SCAM – Forex Broker Review (2020)

Capitalix Brokers Logo

Capitalix is a CFD Forex broker that is licensed and regulated by the FSA in Seychelles.

Owned and operated by; 4 Square SY Limited, which is located at: Block B, Room 6, No.2, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Their parent company is based in Cyprus, 4Square CY Ltd, HE404118. Contact phone number in U.A.E. is: +97142783482

Official Website is: Broker Review

Our review of the brokers Capitalix finds, that they offer day traders and investors, a simple web-based CFD trading platform. At this stage they are not offering MT5, and they also do not have a mobile trading app available. They offer in more than 150 underlying assets for trading CFD’s, including all popular Forex pairs and some Crypto Currency pairs like Bitcoin.

Margin / leverage rates on Forex pairs is up to 200:1, and Crypto leverage is 10:1, with $40 spreads on $BTCUSD. Many new investors look for brokers with high leverage because they believe they will make money easier that way. The reality is, that trading with high leverage is very risky, and new traders don’t understand the risks, and end up losing their money quickly.

The minimum deposit for a new trading account is $250, and they offer deposit via Credit Card, Swift, Sepa and AstroPay. Most of the clients at this broker are the Middle Eastern countries of Saudi Arabia, United Arab Emirates or South America. Their website is localized and available in both English and Arabic.

Capitalix Brokers Review
Capitalix Brokers Review

Is a Legit Broker?

Yes, Capitalix is licensed by the FSA Seychelles, under the corporate name 4 Square SY Ltd, see here.

In recent months, we have seen many scam unlicensed brokers, disappear and go out of business. The best brokers are always licensed by ASIC Australia, the FCA in England or your local governments financial regulator. Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator.

What was your experience investing with the brokers at Capitalix? Please share your review in the comment section below.