Capital Traders Market is a broker that promises to make its customers a lot of money trading. We have solid grounds to think that this is all chatter, however. One of the strongest arguments is that no broker can promise a profit on an investment. The market is much too ambiguous. The broker itself is the second issue; Capital Traders Market lacks a license and has been identified by the FCA.
Is Capital Traders Markets a Licensed Broker?
Capital-Traders is not affiliated with the company Option Solution Online Ltd., which is headquartered in London. The very name of the company makes it seem as if it formerly dealt with binary options but has now shifted its focus to spot trading. Given that information, the fact that they are not registered with the Financial Conduct Authority (FCA), which serves as the regional regulator, is a considerably more significant problem.
Why Should Not You Trust an Unlicensed Broker?
Clients of unlicensed brokers could not be eligible for the same safeguards as those who choose to create accounts with regulated businesses in the UK, EU, or Australia. Licensed brokers in all of these jurisdictions must fulfill a number of requirements in order to obtain and maintain their license, including maintaining a minimum operational capital of A$1 million in Australia and €730 000 in the UK and the EU, as well as providing negative balance protection, which ensures that you cannot lose more money than you have in your account. Additionally, brokers in the UK and the EU are required to contribute to compensation schemes. As a result, in the event that a broker has financial difficulty, each of their customers may be eligible for compensation of up to £85 000 in the UK and €20 000 in the EU.
Is Capital Traders Markets Can Be Trusted?
This broker should be trusted. They don’t have any licenses. They claim that they are UK operating company, but their locations are not real.
Warnings From Financial Regulators
FCA, the chief financial organization in the UK, has already issued a warning against Capital Traders Markets. They clearly mentioned that this organization is running its business without any kind of authorization and FCA will not be liable for any financial losses of its clients.
What Do Traders Think Of Capital Traders Markets?
After doing some research on a variety of social media sites as well as online trading forums, a common theme developed in people who were unhappy with the services provided by Capital Traders Market. It would seem from this customer feedback that Capital Traders Market is not a trustworthy broker; as a result, great care is required prior to making any investments using their brokerage platform.
Platform Offered by Capital Traders Markets
The trading platform provided by Capital Traders is online. Although it isn’t the worst we’ve seen, the UI isn’t very good either. Those of you who have utilized platforms that are a little more difficult but have a lot more users are undoubtedly in love with them. One that I often like to suggest is MetaTrader4 since it hits the ideal balance. It is user-friendly for novices while yet including many additional features, such as sophisticated indicators, automatic trading, a signal system, and more.
Country Serving by Capital Traders Markets
This platform is operating in the UK, USA, and Italy.
Capital Traders Markets Range of Trading Markets
When compared with the prices that are currently being offered by other businesses, this company’s trading fees are not even close to being competitive. When we registered for an account, the EUR/USD spread that was displayed to us was 4.4 pips. Even only a few years ago, this amount would not have been considered acceptable; but, in today’s market, many brokers provide spreads of about 1.5 pips, or even less.
Minimum Deposit and Withdrawal Terms of Capital Traders Markets
A deposit of €500 is required for the Capital-Traders account type considered to be the most basic. While this may seem like little change to some readers, it’s likely that others won’t be able to put up such a large quantity of money for investment.
Ways to Make a Deposit
Capital-Traders have all possible methods of depositing money covered. Bank transfers, credit cards, Skrill, Neteller, Yandex, WebMoney, Qiwi, Bitcoin, and Ethereum are a few of the available payment options.
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