Note: Since CAPITAL BOXs official site (https://www.mycbfx.com/index.html) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.
CAPITAL BOX is allegedly a broker based in the United Arab Emirates that provides its clients with leverage up to 1:500, variable spreads and no commissions, as well as a choice of three different account types.
There are three live trading accounts offered by CAPITAL BOX, namely Standard, VIP and Elite. Opening a Standard account requires the minimum initial deposit amount of $100, while the other two account types with the much higher minimum initial capital requirements of $1,000 and $2,000 respectively.
The maximum leverage ratio provided by CAPITAL BOX is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Spreads are influenced by what type of accounts traders are holding. CAPITAL BOX reveals that the spread on the Standard or Elite account starts from 1.2 pips, while the clients on the VIP account experience spreads from 1.7 pips. All charging no commissions.
Deposit & Withdrawal
CAPITAL BOX accepts deposits and withdrawals with credit/debit cards such as MasterCard and Visa, Bank transfer, as well as popular payment methods like Neteller and Skrill, yet we have no way to verify if these payment options are all available due to its broken links. The minimum deposit requirement is $100. As for the processing time of deposit and withdrawal requests, the broker says they usually can be processed within 2-4 Working Days.
CAPITAL BOXs customer support can be reached by telephone: +971558679191, email: email@example.com. Company address: 2006, City Tower 2, Sheikh Zayed Road, Dubai - UAE, P.O.