Is Capitalix Legit or a Scam?
Capitalix is not a legitimate forex broker and should be avoided. Despite claiming regulation from the FSA Seychelles, this is an offshore regulator with minimal requirements, and clients are not protected by compensation funds. The broker has received numerous complaints and exhibits several red flags, including:
- Unrealistic promises: Capitalix offers high bonuses and tight spreads, which are often unrealistic and used to lure unsuspecting clients.
- Limited information: The broker’s website lacks transparency about key details, such as ownership structure and licensing information.
- Poor trading platform: The web-based platform is basic and lacks features compared to industry-standard platforms like MT4 or MT5.
- Negative reviews: Numerous online reviews point to negative experiences with Capitalix, including withdrawal difficulties and unresponsive customer support.
What is Capitalix?
Capitalix is a broker that claims to offer forex, commodities, indices, shares, and cryptocurrencies. However, its legitimacy and services are highly questionable.
Capitalix Details
Broker Status: | Offshore Regulated Broker |
Regulated by: | FSA Seychelles |
Website: | |
Operating Status: | Alleged Trading Scam |
Blacklisted as a Scam by: | N/A |
Broker Owner: | 4Square SY Ltd |
Headquarters Country: | Seychelles |
Foundation Year: | 2019 |
Online Trading Platforms: | WebTrader |
Mobile Trading: | Available |
Minimum Deposit: | 100 EUR |
Deposit Bonus: | Up to 100% |
Crypto Asset Trading: | BTC / ETH / XRP |
CFD Trading Option: | Yes, you can trade CFDs |
Available Trading Instruments: | Currency Pairs (FX) / Commodities / Indices / Stocks / Cryptocurrencies |
Maximum Leverage: | 1:200 |
Islamic Account: | Not Available |
Free Demo Account: | Yes |
Accepts US Clients: | US traders are not accepted |
Global Fraud Protection Experts’ Verdict: | Don’t Invest in This Scam Broker! |
Deposits and Withdrawals
Capitalix reportedly accepts only credit cards and wire transfers for deposits. While credit cards offer the possibility of chargebacks for up to 540 days, it’s crucial to avoid depositing any funds in the first place due to the broker’s red flags.
If you have lost money to companies like Up4Profit, or SharzinBank; please report it to us on our report a scam form.
Account Types
Capitalix offers five account types with varying features, primarily differing in leverage, spreads, and bonus amounts. However, these differences are irrelevant considering the broker’s overall unreliability.
Red Flags and Warning Signs
Several red flags indicate that Capitalix is a potential scam:
- Offshore regulation: The FSA Seychelles lacks the strictness of reputable regulators, leaving client funds unprotected.
- Unrealistic promises: High bonuses and tight spreads are often unrealistic and used to lure clients.
- Limited information: Lack of transparency about ownership and licensing raises concerns.
- Basic platform: The web-based platform lacks features compared to industry standards.
- Negative reviews: Numerous online complaints highlight withdrawal issues and poor customer service.
Customer Complaints and Negative Reviews
Many online reviews report negative experiences with Capitalix, including:
- Difficulty withdrawing funds: Clients report issues withdrawing their money, suggesting potential manipulation or exit scams.
- Unresponsive customer support: Clients struggle to reach customer support or receive unhelpful responses.
- Hidden fees and charges: Unexpected fees and charges add to the financial losses clients experience.
Capitalix Alternative Brokers
Instead of risking your money with Capitalix, consider reputable and regulated brokers offering:
- Tier-1 regulation: Licenses from respected authorities like FCA, CySEC, or ASIC.
- Transparency: Clear information about ownership, licensing, and fees.
- Advanced platforms: Industry-standard platforms like MT4 or MT5 with advanced features.
- Positive reviews: Positive client experiences and a good reputation in the industry.
Got Scammed by Capitalix? We Help Victims!
If you have unfortunately fallen victim to the Capitalix scam, do not hesitate to seek help. While recovering funds is difficult, some resources can assist you:
- Contact your bank: If you deposited using a credit card, file a chargeback dispute within 540 days.
- Report the scam to regulatory authorities: File a complaint with the FSA Seychelles (though their effectiveness is limited).
- Seek legal advice: Consider consulting a lawyer specializing in financial fraud.
Remember, prevention is always better than cure. Never invest with unregulated or untrusted brokers like Capitalix. Choose reputable alternatives and conduct thorough research before committing your hard-earned money.
ReviewsAdvice can help you by providing free consultation and recovery service recommendations to help you recover the lost funds or you can report to us today by the below form.
