Capitalix Review – Report a chargeback against Capitalix if you are scammed by Capitalix
Capitalix is a deceitful company that appears to be legitimate at first glance, unlike many companies that we’ve evaluated. Their website seems fine, their Terms and Conditions are lengthy, and they’ve provided a license number for some form of the regulator, which may be offshore. Read this complete Capitalix review to know more about Capitalix scam.
However, the abundance of unclear terms and fees and the revelation that the license claims are a complete lie quickly dispel any sense of legitimacy. This broker will stop at nothing to steal as much of your money as possible, starting with fees before disappearing entirely. It’s best to avoid such fraudulent schemes if you wish to avoid any issues.
Capitalix Website – https://www.cptalix.com/
Address – Seychelles
Warning – Not recommended by review website like Enverra Capital
Domain Age –
| Domain Name | cptalix.com |
|---|---|
| Date Registered | April 15, 2021 |
| Domain Age | 2 years, 1 month, 24 days, 20 hours, 29 minutes, 47 seconds |
Is Capitalix legit or a scam?
Capitalix offers two addresses – one in Cyprus and the other in Seychelles. The company claims to be regulated by the Seychelles Financial Services Authority (FSA) and displays the regulator’s logo on its website. The footer also displays a license number. Even though Seychelles are offshore location with certain regulations that brokers must follow to obtain a license, finding Capitalix in the registers doesn’t guarantee much.
Capitalix Review: Trading Accounts
Capitalix offers five live trading accounts: Basic, Silver, Gold, Platinum, and VIP. Although the broker has not disclosed any information about the minimum initial deposit required to open an account, each account has unique features and benefits to suit traders’ varying needs.
Trading Assets
Capitalix boasts an extensive range of trading assets – over 150 in total – that span the financial markets. This includes forex, cryptocurrencies, stocks, indices, commodities, and metals.
Capitalix Review: Trading Conditions
It’s hard to determine the accuracy of a broker’s website promises without an account. We assume that Capitalix requires a deposit of $100, which is reasonable, however, there exist legitimate brokers that require even less. The website claims that spreads are as low as 0.5 pips but this cannot be verified. The promised leverage is up to 1:200, which is significantly higher than the limits imposed by most financial regulators. Trading with high leverage can yield immense profits, but it can also result in significant losses. This is why most financial authorities have leverage restrictions in place.
Deposit and Withdrawal Methods
According to their website, Capitalix accepts payments via credit or debit card, as well as bank transfer. While these methods are secure, be wary of transferring money to this broker since they are not reputable. Capitalix also offers enticing bonuses that legitimate brokers in Europe, Australia, and the US are banned from providing. However, withdrawing the bonus or any profits earned from it requires a high turnover of 200 lots for every $1000 received. The main issue is that it’s impossible to discern which profits were generated from the bonus and which were from your funds.
Furthermore, Capitalix imposes an inactivity fee, which is essentially a charge if you try to withdraw funds before being with the broker for 60 days. After those initial 60 days, if you stop using your account, you’ll be subjected to a dormant account fee that’s significantly higher than any legitimate broker would charge. Be cautious of these misleading claims and hidden fees when considering Capitalix as your broker.
Conclusion
Capitalix may not be the best choice for novice investors, despite its impressive advertising, due to the lack of proper regulations. It’s imperative to read the Terms and Conditions thoroughly. If you come across promises that seem too good to be true, they probably are.
Have you fallen victim to a scam broker like Capitalix? Taking action is critical! File a complaint against the scam broker by filling out a form on our website. Our experts will assist you in the fund recovery process.
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