Do you want to trade on Excaptal FX? Here is what you must know about this broker Excaptal.com. See reviews to find all about it.
This post promises to share helpful review to support users/traders in making the right decision.
Excaptal FX
Excaptal FX is an offshore brokerage company with a lot of promises for traders. The broker is owned and operated by EXTREND CAP INTERNATIONAL PTY LTD with an incorporated in Australia.
What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Withdrawal and Deposit
Withdrawal process:
Under withdrawal policy, Excaptal fx leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. Sadly, this is a common scheme usually used by suspicious FX broker to keep traders under the cloud.
Excaptal Minimum Deposit:
Excaptal fx minimum deposit is not indicated. One of the indicators of a genuine fx broker is that minimum deposit is made known to traders to start trading with a minimum deposit of $100 or less.
As for the payment methods, the broker is still in operation of keeping clients in the unknown. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Excaptal Platform:
Excaptal FX claims to offer MT5 (Industry standard trading platforms). The presence of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. However, the broker is already a red flag for traders.
As for the leverage, there is nothing. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
What We Discovered About Excaptal.com Broker
First of, Excaptal FX has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Excaptal Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Bottom Line:
Excaptal fx located at Excaptal.com claims to be a trustworthy trading broker, however, that cannot be ascertained. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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