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The WikiFX Score of this broker is reduced because of too many complaints!

CAPPMOREFX

Saint Vincent and the Grenadines|Stoppage of Business|
2-5 years|Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://cappmorefx.com/

Website

Rating Index

Contact

info@cappmorefx.com
https://cappmorefx.com/
Suite #305, Griffith Corporate Centre, Beachmont, Kingstown, SVG
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Cappmore Wealth Managers LLC

Company Abbreviation

CAPPMOREFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-13
  • This broker bas been verified to be stoppage of business, and it has been listed in WikiFX's Stoppage of Business list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 29 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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Pyramid scheme complaint
Expose
Unable to Withdraw

Unable withdrawal our USD amount from cappmore fx

with reference to the above subject, our cappmore fx Account ID is 637650 , our crypto withdrawal not done till to today , I made withdrawls on 19/07/23. till I have not received our binance account please help me as soon as possible.

2023-08-26 01:36
Others

Cappmorefx not scammed us

I think that Cappmorefx not scammed us. Because they have faces a lot of technical issue after the server up-gradation like copy Trade, (if Trade closed by the Trader, in multiple of Account Trade were not closed.) Withdrawal Problem (They have started Crypto Withdrawal in July for 2-3 days arround 15-17 July. Withdrawal done in accounts but it was not deposited in Binance). IB Commission ( many accounts got more IB Commission from referal Accounts. For example 123456 want to get 1 dollar from 223344 account for 4 lot. But it has got 5-6 Dollar for 4 lot). and they have disconnected from MT5 platform, these are facing from server issue after they made latest up-gradation on july. So they tried to rectify and solve the issue till august 2nd week but it was not solved. and they made some application changes and decided to buy a new server or domain. For this they have changed the company name to CAPPFX. and registered the domain on 18th of August arround 2 PM and they have sent a E-mail to client Accounts registered E-mail regarding company name changed. and they have taking a time for to create a new website for Cappfx or they are making any modification on existing Cappmorefx website. They said that in previous E-mail they are comming up with new platform and they will shift the data to they new platform. Even I am also a investor on this cappmorefx. I am not company person. These what i stated above are true. Because i have checked in many Accounts it has been caused like this. So be in patience while they get 15-30 days time. let us hope for positive. Even in my two Accounts had arround 9500 USDT. I am also having lot of pain.

2023-09-13 10:07

    CAPPMOREFX · Company Summary

    CapmoreFX Basic Information
    Registered Country/Region Saint Vincent and the Grenadines.
    Founding Time 2022
    Regulation No regulation
    Trading Assets Forex, Stocks, Indices, Commodities, and Cryptocurrencies
    Maximum Leverage Up to 1:200 for forex trading (the maximum leverage for trading CFDs on other assets may differ)
    Minimum Deposit N/A
    Account Types Standard, Gold, VIP, and Corporate
    Spreads and Commissions Variable spreads (commission vary depending on trading acounts)
    Trading Platform MetaTrader 4 (MT4) trading platform
    Deposit and Withdrawal Bank Wire Transfer, Credit/Debit Cards, Neteller, Skrill, and FasaPay
    Customer Support Phone, Email, and Live Chat, as well as social medias
    Educational Resources Market News, Charting Tools, Technical Analysis, Guidelines

    Overview of CAPMOREFX

    Established in 2022, CapmoreFX is a regulated forex and CFD brokerage firm that is registered in Saint Vincent and the Grenadines. CapmoreFX offers its clients access to leading trading platforms, including MetaTrader 4 (MT4), that allow clients to trade a variety of financial instruments, including forex, cryptocurrencies, commodities, indices, and stocks.

    CapmoreFX also provides its traders with various advanced trading tools, including economic calendars, technical indicators,margin calculator, stock screener, forex market hours to help them analyze the market and make informed trading decisions. CapmoreFX also offers a copy trading service called CapmoreFX CopyTrade. This service enables traders to copy the trades of experienced traders and potentially earn profits without having to conduct their own analysis. The system allows for real-time copying of trades, and clients can select from a list of successful traders to follow.

    In terms of customer support, CapmoreFX offers several channels for traders to reach its support team, including phone, email. Customer support team that is available 24/5. The broker's support team is available round the clock to help clients with any queries or concerns they may have.

    basic-info

    Is CapmoreFX legit or a scam?

    CapmoreFX is registered in Saint Vincent and the Grenadines, which is a country that doesn't have a stringent regulatory regime for forex and CFD brokers. This means that CapmoreFX operates without any specific regulatory oversight, although it is incorporated and authorized by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.

