General Information & Regulation
CapitalXtend, a trading name of CAPITALXTEND GROUP LTD, is allegedly an online forex and CFD broker registered in Republic of Mauritius and founded in 2020 that provides its clients with the industry-standard MetaTrader4 and MetaTrader5 trading platforms, flexible leverage up to 1:5000, tight spreads from 0.2 pips on over 300 tradable financial instruments, a choice of four different account types, as well as copy trading service and 24/7 customer support service.
Market Instruments
CapitalXtend advertises that it is a multi-asset platform with more than 300 trading instruments in financial markets, including cryptocurrencies, forex, spot metals, spot energies, CFD shares and CFD indices.
Account Types
There are four live trading accounts offered by CapitalXtend, namely Standard, ECN, Pro-Ecn and Platinum. Opening a Standard account requires the minimum initial deposit amount of $12, and the other two account types with the similarly low minimum initial capital requirements of $50, $100 respectively. Platinum accounts remains the most expensive account type, asking for a high minimum deposit of $25,000.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard, ECN or Pro-Ecn account can enjoy the maximum leverage of 1:5000, while the Platinum account can experience the leverage of 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. CapitalXtend reveals that the spread on the Standard account starts from 2 pips, the clients on the ECN account can experience spreads from 1.2 pips, while the Pro-Ecn or Platinum account can enjoy the lowest spreads from 0.0 pips. As for commissions, the Pro-Ecn account will be charged a fixed commission of $3 per side, while the other three account types with no commission.
Trading Platforms
When it comes to trading platforms available,CapitalXtend gives traders the industry-standard MetaTrader4 and MetaTrader5 trading platforms. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both MT4 and MT5 have mobile Apps, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.
Deposit & Withdrawal
From the logos shown at the foot of the home page on CapitalXtend official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, including cryptocurrencies, Perfect Money, Pay Trust, Paylivre, Local Transfer, Bank Transfer, etc., yet we cannot be sure if these payment options are all available. The minimum deposit requirement is $12.
Bonuses & Fees
CapitalXtend claims to offer a 50% on-deposit bonus, yet we cannot be sure if the bonus is available without any condition.
Customer Support
CapitalXtend customer support can be reached by telephone: +448000418471, email: support@capitalxtend.com or live chat. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram, YouTube, Facebook, Telegram and LinkedIn. Headquarters: K. Amanzholov street, building 174, Uralsk city, 090000, Kazakhstan. Registered Office: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
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