Capital88 is an unlicensed CFD & Forex broker which opened in April 2017. They are now closed and out of business!
Capital88 is owned by BT Ventures Ltd, located at: Belite Brezi, Building 3, Sofia, Bulgaria. Their phone number in United Kingdom is: +44 203 807 5460, and Argentina: +54 11 5217 5846. Customer support email address is; [email protected], and for withdrawals email; [email protected].
If you have a problem or complaint, you should go look here.
Capital88 Platform Review
Our review of Capital88 shows that they give their clients the web-based trading platform called TraderSoft. Available for trading are hundreds of underlying assets from Crypto, Forex, Stocks, Commodities and Market Indices. Standard leverage on Forex pairs like EUR/USD is 1:400, and the spread is around 3 pips.
You have a choice of using either the web based desktop trading platform, or the Meta Trader 4 software. For mobile trading their Android App is available, and the iOS app is coming soon. The minimum deposit for a new account is $250, and the website is localized into English and Spanish.
Investors can receive bonus money into their trading accounts, but it is very important for you to read the terms and conditions of broker bonus. In order to withdraw your money after receiving a bonus, you will need to have trading volume of 60 times the money in your account.
WARNING! Automated trading systems like The Bitcoin Code are scams, read why.
Capital88 License & Regulation
No, Capital88 is not a licensed broker.
What we look for when we review CFD or Forex brokers to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by a competent government regulator like ASIC in Australia or FCA in the United Kingdom. Trading with a licensed broker ensures you will not have issues withdrawing your investment.
When choosing a new Forex broker, it is very important to verify that they are in fact licensed for investors from your country of residence. You can pick from hundreds of Forex brokers online, but traders usually choose one of the best brokers, listed here.
What was your experience like investing with Capital88? Please leave your review in the comments below.