, once the person has proved himself as an active trader.

Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs which prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit about the marketing, distribution, or sale of a CFD, thus ruling out the offering of such bonuses.

According to the company website and other sources, CAPITAL FOREX PRO does not seem to offer regular bonuses or promotions.

 

Trading Platforms, Software, and its Features

The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

Some companies provide their own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade.

CAPITAL FOREX PRO offers the following trading platforms to its customers:

 

MetaTrader 4 (MT4)

This popular trading platform has advanced and convenient tools with a graphical layout and gives traders access to a wide range of products across diverse markets.

It is the choice of traders worldwide because it offers competitive research and training tools, advanced customizable charting, automated trading, trading signals, Expert Advisor plugins, and live newsfeeds. You can trade in many different languages and multi-account manager (MAM) accounts are usually available too.

 

MT4 Mobile

CAPITAL FOREX PRO has developed a mobile version of their MT4 platform for iOS and Android operating system smartphones. These enable traders to trade and manage their accounts wherever they may be in the world.

 

Markets, Products, and Instruments

Most brokers offer all or some of the following market instruments for trading:

 

Forex:

Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

 

Commodities:

As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

 

Indices:

Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.

 

Precious metals:

This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.

 

Energy:

The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.

 

Cryptocurrencies:

Tradable cryptocurrencies include the following:

Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Bitcoin Cash (BCH) was created as a new version of the blockchain with different rules.

CAPITAL FOREX PRO offers the following of the above: Forex, indices, commodities, and stocks.

 

 

Safety and Regulation

Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like CAPITAL FOREX PRO is safe and secure to trade with. One of the most reliable benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.

CAPITAL FOREX PRO has been merged to London Capital Group or LCGFX. LCGFX is in turn owned and operated by the London Capital Group plc, which is registered in England and Wales and as such regulated and authorized by the reputable United Kingdom Financial Conduct Authority (FCA).

London Capital Group is also a member of the London Stock Exchange.

 

Customer Support

Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it.

The customer support team of CAPITAL FOREX PRO can be reached via a call back function from the website, by email, or a phone call.  Support is unfortunately only given in English.

Upon opening an account, a client receives a personal account manager which will provide the client direct access to CAPITAL FOREX PRO and allow the company experts to respond to the individual’s needs or questions in an efficient and timely manner.

 

Education and Training

Before starting to trade, potential CAPITAL FOREX PRO clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If CAPITAL FOREX PRO’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.

CAPITAL FOREX PRO does offer very basic education in the form of FAQs and analysis of market conditions. New traders may however open a demo account to practice their newly acquired skills first before risking their own money.

 

Research

Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage. Trading successfully relies heavily on knowledge and understanding of the markets and the platforms offered by a broker, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.

CAPITAL FOREX PRO offers research options via the MetaTrader platform.

 

Conclusion

CAPITAL FOREX PRO is a division of the London Capital Group, a rapidly growing and dynamic financial services company launched in the mid-1990s. CAPITAL FOREX PRO describes itself as a second-tier prime broker providing financial services, hedge funds, and access to the Forex market for professional traders.

Disclaimer

CAPITAL FOREX PRO warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.

Before clients decide to trade the products offered by CAPITAL FOREX PRO, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.

Especially when traders use CAPITAL FOREX PRO’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.

While CAPITAL FOREX PRO promises to make all efforts to fill a trade at the requested price, trading on-line does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

 

CAPITAL FOREX PRO at a Glance

Broker’s name CAPITAL FOREX PRO
Headquarters London, United Kingdom
Year founded 2005
Regulating authorities Financial Conduct Authority (FCA)
Countries not accepted for trade United States
Demo account Yes
Islamic account (swap-free) No
Institutional accounts Yes
Managed accounts No
Maximum leverage 1:100
Minimum deposit $1 000
Deposit options Wire Transfer and Credit cards
Withdrawal options Wire Transfer and Credit cards
Platform(s) provided MetaTrader 4, MT4 Mobile
OS compatibility Desktop, iOS, and Android for smartphones
Tradable assets offered Forex, indices, commodities, and stocks.
Languages supported on the website English
Customer support languages English
Customer service hours Office hours

 

Overall Rating

4.7/5

Rated #353 of
Recommended FX Brokers

💰Minimum Deposit

🌐 Regulators

FCA

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with CAPITAL FOREX PRO?

You can trade several different instruments with CAPITAL FOREX PRO, which include the following:

  • Forex,
  • Indices
  • Commodities
  • Stocks

 

Which platforms are supported by CAPITAL FOREX PRO?

CAPITAL FOREX PRO provides the following popular trading platforms:

  • MetaTrader 4
  • MT4 Mobile

 

Does CAPITAL FOREX PRO offer leverage?

Yes, CAPITAL FOREX PRO offers maximum leverage of up to 1: 100.

 

What spreads can I expect with CAPITAL FOREX PRO?

CAPITAL FOREX PRO offers different spreads on its various accounts.

If details on the website are not comprehensive, more information can be obtained from the customer support service.

 

Does CAPITAL FOREX PRO charge commission?

No, more information on commissions can be obtained from the customer support service.

 

Is CAPITAL FOREX PRO regulated and by whom?

CAPITAL FOREX PRO is regulated by the Financial Conduct Authority (FCA).

 

Is CAPITAL FOREX PRO a recommended forex trading broker for experts and beginners?

CAPITAL FOREX PRO offers a better trading environment for experienced traders.

 

What is the overall rating out of 10 for CAPITAL FOREX PRO?

6/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like CAPITAL FOREX PRO is usually funded with virtual money and allows a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customers own real money.

 

Does CAPITAL FOREX PRO offer a demo account?

Yes

 

Can I convert my demo account to a live trading account with CAPITAL FOREX PRO?

This is not clear from the information on the company homepage.

 

Which live trading accounts does CAPITAL FOREX PRO offer?

  • Individual Accounts
  • Corporate Accounts

 

What are the available deposit currencies for a live trading account?

USD and more

 

Deposits and Withdrawals

 

What is the minimum deposit required to open an account with CAPITAL FOREX PRO?

$ 1 000

 

How do you make a deposit and withdraw money with CAPITAL FOREX PRO?

CAPITAL FOREX PRO offers the following deposit and withdrawal methods:

  • Wire Transfer
  • Credit cards

 

The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.

 

Does CAPITAL FOREX PRO charge withdrawal fees?

No, but fees from financial institutions may be applicable.

 

How long does it take to make a withdrawal?

Withdrawals using certain methods may be processed within a shorter period than others. Usually, withdrawals take a few days but depending on bank services it may take several days longer for the money to be available in a customer’s bank account.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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