    It is important for traders to be aware of the regulatory status of the broker they intend to trade with, as it can affect things like the level of protection of their funds, client compensation schemes, and overall transparency of the broker's operations. While CapmoreFX may offer a range of attractive features and services, traders should carefully consider the risks involved in dealing with an unregulated broker.

    Pros and Cons

    Pros Cons
    Wide range of tradable assets Lack of regulation by a reputable body
    User-friendly MetaTrader 5 trading platform Limited transparency
    Educative resources available High minimum deposit required
    Copy trading features offered Limited range of trading instruments
    Relatively young presence
    No online chat
    No 7/24 customer support

    Market Intruments

    CapmoreFX offers a diverse range of financial instruments for trading, including:

    • Forex currency pairs: Forex trading is the buying and selling of different currencies against each other. CapmoreFX offers a range of currency pairs including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as exotic pairs like EUR/TRY and USD/BRL.

    • Indices: Indices trading involves the buying and selling of a basket of stocks that make up a specific stock market index. CapmoreFX offers popular indices like S&P 500, FTSE 100, and NASDAQ 100.

    • Stocks: Stock trading allows traders to buy and sell shares of individual companies. CapmoreFX offers a range of company stocks including Apple, Amazon, Google, Microsoft and more.

    • Metals: Metals trading involves the buying and selling of gold, silver, platinum, and other precious metals. These assets are often considered safe havens during times of economic uncertainty.

    • Cryptocurrencies: Cryptocurrency trading involves the buying and selling of digital currencies like Bitcoin, Ethereum, Litecoin, and others. These assets are highly volatile and require a strategic trading approach.

    • Energy: Energy trading involves the buying and selling of oil, natural gas, and other energy products.

    market-instruments

    Pros Cons
    Diverse range of assets, Opportunities to profit from a group of stocks rather than just one, Access to different markets around the world High risk due to leverage trading, Market can be volatile and unpredictable, Requires a lot of market knowledge and technical analysis
    Ability to trade 24/7 without national boundaries, Increased liquidity and transparency compared to traditional markets Highly sensitive to global events and news, Can be highly volatile and unpredictable, Potential for sudden market crashes
    Diverse range of assets, Opportunities for profit in both rising and falling markets Carry higher levels of risk, Can be affected by company-specific news and events, Limited trading hours
    Limited industrial use, Market can be affected by supply and demand factors that are difficult to predict, Can be affected by changes in trading policies
    Highly volatile and can experience significant price fluctuations, Need for understanding of blockchain and cryptocurrency technology, Lack of regulation can lead to scams and potential fraud
    Highly sensitive to global events and news, Can be highly volatile and unpredictable, Requires a deep understanding of the energy markets

    Account Types

    CapmoreFX only offers live accounts, which means that traders must open a trading account with real money to trade on the platform. This can be less appealing to traders who are new to trading or who are not yet ready to commit their funds.

    How to open an account?

    To open an account with CapmoreFX, follow these steps:

    1. Visit the CapmoreFX website and click on the “Open Account” button.

     open-account

    2. Fill out the online registration form with your personal information such as your full name, country of residency, date of birth, phone number, email address, and username/password.

    3. Choose your account type and read and accept the terms and conditions.

    4. Submit the required verification documents to confirm your identity and address.

    5. Fund your trading account with the minimum required deposit.

    6. Once your account is approved, you can download the trading platform and start trading.

    It is important to note that CapmoreFX may require additional information or documentation during the account opening process, and the steps may vary depending on the country where you reside. Make sure to read the terms and conditions of the broker before opening an account to avoid any confusion or misunderstandings.

    Leverage

    The leverage ratios offered by CapmoreFX can be as high as 1:500, which means that traders can trade with margin, with the broker providing the remaining funds. This can amplify the potential profits of traders, but it also increases the potential risks and losses.

    It's important to note that leverage is a double-edged sword and must be used with caution. While it can magnify gains, it can also magnify losses. Therefore, traders must have a strong risk management strategy in place to protect their capital.

    Spreads & Commissions (Trading Fees)

    CapmoreFX offers variable spreads, which means that the spreads may change depending on the market conditions and the instrument being traded. The spreads can start from as low as 0.0 pips for some of the major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY. However, the spreads may widen during volatile market conditions or low liquidity.

