SummaryAfter a detailed research we cannot confirm that this broker is safe. We recommend you to Proceed to Safety with Trusted & Approved Binary Options Broker. Alternatively you can Skip the content and See the Conclusion.
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Launched in 2015, ChromexCapital is one of the newest binary options brokers on the market. The broker is owned by Chromex Capital Limited and they are located in the Marshall Islands. The broker is relatively new and it is not surprising that they are not licensed. They have an average looking website which also didn’t appeal to us. Nevertheless, we conducted a research to find out whether if they are legit or simply a scam. Read this full review to know more about Chromex Capital.
Is ChromexCapital a Scam?
Chromex Capital is not a broker that is widely known among traders. One of the reasons could be that they are not regulated. They don’t hold licenses from any financial authority such as CySEC or FCA. There are some auto trading systems that redirect traders to this broker when they try to avail the software. They may not be a scam, but at the moment we don’t have much information about them to prove that they are safe and reliable.
The trading platform that is offered by ChromexCapital is very basic. There are not many assets to trade and the features are also pretty simple. The instrument types they offer for trading include Touch/No Touch, Boundary, High/Low and 60 Second trades. They have an educational centre that consists of information on how to trade, but we think that the learning material is only good enough for someone who doesn’t have any knowledge in binary options trading.
Account Types and Bonuses
When we tried to open an account with Chromex Capital, we were taken to the registration page where we had to fill out our details and submit the form. There is no information on their website about the types of accounts traders can set up. This is the reason we assume that it is possible to open only one type of standard account. Information about bonuses and promotions is also missing.
How to Get Started?
- Sign Up – To sign up with the broker, you have to complete and submit the registration form.
- Trade and Profit – A deposit must be made by the trader to start. Once a deposit is in place, it is possible to execute trades and see if profits are made.
- Withdrawal – the last step is to fill out a withdrawal form and get your earnings.
Deposit and Withdrawal Procedures
The minimum deposit amount is $200 and the minimum withdrawal amount is $100 which is pretty steep. The first withdrawal each month does not attract any fees, but for others, traders have to pay $30. Withdrawals are processed to the same account that was used for making the initial deposit. Credit cards and bank wire transfer methods are available for making deposits and withdrawals.
ChromexCapital has a customer support team that can be reached via phone and email. We also see that they offer live chat service but when we clicked on the link, we didn’t get any response. Overall, we are not very impressed with their support service and this is another reason why we don’t recommend this broker at the moment.