Ultimate Review of CapPlace Forex Broker
CapPlace is a forex broker regulated by the Mwali International Services Authority (MISA), offering a user-friendly platform for both beginners and experienced traders. It provides a range of financial products including forex, stocks, cryptocurrencies, commodities, and market indices. CapPlace is owned by Robertson Finance Inc. and is registered under the Comoros Union.
The broker offers several account types:
- **Silver Account**: Ideal for beginners with a minimum deposit of $250 USD, leverage up to 1:200, and standard spreads.
- **Gold Account**: Suited for experienced traders with a minimum deposit of $1,000 USD, leverage up to 1:200, and discounted spreads and swap fees.
- **Platinum Account**: For advanced traders with a minimum deposit of $5,000 USD, leverage up to 1:200, and the best spreads and swap discounts.
CapPlace also provides Islamic accounts free from swaps and a demo account for new traders.
**Trading Platforms**:
CapPlace offers two platforms:
- **WebTrader**: Accessible via any browser for easy trading.
- **Mobile Application**: Available for both iOS and Android, offering full functionality for on-the-go trading.
**Leverage & Costs**:
Leverage goes up to 1:200, and spreads start as low as 0.6 pips. Most accounts are commission-free, though certain higher-tier accounts may incur small fees. Islamic accounts are free of swap costs.
**Deposits & Withdrawals**:
CapPlace supports credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller. Withdrawals take 3-5 business days, with no withdrawal fees, although third-party charges may apply.
**Customer Support**:
Support is available 24/5 via live chat, email, and phone.
**Conclusion**:
CapPlace is a solid broker with a range of trading tools, competitive spreads, and strong customer service, though its offshore regulation may be a concern for some traders.
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