CAPITALX TRADES has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CAPITALX TRADES is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The so-called education at CAPITALX TRADES is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past year and a half thinking they would help me learn.
Pros: Helpful community forum|API access
Cons: Limited ETF selection|Cannot customize dashboard fully
The mobile app from CAPITALX TRADES is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Multi-device support|Regular platform improvements|Tax reports included|High security standards
Cons: No fractional shares
CAPITALX TRADES offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Copy trading available|Detailed reporting
Cons: Limited demo account features
CAPITALX TRADES had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Smooth onboarding|Clear documentation|Real-time alerts|Multiple order types
Cons: Research section could be deeper|Account statements could be more detailed
After spending for just over a year trying to make CAPITALX TRADES work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Social trading features|Regular platform improvements|Dedicated account manager
Cons: Nothing significant|Live chat only during business hours
Several red flags with CAPITALX TRADES: (1) They promise unrealistically high returns, (2) They're not registered with Comisión Nacional del Mercado de Valores, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Comisión Nacional del Mercado de Valores|Cannot verify credentials
I closed a profitable position at CAPITALX TRADES and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Social trading features|Demo account available|Instant funding
Cons: Limited cryptocurrency options|No fractional shares
After using CAPITALX TRADES for just over a year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Copy trading available|Professional team|Market news feed
Cons: Website design could be more modern
CAPITALX TRADES advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Automated trading options|Economic calendar|Good mobile app
Cons: Some tools only available on higher tiers|Website design could be more modern