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CAPEX Review Australia & Test 2021

Is CAPEX safe or scam?

Launched as a global brand in 2016, CAPEX has spent the last 5 years winning awards for trading excellence, most notably for it’s forex trading capabilities. CAPEX has partnered up with some of the most powerful entities.

CAPEX may very well be the most feature packed broker in Australia. More than just a CFD broker, CAPEX offers educational tools, a lucrative bonus structure, a free demo account, and more than 2,000 tradable instruments. But is CAPEX a scam? We at Wetten, are here to say no and prove it in our comprehensive guide and CAPEX review for Australia.

Offers and New Customer Experience – Rating CAPEX offers

We did discover a bonus structure during our CAPEX review for Australia. A first deposit bonus of up to $5,000 is possible, with an additional bonus of up to 20% of the deposited amount. CAPEX also has a refer-a-friend scheme – not uncommon among cryptocurrency exchanges these days – and the scheme sees users gain up to a 10% bonus. You can also access rebates on spreads. We noted during our CAPEX review of potential rebates of up to 12.5%.

As you’d expect from any reputable CFD broker, like in our eToro review, CAPEX does put their customers through a basic Know Your Customer (KYC) procedure. Opening an account with CAPEX was incredibly easy. To begin, we simply inputted the most basic of details – name, number, email and were instantly grated access to the free demo account. A pop-up in the demo account requests that we complete the verification process in order to proceed with a real-money trading account. This only involved a few short steps and basic documents were required – a government ID and proof of address.

Usability – Is CAPEX easy to navigate?

During our CAPEX review in Australia, we found navigating the platform to be very easy, but at times the content can be a touch overwhelming – unlike simpler exchanges like Coinbase Pro. We mean this is the best possible way – at times, we simply struggled to remember where a particular feature was located, just because there are so many.

The WebTrader is very simple to understand after a bit of training and we certainly recommend using the demo account first. A lot happens on the screen at one time, and it can be daunting at first. With a small bit of experience, it is actually very easy to locate specific markets, and the trading window is utterly straight-forward. For those new to charting tools, a bit of education is required as it isn’t entirely intuitive at first.

Thankfully, where the useability requires a learning curve, the educational tools more than make the difference to help novice traders.

Accounts – CAPEX Rating

When opening an account at CAPEX, you’ll be asked to choose from either a CFD account or a QuantX account. QuantX is a new product from CAPEX and is a new way to invest in high performing stocks and intelligently build your portfolio. There are more than 900 brands to invest in using the QuantX platform covering over a dozen sectors. Essentially, think of the QuantX platform as your personal investment assistant with custom analysis and signals.

QuantX is an exciting new platform, but the CFD account is what CAPEX is all about. There were no costs for opening an account during our CAPEX review in Australia and we found 5 unique levels of accounts: Basic, Essential, Original, Premium and Signature. The basic, Essential, and Original accounts do not have access to the advanced trading tools provided by Trading View but do get varying degrees of market research tools.

In terms of actual trading, the accounts don’t differ too much, and you won’t lose out just by having a lower-tier account. The most notable difference as you rise up through the account levels is your access to more advanced research tools and the ability to hold multiple accounts – essentially, if you are a general retail trader or a beginner, you don’t need to aim for one of the top 2 or 3 account types.

Finally, CAPEX also offers swamp-free Islamic accounts that can be requested by Muslim clients. Another added bonus of this broker is the free demo account too – and it’s even better than the Kraken Futures demo account.

Trading Platforms – Multiple ways to trade

During our Capex Australia review, we tested both trading platforms. CAPEX features its own in-house WebTrader – the platform most investors will be using – and the well-known MetaTrader 5. The WebTrader is available on your web browser, as a desktop app on both Windows and Mac, and is also available via a dedicated mobile app for iOS and Android devices.

Using the WebTrader platform, traders can access the Trading Central tool which allows investors from Australia to view recommendations and analysis information from financial experts. Depending on your account level, the WebTrader also features TipRanks – a market intelligence tool that boasts market analyses from a variety of sources.

