Stockfx Capitals has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering Stockfx Capitals - run. I wish I had read more negative reviews through a podcast recommendation. I thought the positive ones were real. Maybe some are. My experience over for roughly four months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multi-device support|Regular platform improvements|Segregated accounts|Real-time alerts
Cons: No phone support on weekends
The so-called education at Stockfx Capitals 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 a few weeks now thinking they would help me learn.
Pros: Low minimum deposit|Multi-currency support|Fast execution
Cons: Limited ETF selection
I signed up with Stockfx Capitals through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Great customer service|Clear documentation|API access
Cons: No phone support on weekends|Charting tools need more indicators
After seeing ads for Stockfx Capitals online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Stockfx Capitals recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Great customer service|Fast deposits
Cons: Mobile app could be improved