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CapproFX

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CapproFX

Allowed countries

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados,...

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Plurinational State of, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo, the Democratic Republic of the, Cook Islands, Costa Rica, Croatia, Cuba, Curaçao, Cyprus, Czech Republic, Côte d'Ivoire, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Islamic Republic of, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Democratic People's Republic of, Korea, Republic of, Kuwait, Kyrgyzstan, Lao People's Democratic Republic, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, the former Yugoslav Republic of, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Federated States of, Moldova, Republic of, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestinian Territory, Occupied, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Romania, Russian Federation, Rwanda, Réunion, Saint Barthélemy, Saint Helena, Ascension and Tristan da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and the South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syrian Arab Republic, Taiwan, Province of China, Tajikistan, Tanzania, United Republic of, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Venezuela, Bolivarian Republic of, Viet Nam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe, Åland Islands

Name

CapproFX

CapproFX is a brokerage service provider established in 2013 in Hong Kong. It also has an office in the United Kingdom. It is not clear that this broker is being regulated or has any operating license. Unfortunately, this puts a big question mark on the honesty, integrity, and reliability of the broker.

Like most brokers based in Europe, traders from the United States are prohibited from the platform. However, the good news about the broker is that it has demo account for newbies and its trading platform is Meta Trader 4. 

Features

Apart from the demo account, CapproFX offers 4 types of live accounts which are Mini, Standard, ECN, and VIP Accounts. The major difference among the accounts is their minimum initial deposit. The Mini Account accepts $10, Standard takes $500 while ECN and VIP Accounts accept $2,000 and $25,000 respectively. 

This broker offers Islamic accounts and PAMM services. Various CFDs as well as more than 60 currency pairs that do not include any cryptocurrency are traded on the platform. In addition, several precious metals are also traded. Whether you are operating a live account or a demo account, you will be trading on MT4. There is a version for PCs and another one for mobile devices.

You can contact their customer support team through Skype, Live chat, Phone call, and online contact form for callback. Their trading server operates GMT time zone. Traders are also allowed to make use of expert advisors. The payment methods offered by the broker are UnionPay, PayPal, MasterCard, Visa, Skrill and Bank transfers. The withdrawal methods are PayPal, UnionPay, Neteller, Skrill, Debit Card, Credit Card and bank transfers. What attracts most traders to this broker is the availability of commission-free trading. 

Support of cryptocurrencies

This broker does not support cryptocurrencies in any form, at least for now. Clients can’t deposit with digital coins and neither can they receive payment through the same method. Most of all, no digital coin is traded on their platform.

Advantages

  • The broker offers multiple deposit and withdrawal options and they include PayPal.
  • They offer Islamic accounts.
  • Expert advisors and PAMM services are allowed.
  • Trading is done on MT4.
  • Demo account is available for beginners.
  • They conduct webinars for their clients.
  • There are 4 types of live accounts.
  • There is NDD execution.
  • Their spreads are competitive.
  • Their platform has been optimized for mobile so you can trade on the go.
  • Their trades are commission-free

Disadvantages

  • The biggest disadvantages is that this broker is not regulated and does not hold any operating license.
  • It does not offer any support for cryptocurrencies.
  • It offers only MT4 so there are no trading platform options.
  • Their website supports only English language.
  • They offer support in only English language.
  • Traders from the United States are barred from the service.
  • There are many negative reviews about their service.

Conclusion

Regardless of how many advantages this broker offers, not being regulated and not having an operating license collectively outweigh the advantages. This means that they can disappear with traders' funds anytime and no authority can question them. Although the broker is not recommended, if you want to trade on their platform because of their advantages, don’t deposit more money than you can lose and never let your money accumulate. Continue to withdraw your profits.
 

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