CapproFx Review

Category: Reviews | Author: Trading Brokers | Date: October 7, 2023

CapproFx is making waves in the world of forex brokerage, offering a wide range of trading options, multiple platforms, advanced tools, and various account types to suit their clients’ diverse needs. But, can they walk the talk? In this article, we’ll dive deep into CapproFx, examining their reliability and trustworthiness. Our goal is to deliver an unbiased assessment of CapproFx based on rigorous research and thorough analysis.

Pros & Cons

  • Access to advanced MetaTrader platforms
  • Educational materials for traders
  • Low spreads and no commissions for Pro Trader account
  • High leverage up to 1:1000 for Pro Trader accounts
  • Diverse payment options, including cryptocurrencies
  • Comprehensive trading tools and resources
  • Limited customer support options
  • Limited selection of share CFDs
  • Lack of regulation and transparency
  • High minimum deposit for ECN Trader account

Summary

CapproFx Review

CapproFx is a forex broker providing a wide range of services to traders worldwide. Operated by Cappro Capital LTD and registered in England and Wales, CapproFx extends its offerings to clients in numerous countries, with the exception of the United States and certain restricted regions. However, CapproFX is not regulated by any respected world authorities. The lack of regulation has raised concerns in the trading community, including allegations of fake regulation designed to deceive unsuspecting traders. Despite this, CapproFX claims to be committed to ethical regulation and has developed its own code of conduct to give traders peace of mind.

One of the standout features of CapproFx is its provision of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, renowned for their advanced capabilities. Traders can access over 100 trading instruments across various asset classes, including forex, indices, commodities, and share CFDs. These platforms offer a suite of tools, including automated trading, charting features, indicators, and expert advisors. Additionally, CapproFx offers a mobile trading app for on-the-go trading convenience.

To enhance the trading experience, CapproFx equips its clients with a range of tools such as free forex VPS service, forex calculators, forex signals, copy trading, and forex market news. These tools empower traders to optimize their strategies, receive expert insights, and stay informed about market developments.

CapproFx caters to traders of different levels by offering two account types: Pro Trader and ECN Trader. The Pro Trader account suits beginners and small traders with low spreads and no commissions, requiring a minimum deposit of 10 USD and offering high leverage up to 1:1000. In contrast, the ECN Trader account targets experienced professionals with tight spreads and low commissions, featuring a minimum deposit of 500 USD and leverage up to 1:200. Both account types offer valuable features like swap-free accounts, rapid execution, scalping, expert advisors, and hedging capabilities.

For depositing and withdrawing funds, CapproFx supports various payment methods and notably, CapproFx does not impose fees for deposits or withdrawals, although certain payment providers may charge their own fees. Processing times vary based on the chosen payment method, with deposits being mostly instant or taking a few hours, while withdrawals may require up to 24 hours or longer.

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Regulations

Regulation is an essential aspect of the forex trading industry, as it helps to protect traders from fraudulent activities and ensures that brokers operate in an ethical and transparent manner. However, CapproFX is not regulated by any respected world authorities. The lack of regulation has raised concerns in the trading community, including allegations of fake regulation designed to deceive unsuspecting traders. Despite this, CapproFX claims to be committed to ethical regulation and has developed its own code of conduct to give traders peace of mind. The company also offers protection for traders through the Financial Services Compensation Scheme (FSCS), which covers up to £50,000 of financial losses (not trading losses) should the company default. However, traders should be aware of the risks associated with trading with an unregulated broker and consider alternative options with good regulations and excellent conditions. Your financial safety and privacy should always be a top priority, so it’s wise to avoid unnecessary risks. Please see a list of regulated brokers for some alternative options.

Platforms and Tools

MT4 & MT5 Platforms

MT4 & MT5 Platforms

CapproFx offers its clients the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are among the most popular and advanced trading platforms in the industry. These platforms provide traders with access to a wide range of trading instruments, such as forex, indices, commodities, and share CFDs, as well as various features, such as automated trading, charting tools, indicators, and expert advisors. CapproFx also provides a mobile trading app for both Android and iOS devices, which allows traders to access their accounts and trade on the go.

CapproFx also offers its clients a number of tools to enhance their trading experience and performance. Some of the tools that CapproFx offers are:

  • Free Forex VPS service: This tool enables traders to run their automated strategies without interruption or latency issues.
  • Forex calculator: This tool helps traders calculate various parameters, such as margin, pip value, swap, and commission.
  • Forex signals: This tool provides traders with daily trading signals and analysis from professional traders.
  • Forex copy trade: This tool allows traders to copy the trades of successful traders and earn profits from their strategies.
  • Forex market news: This tool provides traders with the latest news and events that may affect the market movements.

Education

CapproFx provides its clients with various educational resources to help them learn and improve their forex trading skills. These resources include:

  • Forex e-course: This is a comprehensive online course that covers the basics of forex trading, such as how the market works, how to choose a broker, how to analyze the market, and how to develop a trading strategy. The course consists of several modules, each with a video lesson, a quiz, and a summary. The course is suitable for both beginners and intermediate traders who want to refresh their knowledge and gain new insights.
  • Forex economic calendar: This is a useful tool that shows the upcoming events and news that may affect the market movements. The calendar displays the date, time, currency, impact, event, actual, forecast, and previous data of each event. The calendar also allows traders to filter the events by country, category, and importance. The calendar helps traders to plan their trades ahead and avoid unexpected volatility.
  • Forex tips and forecasts: These are daily trading signals and analysis from professional traders who share their views and recommendations on the market trends and opportunities. The tips and forecasts cover various trading instruments, such as forex, indices, commodities, and share CFDs. The tips and forecasts also provide traders with entry, stop-loss, and take-profit levels for each trade. The tips and forecasts are designed to help traders make informed decisions and increase their profitability.

