Introduction and Comprehensive Review of CapitalXtend Broker

Positive Aspects of CapitalXtend Broker

1. Excellent Persian-Language Website
2. Reasonable and Low Spreads
3. Attractive Bonuses and Rewards
4. 24/7 Persian-Language Support
5. Reliable Copy Trading System
6. Fast and Convenient Rial Deposits and Withdrawals

Negative Aspects of CapitalXtend Broker

• Very Limited Track Record

About CapitalXtend Broker

CapitalXtend, established in 2020, has quickly become one of the leading players in the online financial services industry. With a focus on innovation and providing differentiated services, the company aims to enhance customer experience in international markets. It is licensed and registered in Kazakhstan under commercial registration number 201240028219 (dated December 25, 2020) and holds a competency certificate from the Agency for Regulation and Development of the Financial Markets of Kazakhstan (dated February 24, 2021, file number 36-0-12/5/ЮЛ-C-265). This allows the broker to offer services to non-European users.

Additionally, CapitalXtend’s membership in the Financial Commission (a private regulatory body) further boosts customer confidence.

The broker offers a wide range of advanced trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader MT5, catering to the diverse needs of traders. Along with forex, CapitalXtend provides trading instruments in precious metals, energy commodities, stocks of major US and European companies, and cryptocurrencies. The broker also offers different types of trading accounts to accommodate various trading strategies.

Website and User Interface

One of the notable features of CapitalXtend is its well-designed, user-friendly website. The Persian translation is smooth and natural, which is a significant improvement compared to some automated translations found on other brokers’ websites. The broker frequently updates the website’s access addresses to avoid filtering issues in Iran, ensuring uninterrupted access for Persian-speaking users.

The broker’s user-friendly portal is another standout feature. Its comprehensive functionality and ease of use make it highly valuable for traders. However, the addition of two features could further enhance the user experience: leverage adjustment options and the ability to switch accounts to swap-free. These features would give traders more control over their accounts, improving the overall user experience and satisfaction.

CapitalXtend’s Credibility and Regulation

Three key factors are generally considered when evaluating the credibility of a broker: regulatory authority, length of operation, and customer complaints.

CapitalXtend operates as part of CAPITALXTEND GROUP LTD, registered in Kazakhstan with license number 201240028219, and regulated by the Agency for Regulation and Development of the Financial Markets of Kazakhstan. The broker is also registered with the Financial Services Commission of Mauritius (license GB23201599) and in Saint Vincent and the Grenadines (registration number 395LLC2020). It is a member of the Financial Commission.

Although these licenses alone may not be of the highest tier in terms of credibility, the combination of multiple licenses does provide a level of assurance.

CapitalXtend has been operational since early 2021, making it relatively young in the industry. However, the experience of its management team and staff could strengthen its position.

Regarding user complaints, no significant confirmed complaints have surfaced in internal or external sources. There was one reported issue related to swap abuse by a user in a Telegram group, which has apparently been resolved. Overall, CapitalXtend appears to be a reliable and secure broker.

CapitalXtend’s Trading Accounts and Spreads

CapitalXtend offers four types of trading accounts to its clients:

1. Standard Account: Requires a minimum deposit of $100 and is only available on MetaTrader 4. This account has no commission, and spreads start from 2.5 pips.
2. ECN Account: Requires a minimum deposit of $200 and is available on both MetaTrader 4 and MetaTrader 5. This account also has no commission, with spreads starting from 1.6 pips.
3. Pro ECN Account: With a minimum deposit of $500, this account is available on both MetaTrader platforms. It has a commission of $6 per lot and spreads starting from 0.1 pips.
4. Platinum Account: This account is designed for experienced traders with a minimum deposit of $25,000. It is available only on MetaTrader 4, has no commission, and spreads start from 0.1 pips. Only forex, metals, and indices can be traded, with a maximum leverage of 1:500.

Spread Comparison Across Accounts

CapitalXtend provides several account options, but the focus of most traders will be on the Standard, ECN, and Pro ECN accounts:

• Standard Account: Appears to have higher spreads compared to standard accounts at other brokers.
• ECN Account: Offers reasonable spreads that are generally comparable to standard accounts from other brokers.
• Pro ECN Account: With a $500 initial deposit and a $6 per lot commission, this account offers competitive spreads, making it suitable for traders who prefer lower spreads and are willing to pay commission.

In general, the choice of account depends on individual trader needs, and a detailed comparison of the spreads in each account can help traders make better decisions.

