• Quality education and research for beginner traders
  • Advanced trading tools available in its CAPEX WebTrader
  • No choice of MT4 trading platform

Reviewed broker: Capex

Established in 2016

Location: Cyprus 

Owned by: Key Way Group Ltd with three known subsidiaries, Key Way Investments Ltd, JME Financial Services (Pty) Ltd, and Key Way Markets Ltd. All clients, except for EU and UAE ones, will trade with the competitive unit, JME Financial Services (Pty) Ltd, regulated by the South African Financial Sector Conduct Authority (FSCA). EU-based clients will manage their portfolios from the Investments Ltd, authorized by the Cyprus Securities and Exchange Commission (CySEC). It has offices in Romania and Spain, regulated by the Romanian Financial Supervisory Authority (ASF) and the Spanish National Securities Market Commission (CNMV). Key Way Markets Ltd serves UAE-based traders supervised by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority.

Client deposits remain segregated from corporate funds, per regulatory requirements, and negative balance protection exists. maintains a clean regulatory track record, confirming compliance with all rules and regulations. While the CySEC unit grants an investor compensation fund, the FSCA subsidiary delivers the most competitive trading environment. serves European clients. This branch of CAPEX is licensed by the Cyprus Securities and Exchange Commission. There are branches registered with the Autoritatea de Supraveghere Financiara (ASF) and the Comision Nacional del Mercado de Valores (CNMV; the Spanish Securities Market Commission).

CAPEX is also registered with:

  • FMA in Austria
  • Bulgarian FSC
  • HANFA in Croatia
  • CNB in the Czech Republic
  • DFSA in Denmark
  • FSAEE in Estonia
  • FIN-FSA in Finland
  • AMF/REGAFI in France
  • BaFin in Germany
  • HCMC in Greece
  • MNB in Hungary
  • FME in Iceland
  • CONSOB in Italy
  • CBI in Ireland
  • FKTK in Latvia
  • LBE in Lithuania
  • CSSF in Luxembourg
  • FMA in Liechtenstein
  • MFSA in Malta
  • AFM in the Netherlands
  • NFSA in Norway
  • KNF in Poland
  • CMVM in Portugal
  • NBS in the Slovak Republic
  • ATVP in Slovenia
  • FI in Sweden
  • FCA in the UK

In addition to that regulation and licensing, is licensed by the Financial Sector Conduct Authority in South Africa.

This expansive list of authorization, regulation, and registration is a very strong point in this review of CAPEX forex broker. Few competitors list as many individual registrations.

Additionally, CAPEX follows the strictest international regulations. The broker always stores client funds in segregated accounts and remains transparent in its reporting and dealings. You also get negative balance protection on your account which is a great advantage when it comes to forex trading.

Awards: Since its establishment, this CAPEX forex broker review has found that the company has garnered few awards so far. At the Forex Awards 2018, it was the runner-up for the titles of Best Dealing Room and Most Transparent Broker. Given how young CAPEX still is, the lack of awards to date is understandable.

The broker has handled more than 13 million trades from 275,000 accounts with a trading volume of $138 billion.

Accepted Countries

Capex accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Capex from United States, Canada, Japan.

Advantages of trading with Capex

  • Regulated broker
  • Great choice of 2,100+ trading instruments
  • Segregated client funds
  • Market news & analysis from Trading Central
  • Fixed & variable spread accounts
  • Platform tools inlcuding bloggers opinion, daily analysts’ ratings, etc
  • Proprietary CAPEX web & mobile trading platforms
  • Decent choice of funding methods including digital wallets
  • Free demo accounts
  • Islamic accounts for Muslim traders
  • Good customer support

Trading Conditions and Features

Trading instruments: Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, ETFs, CFDs

  • 55 currency pairs (major, minor & exotic crosses).
  • 4 bonds.
  • 19 commodities.
  • 6 crypto assets.
  • 30 ETFs.
  • 19 commodities.
  • 26 indices.
  • Over 2,000 stock CFDs.

Broker type: Market Maker

Spread: Variable, Fixed  

The EUR/USD shows a minimum mark-up of 1.8 pips or $18 per 1.0 standard lots, which is an acceptable trading cost. Swap rates on leveraged overnight positions apply, which lists transparently on its website. Traders may have to pay third-party payment processor charges. After three months of dormancy, a $30 inactivity applies. Overall, remains a reasonable broker.

