No valid regulatory information
Please be aware of the risk!
No restriction on the broker account. Provide service support by WikiFX
It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
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Allegedly, Capital XN is owned by Aus Capital Group Pty Ltd, implying it‘s an Australian company. Yet, the official address is in London, UK. Once we’ve checked ASIC and FCA, we found nothing related to Capital XN nor its owner.
Capital XN provides numerous major instruments of financial markets including currency pairs, commodities, indices, shares and cryptocurrencies.
Capital XN provides five account types for investors: Basic, Silver, Gold, VIP and Diamond, which are scaled by the minimum deposit requirement.
As to leverage, it‘s a matter of inconsistencies. According to the Account Types page, it’s up to 1:40, while on the About Us page, we saw its up to 1:500. However, during the opening of a Demo account, we could choose between 1:1 and 1:1000. Beware!
The trading platform provided by Capital XN is only a proprietary Web trader. Despite showing an MT4 logo and telling clients they can install MT4 through the link on the website, you will still get a proprietary app far from a MetaTrader.
According to Capital XNs website, there are 4 different deposit methods. These are SEPA transfer, Visa, MasterCard and Bitcoin. Since Bitcoin transactions are difficult to track and you will have difficulty getting a refund, the safest would be to use your debit/credit card.
Capital XN urges its customers that they can reach them at any time for queries and assistance. Moreover, they do not have any customer support such as telephone contact or email. So you can only reach them via filling out a contact form which they will hardly respond to.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.