Welcome to the Capitalxtend review. Capital X Tend is a brand new Forex broker operating from the domain Capitalxtend.com.
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This website first appeared on the internet in May 2020 despite falsely making the statement that the company has been in the trading industry for the last 15 years.
Promotion materials on the website claim that they are trusted by millions.
We can’t verify this claim due to the fact that this broker is a new player in the market.
Nevertheless, this broker offers a number of trading instruments ranging from Forex, Stocks, Commodities, Crypto to CFDs indices.
Trading platforms include the popular MT4 and MT5 software respectively.
The broker is operating from St. Vincent and the Grenadines which is an offshore location.
Most brokers who are headquartered in this region are frauds.
Will Capitalxtend broker turn out to be a scam as well?
When we write reviews like this, we always want to know what kind of trading conditions the broker is offering.
This could be in terms of spreads, leverage, minimum deposit, education and support.
With respect to this, we’ve provided a quick summary of the information in the table below.
|Standard||$200||Floating, from 3.0 pips||0|
|ECN no commission||$500||Floating, from 1.6 pips||0|
|ECN Pro||$5000||Spread from 0.8 pips||$3 fixed per side|
In addition to offering self trading accounts, the broker has a copy-trading feature where less experienced traders can mirror strategies from other traders.
We generally discourage this sort of trading unless the master account has a verified trading record where profits are consistent.
Is your money safe with Capitalxtend?
First of all, this broker is not licensed. However, they claim to be a member of the Financial Commission where clients are assured of compensation of up to €20,000 in case the company is dissolved.
We have not found any evidence of this being the case. If this company does not have a Forex broker license, there is no way it can obtain insurance for clients who lose money in case they go under.
Furthermore, broker licensing means all deposits will be placed in a segregated account.
In this case, deposits from their clients are never mixed with operation capital of the company.
Unfortunately this isn’t the case for Capital X Tend broker.
In short, your money is not safe in the hands of this broker. Just keep off their services if you want to have peace of mind.
We prefer brokers who have been providing services for a long time.
We don’t recommend brokers with zero track record.
Furthermore, brokers with no valid license or authorization from any financial watchdog are always dangerous to trade with.
Once you keep this in mind, you can never fall into the trap of a scam website that purports to offer any sort of financial services.
Bottom line is that never trust a company like CapitalXTend no matter how attractive their bonus or trading conditions are.
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