    CapmoreFX does not charge any commissions on forex trades. Instead, the broker makes money by applying markups on the spreads. This means that traders will only pay the bid/ask spread on the trades they make.

    For CFD trading, CapmoreFX may charge commissions depending on the type of instrument being traded. Traders can refer to the broker's website or contact their customer support team for more information on commissions and fees.

    It's important to note that the spreads and commissions charged by CapmoreFX may vary depending on the account type, trading platform used, and the volume of trades made by the trader. It's recommended that traders review the broker's fee schedule and terms and conditions before opening an account.

    spread-commission

    Non-Trading Fees

    In addition to trading fees, CapmoreFX may charge non-trading fees, including:

    1. Inactivity Fee: CapmoreFX may charge an inactivity fee if the trader does not make any trades or transactions on their account for a certain period. The inactivity fee varies depending on the account type and the duration of the inactivity.

    2. Deposit/Withdrawal Fees: CapmoreFX may charge fees for deposits and withdrawals depending on the payment method used. Bank wire transfers may have a fee charged by the bank, while electronic payment methods such as debit/credit cards or e-wallets may have a processing fee charged by the payment provider.

    3. Overnight Financing Charges: CapmoreFX may charge overnight financing fees for positions held open overnight. This fee is calculated based on the interest rate differential between the currencies being traded.

    It's important to note that the non-trading fees charged by CapmoreFX can vary depending on the account type, the payment method used, and the volume of trades made by the trader. Traders should review the broker's fee schedule and terms and conditions before opening an account to ensure a clear understanding of all costs involved.

    Trading Platform

    CapmoreFX offers the popular MetaTrader 5 (MT5) platform for trading forex and CFDs. MT5 is a powerful and user-friendly platform that allows traders to access a wide range of financial instruments, including forex, stocks, commodities, and indices.

    The MT5 platform provides advanced charting tools, 30+ technical indicators, and a range of order types, including market orders, limit orders, and stop orders. It also has a news feed and economic calendar, which can help traders stay up-to-date with market events that may impact their trades.

    In addition to the desktop version of MT5, CapmoreFX also offers a web-based platform and a mobile app, which are both convenient options for traders who want to access their accounts on-the-go.

    trading-platform

    Deposit & Withdrawal

    Upon reviewing the information available on CapmoreFX's website, specific details cannot be found on their minimum deposit or accepted payment methods. It seems that CapmoreFX does not disclose this information publicly.

    Therefore, interested clients are recommended to contact CapmoreFX customer support to get more information on the minimum deposit requirement and payment methods. CapmoreFX's customer support team will be able to provide up-to-date information and assist you in choosing the best payment method that suits your needs.

    Customer Support

    CapmoreFX provides several ways to contact their customer support team.You can reach out to them via phone at +44 (0) 203 514 6150 (for EU clients) or +44 (0) 203 514 6152 (for non-EU clients), from Monday to Friday, 9:00 AM to 9:00 PM (GMT).Alternatively, you can send them an email at support@CapmoreFX.com or use the contact form available on their website.CapmoreFX also has a live chat feature through Whatsapp on their website, where you can directly chat with their customer support representative and get immediate assistance.

    Educational Resources

    CapmoreFX offers a comprehensive range of educational resources and trading tools to help traders make informed trading decisions. Some of the key features available on CapmoreFX's website are:

    • Daily Market Analysis: CapmoreFX provides daily market analysis including technical analysis, fundamental analysis, and market news, which can help traders to keep track of market trends and make more informed trading decisions.

    • Trading Signals: CapmoreFX offers trading signals generated by their market experts, which can help traders identify potential trading opportunities.

    1. Autochartist: CapmoreFX offers the Autochartist tool, which is a powerful market scanning tool that identifies potential trading signals and patterns in real-time.

    2. Economic Calendar: CapmoreFX provides an economic calendar that shows important economic indicators and events that may affect trading.

    3. Trading Tools: CapmoreFX offers a range of trading tools, including advanced charting tools, a variety of technical indicators, one-click trading, and more.

    4. Educational Resources: CapmoreFX provides a range of educational resources, including educational videos, eBooks, and webinars to help traders improve their trading skills and knowledge.

    Conclusion

    CapmoreFX is an online forex and CFD broker that offers a range of trading services and tools to traders of all levels. The broker provides clients with access to the global financial markets, competitive spreads, and a choice of trading platforms, including the popular MetaTrader 5 platform. CapmoreFX also offers customer support through various communication channels, including phone, email, live chat, and a contact form.

