Capital88 is an online forex and CFDs broker established in April 2017.
It is based in Marshal Islands and acquired by BT Ventures Ltd and located at Belite Brezi, Building 3, Sofia, Bulgaria.
Their phone number in United Kingdom is: +44 203 807 5460, and Argentina: +54 11 5217 5846.
Customer support email address is; firstname.lastname@example.org, and for withdrawals email; email@example.com
It is worthy to note that the Marshall Islands are popular for its virtually nonexistent authorization requirements and regulations.
This is probably due to the setup cost is low and it does not regulate forex trading.
This means that this broker is unlicensed and not legal and we also found that the broker has lately been banned by Spain’s regulator the National Securities Market Commission (CNMV).
Do not invest with Capital88 until you have read this review.
Capital88 Forex Broker Trading Platform
Capita88 gives its clients its web-based trading platform called TraderSoft.
There is no detailed information about this trading platform. We only found that it also alleges to offer the MetaTrader 4 trading platform which is available on desktop, web-based, or the MT4 software.
There’s also an Android application available and the broker promises to launch an iOS application soon.
What Capital88 Forex Broker Says it Offers
Capital88 claims it provides l over 1,000 financial assets from all 4 major markets and 2 trading instruments (CFDs and FX).
This broker also says it offers over 40 forex currency pairs, CFDs, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for investors private investment and trading options.
Standard leverage on Forex pairs like EUR/USD is 1:400, and the spread is around 3 pips.
Capital88 Forex Broker Account Types
This broker does not disclose its account types as well as its marketing conditions.
This is a major cause for concern as this feature of a broker should never be kept a secret.
Withdrawal and Deposit Methods
Capital88 withdrawal and deposit methods include:
- Bank Wire transfer
- Sofort Banking
And the minimum deposit is $250
Is Capital88 Forex Broker Licensed?
Capital88 is an unlicensed broker!
There is two various contact information on their site but we found no detail about their regulation.
Capital88 is not a regulated broker and to worsen it all, it is an offshore broker based in the Marshal Islands.
This tells that there are no regulatory bodies that monitor their activities to guarantee they stick to real and decent practices.
Complaints from most investors who traded with unlicensed brokers have always been withdrawal issues and we strongly believe that this will be the same for this broker.
And since they are not authorized and have no bodies they are answerable to, no regulatory bodies can fight for clients if they fall victim to this scam broker.
Avoid trading with this broker!