CapPlace
Pros and Cons
Pros
- Over 300+ trading assets including Forex, commodities, and cryptocurrencies
- Leverage up to 1:200 across all account types
- Multiple account types: Silver, Gold, and Platinum
- Trading platforms: MetaTrader 5 and proprietary mobile app
- 24/7 customer support through various channels
Cons
- No valid regulatory oversight
- High spreads starting from 1.4 pips
- Limited customer support options
- No educational resources for traders
- Withdrawal issues reported by users
Basic Information
User Reviews
CapPlace Overview
CapPlace is a forex broker established in 2006 and headquartered in Comoros. It operates without regulation, which raises concerns regarding its trustworthiness and safety for traders. The broker provides access to a variety of trading instruments, including forex, commodities, cryptocurrencies, and indices. However, its unregulated status means potential traders should proceed with caution and be aware of the inherent risks involved in trading with such a broker.
Is CapPlace Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| None | Comoros | No protection measures |
Is CapPlace Regulated and How Are Client Funds Protected?
CapPlace is currently not regulated by any recognized financial authority, which raises significant concerns regarding its legitimacy as a broker. Without regulatory oversight, clients face increased risks, including a lack of investor protection and a greater potential for fraud. The absence of fund protection measures means that client funds are not safeguarded, leaving investors vulnerable to potential losses. Therefore, trading with CapPlace carries inherent risks that traders should carefully consider.
Trading Products and Services
What trading instruments does CapPlace offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | 100+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
CapPlace offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different trading styles and levels of experience, from beginners looking to explore the markets to seasoned professionals seeking advanced trading options. By providing access to over 300 products, CapPlace enables traders to build diversified portfolios, allowing for flexible trading strategies that can adapt to market conditions. Whether you are interested in day trading Forex pairs or investing in stocks for the long term, CapPlace’s comprehensive offerings support a wide spectrum of trading goals.
Account Types and Trading Conditions
What Account Types and Fees Does CapPlace Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Silver Account | Beginner traders | Low minimum deposit, access to educational resources | Suitable for small-capital practice |
| Gold Account | Intermediate traders | Reduced spreads, higher leverage | Requires a trading volume qualification |
| Platinum Account | Experienced traders | Best spreads, premium support | Higher minimum deposit and trading volume requirements |
| Demo Account | All traders | Risk-free trading environment, practice features | Available for all users |
Account Opening Process
To open an account with CapPlace, users must follow several steps. First, they need to submit personal information, including their name, contact details, and date of birth. Next, applicants should provide employment details and financial information to assess their trading profile. Identity verification is crucial, requiring documents such as a government-issued ID and a proof of address. CapPlace allows flexibility in account management, enabling users to upgrade to a professional account if they meet the necessary criteria in the future.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 1.4 | $0 (ECN: $3.5/lot) | Standard spread for Silver account |
| Forex (GBP/USD) | 1.5 | $0 (ECN: $3.5/lot) | Competitive for major pairs |
| CFDs (Gold) | 1.5 | $0 | Standard rates for commodities |
| CFDs (Indices) | 2.0 | $0 | Standard market spreads |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Additional costs associated with trading at CapPlace include deposit and withdrawal fees, which may vary depending on the method used. An inactivity fee may apply to accounts that remain dormant for an extended period. Traders should also be aware of potential platform usage fees, overnight interest (swap rates), and currency conversion fees that can affect their overall trading expenses.
Trading Platforms and Apps
What Trading Platforms and Apps Does CapPlace Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo account, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Advanced charting tools, market depth, economic calendar, one-click trading | Demo account, API interface |
| Web Version | Any device with a browser | Login security, symbol lookup, price alerts, basic charting | Demo account |
| Mobile App | iOS, Android | Biometric login, real-time alerts, quick order execution, market search | Demo account |
CapPlace provides a variety of trading platforms to accommodate different trader needs. MetaTrader 4 is ideal for those seeking a widely used platform with essential trading tools, while MetaTrader 5 caters to advanced traders requiring more comprehensive features. The web version offers flexibility across devices, and the mobile app enables traders to manage their accounts on the go. Each platform emphasizes secure login methods, fast order execution, and efficient market search capabilities, ensuring a user-friendly trading experience.
Overall, CapPlace supports mobile trading effectively, allowing users to stay updated with real-time alerts and execute trades quickly, regardless of location. With a focus on security and functionality, the platforms are designed to meet diverse trading requirements.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1–3 days | No platform fee, 0.5% third-party fee | Min 100, Max 50k/day | EUR, USD |
| GrabPay | Instant | No platform fee, 2% transaction fee | Min 50, Max 5k/day | SGD, MYR |
| SPEI | Instant | No platform fee | Min 200, Max 30k/day | MXN, USD |
| Bank Wire Transfer | 3–5 days | No platform fee, 1% international fee | Min 500, Max 100k/day | USD, EUR |
| Cryptocurrency Transfer | Instant | No platform fee, network fees apply | Min 0.01 BTC, Max 5 BTC/day | BTC, ETH, USDT |
Minimum Deposit
CapPlace requires a minimum deposit of $100 for standard accounts. This amount may vary depending on the payment method chosen; for instance, e-wallets have a lower minimum of $50. Additionally, specific account types such as VIP accounts may have different requirements.
How to Withdraw
To withdraw funds from your CapPlace account, follow these steps:
- Log in to your CapPlace account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw and confirm your details.
- Review any applicable fees and limits before submitting your request.
- Click ‘Submit’ to process your withdrawal.
- Monitor your account for confirmation and expected processing times.
Customer Support
CapPlace Customer Support Overview
Support Channels
CapPlace offers a variety of support channels to assist customers effectively. You can reach out to their support team via:
- Email: For detailed inquiries, customers can contact support at support@capplace.com.
- Live Chat: Instant help is available through their live chat feature on the website, allowing for quick resolution of issues.
- Telephone: Customers can call CapPlace at +81 5031264259 for direct assistance.
- Social Media: Engage with CapPlace on their social media platforms for updates and support.
Service Availability
CapPlace provides customer service around the clock, operating 24/7 to ensure that help is always available when needed. They also offer multilingual support, catering to a diverse clientele. Supported languages include English and Turkish, among others.
Additional Resources
To further aid their customers, CapPlace offers additional resources such as video tutorials, webinars, and market analysis to enhance trading knowledge and experience.
Frequently Asked Questions
CapPlace currently operates without any regulatory oversight, which poses potential risks for clients. It is essential for traders to be aware of this lack of regulation when considering trading with CapPlace, as it may affect fund security and overall trading experience.
CapPlace offers leverage up to 1:200 and spreads starting from 1.4 pips. They provide a variety of account types, including Silver, Gold, and Platinum, which cater to different trading needs. However, it’s important to consider the unregulated status of the broker when evaluating these trading conditions.
Given that CapPlace is unregulated, there is limited information on specific security measures for client funds. It is advisable to conduct thorough research and practice caution when depositing funds with any broker lacking regulatory oversight.
CapPlace offers customer support through various channels, including a dedicated email at support@capplace.com, phone support at +81 5031264259, and a 24/7 online chat feature. However, users have reported mixed experiences, so it is recommended to assess the response quality before engaging in trading.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.