    Additionally, the broker provides a wide range of educational resources and trading tools, including daily market analysis, trading signals, Autochartist, economic calendars, and advanced charting tools. These resources are designed to help traders improve their trading skills and make informed trading decisions.

    However, this broker is not regulated by any regulatory authority, which may raise some concern among most traders.

    FAQs

    Q: Is CapmoreFX a regulated broker?

    A: No, CapmoreFX is not regulated by any regulatory authority.

    Q: What trading instruments are available with CapmoreFX?

    A: CapmoreFX offers trading instruments including forex, metals, indices, commodities, and cryptocurrencies.

    Q: What trading platforms are available with CapmoreFX?

    A: CapmoreFX offers the popular MetaTrader 4 platform to its clients, with both desktop and mobile versions available.

    Q: What are the fees and commissions for trading with CapmoreFX?

    A: CapmoreFX offers competitive spreads and commissions for trading with them. They also do not charge deposit or withdrawal fees.

    Q: Does CapmoreFX offer any educational resources or tools to traders?

    A: Yes, CapmoreFX offers a range of educational resources and trading tools to help traders improve their skills and knowledge. This includes market analysis, trading signals, charting tools, and economic calendars.

    News

    Better Aware than Regret! Watch out the list of “Most Complained brokers” in India

    ExposureBetter Aware than Regret! Watch out the list of “Most Complained brokers” in India

    2023-10-10 15:29

    You have seen many people around you. Who do not thoroughly investigate before investing and later on when their hard-earned money gets swindled by fraudulent brokers. They regret and rant. Before you end up in this worse situation, We are informing you about the most complained brokers in India during the last month because Its Better Aware than Regret and Rant. Watch out for the list below, and beware.

    WikiFX
    2023-10-10 15:29
    Exposure
    Better Aware than Regret! Watch out the list of “Most Complained brokers” in India
    Another scam by Cappmorefx

    ExposureAnother scam by Cappmorefx

    2023-09-14 13:47

    Wikifx received so many complaints against Cappmorefx in the past months, but we're still not getting over such complaints. One of the users of Cappmorex from India recently complaint on Wikfx regarding withdrawal issue on 11 Sep 2023.

    WikiFX
    2023-09-14 13:47
    Exposure
    Another scam by Cappmorefx
    Latest News on CappMoreFX, Account Migration to CappFX Exposed!

    ExposureLatest News on CappMoreFX, Account Migration to CappFX Exposed!

    2023-09-11 16:54

    Beware of CappMoreFX's unregulated status and withdrawal issues. Research thoroughly before investing and prioritize safety in financial decisions.

    WikiFX
    2023-09-11 16:54
    Exposure
    Latest News on CappMoreFX, Account Migration to CappFX Exposed!
    Checkout the List of Most-Complained Brokers in August in India

    ExposureCheckout the List of Most-Complained Brokers in August in India

    2023-09-06 12:04

    Wikifx reveals the list of the most complained brokers in August 2023 in India. Wikifx received numerous complaints from customers, highlighting their poor service and questionable practices against these brokers. It is important for investors to be aware of these brokers in order to make informed decisions and protect their hard-earned money. Check out the list of Fraudulent brokers and stay safe.

    WikiFX
    2023-09-06 12:04
    Exposure
    Checkout the List of Most-Complained Brokers in August in India

    User Reviews

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    Comments

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    sandy9038
    6-12months
    cappmorefx is sub broker of yamarket. lalit matta is also involved in this scam. yamarket provide server and liquidity to cappmorefx. please help to get fund back from cappmorefx. yamarket Market representative ask me to deposit same amount in yamarket then we transfer fund to yamarket. lalit matta we have proof.
    2023-09-07 18:19
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    A42620
    more than one year
    Talking to CapmoreEFX’s customer service was not easy. For what? They don’t reply you at all. Don’t rely on them when you encounter problems during trading. They don’t have the ability and willingness to resolve problems for you.
    2023-02-23 09:16
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    FX1071083505
    more than one year
    A young broker, providing rich trading instruments, which is good. Opening an account here seems so easy and quick, and this broker says no account opening fee charged. More importantly, it supports copy trading, which is extremely suitable for novices, just like me, brova!
    2022-12-02 13:42
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    Jasmine
    more than one year
    I am very impressed by the trading tools and educational resources provided by CAPMOREFX. They are so rich and comprehensive! This is so friendly to me as a newbie! I can study before trading.
    2022-12-02 11:02
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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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