For retail clients, leverage starts at 1:2, with maximum leverage capped at 1:30 based on ESMA regulation. However, professional clients can trade with leverage up to 1:300.


Trading cryptocurrencies with CAPEX allows you to profit from these digital currencies without owning the underlying asset. By trading them via CFDs, you get a high level of liquidity and the ability to go short or long.

Platforms with Capex


The CAPEX WebTrader is a modern trading platform suitable for all types of traders. It runs in your web browser which is great as it requires no downloads, installation or frustrating updates. 

Key features of the WebTrader platform:

  • 6 chart styles that can be displayed on 10 timeframes.
  • Around 80 technical indicators used for conducting detailed market analysis.
  • Risk management features including stop loss and take profit.
  • Technical analysis form Trading Central; a leading financial investment research firm.
  • Daily analysts’ recommendation (DAR) tool.
  • Blogger opinion tool is a tool on the platform which shows a consensus to buy or sell an asset.
  • ‘Trending now’ tool shows the instruments that other traders are buying.

MetaTrader 5 (MT5)

Anyone who has any experience trading online is likely to have used or at least heard about the MetaTrader platforms. MT5 is the follow up to the hugely popular MT4 trading platform, which is still widely used despite the release of MT5. You will probably notice that MT5 is just like the MT4 platform, with the only significant difference being that it has enhanced features and capabilities.

The platform is simple to navigate and easy to use. It contains everything that you need for following the markets and taking trades. The vast number of functionalities that it has will probably not be explored if you just want to conduct basic trading activity. However, those of you that trade for a living, will certainly find plenty of tools to enhance your trading strategies even further.

Here are some of the features of the MT5 platform:

  • Fully customisable interface, layouts, indicators, charts, etc.
  • Different execution modes and up to 6 pending order types.
  • 3 chart types display over 21 timeframes from one minute to one month.
  • Real time display of the assets ‘buy’ and ‘sell’ prices.
  • The MT5 has the economic calendar embedded in the platform.
  • One account can be accessed seamlessly from all the desktop and mobile applications.
  • Automation of trades using software Expert Advisors (EAs), though the use of EAs is forbidden by CAPEX.

CAPEX Mobile App

This is the brokers proprietary trading app developed for the iOS and Android devices. The app has a simple and clean user interface with matching default colours that make it easy to look at.

The key features of the app:

  • It is user friendly and easy to navigate around.
  • It integrates with the clients’ area of the CAPEX website.
  • It is used to make deposits, manage accounts and request for withdrawals.
  • The app shows live quotes of all the tradable assets and well as the charts.
  • It can be used to place multiple order types including risk management settings. 

Account Types

There are three account types available at The Essential Account requires a deposit of $1,000, but lists special trading conditions in the Original Account, where clients must commit $5,000. Trading Central services at require a minimum deposit of $25,000 in the Signature Account.

The three account types at display a diverse setup. 

CAPEX Essential

This account is designed for those of you who are beginners and have a limited knowledge of the markets. The broker recommends $1,000 for opening this account but the minimum deposit is $100 and you should only ever trade with an amount that you feel comfortable with.

CAPEX Original

This account has been created for experienced traders. They recommend $5,000 to open this account but again, only use what works for you. You get access to market research and a dedicated account representative that is available to you 3 days a week.

CAPEX Signature

This account is designed for those of you who are corporate clients or high net worth professional traders. This is the account you will need if you want access to Trading Central. One-to-one meetings with account representative and special trading conditions are some of the other benefits enjoyed by signature account holders.

Islamic Account

Islamic accounts are swap-free and can be requested by Muslim clients. I think it is great that the broker caters to clients from different religions without discrimination.

Demo Account

You can open free and unlimited demo accounts for all account types. I am a big advocate of demo accounts as I feel that it is important to allow traders to test the different trading platforms and conditions before opening a real account. deploys its proprietary CAPEX WebTrader alongside MT5. The CAPEX WebTrader offers manual traders a clean user interface and modern design, equipped with six trading tools consisting of Trading Central, Insiders’ Hot Stocks, Daily Analyst Ratings, Bloggers Opinions, Hedge Funds Activity and News Sentiment. While Trading Central requires a minimum deposit of $25,000, does not list minimum requirements for the other five on its website. The MT5 trading platform supports automated trading solutions and is also available as a mobile app.