MetaTrader 5 may very well be the most well known and trusted online trading platform in the world. We’ve reviewed MetaTrader platforms extensively as many operators leverage the technology such as in our Eightcap review. MetaTrader 5 isn’t available on your web browser but is available on mobile devices and your desktop. The platform is known for its advanced charting capabilities and in-built analysis tools.

MetaTrader 5 features more than 2,000 custom indicators, 9 timeframes, and instant executions. Our CAPEX review in Australia notes that MetaTrader 5 is a must for the more serious or professional trader.

Trading Payments – Funding your CAPEX account

During our CAPEX review in Australia, we found several payment options available. You can fund your account through a credit or debit card, wire transfer, e-Wallets including Skrill and NETELLER, Paysafecard, and Neosurf. Some of these will probably be unfamiliar to Australian traders and most will use card payments. We found the deposit minimum to be set at $100 during our CAPEX review and deposit speeds were very fast.

Our credit card transactions were processed immediately and when we tested CAPEX using NETELLER our deposit was instant, but the withdrawal took up to 24 hours. Wire transfers, however, took around 3 – 5 business days to be completed. One drawback of CAPEX is that the Australian Dollar is not an accepted base currency and sometimes a 0.50% conversion fee may apply.

Fees – CAPEX fee structure    

First of all, it costs nothing to open an account during our CAPEX review in Australia. The minimum deposit was $100, and we saw no fees for making a deposit in Australia. The trading fees at CAPEX vary between the different instruments on offer and CAPEX offers more than 2,000. Most forex trades have fixed variables that can be as low as 7 AUD and swap fees apply for overnight holds. Stocks have variable spreads, as do cryptocurrencies, bonds, and ETF’s.

The fees are generally quite low, and users pay zero commission as the broker makes their money from the spreads.  We also noted fees for making withdrawals using any of the accepted payment methods. We did note an account in-activity fee during our CAPEX review of around $15 a month should an account be inactive for 12 months or longer.

Customer Service – 24/7 Australian Support

While we conducted our thorough CAPEX review for Australia, we checked the means of customer support also. The first channel that becomes immediately apparent is a Chat button at the base of the homepage. Clicking on it opens a Chat Box where traders can use a Chat Bot to discover new information about the website and how to navigate it. The Chat Bot is handy but doesn’t function much more than pointing you in the right direction.

There are no phone lines for Australian residents to seek support, but there is an email line offered by the Chat Bot and from within the WebTrader platform. Emails can be sent to support@capex.com. We were detailed in our queries and found the responses from support agents to be very relevant. It took on average around 48 hours to receive a response. We noted far better support at brokers such as AxiTrader Australia.

Regulation and Deposit Insurance – Is CAPEX Reliable?

Like many big global brokers and exchanges that start offering services in Australia, CAPEX is not registered or regulated by any authorities in Australia. Typically, this would be a major red flag and cause for major concern. However, CAPEX has a significant reputation and is registered and regulated in many other countries. Australia has incredibly strict regulations in the financial sector, so it isn’t necessarily unusual to see this.

CAPEX is licenced by the Cyprus Securities and Exchange Commission and is registered in more than 20 different countries including Denmark, Germany, Malta, and France. During our CAPEX review, we confirmed that CAPEX holds client funds in segregated accounts from the companies own corporate funds – meaning if the company loses its money, you’ll keep all of yours. Negative balance protection exists for all jurisdictions, and CAPEX maintains an exemplary record. We have found no previous CAPEX scam history and the company has an excellent reputation, especially in Europe.

Australian clients won’t benefit from the investor compensation scheme that CAPEX European clients enjoy, and complaints can be taken up with the FAIS Ombudsman. Reputation is an excellent indicator of a safe broker and CAPEX has partnerships with very iconic entities such as its proud sponsorship of Juventus F.C.

Additional Features – Is CAPEX Safe?