Tradable Instruments and Platforms at CapitalXtend Broker

After registering and creating a trading account with CapitalXtend, you gain access to a wide range of trading instruments designed to meet diverse trader needs:

1. Forex: With over 100 different currency pairs, CapitalXtend provides one of the broadest selections of forex pairs among brokers.
2. Precious Metals: You can trade 5 different metals, including gold, silver, copper, palladium, and platinum, available in 13 different symbols paired with major currencies.
3. Energy Commodities: Trade commodities like Brent crude oil, US crude oil, and natural gas.
4. Stock Market Indices: Access 12 major global stock indices, including Dow Jones, Nasdaq, and indices from Japan, Germany, the UK, Hong Kong, China, Australia, and Europe.
5. Company Stocks: Trade stocks of more than 90 large global companies, including Tesla, Apple, Google, Amazon, and Bank of America.
6. Cryptocurrencies: Around 40 cryptocurrencies are available for trading, including Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ethereum Classic, some of which are paired with major currencies.

This extensive range of tradable symbols provides a great environment for different trading strategies.

Trading Platforms at CapitalXtend

CapitalXtend provides access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Notably, Standard and Platinum accounts are only available on MT4, while certain assets such as stocks can only be traded on MT5 with Pro and Pro ECN accounts.

Download links for these platforms are available for various operating systems, including Windows, Android, and iOS, directly from the broker’s website. Additionally, a web version of MetaTrader 5 is available, which doesn’t require any download.

Issues that previously affected the MetaTrader platform on iOS devices have been resolved, allowing smooth usage for iOS traders.

Simple Registration Process at CapitalXtend Broker

To register and open a trading account with CapitalXtend, follow these steps:

1. Register on the Website: Visit the CapitalXtend website and start the registration process.
2. Submit Documents: After completing the registration form, submit the necessary documents for identity verification.
3. Wait for Document Verification: Your documents will be reviewed by the broker’s team.
4. Fund Your Account and Start Trading: Once your documents are approved, you can fund your account and start trading.
5. Download Trading Platforms: Download MetaTrader 4 or MetaTrader 5 for your device. Note that some accounts are only accessible on one of these platforms.

Make sure to adjust the language settings on the website to Persian if needed for a smoother experience.

Identity Verification at CapitalXtend

To verify your identity at CapitalXtend, follow these steps:

1. Log into the Dashboard: After logging into your CapitalXtend account, go to your dashboard.
2. View Account Balance: You can check your account balance here (initially, this will be zero if no accounts have been opened).
3. Begin Verification: Click the “Verify Your Account” option to start the process.
4. Submit Identification Documents: Upload two types of documents: one for identity verification and another for address confirmation. For identity, you can use a passport, driver’s license, or national ID. For address verification, upload utility bills (water, electricity, gas) or another official document showing your name and address.
5. Wait for Verification: Your documents will be reviewed by the broker’s team.

This identity verification process helps ensure the security and legitimacy of personal information.

Opening a Trading Account at CapitalXtend

After completing identity verification, follow these steps to open a trading account:

1. Select a Platform: From the menu, go to “My Accounts” and choose “Open Trading Account.” Choose between MetaTrader 4 and MetaTrader 5 platforms.
2. Choose Account Type: Select the account type (Standard, ECN, Pro ECN, or Platinum) based on your platform preference.
3. Decide on Swap-Free Option: Indicate if you want your account to be swap-free.
4. Select Base Currency: Choose the base currency for your account (used for deposits and withdrawals).
5. Set Trading Instructions: Choose the type of trading orders you prefer.
6. Select Leverage: Pick the leverage that best fits your trading strategy.
7. Confirm and Open Account: After reviewing all the options, click “Open Real Account.”
8. Receive Account Information: Your account details, including login credentials, will be emailed to you.

Advantages of Registering with CapitalXtend

By registering and using CapitalXtend, you can enjoy the following benefits:

• Access to a wide range of tradable instruments, including forex, metals, energy, stocks, and cryptocurrencies.
• Availability of advanced trading platforms (MT4 and MT5) to suit various trading needs.
• Competitive spreads and account types for different trading styles.
• 24/7 customer support in Persian for easy communication and assistance.
• Flexible deposit and withdrawal methods, including fast and convenient Rial transactions for Iranian users.

