Capex Review

Capex started operations in 2016 and as is now the norm with many brokers, has split up its operations to provide a more customer-centric product display for its FX and CFD brokerage services. Capex is one of the few brokers that has a valid license to offer crypto trading services, tailored towards its MENA market.

I. Background and Company Overview of Capex

Capex is a multiple award-winning platform which has been recognized by several industry stakeholders for its work in the last decade. It was voted the Best Fintech Broker for 2022 by Wiki Finance Expo, and also the Best FX Trading Platform in 2021 at the Forex Expo Dubai, a top-notch industry event. These awards go to show that Capex has a FX/CFD brokerage product that is making waves.

Here are some of what Capex has to offer:

• Advanced charting analytics and ability to use up to 10 charts simultaneously on the Capex Webtrader.
• Integration with TipRanks and Trading Central.
• Negative balance protection for all users.

II. Trading Platforms and Tools

Two trading platforms are offered by Capex.

• Capex Webtrader
• MT5

The Capex webtrader is a proprietary software from the Capex team with fully customizable features. Versions of this software are available for Windows and Mac users, and also as mobile apps. Capex Webtrader is also integrated with Trading Central and Tip Ranks, which provide actionable analysis for traders.

The MT5 provides advanced features that go beyond where the MT4 platform stops. Get access to more order types, Level II pricing, an economic calendar, and advanced drawing tools, all on your desktop, web browser or mobile phones.

Here are some tools available on some account types presented by Capex.

• An insider's view of hot stocks to trade, presented as a report.
• SMS alerts and advanced analysis by Trading Central gives the trader an edge, with some live trade calls made by the Trading Central team.
• Integration with Tradingview provides access to advanced charting options such as instrument overlay, 100+ indicators, more than 50 advanced tools for drawing and multi-chart layout (up to 8 charts).

III. Account Types and Spreads

The account types on Capex will depend on the entity you are trading with.

On the international brand, account types on Capex include the following:

• Essential account
• Original account
• Signature account

The Essential account comes with a $1000 minimum deposit requirement. This is a basic account type that does not provide the trader with some of the features of the other accounts. For instance, there is no access to Trading Central, and no SMS notifications from this 3rd-party entity. There is also no access to research tools or any special trading conditions.

The Original account starts from $5000 and has all the features of the Essential account, with the addition of access to special trading conditions, market research and meeting with the account officer three times a week.

If you are interested in the Signature account, you need to come up with $25,000 as minimum capital. You have access to all the perks of the Original account, and also get to meet one-on-one with your account representative every day of the week if you want to. You also get access to Trading Central's range of services.

If you are trading with the EU brand, there are some changes to the account types and these are described below:

• Basic
• Essential
• Classic
• Original
• Premium
• Signature

The Basic account has a minimum deposit requirement of 100 euros. As indicated, it is a basic account that does not offer many perks to traders. Access to the Capex Webtrader is not available and such traders are limited to using the MT5. Also, Trading Central's range of products are not available for holders.

The Essential, Original and Signature accounts retain the same features as with the international brand.

The Classic and Premium accounts have minimum deposit requirements of 2,500 and 10,000 euros, respectively. While Classic account holders have access to an advanced charting system by Tradingview for mobile applications and the Capex

Webtrader's multi-charting system, they do not have access to Trading Central's WebTV and SMS alert products, and ForexLive's market commentary. The Premium account holders have access to those features and more.

IV. Contract Specifications

What are the contract specifications of the assets listed for trading on Capex?

• TipRank's news sentiment report is accessible to all account holders.
• Maximum leverage on the global entity of Capex is 1:300. This is restricted by ESMA's rules to 1:30 for FX majors on the European/CySEC-regulated brand.
• There are zero-commission stocks and CFDs on fractional stocks which can be traded without leverage.
• Leverage on the EU brand for professional traders is set to a maximum of 1:300.
• All trades are commission-free on Capex.
• There is no information on the minimum spread for trades on Capex.

V. Security and Regulation

In the EU, the Capex brand is operated by Key Way Investments Ltd and is regulated by CySEC with license number 292/16. There is another office in Spain, which is regulated by the Spanish National Securities Market Commission with reg. no 129.

For other European regions that are not part of the EU, Key Way Investments Ltd maintains an office in Romania which is supervised by the Romanian Financial Supervisory Authority with reg.no PJM01SFIM/400013.

JME Financial Services is the operating entity of the international brand. This company acts as the intermediary between traders of Capex's international brand and the dealing desk at Safecap Investments Ltd, regulated by CySEC with license number 092/08. JME Financial Services is a South African company and is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) with license number 37166.

In the MENA region, Key Way Markets Ltd is the managing entity of Capex and is authorized and regulated by the Abu Dhabi Global Market's Financial Services Regulatory Authority. The company operates with license number 190005.

In Africa, KW Investments Ltd operates from Seychelles, where that country's regulator (Financial Services Authority) authorizes and regulates the brand with license number SD020.

Residents of the EEA are advised to open their accounts with the European brand, as onboarding on the international entity may be a bit complex. Residents of the US, Canada, Belgium and other countries where trading of forex with foreign entities is prohibited, are unable to operate accounts with Capex.

VI. Customer Support and Education

Customer support on Capex can be reached via the following options:

• Email: support.za@capex.com (SA); support@capex.com (Cyprus, Spain, Romania)
• Phone: +27 100 065 481 (SA); +357 22 000 358 (Cyprus); +40 312 295 982 (Romania); +349 10 607 360 (Spain)
• Live chat

Conclusion

If you want a broker that takes the time to differentiate its product offering by account type or by jurisdiction, thus giving you greater power of choice, then Capex is one to consider. There are loads of options to suit every kind of trader on Capex.