Friday 26th April 2019

Capital Markets ECN Broker review

- March 2, 2019

Capital Markets is a broker company, which operates in 7 countries. It claims to utilize both traditional and innovative methods in trading currencies, precious metals, commodities, CFDs etc. Direct access to the market and assistance provided by competent managers/analysts are also on the list.

What is known about Capital Markets

Capital Markets positions itself as a leading-edge ECN broker company. In this context ECN stands for Electronic Communication Network[1]. It is a network employed globally by brokerage companies, financial/banking organizations and private investors.

Itscentralideais about computerizedorder placing for buying/selling various assets: Japanese yen, Australian dollar etc. ECN literally “cuts” a middleman, providing lower commissions, flexible trading hours, anonymity, automatic trading and so on.However in return it charges pretty considerable fees.

Assets that the company specializes in include:

No crypto-trading is available.

Deposit/withdrawal are possible through the means of Visa, MasterCard or E-payment service Tether. Except for Tether, all other ways of withdrawal are commissioned with 3% and take 1-3 days. Accepted currencies are only USD and Euro. Minimal deposit = $300.

The company promises painless money withdrawal and refunds, but only if both rules of Capital Markets and the financial laws aren’t violated by the client. If a user account shows no discernible activity during 1 month, CM reserves the right to refund the money.

Among its tools Capital Markets employs:

  • The platform Metatrader 5,
  • The maximum leverage of 1:500,
  • The highest spread of 8 pips,
  • Copytrading technology based on Copydeal platform,
  • Android/iOS mobile apps,
  • Independent/algorithmic trade,
  • Personal fin. news and analytical reviews.

Where is Capital Markets located?

The company’s central office isin New York State. Registration number:5263705. Besides CM has offices in:

  • London.
  • Moscow.
  • Dubai.
  • Hong Kong,
  • Tokyo.
  • Sydney.

New York office claims to have 4236 clients with volume trades, mio of 466423. In Hong Kong it’s 3766 clients&467754 volume trades, mio.

Nevertheless, Capital Markets’ management company Varalen CM LTDis registered in Marshal Islands and therefore isn’t directly regulated by the US laws. The fact that it’s highest leverage is1:500 contradicts the American legislation which sets max leverage at 1:50[2].

Besides not much is known about company’s activity, since it’s almost non-present in the news and no feedback is provided by its customers. The only available article says that Capital Markets won the title “The Best ECN Broker 2018” at Chinese Forex Expo[3].

[1]https://www.investopedia.com/terms/e/ecn.asp

[2] https://www.investopedia.com/articles/forex/011515/us-regulations-forex-brokers.asp

[3] https://www.financemagnates.com/thought-leadership/capital-markets-wins-best-ecn-broker-for-2018-at-china-forex-expo/

Newsium | Online Newspaper with Latest News © 2019 - All Rights Reserved