Fxcape positions itself as one of the largest CFD trading brands and a global broker, claiming to have been in operation for over 9 years. However, the number of reviews is too low, which contradicts such bold statements. Additionally, the company talks about having offices in several countries, but fails to provide any proof of this, such as missing registration documents. Let’s take a closer look at this organization, examine its trading conditions, and evaluate the presence of positive and negative signs. Can this broker really be trusted?

How to Trade

Clients can trade CFDs on stocks, currency pairs, metals, indices, commodities, and cryptocurrencies, including NFTs. The minimum deposit is $250, which varies depending on the chosen tariff, as do other conditions. Fxcape offers traders 6 types of accounts:

  1. Basic. Spreads from 0.9 pips, no deposit and withdrawal fees, leverage up to 1:500, $5 commission, and minimum volume from 0.01 lots.
  2. Pro. From $10,000. More favorable spreads, a swap-free option is available, and added benefits include weekly market reviews, a dedicated account manager, weekly live streams, and webinars.
  3. Gold. From $25,000. Even more advantageous conditions. Zero commission, daily signals, a portfolio manager, in-depth research, and 1-on-1 analyst support.
  4. Platinum. From $50,000. Same benefits as the Gold account, but additionally includes a customized account and membership of the expertly-managed account.
  5. Diamond. From $100,000. Owners of this tariff receive even more favorable conditions from Fxcape.
  6. VIP. From $250,000. Upon request.

Fxcape Vital Info

The company claims to have been operating for over 9 years, which, to put it mildly, does not correspond to the domain registration date. The domain was created in October 2023 – how did the broker operate without a website for all these 9 years? Seems strange, doesn’t it? Moreover, there are suspiciously few reviews online. Honestly, there are almost none. For the same reason, the fact stated on the Fxcape website about 3,000 active users monthly is also highly doubtful.

The broker lists several jurisdictions where its offices are supposedly located: the United Kingdom, Hong Kong, and the UAE. Also, at the bottom of the site, you can see that Fxcape is regulated by the Central Bank of the United Kingdom and HMRC. However, why is brokerage activity regulated by the Central Bank, when in the UK it is the FCA that is responsible for this? Quite strange statements from the company.


What are the key facts about Fxcape?

The broker assures us that it has been operating for over 9 years, but the domain was registered less than a month ago at the time of writing this review. The company also misleads by talking about regulation by the Central Bank of the United Kingdom, because in this jurisdiction, the Financial Conduct Authority monitors brokerage intermediaries. The fact about 3,000 active traders is hard to believe since online reviews are too scant. The business model is not disclosed, but there is no doubt that we are dealing with a 100% B-Book, or in other words, a dealing desk. Furthermore, the organization claims to have four offices, but only three addresses are listed in the “contacts” section. In short, everything is very strange and suspicious.

What's the risk to my wallet when working with this broker?

Most likely, the broker is not regulated at all, because real licenses are not provided, and links to registries are missing. So where is the license from regulators in Hong Kong and the UAE, not to mention the UK? The main risk with Fxcape is that client funds can be stolen. That is, withdrawal of funds may not be available. And one cannot ignore the business model with a conflict of interest, so the company may work against the trader because it is interested in their losses.

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