Capital Gate Review
Capital Gate Review
Capital Gate is a forex broker, which currently provides a single account type. The company’s overall presentation suggests they may still be under development, as a lot of things are left unclear.
The Company. Security of Funds
Company Country Regulation
Capital Gate Saint Vincent and the Grenadines FSA of SVG
Capital Gate is registered on Saint Vincent and the Grenadines. We always warn of the risks involved with off-shore companies. While some of them are honest brokers, the scammers who are out there leave a negative stain on the entire group.
On the other hand, more reputable jurisdictions impose hard regulations on the brokers. Take Cyprus as an example. The local Securities and Exchange Commission (CySEC) forces brokers to keep client funds in special “segregated” bank accounts. This is a system which prevents the company from simply stealing its clients’ money and not allowing them to withdraw anything. Furthermore, the local compensation scheme, guarantees your funds, if your broker goes bankrupt. Think of it as an insurance company, which has your trading account covered, up to € 20,000, if something bad happens with your intermediary.
Minimum Initial Deposit
The minimum deposit at Capital Gate is $5, The company is basically letting anybody experience the world of online trading. This is becoming more popular with forex brokers nowadays as they compete for all types of clients, including the small ones. Even the industry-leading broker and spread-betting provider, IG doesn’t have a minimum deposit requirement.
Average spreads & Commissions
The costs of trading at Capital Gate are not revealed on the company’s website. Furthermore, we had issues with the account creation process, which prevented us from testing their platform. While we basically can’t tell you anything about this broker’s spreads, feel free to check the comparison tool, which we have set-up here.
Capital Gate offers a maximum leverage of 1:400. This is solid level which should satisfy the needs of even the most aggressive traders. While there are some brokers offering an even higher leverage ratio, we would advice proceeding with caution. Be sure to know the basic principles of risk management, before trading.
Capital Gate allegedly offers MetaTrader4(MT4) to its clients. As we mentioned above, we had issues when opening a new account with the broker, which lited our ability to test the platform.
On the other hand, you probably know a lot about MT4, if you have some interest in currency trading. The platform is the global leader in the field and this status doesn’t come without a reason. It doesn’t overburden the hardware, despite packing a lot of functionality – the charting package is one of the best on the market, you can find signal providers, who work exclusively with MT4 and last but not least the MQL programming language allows traders to automate theirs systems.
Methods of Payment
The payment options at Capital Gate include Credit/Debit Cards, Skrill, Neteller, China Union Pay and DK. This is a very solid line-up, which provides a lot of alternatives.
Capital Gate is an off-shore forex broker. Thе company’s website feels unfinished. We also had issues with the account creation module, which prevented us from downloading their trading platform in order to test their services. We hope this will change in the future, so we can update this review.
Capital Gate Review Conclusion
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