Markets

CapproFx offers its clients access to over 100+ trading instruments across different asset classes, such as forex, indices, commodities, and share CFDs. Some of the popular instruments that CapproFx offers are:

  • Forex: CapproFx offers 67 currency pairs, including major, minor, and exotic pairs, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USDCAD, EUR/GBP, EUR/JPY, and more. Forex trading is the exchange of one currency for another at a predetermined price. Forex trading is one of the most liquid and volatile markets in the world, with daily turnover exceeding $6 trillion.
  • Indices: CapproFx offers 15 global indices, such as Dow Jones, S&P 500, Nasdaq 100, FTSE 100, DAX 30, CAC 40, Nikkei 225, and more. Indices trading is the trading of a group of stocks that represent a specific market or sector. Indices trading allows traders to diversify their portfolios and benefit from the overall performance of a market or sector.
  • Commodities: CapproFx offers 11 commodities, such as gold, silver, oil, natural gas, copper, coffee, sugar, wheat, corn, soybean, and cocoa. Commodities trading is the trading of raw materials that are essential for the production and consumption of goods and services. Commodities trading allows traders to hedge against inflation and geopolitical risks.
  • Share CFDs: CapproFx offers 10 share CFDs (contract for difference), such as Apple, Google, Facebook, Amazon, Netflix, Tesla, Microsoft, Alibaba, Coca-Cola, and McDonald’s. Share CFDs trading is the trading of contracts that allow traders to speculate on the price movements of underlying shares without owning them. Share CFDs trading allows traders to access global markets and leverage their positions.

Account

CapproFx offers two types of accounts for its clients: Pro Trader and ECN Trader. The Pro Trader account is suitable for beginners and small traders who want to trade with low spreads and no commissions. The ECN Trader account is designed for experienced and professional traders who want to trade with tight spreads and low commissions. Let’s have a more in-depth analysis of the main features of the Pro Trader and ECN Trader.

  • Pro Trader Account: This account is suitable for beginners and small traders who want to trade with low spreads and no commissions. The minimum deposit for this account is 10 USD, and the order volume ranges from 0.01 lot to 10 lots, with a step of 0.01. The leverage for this account is up to 1:1000, and the spreads are floating, starting at 1 pips. The precision for this account is 5 digits, and the trading tools include 67 currency pairs and gold and silver. The deposit currency can be either USD or Euro, and the deposit options include bank wire, Visa/MasterCard, UnionPay, local banks, Neteller, and MoneyBookers. The swap-free accounts are allowed for Islamic traders, and the execution is instant or market execution from under 0.1 seconds. The margin call and stop out levels are set at 25% and 20%, respectively. The scalping, expert advisors, and hedging features are also available for this account.
  • ECN Trader Account: This account is designed for experienced and professional traders who want to trade with tight spreads and low commissions. The minimum deposit for this account is 500 USD, and the order volume ranges from 0.01 lot to unlimited, with a step of 0.1. The leverage for this account is up to 1:200, and the spreads are floating, starting at 0.6 pips. The precision for this account is 5 digits, and the trading tools include 57 currency pairs, gold, silver, oil, and CFDs. The deposit currency can be either USD or Euro, and the deposit options include bank wire, Visa/MasterCard, UnionPay, local banks, Neteller, and MoneyBookers. The swap-free accounts are allowed for Islamic traders, and the execution is instant or market execution from under 0.1 second. The margin call and stop out levels are set at 25% and 20%, respectively. The scalping, expert advisors, and hedging features are also available for this account.

Funding

CapproFx offers its clients a variety of payment methods for depositing and withdrawing funds from their accounts. Some of the payment methods that CapproFx supports are credit/debit cards (Visa/MasterCard), bank wire transfers, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Bitcoin, Litecoin, Ethereum, and more. CapproFx does not charge any fees for deposits or withdrawals. However, some payment providers may charge fees or commissions for their services. The processing time for deposits and withdrawals may vary depending on the payment method used. Generally, deposits are instant or within a few hours, while withdrawals may take up to 24 hours or longer.

To make a deposit or withdrawal with CapproFx, you need to log in to your account on their website and go to the funding section. There you can choose your preferred payment method and follow the instructions. You can also view your transaction history and status on your account dashboard. You need to ensure that your account is verified and that you use the same payment method for both deposits and withdrawals. You also need to comply with the anti-money laundering and know your customer policies of CapproFx and the payment providers.

Conclusion

In conclusion, our in-depth examination of CapproFx in this review has unveiled a forex brokerage that stands out for its robust features and offerings. From its versatile trading platforms to an impressive array of tools and a range of flexible account options, CapproFx presents itself as a comprehensive solution for traders seeking diverse opportunities within the forex market. However, it’s worth noting that while CapproFx offers some strong features, such as low spreads, high leverage, and diverse payment methods, there are also some drawbacks, such as lack of regulation, limited customer support, and potential scam or fraud risks. Therefore, there are other brokers with longer track records that might be worth considering as alternative options. For a wider spectrum of choices, we encourage you to explore our trading broker reviews.

CapproFx Logo

$10

CapproFX is a forex and CFD broker that offers trading services on the MT4 platform. It claims to provide tight spreads, high leverage, and various account types, but it has received many negative reviews from users and is not regulated by any authority.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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