CAPEX leverages the latest in security protocols and the MetaTrader 5 is known for its 128-bit data encryption and server authentication processes. The additional trading tools at CAPEX are truly outstanding and act as one of the biggest advantages of trading at this broker. During our CAPEX review we ran through them extensively and we’re impressed by the sheer amount of educational and analysis content available to traders. The first of these amazing tools can be seen in the Integrated Tools section. You can access features such as:

  • Blogger’s Opinion – unique insights from more than 50,000 experts on market sentiment and trading strategy.
  • Insider’s Hot Stocks – An overview of the most traded stocks being either bought or sold by using the TipRanks feature at CAPEX.
  • Hedge Funds Activity – a tool that shows what the leading hedge fund managers are currently trading.

In the CAPEX Academy, investors can access a plethora of trading videos and written lessons. The range of content covered by CAPEX is incredibly vast and could very easily be used as a full educational training platform. The best educational tool at your disposal at CAPEX is the free demo account. Available upon sign up and before you ever verify your account, the free demo account lets you trade with $50,000 in virtual currency. The demo

Capex Bonds

Trade Offer - Trading bonds at CAPEX

There are 4 different bonds available to trade at CAPEX. You can trade in German 10year bonds, the UK Gilt, Ultra T-Bond futures, and 10-year US treasury note futures. At CAPEX bonds fall into 3 maturity dates of 1 – 3 years, 3 – 10 years, and longer than 10 years. Bonds are tradable as CFDs which means leverage is offered and you won’t have to pay for the entire position.

Trading Costs - Spreads as low as 0.06

The minimum spread can be as low as 0.06 and those spreads are variable. The amount of leverage available is up to 1:5 and the minimum trade size will be 1.

Product Summary - Four major bonds to trade

With 4 major bonds covering several countries, CAPEX is a great platform for new traders to experience bonds for the first time. Spreads are extremely low and leverage is also available for those with a little more experience.

Capex CFD

Trade Offer - Trading CFDs at Capex

At CAPEX, you can trade CFDs for forex, cryptocurrencies, shares, indices, bonds, ETFs, Commodities, and even Blends. Users can trade CFDs with varying degrees of leverage that is determined by their account status and the type of asset they are trading. Traders can also choose to use the CAPEX mobile app to invest in CFDs too.

Trading Costs - Fees involved

There are no real account management fees at CAPEX, but there is a no-activity fee for accounts that are inactive for more than 12 months or more. Spreads depend on the individual assets, but most are variable. There are however some fixed variables on forex pairs. There are no commissions and spreads can be as low as 0.01 pips. Deposits and withdrawals are also free from any charges, except a small conversion fee should you use a currency different to that of your payment type.

Trading Conditions - Varied trading times

Traders can expect to trade CFDs in the same marketplace as their actual asset counterparts. Forex is traded 24/5, while stocks are traded on specific exchanges, and cryptocurrencies benefit from 24/7 trading. Investors will be able to access plenty of copy trading-like tools and more advanced traders may wish to choose MetaTrader 5 for the advanced trading tools available. The WebTrader platform features a good level of basic trading tools as well for CFD trading.

Product Summary - Over 2,000 tradeable CFDs

With more than 2000 tradable CFD instruments across a wide range of asset classes, CAPEX is a very comprehensive CFD trading platform.

Capex Crypto

Trade Offer - Trading crypto CFDs

Cryptocurrencies are available to trade at CAPEX as CFDs, allowing traders to enjoy the supreme liquidity of the asset, without actually owning it and with the ability to short sell a highly volatile digital asset. There are more than 20 tradable cryptocurrencies including major assets like Bitcoin, Ethereum and Cardano, but also developing cryptos like Stellar and Tron. Cryptocurrencies can be traded 24/7 and CAPEX offers extensive educational tools to learn more about trading this popular digital asset.

Trading Costs - Crypto trading fees at CAPEX

Cryptocurrency trading costs are very low. CAPEX users will pay no deposit or withdrawal commissions and spreads start as low as 0.01 pips. Spreads are variable and the spreads vary quite a bit between the available assets. For example, bitcoin futures can be as low as 50 but Litecoin has a lowest spread of 0.7.

