Capital City Markets Review
Capital City Markets has two main types of live trading accounts: Micro and Standard (ECN), plus a managed and a wallet account. There is also a free demo account.
The broker offers free VPS for traders who trade at least 5 lots per month. Hedging and scalping is allowed.
The tradable portfolio of more than 90 instruments, including forex and CFDs.
The company. Security of funds
Company Country Regulation
Capital City Markets Vanuatu VFSC
Capital City Markets is one of the hundreds of forex brokers registered and regulated in the offshore zone Vanuatu. Like most such places, the Pacific island offers no corporate tax and extremely simple registration process, with no questions asked. This makes it an attractive location for companies who are seeking to cut a few corners, save a few bucks or to lure unsuspecting clients to give them their money and then disappear. Those considerations must be kept when choosing a forex broker and we advise our readers to avoid offshore brokers.
There are many properly regulated brokers with good reputation that offer favorable trading conditions and dealing with them is generally less risky. Of course, not all regulators offer the same level of client protection and strict oversight, but UK’s FCA and the Australian Securities and Investment Commission (ASIC) are among the most respected.
Capital City Markets offers the most popular trading platform – MetaTrader (MT4). There is only the desktop and mobile version of the software. Unfortunately, the broker does not offer the web version, which can be used for trading without downloading and installing any software.
MT4 has been around for over 10 years and it seems its popularity is not waning, at least for the time being. It is user friendly, has many options, charting and analysis tools and allows hedging and automated trading. Perhaps eventually its successor MetaTrader 5 will replace it, as the developer MetaQuotes Software said it is stopping support for MT4 in order to focus its resources on MT5.
Capital City Markets offers several payment methods. They include bank transfer, credit and debit cards, as well as the online payment systems Skrill, Neteller and Trustly.
Capital City Markets is an offshore broker that does not offer anything spectacular – neither as trading conditions, nor in terms of any additional extras. We could not find specific information for any bonuses or promotions either, so there really is no reason to choose this broker over another, especially considering that it is an offshore company. It is true that the high leverage offered by the broker could be rather attractive, but there is also the risk of losing a lot in just one trade.
Capital City Markets Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about Capital City Markets Review.