Unique Features 

The five integrated trading tools, for which no minimums appear to exist, offer value to traders. The Daily Analyst Ratings provided by TipRanks offer quality information and Bloggers Opinions source data from over 50,000 providers. News Sentiment caters to the growing demand of sentiment and crowd trading strategies. Overall, offers high-quality value-added services.

The five trading tools at present traders with a competitive edge.

Research and Education

Aside from the integrated trading tools, has an analyst publishing a research piece each trading day, featuring brief market commentary and two trading ideas, including charts. While the content is accessible to all, notes access to more research for a minimum deposit of $5,000. When it comes to education, the CAPEX Academy offers short educational videos, but asks for a $25,000 deposit for access to the complete video library. also lists webinars as an educational tool. An IPO section and a glossary complement the CAPEX Academy. maintains CAPEX Academy, which offers valuable insight.

Customer Support provides customer support Monday through Thursday from 7:00 AM to 1:00 AM and Friday from 7:00 AM until midnight. The best way to reach out is via live chat. A phone number and e-mail address are also available, together with the registered address of in South Africa and Cyprus. An FAQ section provides answers to some basic questions.

Bonuses and Promotions lists three bonuses: The First Deposit Bonus, the Additional Deposit Bonus, and the Refer a Friend and Get Rewarded Bonus. Terms and conditions apply to each incentive. Committed traders with a long-term time horizon can benefit from the 40% bonus on each deposit.

Long-term traders can benefit from the 40% deposit bonus, but they have to understand the terms and conditions associated with it.

Deposits and Withdrawals lists symbols from Visa, Mastercard, Skrill and Neteller on the bottom of its home page, below the menu that includes Payment methods under Support. Following the link reveals that only bank wires remain supported. displays a list of countries with available payment processors, all of which list the same bank wire notice.

Bank wires are the only deposit and withdrawal method displays.

You can fund your trading account via bank transfer, card payment and a few digital wallets. I think this is a good variety that should meet most of your expectations. However, they don’t accept crypto funding at this time which may deter some traders. 

Here are the digital wallet payment options you can choose from:

  • Credit Cards: The cards accepted are Visa and Mastercard. Card payments are instantly processed.
  • Bank Wire Transfer: This payment method is accepted from all clients. It takes 3-5 days to completely process bank transfers.
  • E-wallet: Skrill and Neteller are the e-wallet payments methods accepted. Deposits are instant but withdrawals are processed within 24 hours.

Questions Answers about Capex

Is a scam? is not a scam. It operates under the supervision of three regulators, where it maintains a clean track record.

Which trading platforms are available at presents its proprietary CAPEX WebTrader and the MT5 trading platform.

What is the minimum deposit at

The minimum deposit at is $1,000, but access to all retail trading features requires $25,000.

How to open an account at CAPEX

Registering with CAPEX and opening an account only requires a few minutes and three simple steps, all of which you can complete online.

This CAPEX broker review can confirm that you will need to complete the following steps to open an account:

Step 1. Click on Register on the top right corner of the CAPEX website.

Step 2. Enter your email address, chosen password, phone number, desired account currency, and any promotional code on the registration form.

Step 3. Confirm you are over 18 and accept the terms and conditions by making a check in the appropriate box and click Create Account.

Step 4. Complete the Appropriateness Test, which CAPEX uses to evaluate your trading knowledge and determine your access to CFD trading.

Step 5. Submit the required documentation to verify your account.

Step 6. Begin trading.

As part of the registration process with CAPEX, you will need to submit certain information and documents, which fall into the following categories:

  • Personal information: Expect to submit your name, email address, phone number, identification number, and address.
  • Regulatory information: The required regulatory information mostly includes the above personal information and the documentation below. The Appropriateness Test of your CFD trading knowledge is also part of this required information.
  • Documentation: You will need to submit proof of identity such as a national ID or passport. You will also need proof of residence in the form of a utility bill, landline phone bill, or credit card or bank statement with your full address and full name. This document cannot be older than six months.

Is Capex regulated?

Yes. Capex is licensed and regulated by the CySEC under license number 292/16, FSCA under license no. 37166 and ADGM, under license no. 190005.

Does Capex offer a demo account?

Capex does not offer a free demo account. However, a demo account is provided with all account types once you are a registered Capex member.

How was the rating of Capex performed compared to other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Capex FX broker performance and features. 

Overall our online Capex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Capex or you find inaccurate details Capex broker review please get in touch with us and the changes will be applied.   

Capex Details

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