Capital One Forex Review
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  • Regulation : None
  • Country : Canada

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Info

Website : capital1forex.com
Established : 2012
Country : Canada

Advantages

  • Choice of Account Types
  • Islamic and Demo Accounts

Disadvantages

  • No Updated Data
  • No News Reports
  • No Analysis

Capital One Forex Review

Capital One Forex opened its doors to trading in 2012. Its headquarter location seems to be unclear but they list offices in Canada, Mexico and Japan as contact points. They are not regulated by any authorized regulatory body. Capital One Forex offers traders Forex, Commodities and CFDs.

Accounts

Capital One Forex offers a choice of several trading accounts with differing minimum deposit requirements, spreads and minimum trade sizes. $100 is needed to open a Micro account which has a spread of 0.60 and a minimum trade size of 0.01 lots.

The Gold account requires a minimum deposit of $1000, has a spread of 0.4 pips and the minimum trade size is also 0.01 lots. With a $10,000 deposit, a trader can open a Platinum account with a minimum trade size of 0.05 and a spread of 0.2 pips.

Capital One Forex offers an Islamic account which requires an opening balance of $500, has a spread of 0.06 pips and a minimum lot size of 0.10.

Account Types
Account Types

All the accounts have margin call level of 80%, can be used to trade on mobile devices, use STP/ECN processing and allow the use of EAs for trading.

A demo account is available but no information about it is provided.

Features

Marketing at Capital One Forex is done by offering several partnering solutions such as Money Managers, Introducing Brokers, White Label and Private Distribution Partner (PDP) for those who cannot control who their referred traders are and who want to monetize on their website traffic.

Bonuses/Promotions

Bonuses seem to be important at Capital One Forex and they are the first things one sees when opening the website.

A 150% trade bonus is given for minimum deposits of $250. This bonus is a tradable bonus, not a credit bonus but balance bonus. It can be used to trade with and support account positions and margin.

A 500% credit bonus will be given for a minimum deposit of $250. This bonus can be used as leverage only and the client can withdraw his deposit and the profits anytime the client wishes.

Another bonus is the $10 instant cash whereby a client can choose a "rebates account" and receive an instant rebate into their trading account. For every lot traded the client will receive $10. The rebate can be withdrawn at any time.

Education

Capital One Forex offers a somewhat limited selection of educational tools. There are textual lessons on a variety of subjects and detailed explanations on the basic concepts and ideas in Forex trading. Fundamental and technical analyses are explained in detail as a lesson but there is no real daily or weekly analysis posted on the site.

Forex Articles
Forex Articles

A clear spreads table is provided but no economic calendar of updated news reports.

Deposits/Withdrawals

Deposits can be made using a variety of credit and debit cards, wire transfers and a host of online payment plans such as Neteller, Skrill, CashU and others. A maximum of $10,000 is required for each deposit. The minimum deposit varies from $50 to $500 depending on the funding method chosen.

Withdrawals are made using the same methods as the deposits. Maximum withdrawals are usually $10,000.

Both deposits and withdrawals can be done directly from the website.

Customer Support

Traders can reach a customer support representative by telephone at any of the broker’s international offices. Email correspondence is also available. Skype and Chat are offered when the website is opened.

The website can be accessed in over 10 different languages, including Korean and Bengali.

Conclusion

Capital One Forex offers traders an easy trading environment. Unfortunately, there seems to be quite a bit of information missing from the site and this is unsettling. The place of domicile is not posted, and there is nothing on the site to make one feel like any information that is present is updated as there are no news reports, no analysis of any kind and no economic calendar.

Advantages

  • Choice of Account Types
  • Islamic and Demo Accounts

Disadvantages

  • No Updated Data
  • No News Reports
  • No Analysis

Review info: Capital One Forex
Review Date:
Rating : 1.5
Reviewed By :