Is CapitalBankMarkets a Scam?
CapitalBankMarkets is a New Forex Broker
Read 100% Updated CapitalBankMarkets Review –
Is This Broker Trusted or is it a Scam To Avoid?
Minimum Deposit, Platform & Bonuses – See Below!Read Full Review
|Official Website URL||www.capitalbankmarkets.com|
|Address||Bressenden Place, 14th floor, SW1, London, UK|
|Support Number||+44 20 3808 4678|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$250|
|Free Demo Account||Open FREE Demo NOW|
Capital Bank Markets Review
Capital Bank Markets is a London, UK based Forex broker that claims to provide a comprehensive and secure trading experience to investors from all over the world. The Capital Bank Markets team consists of some specialists with considerable experience in financial trading and market analysis, which should be a sign that traders will receive competent advice regarding all aspects of Forex trading.
Capital Bank Markets offers a wide range of investment accounts, designed to meet the trading requirements of various categories of traders − from absolute beginners to seasoned veterans. Via the intuitive trading platform with an easy to navigate interface traders are promised to be able to invest in assets from the four main asset classes of currency pairs, commodities, indices and stocks. However, while trading Forex is simple, long-term success and consistent profits depend on building good strategies.
Therefore, Capital Bank Markets has an Academy section on its website where traders should be able to find educational resources such as e-books, strategy guides, training courses, etc., which should help them optimize their investment methods and improve their results. Still, these materials are not of any practical use.
Is CapitalBankMarkets a Scam?
With the growing number of Forex brokers on the market, traders should choose carefully where they open an account. In order to avoid scams and dishonest brokers, it is advisable to research carefully exactly what services a broker offers and make sure they are the same as advertised on the website. Capital Bank Markets is possibly not absolutely legit Forex broker despite their claims to be dedicated experts that provide clients with all they need to achieve their financial goals. That is why, we would suggest that you find another, more reliable and authentic broker platform to trade with.
You can proceed with your choice, but our team recommends that you take a moment to read the full review on 24Option. You can do that Here.
Do not take our advice lightly, because 24Option could be the best choice for you, since it has a better overall score, according to our research, and offers assets and account types for every taste.
CapitalBankMarkets Minimum Deposit & Withdrawal
The Capital Bank Markets deposit and withdrawal procedures are slow, inefficient and doubtfully secure. To trade with this broker traders have to make a minimum deposit of 250 USD, EUR or GBP via credit card, debit card or bank transfer. Other currencies are also acceptable but they will be converted to the base currency according to the current exchange rates.
In order to withdraw funds users have to log into their account, click on the Withdrawal tab and fill in the Withdrawal request form. Requests are usually processed within 2-5 business days and to avoid any delays, one should make sure to send all the required identity verification documents. Also, users should keep in mind that all new accounts are subject to a 30 day withdrawal suspension period, after which withdrawals will be fully permitted. It is recommended to read the Terms & Conditions available on the Capital Bank Markets website for more details regarding the deposit and withdrawal policy.
CapitalBankMarkets Demo Account
Demo accounts is are designed to give traders the opportunity to try out the broker’s trading platform, get familiar with its features and learn how to navigate the interface quickly and efficiently. It also enables them to see if the provided services and features fulfill their requirements and will allow them to execute trades accurately. Trading in demo mode provides the practice and experience needed to minimize the risks of loosing funds later on when you start trading with real money.
To learn how to get a Demo Account, new traders should contact Capital Bank Markets’s customer support team but many users have issued serious complaints about this process in the Internet space.
Compare Capital Bank Markets
Here are a few brokers from our Top Recommended Brokers’ list that traders have accounts with:
24Option (read review) operates on an advanced trading platform. If you open a new account with them you get 5 Risk Free Trades, see here. Minimum deposit is only $250 which makes them quite popular, read more.
Capital Bank Markets Bonus & Promotions
Capital Bank Markets offers some bonuses to help traders improve their profitability. New investors are eligible for an up to 100% Welcome Bonus that will boost their account balance and give them more money to trade with, which in turn leads to higher potential payouts. In addition to the cash bonuses Capital Bank Markets also provides various other benefits depending on the type of account you have selected. However, this is only a theory and a marketing strategy, because in practice, there are no solid proofs that such bonuses exist for real.
These include personal account manager, training sessions with experts, free trading signals and extra educational resources. It is advisable to read the Terms & Conditions regarding the Bonus Policy to check what conditions may apply once users accept a trading bonus.
CapitalBankMarkets claims to be secured broker that will provide its clients with safe experience, but this is not exactly the truth we found. CapitalBankMarkets is not regulated by any authority which put you and your trading funds in a dangerous position.
A good thing about Capital Bank Markets is its great bonus system. This broker offers up to 100% bonus which sounds great until you read the fine print in the terms and conditions section. There you will found that there are special requirements for the amount of funds you have to trade in order to receive your bonus.
These and many more factors give us enough reason to believe that Capital Bank Markets is not the best choice you can make. We recommend you to check our top brokers list.