TradeFxCapital 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.
The spread at TradeFxCapital is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Professional team|Easy withdrawals|Regular platform improvements
Cons: Would like more payment methods|Help articles are sometimes vague
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. TradeFxCapital said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Tax reports included|Portfolio tracking tools|Customizable dashboard
Cons: No fractional shares|Spreads widen during volatile periods
TradeFxCapital 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: Multi-currency support|API access|Dividend tracking|Comprehensive tools
Cons: Would like more payment methods
The reporting at TradeFxCapital is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Copy trading available|No hidden fees|Professional team
Cons: Limited cryptocurrency options|Spreads widen during volatile periods
I requested my data from TradeFxCapital under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: API access|Detailed reporting|Customizable dashboard
Cons: Cannot customize dashboard fully|Account statements could be more detailed
After using TradeFxCapital for a few weeks now, 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: Market news feed|Educational resources
Cons: Some tools only available on higher tiers|Withdrawal takes 1-2 business days
I am in a dispute with TradeFxCapital over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Automated trading options|Wide product range|Real-time alerts|Multi-currency support
Cons: Spreads widen during volatile periods|Wish they had more educational resources
After for nearly two years with TradeFxCapital, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Market news feed|Multiple order types|Fast support response
Cons: Some tools only available on higher tiers|Search feature is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that TradeFxCapital 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: Withdrawal fees demanded|Communication cut off|Not authorized
I opened an account with TradeFxCapital since early this year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Wide product range|Regular platform improvements|Easy withdrawals|Detailed reporting
Cons: Help articles are sometimes vague|Wish they had more educational resources