CapitalXTrade came recently into the trading arena but for all the wrong reasons. Suspicions of transparency, safety, and regulation all together make investors ask, “Is this a legitimate broker or just another fishy platform?” The CapitalXTrade review brings forth significant warning signs, client experience, and regulatory concerns that reflect upon the dangers this company poses.
Company Name – CapitalXTrade
Website – http://capitalxtrade.com/
Address – NA
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Is CapitalXTrade Regulated?
CapitalXTrade claims to offer access to forex and crypto markets. There is, however, no verifiable proof for the existence of oversight by any trusted authority. Indeed:
- ASIC (Australia) has blacklisted the broker.
- The FMA New Zealand has also issued warnings against the firm.
This lack of regulation greatly jeopardizes your funds. Through good regulatory licensing, brokers are held to very high fiduciary standards and rules to protect clients. CapitalXTrade fails this test of critical importance.
What Are Traders Saying?
Reviews that have been written make for disturbing reading. Indeed, a good number of independent sites have been receiving complaints against CapitalXTrade for its unethical actions; here are a few:
Negative Experiences:
- “Well it appears this thriving business has shut shop with my money and I’m sure a lot of other people’s hard-earned money.”
- “Your fingers can’t touch it the website is down.”
- “Stephen Baker or is it Stephen Shaw? Non-responsive emails, total silence.”
- “I would give Zero if I could. They have been harassing me with nonstop calls and emails despite me saying no.”
Many investors have turned to third-party services such as VerdictVista for assistance in recovering their lost money.
Trust Score and Reputation
With a Trust score of 1/100, CapitalXTrade is seen as an indicator of bad user satisfaction and perhaps shady practices. This in itself reflects not merely a lack of quality service but also pending complaints and unprofessional conduct.
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