Capital Street FX Broker Reviews and Full Information

On-line since: 2002
Country of origin: Mauritius
Regulation: FSC of Mauritius
Payment options: bank wire, credit cards, electronic payment systems
Minimum account size: $100
Minimum lot size: 0.0 lot
Leverage: up to 1:100
Spreads: fixed, variable from 0.1 pip

About the company:

Capital Street FX is an offshore-based brokerage company that offers currency trading through the Desktop Terminal platform.

Company. Security of funds

In addition to trading more than 50 currency pairings and precious metals, Capital Street FX provides access to the Capital Trader trading platform, which is located in the Bahamas (ActTrader). Unfortunately, this broker does not offer commodities or CFD indices to its clients, and it does not support the MetaTrader 4 trading platform, which is the most popular in the online trading industry. The Financial Services Commission of Mauritius has issued a license to the broker in question (FSC). It is required by the supervisory authorities that all of the controlled companies maintain a minimum balance of 1,000,000 MUR (Mauritian Rupees) in their accounts. We do, however, advise caution when dealing with offshore-based brokers, as these firms frequently do not participate in customer compensation systems and, as a result, will not be able to refund customers' money in the event of a bankruptcy.

Trading conditions

Capital Street FX offers its clients four account types: Basic, Classic, Professional, and VIP. Traders can choose an account that corresponds to their trading plan and financial targets. In addition, trading microlots, a demo account and an Islamic account are available for traders.

Minimum initial deposit

It is sufficient to make a one-time investment of $100 to begin trading. Trading activities on the Basic account can thereafter be carried out by customers. However, if you have significant trading expertise, you can open a Professional account with a $1,000 deposit and begin trading immediately. The VIP account (which requires a deposit of $10,000) offers the most advantageous terms and conditions.

Spreads and commissions

The spreads charged by Capital Street FX are determined on the account type. Traders have the option of selecting either fixed or variable spreads. On the EUR/USD pair, the average variable spread is 1.8 pip, while the average fixed spread is 3 pip. As a whole, this is a standard offer throughout the industry. However, there are firms that offer clients more favorable terms, such as variable spreads in the range of 1.0-1.5 pip on the same currency pair, which are available to clients at an additional cost.

Leverage

In this company, you can borrow money at a rate of one to one hundred. Managers have the authority to approve a larger amount of leverage if the customer requests it.

Trading platforms

Capital Street FX, in contrast to the majority of brokers, does not support the popular MetaTrader 4 (MT4) trading platform, instead opting for the Desktop Terminal. The platform is offered in three different versions: desktop, web, and mobile.

To satisfy the needs of investors and traders, the platform has been designed with a customized interface, advanced technical indicators and diagrams/charts, integrated backup and reporting tools, one-click trading, multiple types of orders, and price reporting among other features.

Training

In addition to having access to the company's instructional resources, such as webinars, product reviews, and statistics, customers can also request assistance from their account manager.

Support services are available.

Live chat, phone, and email are all available for customer service inquiries. The broker maintains social media sites, where you can keep up with the latest news and updates from the company.

Methods of payment

Capital Street FX clients have the option of depositing funds using one of the following methods: bank transfer, credit/debit cards, or electronic payment systems, among others.

Advantages:

• demo account.

Disadvantages:

• offshore-based broker;
• MT4 unavailable.