CapricornX (also known as CapricornXPro) has been flagged by British Columbia Securities Commission 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.
CapricornX (also known as CapricornXPro) 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: Helpful community forum|Dividend tracking
Cons: Email notifications too frequent|Slow to add new assets
The spread at CapricornX (also known as CapricornXPro) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them while looking for alternatives to my previous provider and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|Multi-device support|Social trading features|Regular updates
Cons: Would like more payment methods|Limited demo account features
If you are reading this considering CapricornX (also known as CapricornXPro) - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over for the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Customizable dashboard|Copy trading available|Personal attention
Cons: Could offer more webinars|Research section could be deeper
I was about to invest with CapricornX (also known as CapricornXPro) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. British Columbia Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
KYC with CapricornX (also known as CapricornXPro) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Professional team|Easy to use platform
Cons: Desktop app not available on Linux|Limited ETF selection
I was contacted by CapricornX (also known as CapricornXPro) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After spending for close to eighteen months trying to make CapricornX (also known as CapricornXPro) 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: Fast execution|Multi-currency support|Easy to use platform
Cons: Minimum deposit could be lower