Capital One Forex Review

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 The rebate can be withdrawn at any time.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.

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Features

The best feature at Capital One Forex is its variety of different bonuses and promotions. It rewards its clients with welcome bonuses, volume bonuses and credit bonuses. There is even a small-$10—rebate bonus for every lot traded in an account. The choice of platforms includes the ever popular MetaTrader4 and several mobile platforms including the cTrader mobile platform all of which can be easily downloaded and used for trading any time and from any place throughout the world.

Company Information

  • Broker's Name : Capital One Forex
  • Headquarter : Canada
  • Regulation : None

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:1000
  • Commissions / Spreads : Spreads
  • Account 1 : Micro
  • Account 2 : Gold
  • Account 3 : Platinum
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, cTrader
    • Platform Languages :
      • Multiple Languages
    • OS Compatibility :
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • Multiple Languages
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

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Platforms

MetaTrader 4

MetaTrader 4 is a trading platform that is considered to be the friendliest and most sophisticated in the world, with emphasis on advanced technical analysis. The platform enables the analysis of market processes and fluctuations, and enables traders to select the tools that will be included in the various graphs that serve to formulate the appropriate trading strategy.

The MT4 platform supports trading in English and in a wide variety of languages. Traders have full control over open transactions from the main screen of the software without needing to go from screen to screen. They can view graphs simultaneously in flexible presentation of size, color and time and the platform saves and loads personal job templates automatically, to economize on repetitive definition times.

Mobile

The MT4 platform can be used on Androids, iPhones and iPads. Traders can enter instant and pending orders, view past order history, modify trade, monitor live orders, set stop-loss, take-profit, see tick chart in real time, use one-click execution for market orders and more.

MT4 Mobile Platform
MT4 Mobile Platform

cTrader Mobile

With cTrader, traders can manage their account from anywhere in the world by using the cTrader Mobile Web for phones and tablets

This portable version of cTrader can be downloaded and then accessed from any iOS or Android device so traders can place trades and open or close positions and order from anywhere in the world.

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User Reviews

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