When you`re looking for a reliable Forex broker, you should consider all the pros and cons of a certain company before funding your account. Traders Union experts have recently published a review of the basic conditions and most interesting features of CAPEX, a large European broker.
The choice of a broker is one of the most important things for every novice Forex trader. Even when the broker you`re planning to choose is a well-known and reliable one, you should consider all its pros and cons to make sure its conditions will suit your trading experience, skills, and favorite strategy. Traders Union experts provide a CAPEX review for its trading conditions, fees, features for novices, and other aspects to help you understand whether this broker is worth your time.
Security and regulation
Founded in 2016, CAPEX is considered a relatively popular European broker especially well-liked by traders from Spain, Italy, and Qatar. Headquartered in Cyprus, the company is regulated by CySEC, a reputable financial authority that makes sure all the broker`s transactions are transparent, secure, and honest to its clients. Traders Union experts have analyzed online reviews of CAPEX and found that no clients report any problems related to the security of their funds: withdrawals are quick, and all traders can be sure they will receive their profits.
Conditions and fees
Judging by its trading conditions, the broker seems to be oriented toward more experienced traders: the minimum deposit for Standard accounts starts from $100, and you need at least $1,000 to open a professional account with low spreads. However, the broker offers a wide variety of tradable assets: a lot of currency pairs, indices, stocks, and even cryptocurrencies. That means every trader can always find some interesting trading opportunity. When it comes to fees, CAPEX is known to be an expensive broker: it charges fees for withdrawals and inactivity, so you should be very careful.
Other useful features
CAPEX is known among novice traders for its extensive educational program that covers all the basic aspects of Forex trading. Although CAPEX was not included in the rating of Forex brokers compiled by TU, the company offers one of the best conditions for training beginners. You can listen to podcasts or read educational articles on the CAPEX website and practice your skills on a free demo account. According to Traders Union, using a paper trading account is beneficial for your long-term success as a Forex trader. There are also investment options offered by CAPEX for people who don`t feel like trading actively.
