Read carefully this Capital One Forex Review to find out more about this broker. Top Forex Brokers tried to carefully collect all of the available information on this broker and we do not recommend you to trade with it. Continue reading this Capital One Forex Review to find out why.
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Capital One Forex Trading Broker at Glance
Capital One Forex is a broker based in New Zeeland with offices in 11 countries. It is a new company that didn’t have time to establish a reputation and a segment of loyal traders.
Capital One Forex Broker Accounts Overview
There are four types of accounts: Micro, Gold, Platinum and Islamic. The Islamic category is certainly a surprise since it is not available for many other brokers. The accounts are not very different except for the minimum deposit and for the fact that the larger ones have slightly reduced spreads. The traded commodities are Forex, CFDs and commodities. The supported accounts are denominated in AUD, EUR, GBP, JPY and USD currencies.
There is also an offer of 500% bonus on all deposits that sounds too good to be true and probably it is.
Capital One Forex Reviews of Trading Platforms
The range of platforms isn’t surprising. Being comprised of MetaTrader 4, WebTrader and versions for iPad and iPhone. It doesn’t have an in-house platform.
Capital One Forex Extra Features
The learning section is not very detailed. There are some articles about chart patterns and a glossary of terms, but no video tutorials. There is not even a separate section for the Learning Centre; instead we have a Partnership section that tells the advantages of becoming their partner.
Capital One Forex Reviews of Customer Support
Some of the customer support is actually spam, a window is opened when we visit the site even we didn’t have any question and we are looking for information. The support is offered to 9 countries through separate lines, and also by chat or by installing an application called TeamViewer support. Normally customer support shouldn’t install any software on your computer because it is unknown what data can it transmit if the privacy settings are not optimally set.
Capital One Forex Deposits and Withdrawals
Deposits and withdrawals can be made via credit cards, bank wire, Skrill, CashU, Neteller, Payza, Perfect Money, Web Money, Ego Pay, FasaPay, OK Pay, Solid Trust Pay, China Union Pay and DixiPay.
Capital One Forex Review Conclusion
Capital One Broker is a broker that must be carefully considered by traders before depositing money. We have to keep in mind that is not regulated in most of the countries where it has offices and some practices are suspicious, from the customer support that wants to install software on your computer, to the too good to be true bonuses that the traders receive. Only traders that reside in New Zealand should use this broker and even they should be careful and read all the news regarding the services and practices it offers.