Special Benefits of Registering and Trading with CapitalXtend Broker

1. High Transaction Speed: CapitalXtend is known for its fast transaction processing, which is crucial for traders who need to react quickly to market changes.
2. Access to a Wide Range of Financial Instruments: The broker provides access to a variety of financial tools, including forex, stocks, commodities, and cryptocurrencies.
3. Low Transaction Fees: CapitalXtend offers competitive and low transaction fees, ideal for traders looking to minimize their trading costs.
4. Variety of Deposit and Withdrawal Methods: The broker provides several options for depositing and withdrawing funds, including Rial-based transactions, making it convenient for Iranian clients.
5. Persian-Speaking Support Team: CapitalXtend offers strong, responsive customer support in Persian, which is essential for quickly resolving any issues Iranian traders may face.
6. Automated Trading: The broker’s copy trading platform allows users to automatically copy the strategies of other traders.
7. 30% Deposit Bonus: As a token of appreciation, CapitalXtend offers a 30% bonus on new deposits.

These features make CapitalXtend a suitable option for a variety of traders, particularly those from Iran.

Review of Islamic Accounts and Bonuses at CapitalXtend

For traders interested in swap-free (Islamic) accounts due to religious beliefs or long-term trading strategies, CapitalXtend offers this option.

1. No Overnight Swap: In Islamic accounts, there is no overnight interest payment if your trades remain open until midnight. This contrasts with swap accounts, which may charge or pay interest based on the type of trade.
2. Islamic Account Conditions: In CapitalXtend’s Islamic account, if trades remain open until 10 PM, no interest is charged. However, from the 11th night onward, a storage fee might be applied depending on the trading instrument.
3. Opening an Islamic Account: To open an Islamic account, simply select the swap-free option when creating your trading account. This option is visible in the account setup form.

This type of account is ideal for traders looking to avoid interest payments due to Islamic beliefs or those who wish to minimize additional costs from holding long-term trades.

CapitalXtend’s Incentive Programs and Bonuses

CapitalXtend offers two attractive incentive programs for its users:

1. 30% Deposit Bonus:
   • Available for deposits over $100.
   • The maximum bonus amount is $300, and it does not apply to Platinum accounts.
   • This bonus is “loss-absorbing,” meaning it can help cover potential losses.
   • To activate the bonus, go to the promotions section in your user dashboard.
2. Cashback Program:
   • This program is based on your trading volume and the amount deposited.
   • A portion of the spread and commission you paid is returned to you.
   • The program operates on 3 different levels, offering up to $6 cashback per lot.
   • Typically, the cashback amount is $2 per lot, but for CapitalXtend’s third anniversary, it has been increased to $6.
   • Details about required deposit amounts and trading volume for each level are available on the broker’s website.

These incentive programs can motivate traders and help them better manage their capital while increasing their profits.

Review of Deposit and Withdrawal Methods at CapitalXtend Broker

CapitalXtend provides a variety of deposit and withdrawal options that cater to the needs of traders. These methods offer flexibility and speed, making the broker a convenient choice for users. Below are the main deposit and withdrawal options available at CapitalXtend:

Variety of Deposit and Withdrawal Options:

1. Rial Deposits and Withdrawals via IrPay.Pro:
   • Iranian traders can easily deposit and withdraw funds in Rial through the IrPay.Pro exchange platform, providing a local and accessible option for transactions.
2. Cryptocurrency Deposits and Withdrawals:
   • CapitalXtend supports multiple cryptocurrencies, including Bitcoin, Tether (TRC20 and ERC20), Litecoin, Dogecoin, Binance Coin (BNB), and Ethereum, providing secure and fast alternatives for global users.

Speed of Transaction Processing:

1. Cryptocurrency Transactions:
   • Deposits using cryptocurrencies are processed instantly after confirmation on the blockchain network, ensuring quick access to funds for trading.
2. Rial Deposits and Withdrawals:
   • Transactions through IrPay.Pro are processed swiftly, with deposits typically completed within a few minutes and withdrawals taking anywhere from a few minutes to an hour.

Rial Exchange Service:

• Rial Exchange Service via Telegram:
  • CapitalXtend has introduced a Rial exchange service accessible through Telegram. Traders can inquire, receive bank details, make payments, and submit payment receipts. The broker states that accounts will be credited within 24 hours of submission.

Conclusion

CapitalXtend offers an extensive variety of deposit and withdrawal methods, combined with high-speed processing, making it a convenient and flexible option for traders who prioritize quick financial management. Its ability to handle both local currency transactions and cryptocurrencies provides additional value to users, particularly those in Iran.

While the broker is relatively new, the range of services and fast transaction options contribute to its growing reputation. Despite concerns about its short history, CapitalXtend’s commitment to providing excellent customer support, especially in Persian, and a broad range of financial tools positions it as a promising option for traders.

These features make CapitalXtend a solid choice for traders seeking ease, flexibility, and reliable financial services in the forex and CFD markets.