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No valid regulatory information, please be aware of the risk!
Connexar Capital LTD
Pyramid scheme complaint
General Information & Regulation
ConneXar Capital, a trading name of Connexar Capital LTD, presents itself as a company registered in England and U.K Company House with company incorporation number 13914199 since 2021. The broker claims to provide its clients with over 150 tradable instruments with flexible leverage up to 1:400 and variable spreads from＜0.2 pips on the leading MT5 for Mac, Windows, iOS and Android trading platforms, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that ConneXar Capital does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.03/10. Please be aware of the risk.
ConneXar Capital advertises that it offers access to more than 150 tradable instruments in markets, covering forex, indices, commodities and cryptocurrencies.
Apart from demo accounts, ConneXar Capital claims to offer three types of trading accounts, namely Standard, Pro and ECN. The minimum initial deposit amount is $100 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $500 and $1,000 respectively.
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can enjoy the maximum leverage of 1:400, the Pro account has the leverage of 1:300 and the ECN account members can experience leverage of 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
ConneXar Capital claims that different account types can enjoy quite different spreads. Specifically, the spread on the Standard account starts from＜1.9 pips, the Pro account has spread from＜1.3 pips, while only the ECN account holders can enjoy spreads from＜0.2 pips. All charging no commissions.
Trading Platform Available
Platforms available for trading at ConneXar Capital are MT5 for Mac, Windows, iOS and Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
ConneXar Capital says to accept deposits and withdrawals via Bank Transfer, Skrill, Bitcoin, USDT, Escrow and Visa. The minimum initial deposit requirement is said to be $25 for Skrill, Bitcoin and USDT, while $100 for Bank Transfer, Escrow and Visa. The minimum withdrawal amount is $50 for USDT, while others are no limit.
There is no commission on Skrill, Bitcoin, USDT and Escrow, while Bank Transfer and Visa may be charged some transaction fees from banks. USDT deposits are instant, while other deposits and withdrawals can be processed within one business day.
ConneXar Capital claims to offer a 30% welcome bonus and a 30% withdrawal bonus. Also, the broker says to offer free $50 deposit to new clients. However, we cannot be sure if the bonus can be withdrawn without any limitation.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
ConneXar Capitals customer support can be reached Monday to Friday: 10 AM to 6 PM by email: support@ConneXarCapital.com (India/UK), info@ConneXarCapital.com (UAE), singapore@ConneXarCapital.com (Singapore), live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Registered Office: Kemp House, 160 City Road, London, EC1V 2NX, UNITED KINGDOM. Office Address: ConneXarCapital LTD: U.K Incorporation COMPANY NUMBER,13546193, TRADING ADDRESSES, 20-22 Wenlock Road, LONDON, N1 7GU- England.
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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