Forex PASHA Capital Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

PASHA Capital Trading Conditions

Registered Region Azerbaijan

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email office@pashacapital.az

Contact Number +994124934646

Website www.pashacapital.az

Balanced Review

Pros & Cons

Pros

Established in 2012 with a presence in Azerbaijan
Offers a wide range of trading products including currency pairs and commodities
Competitive spreads starting from 0.2 pips
Access to a proprietary trading platform
Minimum deposit requirement as low as $200

Cons

No valid regulatory oversight
High minimum deposit requirement of $10,000
Limited leverage options (maximum 1:50)
Single proprietary trading platform with no MT4/MT5 support
Complaints about cumbersome withdrawal process

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	PASHA Capital	Unicapital	InvestAZ	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Azerbaijan	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does PASHA Capital Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Classic Account	Beginners and casual traders	Low minimum deposit, competitive spreads	Suitable for small-capital practice; requires a minimum deposit of $200
Individual Account	Experienced traders and investors	Lower commissions, personalized services	Requires a minimum deposit of $10,000; ideal for higher trading volumes

Account Opening Process

To open an account with PASHA Capital, users must follow a straightforward process that includes submitting personal, employment, and financial information. Identity verification is crucial and requires documents like a valid ID and proof of address. This ensures compliance with necessary regulations and helps protect user accounts. Additionally, users have the flexibility to upgrade from a Classic Account to an Individual Account later, allowing for a more tailored trading experience as their trading needs evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.2	$7 (Classic) / $4 (Individual) per lot	Competitive spreads on major pairs
CFDs (Indices)	0.5	$0 (ECN: $3.5/lot)	Varies with market conditions
Cryptos (BTC/USD)	1.0%	0.1%	Fees can fluctuate based on market volatility

Other Fees

In addition to trading fees, PASHA Capital imposes several other costs that traders should be aware of. These include deposit and withdrawal fees, which may vary depending on the payment method used. There may also be inactivity fees if accounts remain dormant for an extended period. Platform usage fees are not applicable, as the trading platform is free to use. Additionally, overnight interest, or swap rates, will apply to positions held beyond trading hours, and currency conversion fees may be charged for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

PASHA Capital User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Amina Huseynova

Baku, Azerbaijan

★ ★ ★ ★ ★

I faced significant issues with the withdrawal process. It took weeks to get my funds, and the customer support was unhelpful and often unresponsive. I expected much better service.

Elvin Mammadov

Ganja, Azerbaijan

★ ★ ★ ★ ★

Terrible experience! I tried to reach out to customer support multiple times regarding my account issues, but no one cared to help. It feels like a scam, and I regret investing here.

Leyla Asgarova

Sumgait, Azerbaijan

★ ★ ★ ★ ★

PASHA Capital has a solid trading platform with competitive spreads. The execution speed is impressive, and I’m generally satisfied with the service. However, the user interface could use some improvements.

Ramil Aliyev

Baku, Azerbaijan

★ ★ ★ ★ ★

I’ve had a great experience with PASHA Capital! The wide range of investment products and the informative website made my trading journey enjoyable. Their research team is also very supportive!

Azerbaijan Market