Capitalcore Information
Newly established in 2024, Capitalcore is an online forex broker registered in Saint Vincent and the Grenadines, which offers high leverage up to 1:2000 and a generous $100,000 demo account. Additionally, investors can benefit from competitive spreads without commissions. However, popular trading platforms like MT4/MT5 are not accessible at Capitalcore, for they only provide Capitalcore Exclusive Web trader.
Although the broker claims on its homepage to be regulated by the IFSA, our on-site investigation at WikiFX has revealed that it does not hold any valid regulatory license.
Pros and Cons
Is Capitalcore Legit？
Trading with a regulated broker is a crucial step in safeguarding your funds.
While this broker claims to be regulated by the IFSA on its official website, our verification has revealed that it is not overseen by a Tier-1 regulator within the European Union. IFSA, often based in offshore financial centers like Saint Vincent and the Grenadines, is typically associated with less stringent financial regulations.
Unlike renowned regulatory bodies such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC), IFSA is generally considered to provide a lower level of investor protection.
What Can I Trade on Capitalcore？
Capitalcore focuses on providing trading services for a wide array of financial instruments, such as Forex pairs (EURUSD, USDJPY, GBPUSD, AUDUSD, EURCHF), Commodities, Stocks, Futures Indices, and Cryptocurrencies, all offered as Contracts for Difference (CFDs).
Trading Account Comparison
Capitalcore's account types are primarily differentiated based on leverage, stop-out level, maximum number of positions, maximum credit, minimum deposit, and maximum lot size. And all the accounts are swap-free accounts and provide bonuses. Their demo accounts, which come with higher virtual balances, are a great way to experiment with different trading styles like swing trading and day trading without putting your capital at risk.
How to choose a suitable account is based on the following factors:
- Trading Experience
- Account Size
- Risk Tolerance
- Trading Frequency and Volume
Tailored for novice traders, the Classic account offers a high leverage of up to 1:2000, making it suitable for those with smaller capital. However, it has relatively lower limits on maximum positions and credit.
Designed for seasoned traders with substantial capital, the VIP account provides the highest maximum positions and credit, along with dedicated customer service. Although its leverage is lower than the Classic account, it offers greater flexibility and resources for experienced traders.
The Silver and Gold accounts cater to traders with intermediate experience, providing a balance between leverage, position limits, and credit.
Account Comparison Table:
How to Open an Account with Capitalcore？
Opening an account with Capitalcore is an easy and simple process:
1. Click the “Sign Up” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Capitalcore Fees
Capitalcore does not charge commissions or swap fees. Instead, costs are primarily derived from spreads, which vary depending on the trading instrument and account type.
For example, the spread for the EUR/USD currency pair is 1.5 pips for Classic and Silver accounts, 0.6 pips for Gold accounts, and 0.4 pips for VIP accounts.
Trading Platform Review
Deposit & Withdrawal Review
Investors can choose multiple payment methods from popular cryptocurrencies like Ethereum and Bitcoin, credit cards like MasterCard and Visa, or e-wallets like Perfect Money and PayPal.
The minimum deposit amount depends on the selected method, ranging from $10 for cryptocurrencies and Perfect Money to $50 for MasterCard, Visa, and PayPal.
Withdrawal requests for all e-wallet methods typically take between 1 and 24 business hours to process. While withdrawals are not processed on non-business days.
Capitalcore provides a promotional discount of up to 10% for traders who fund their accounts using cryptocurrencies. The company reserves the right to impose a withdrawal fee ranging from 0 to 10%. This fee is determined based on factors such as the client's trading history, transaction history, and trading strategy.
All withdrawals will be only paid to their source (where the deposit is coming from) , and profits will be disbursed by cryptocurrency or E-wallet.
Referral Program
Capitalcore's IB rebate program offers a lucrative opportunity for Introducing Brokers seeking to earn additional income. By referring clients to brokerages, IBs can receive a percentage of the trading commissions generated by their referred accounts.
Commission rates for some of their popular trading instruments:
- Forex Pairs (e.g., AUDCAD): $10 per standard lot
- Indices (e.g., US500 (S&P500)): $0.10 per index point
- Precious Metals (e.g., Gold): $10 per ounce
- Stocks and Equities (e.g., Adobe): $0.10 per share
For the complete commission schedule, please refer to their dedicated IB portal:https://Capitalcore.com/ibcomission/.
Customer Support Options
Capitalcore provides multiple channels for customer support, including phone, email, live chat, contact forms, and social media. While live chat is an option, initial inquiries are often handled by AI, making it difficult to reach a human representative promptly.
Other contact methods：
FAQs
Does Capitalcore offer binary options？
No, Capitalcore does not provide binary options trading services.
Are there any restricted countries for trading on Capitalcore？
Yes, there are certain restricted countries where Capitalcore does not offer its services. These countries include: Afghanistan, Bangladesh, Belarus, China, Iran, Kenya, Libya, Niger, Nigeria, North Korea, Pakistan, Palestine, Russian Federation, Somalia, South Africa, Sudan, Syrian Arab Republic, Ukraine, and Zimbabwe.
Does Capitalcore offer an affiliate program？
Capitalcore currently does not offer “Commission Per Clients” or “Commission per registration” affiliate programs.
Can I use MT4/MT5 indicators on the Capitalcore web trader？
No, MT4 and MT5 files are not directly compatible with the Capitalcore web trader.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
Eddie.HSN
United Kingdom
It took 2 days for my acocunt to be verified, they must speed up, time is not something we can trade!!! Other things work pretty well!
Neutral
2023-11-14
Amber.988
United States
I must say, I had a challenging time when capitalcore was transitioning to the new platform. However, now that the new platform is up and running, things are looking up. Although there are still some features that are yet to be completed. They've made a significant improvement to their service. I am quite satisfied.
Neutral
2023-05-08
Kerith
India
I do not put all my eggs in one basket and I have account in several brokers as I can't trust them easily. Capitalcore had lots of ups and downs up to now but they have always processed my withdrawals, even though not much fast.
Positive
2023-06-26
Kyle.C
United States
So, I've been using CapitalCore for a while now, and I gotta say, it's been pretty great. Their market analysis and educational resources have been super helpful in boosting my profits. The only downside is that their withdrawal process could be quicker, but hey, nothing's perfect. Still a solid choice for us traders!
Positive
2023-03-17
Donald1973
United States
Just uploaded my documents for verification, hope it turns out well, will get you updated later here about my experience. as of now the support department was helpful but a little slow .
Positive
2023-02-22
Jose4627
United States
the client area is really easy to use and not complicated at all. I like it. The rules are clear enough although there are some strict rules on news trading and scalping but mentioning the rules on the website helps clients to decide and care about their trading strategies. Thanks anyway
Positive
2023-01-29
Erin7954
United States
They offer great leverage and bonus. I do not like using the bonus and I have not used it yet. The verification process was slow. They kept me waiting for two days.
Positive
2023-01-08