Is Capitalix Legit or a Scam?
No, Capitalix is not a legit broker. The detailed facts you will know in further sections. The main reason is that they have no authentic license or regulations to operate. They only have an offshore license. As we know, offshore brokers are not safe to trade with and they cannot provide any investment security for their investors.
The majority of Capitalix Broker’s clientele come from Saudi Arabia and the United Arab Emirates, according to many reports. This led us to doubt both its veracity and all of the website’s accusations.
So find out everything by reading our honest Capitalix review!
What is Capitalix?
Capitalix, a global brokerage, conducts operations on a global scale, except the United States and certain specified regions. Specializing in Forex and CFD services, the company is based in Seychelles and operates under the entity 4Square SY Ltd. Authorized by the Seychelles Financial Services Authority (FSA), Capitalix falls under the “Offshore Regulatory” category due to the absence of Tier 1 regulation according to the FSA.
They also mention on their website that they have registration and regulation from CySEC, registration number: HE404118. But, when we searched with CySEC, we did not find any proof of their claim.
Capitalix Details
Regulated by | Unregulated Offshore Broker |
Is This Company Safe? | No. This company has only an offshore licence and no registered with any other mainstream authorities. |
Known Websites | https://www.capitalix.com/ |
Have Warnings from | N/A |
Registered in | Seychelles. Registration Number: 8426168-1 |
Operating since | 2019 |
Trading Platforms | WebTrader |
Maximum Leverage | 1:200 |
Minimum Deposit | 250USD |
Deposit Bonus | Not available |
Trading Assets | Forex, Indices, Shares, Crypto, Metals, Commodities, ETF |
Free Demo Account | Not available |
How to Withdraw from This Company? | The company website shows various withdrawal methods, but we received a lot of complaints about withdrawal issues. Please contact us for any issues with Capitalix |
Deposits and Withdrawals
According to their FAQ section, we found that the minimum deposit amount is $250. You can use several deposit methods to deposit your account.
For withdrawals, you can withdraw from your account and the process will be completed from the broker’s side within 72 hours. However, we received a lot of complaints about the withdrawal issues.
Account Types
They offer 3 account types for their clients right now: Silver, Gold, and Platinum. Each account has several features and options.
Red Flags and Warning Signs
This broker has two red flags: offshore registration and an unproved CySEC registration claim. Their claim of being regulated by CySEC is not proven.
The off-shore registration is another warning sign for investors. An offshore company is not secure for investment as it has no security for its investors.
Customer Complaints and Negative Reviews
We have received a lot of customer complaints and found lots of negative reviews. Most of the reviews are based on withdrawal issues, account holding, etc.
Capitalix Alternative Brokers
After you have discovered that Capitalix Broker is a scam broker, you should find some other alternative brokers to invest and secure your money. Here are some alternative legit brokers to trade with.
- IGM– Best for forex trading
- Pepperstone– Best of trading platform
- eToro– Best for Crypto trading
You can also find some other legitimate platforms by doing some research. Always check the licenses, registrations, and regulations of the broker.
Got Scammed by Capitalix? We Help Victims!
Keeping your investments safe should be your priority, and one of the most important steps in this process is to consult Broker Complaint Alert. Additionally, we offer a free consultation as proof of our dedication to helping people who have been duped by con artists or dishonest brokers. Even in the face of hardship, there remains hope for individuals who have been harmed because of our knowledge, experience, and optimism.
