CapitalPanda Review Is CapitalPanda A Scam Or Legit Broker

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CapitalPanda Review: Is CapitalPanda A Scam Or Legit Broker?

CapitalPanda.com Review: this is the name of a Forex broker that is located in Cyprus. Is capitalpanda.com a legit Forex broker? With the increasing rise of illegal and fraudulent Forex companies, it is important that you read this review before deciding to trade with this broker.

When we perused the page for an address we found that the brokerage is located in Limassol, Cyprus. It is owned by Ox Capital Markets Ltd. Forex trading in Cyprus is regulated by the Cyprus Securities and Exchange Commission (CySEC) and all legitimate brokers in the country are to have a license from them.

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It turns out to be true that the parent company of the brokerage is registered under the CySEC and holds a license from the commission. As a registered company, CapitalPanda is mandated to follow rules put in place by the authorities. This is a big advantage as traders are advised to ensure the broker they choose holds some sort of license.

Advantages of CapitalPanda

The Forex broker mentions that it provides investment services for clients all over the world. They have both Forex and CFD trading platforms. Other benefits are fast customer support, professional multiplatform, possibility to trade 24/5, and considerable leverage.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

There is also an offer of a demo account to test their claims before investing in a live account. Their collection of trading assets is outlined on the page as well.

CapitalPanda Trading Platform

CapitalPanda offers traders the MT5 trading platform, which is an encouraging find. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are mentioned to be major currency pairs, commodities, stocks and indices. There is no option for traders who are more comfortable with trading digital coins. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

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Maximum leverages offered is 1:30 and while this may not seem generous, it curtails danger. High leverages can lead to huge loss of funds as well. Spreads are 3 pips on the EURUSD pairs and this is quite high and unfavorable.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on CapitalPanda

The means of making payments with this broker are: Bank Wire Transfer, VISA, and MasterCard. There is no mention of popular e-wallets and this is discouraging.

We make the above statement because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $100 which is within the obtainable average of $100 – $250 among brokers. Withdrawal fees are not mentioned and it is stated that there are no commissions.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is CapitalPanda Licensed?

Yes. CapitalPanda is licensed and authorized to trade in Cyprus by the Cyprus Securities and Exchange Commission. As a licensed broker, traders would do well to check out other aspects of the company before choosing it. However, fund safety is better assured with it than other unlicensed brokerages.

We advise our readers to always avoid unregulated brokers because they have no obligation to keep your funds safe.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

If you want to make an enquiry or get in touch with a customer care agent for assistance, dial: +357 25 030 536 or email: [email protected]

Conclusion

We have stated that CapitalPanda is a licensed broker in the location where it is based. The leverage it offers is also within the regulated boundaries but the spreads are high. The minimum deposit requirement is affordable but means of making payments are limited. It has the MT5 platform for trading and this is good. If you have anything to add to this Forex broker review, do so via the comment section.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

CapitalPanda review – Is capitalpanda.com scam or good forex broker?

CapitalPanda is a forex broker, regulated in Cyprus, offering a good selection of currency pairs – well over 60, as well as CFDs on various asset classes, including energy and soft commodities, indices and stocks with a leverage of up to 1:30 (which is in line with the latest pan- European regulations) and the MetaTrader5 platform. And you will be able to open a trading account with just 100 USD. Here are some details about their offer

Account type Min. deposit Max. leverage Spread s/ Payout
Standard Account $100 1:30 3 pips

CapitalPanda Advantages:

Regulated by CySEC

CapitalPanda is a registered brand name of Ox Capital Markets Ltd., a Cyprus Investment Firm (CIF), supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence No 274/15. See for yourself:

Trading with a properly regulated broker is of crucial importance for the safety of your funds. Unlike offshore brokers, regulated brokers are obliged to keep all clients funds in a segregated, separate from their own, trust account, to guarantee traders a negative balance protection, to file regular reports, to allow external audits and even to insure some of the trading capital.

Thus, traders dealing with a CySEC regulated broker will also benefit from an Investor Compensation Fund – a special client compensation scheme, that will guarantee up to 20 000 EUR of your funds even in the unlikely event your broker happens to be insolvent. So here you may check our list of brokers regulated in Cyprus:

The spread on the benchmark EURUSD pair is said to be 3 pips (no trading commission taken) and we find that a bit saltier for our taste. Bear in mind that spreads are considered attractive only if they start below 1,5 pips without a commission. So here you may check our list of brokers offering tighter spreads:

CapitalPanda is a legit and properly regulated broker, where your deposit will be safe. And they also offer a wide variety of trading instruments on a highly reliable platform – the MetaTrader5. On the negative side however, their spreads could have been much more tight.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Flixgm.com Review: Is FlixGM A Legit Forex Broker?

FlixGM Review: this is the name of a Forex broker that is located in the offshore region of Seychelles. Is Flixgm.com a scam Forex broker or a legit one? There are many brokers out there and some are run by scammers, this is why you should read this review.

The location provided for the broker on the page is an offshore location, Seychelles. Forex trading goes on without regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

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Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

Advantages of FlixGM

The company promises to make financial market easy for normal people and to help them get financial liberty. They also claim that they will change a trader’s view of the Forex and financial markets.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

A promotion or bonus is also advertised on the page. New accounts are in line to benefit from this as well as an education forum. Clients will get to know how to use financial tools and instruments.

FlixGM Trading Platform

The trading platform that clients of FlixGM use is not mentioned. We discourage traders from using web-based trading platforms and instead opt for brokers offering either MT4 or MT5. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are not mentioned and we only come across mention of Forex. It may not be of advantage to traders who are used to trading other assets. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is 1:200 and while this may seem generous but they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are 2.8 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on FlixGM

There is no mention of the means by which deposits and withdrawals are to be made for trading with this company. This is discouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is placed at $250 which is within the obtainable average of $100 – $250 among brokers. Withdrawal fees are not disclosed and we prefer the broker to mention if they apply or not.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is FlixGM Licensed?

No. FlixGM is not a licensed broker and is not registered under any recognized commission. The location where it is based is also a red flag as we have explained in the opening part of this review.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To reach the customer care agent of this broker, dial: +420228886380 or email either: [email protected] or [email protected]

Conclusion

The broker is not licensed and we advise our readers to avoid trading with such. FlixGM does not inspire confidence with the lack of necessary details we come across while going through the website. It is discouraging that the broker does not tell traders what the trading conditions are before they get involved with it. If you have anything to add to this Forex broker review, do so via the comment section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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