Capital One Forex

Editorial Rating:
2.50
Accept US Traders:
No

Capitaloneforex.com

Capital One Forex is the product of a joint venture between a group of experienced FX traders. After working independently in the industry for a number of years the high earning professionals decided to pool their resources and create an online trading platform aimed at novice and experienced traders.

Citing its goal to become “the world’s favourite Forex broker”, Capital One operates a multi-lingual and multi-currency platform. Indeed, in addition to being fluent in Chinese, English, Arabic, Russian and Spanish, this broker’s platform is able to handle accounts in AUD, EUR, GBP, JPY and USD.

This diversity is not only cognisant with the company’s ethos, but conducive to a more attractive trading environment. Indeed, because Capital One Forex is able to offer a number of base currencies, it means many users are able to avoid exchange rate charges when depositing and withdrawing.

CapitalOneForex.com’s Special FX:

To help bolster its platform and make it the number one FX broker in the world, Capital One Forex has three lucrative reward options: a 400% deposit bonus, a 50% rescue payment and a $10 cash back system.

Like many online trading sites Capital One’s welcome reward is given in the form of trading equity and will be an amount that’s equal to 400% of the original deposit. Beyond this, the most interesting reward feature put forward by this broker is its rescue system.

For users who lose their initial deposit Capital One will refund 50% of the total. While this money isn’t eligible for withdrawal, it will give users the ability to continue trading and subsequently cashout any of the profits made from the rebate.

The Essentials:

Capital One Forex offers three main account options that all run through the MetaTrader 4 platform which provides provisions for hedging, in-chart trading, live data analysis as well as various orders and stops.
Depending on the level of investment and amount of risk a trader wants to expose themselves to, the following conditions are available:

Micro Account:
Minimum account size = $25
Minimum position size = 0.01 lot
Variable spreads typically from 1.2 pips with a minimum of 0.8 pips.
Scalping and Expert Advisors are allowed
Leverage = 1:500
Digits quoted after the comma = 5
Margin call level = 80%
Stop-out level = 50%
Number of currency pairs available = 65

Golden Account:
Minimum account size = $1,000
Minimum position size = 0.01 lot
Variable spreads typically from 1 pip with a minimum of 0.8 pips.
Commission charge (one-way) per standard lot trade = $5
Scalping and Expert Advisors are allowed
Leverage = 1:500
Digits quoted after the comma = 5
Margin call level = 80%
Stop-out level = 50%
Number of currency pairs available = 65

Platinum Account:
Minimum account size = $10,000
Minimum position size = 0.1 lot
Variable spreads typically from 0.8 pips with a minimum of 0.6 pips.
Commission charge (one-way) per standard lot trade = $5
Scalping and Expert Advisors are allowed
Leverage = 1:500
Digits quoted after the comma = 5
Margin call level = 80%
Stop-out level = 50%
Number of currency pairs available = 65

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