Trading Conditions - 24/7 trading

Again, cryptocurrencies are tradable on a 24/7 global marketplace and leverage is available up to 1:2. As a CFD, you can short cryptocurrencies which as such a volatile asset can be advantageous. Traders will be able to set up take profit and stop loss orders on cryptocurrency CFD trades. The minimum trade size on cryptocurrencies starts at 0.01 and can be as high as 100 – 500 for a small handful of cryptocurrencies.

Product Summary - More than 20 cryptocurrencies to trade

With more than 20 cryptocurrencies and trade sizes as small as 0.01 lots, CAPEX is a very handy cryptocurrency trading platform. CFDs allow you to short cryptocurrencies with leverage and extensive educational tools mean novice traders can learn more about the cryptocurrencies they can trade.

Capex Forex

Trade Offer - More than 55 currency pairs

CAPEX offers Australian residents more than 55 currency pairs as Contracts for Difference. Those tradable pairs include majors like GBP, USD, and AUD, minor pairs and even exotics too. Investors are able to buy and sell forex pairs at their live rate that is provided by different FX brokers from around the world. Forex trading at CAPEX is a 24/5 market through four trading sessions in Australia, Japan, UK, and the US. This means CAPEX traders can trade forex CFDs between Monday and Friday.

Trading Costs - Fixed and variable spreads

CAPEX spreads are a mix of both fixed and variable spreads. The average spread is about 1.8 pips and there is no commission to pay at all. Traders also benefit from zero deposit fees or withdrawal fees. We did find a 0.5% conversion fee for trading a currency pair other than your base currency. There is a $30 inactivity fee

Trading Conditions - Favourable trading conditions

There are quite favourable trading conditions for forex at CAPEX. Minimum trading sizes are 1,000 lots with the maximum leverage available being 1:20 on minor and exotic pairs, 1:30 on most major pairs, and 1:10 on some specific exotic pairs. Retail investors will begin with 1:2 leverage and professional clients can upgrade to 1:300. Trading hours begin at 21:05 GMT Sunday and end at 20:55 on Friday.

Product Summary - A great place for CFD trades

At CAPEX, traders can use two different trading platforms to trade in over 55 different forex CFDs. There are major, minor and exotic pairs to trade at both fixed and variable spreads that are below the industry average. The marketplace operates on the usual 24/5 and traders can apply from 1:2 to upwards of 1:20 leverage on their forex trades.

CAPEX Review Australia FAQ

📈 Can I access the full range of CAPEX features in Australia?

There is a seriously large number of features at CAPEX, and it may be the most feature packed of any broker available online in Australia. CAPEX is a global broker that operates in many jurisdictions and under several different licences or regulators. As such, the extent of features available in any one jurisdiction is subject to change and not every feature may be available. The best way to know for sure is to check with CAPEX using one of the customer support lines. 

💳 What is the best payment method for Australians at CAPEX?

As a major broker in Australia, CAPEX offers users several different payment methods to choose from. Which payment method you choose to use is entirely up to the individual trader. While each method has their merits, traders must weigh up factors such as trading goals, ease of use, and payout speeds to determine which method will suit their specific needs the best. 

💸 Can I buy actual cryptocurrencies at CAPEX?

CFDs are a unique way to trade cryptocurrencies without actually owning the underlying asset. There are many advantages to this type of trading but traders will not own the cryptocurrency that they buy. Some may consider this a disadvantage but this means that traders can short cryptocurrencies too.

Conclusion – Final CAPEX Ranking

Our CAPEX review in Australia has revealed one of the most feature-packed brokers in the Australian market. Very few brokers have such a deep range of educational tools and trading analysis insights than at CAPEX. CAPEX features two trading platforms that cater to different levels of traders. A free demo account is a major advantage at this broker as it helps with the steep learning curve of trading so many of the 2,000+ instruments available at CAPEX.

CAPEX is a perfect broker for novice traders because of its deep educational content, many means to copy-trading tools, and a free demo account that allows traders to mimic using the same real-life WebTrader, before they risk their own money trading online in Australia.

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