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No valid regulatory information, please be aware of the risk!
+54 11 5236 2375
In May, I first started investing in Capitalix because I had just planned to invest a small amount of money. Three days later, they convinced me and insisted on investing more. In the following months, they showed me charts, attended online seminars, and encouraged me to read articles on stock issues, with the aim of showing me that they are experts in good management and predicting positive market trends. Through this approach, my manager convinced me to invest $5200 and promised that my account would become a gold account, which would minimize the tax generated by such international transactions. In addition, the account would bear any market losses because according to them, every dollar invested in the account would automatically become $50. Everything went smoothly until I finally got the money from my $5000 gold account. Immediately, in the next two weeks, my manager told me as usual what to invest in, but this time, my position was negative from the beginning and has not rebounded for several days. The manager first told me that this was normal, but since it was a gold account worth $1 to $50, he would stick with it. Then he started telling me that he didn't have a crystal ball to guess the future, and investing always involved risks. During this period, I asked him to withdraw money, and he said some ambiguous things to me, such as yes, but we had to wait. The withdrawal had already taken place, but it just didn't reach my account. Time passed like this, until suddenly, there were already many negatives and the account was clearly lost. At that time, they told me that they would reach an agreement with me that if I returned the investment bonus they gave me, they would return the total amount of my investment to me, so I sent them $1985 again, but my investment was never recovered. In this regard, they told me that they would return it to me, but I also had to repay their account management fee of $700. Due to my failure to do so, my manager interrupted communication with me. I turn to you for help and hope to take action on this. Thank you very much
General Information & Regulation
Capitalix, a trading name of 4Square SY Ltd, is allegedly a forex broker registered in Seychelles with a registration number 8426168-1 that claims to provide its clients with over 150 tradable assets with leverage up to 1:200 and variable spreads from 0.3 pips on the web-based trading platform, as well as a choice of five different live account types and 24/5 expert human support service. Here is the home page of this brokers official site:
As for regulation, Capitalix says it is a holder of an FSA license with the number SD052. However, it has been verified that the broker 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 1.18/10. Please be aware of the risk.
Capitalix advertises that it offers access to more than 150 trading assets in financial markets, including forex, cryptocurrencies, stocks, indices, commodities and metals.
Apart from virtual accounts with $100,000, Capitalix claims to offer five types of live trading accounts, namely Basic, Silver, Gold, Platinum and VIP. However, the broker says nothing about the minimum initial deposit requirement.
A leverage ratio of up to 1:200 is offered by Capitalix, which is much higher than that provided by most brokers. 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
Capitalix claims that different account types and trading assets have quite different spreads. Just take the spread on forex majors as an example, clients on the Basic account can experience spreads from 3 pips, while the other four account types have spread from 2.4 pips, 1.8 pips, 1.2 pips and 0.3 pips separately. All charging no commissions.
Trading Platform Available
Platforms available for trading at Capitalix are seemed to be web-based, as well as available for desktop, iOS and Android devices. 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
Capitalix says to accept deposits and withdrawals via Visa, Mastercard, Maestro, Swift and SEPA. The minimum initial deposit requirement is said to be €250, and the minimum withdrawal amount via wire transfer is $250. All deposits and withdrawals are said to be free and can be handled within 72 hours (3 business days). The refund may take 4-8 business days.
Capitalix claims to offer a bonus for different account types. In particular, a bonus of up to 20% for the Basic account, while the other four account types have a bonus of up to 40%, 60%, 80% and 100% respectively, yet 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.
Capitalixs customer support can be reached by telephone: +971 4574 1810 (AE), +54 11 5236 2375 (AR), +357 242 67263 (CY), email: firstname.lastname@example.org, live chat or send messages online to get in touch. Company address: CT House, Office 4B, Providence, Mahe, Seychelles.
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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