CapPlace
Basic Information
Pros and Cons
Pros
- Diverse range of trading instruments
- Leverage up to 1:200
- Utilizes MetaTrader 5 platform
- Operational experience of 2-5 years
- Customizable account types available
Cons
- Lacks regulatory oversight
- Withdrawal challenges reported by users
- Limited customer service quality
- No investor compensation scheme
- High frequency of complaints
Is CapPlace Safe and Legit?
CapPlace, registered in the Comoros in 2006, has between 2 to 5 years of operational experience. The broker offers a diverse range of trading instruments, including forex, commodities, cryptocurrencies, and more, with leverage up to 1:200 and spreads starting from 1.4 pips, utilizing the MetaTrader 5 platform.
Despite its operational history, CapPlace lacks regulatory oversight, which raises significant concerns regarding its safety and legality in the financial markets. The absence of a valid trading license suggests that potential risks may outweigh the benefits of trading with this broker.
Market feedback indicates a mixed reputation for CapPlace, with notable concerns about customer service quality and withdrawal processes. Users have reported challenges in withdrawing funds and limited transparency, leading to a number of complaints. While some users commend the guidance provided by representatives, the prevailing trend highlights significant dissatisfaction regarding the broker’s practices and a high frequency of complaints about withdrawal difficulties.
Is CapPlace a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
CapPlace does not hold client funds in independently regulated bank accounts, and there are no specified rules regarding segregation of assets. Additionally, the broker does not participate in any investor compensation funds or insurance schemes, further raising concerns about the safety of traders’ funds.
CapPlace Leverage
CapPlace offers a maximum leverage of 1:200 across all account types. Given its unregulated status, this leverage does not comply with local regulatory requirements, as there are no applicable client classifications under which the broker operates legally, making risk management a significant concern for potential clients.
CapPlace Withdrawal Review
How to Contact CapPlace?
Does CapPlace Have Withdrawal Issues?
CapPlace has garnered a mixed reputation, particularly regarding withdrawal processes. Users frequently report challenges in withdrawing their funds, leading to a significant proportion of complaints focused on this issue. Credible sources indicate that many traders have encountered difficulties, with some claiming they were unable to retrieve their capital. The broker’s responses to these complaints appear inconsistent, causing further frustration among clients. Moreover, there is a noticeable trend of repetitive complaints about withdrawals, which raises concerns about the broker’s operational integrity and safety. Additionally, CapPlace has not received regulatory penalties or warnings, but its unregulated status amplifies the risks associated with trading here.
Frequently Asked Questions
A1: CapPlace does not hold any regulated licenses, which raises significant concerns about its safety and legality in the financial markets. The absence of a valid trading license suggests that potential risks may outweigh the benefits of trading with this broker, so caution is advised for potential clients.
A2: CapPlace operates without any regulated licenses, which has been disclosed by regulatory authorities. This unregulated status indicates that it lacks proper oversight, increasing the risks associated with trading with this broker.
A3: CapPlace does not hold client funds in independently regulated bank accounts, and there are no specified rules regarding the segregation of assets. Additionally, the broker does not participate in any investor compensation funds or insurance schemes, raising concerns about the safety of traders’ funds.
A4: Yes, CapPlace has garnered a mixed reputation, particularly regarding withdrawal processes. Many users have reported challenges in withdrawing their funds, leading to significant complaints focused on this issue and raising concerns about the broker’s operational integrity.
A5: CapPlace offers various contact options for customer support, including phone support at +81 5031264259 and email at support@capplace.com. Additionally, they provide a 24/7 online chat feature for immediate assistance.
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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.