July 11, 2020

KapitalSwiss Review – Is KapitalSwiss Scam or Legit?

kapitalswiss-review

Regulators: –

Cryptocurrencies: NO

Minimum Deposit: $250

Maximum Leverage: 1:500

Spreads: Medium

My Score: 1.9

Hello guys, I will present one to KapitalSwiss today. KapitalSwiss is really a Forex and CFD broker that lets its users to see the fiscal trading actions of different users and also create their own trades.

KapitalSwiss is possessed by Orion International Limited. As stated by the broker’s internet site, kapitalswiss.com, the business is situated in, Osloer Str. 3 9, 60327 Frankfurt am Main, Germany.

The broker is newly created and offering many different trading tools. The traffic of this broker’s internet site is low for today in the foreseeable future, it can develop.

Is KapitalSwiss scam or Great Forex broker? what are the accounts spreads and types? Can it be KapitalSwiss regulated? How good will be the trading conditions like minimum deposit, maximum leverage? You are going to have the ability to uncover answers to all these questions within this KapitalSwiss review.

Let’s begin with the law department that’s the most essential issue about this broker.

Regulation of KapitalSwiss

The site didn’t include any information about the law. This ‘s why I will express that KapitalSwiss is an unregulated Forex broker. The validity of this broker is low as a result of it isn’t authorized by any ruler.

This usually means that trading using this specific broker is just a serious danger. In case the broker needed a respectable permit, it’d surely release it. We are able to question its own authenticity since it doesn’t need this kind of permit.

If you ask me for my advice, I advise you to trade with a duly-regulated forex broker. There are a few globally renowned regulators like FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), also CySEC (Cyprus Securities and Exchange Commission).

These watchdogs guarantee that the security of one’s investment. Brokers that are governed by these must satisfy a few stringent fiscal rules. By way of instance, FCA-regulated brokers must hold needs to have partially 730,000 as minimum net funding.

On the flip side, ASIC-regulated brokers must keep minimum net capital of partially 1,000,000. Additionally, those capitals ought to be held in separate accounts from organizations ‘ operational funds.

Also, there is a compensation scheme for clients of the FCA-regulated brokers. It named as Financial Services Compensation Scheme (FSCS). The FSCS covers the client’s funds up to a maximum of 50,000.

Now, do you understand why you should always trade with regulated brokers? I am not saying all unregulated brokers are a scam but for your investment security, you should be away from them.

Account Types and Spreads

Although it is an unregulated broker, KapitalSwiss offers its clients four different account types. These are Micro, Standard, Premium and VIP.

kapitalswiss account types

Micro and Standard account types are commission-free and the spreads are from 1 pip on EUR/USD. Minimum deposit is $250 for Micro account. Standard account has a $2,500 minimum deposit. The maximum leverage is 1:500 on Micro account, 1:300 on the Standard account.

According to the accounts section on the broker’s website, if you want to open the Premium account you must pay a $25,000 minimum deposit. VIP account type has the highest minimum deposit and it is $100,000. The maximum leverage is equal 1:100 on both account types.

Spreads on the Premium account are from 0.6 pips and there is $6 commission per lot. VIP account’s spreads are from 0.2 pips and $6 per lot.

Trading Platforms

KapitalSwiss offers its clients MetaTrader 4 which is the most popular trading platform. You can use the MT4 on your desktop or mobile devices by downloading the application. However, you are able to use it on a web platform without installing any app.

The MetaTrader 4 is still popular because it has a user-friendly interface, advanced charts, various technical analysis, comprehensive real-time charting and indicator options, automated trading with Expert Advisor (EAs), and more features.

Trading Instruments

You can trade with KapitalSwiss MT4 platform on FX, Precious Metals, Indices, Commodities and Energies Markets. The website doesn’t provide extra info concerning those tools. By way of instance, there isn’t any information regarding whether the provider offers to trade using crypto coins.

Until this particular section I didn’t have to ask the broker’s customer service everything, but I had to ask about the instruments. Let’s see what happened next section.

Customer Service

Unfortunately, the live chat was offline and I had to send an email. I think the live chat feature is not active yet but it still stands as a tab beneath. If they respond me I will update this article and add their answer.

Deposit & Withdrawals

KapitalSwiss does not mention what payment methods they accept. I checked the broker’s website and there were only two methods. These are credit/debit cards and wire transfer.

Payment methods are very limited and this is a big disadvantage for KapitalSwiss. Many brokers accept various deposit methods.

Conclusion

KapitalSwiss is an unregulated broker. It claims to be based in Germany, but it is probably fake. The website and trading conditions are almost equal with some other scam brokers.

The broker offers the MT4 platform but when I downloaded the platform, I saw it is provided by a third party company.

You should be away from this kind of brokers not to lose your money to scammers.

KapitalSwiss

2

Trust

1.0/10

Commissions and charges

2.0/10

Customer Service

3.0/10

Platform & Tools

2.0/10

Product Portfolio

2.0/10

Pros

  • MT4 endorsed

Cons

  • Unregulated broker
  • Payment approaches are somewhat restricted