Capex review and ratings

Established 2016
Location Cyprus South Africa
Regulation CySEC, FSCA
Offices Nicosia, Umhlanga, Spain, Romania
Broker type MM | STP
Leverage up to 1:300 (1:30 for EU clients)
Deposit from 1000 USD
Spreads mid  mid
Platforms Web MetaTrader 5 Specific Social Platform
Instruments Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs
Funding methods Wire Transfer Credit Cards Skrill Neteller Trustly SafeCharge

Company information

Capex group includes 2 related companies.

Capex CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Capex SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.


Capex accepts clients from all over the world, excluding USA, Canada, Japan and some more jurisdictions where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

55+ Currency Pairs Based on major and minor world currencies.
5 Crypto Cash CFDs Based on Bitcoin, Ethereum, Litecoin, Dash, Ripple.
22 Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
5 Metal CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
4 Energy CFDs Based on Crude Oil (WTI, Brent), Heating Oil and Natural Gas.
9 Soft CFDs Based on Cocoa, Coffee, Corn, Cotton, Rice, Soybean, Sugar, Wheat, Orange Juice.
4 Bond CFDs Based on US and German government securities.
2000+ Stock CFDs Based on shares of AU, US, UK, EU, HK, SA companies.
40+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Capex is a forex broker with offices in South Africa and Cyprus, fully regulated by the South African Financial Sector Conduct Authority (FSCA) and the Cyprus Securities and Exchange Commission (CySEC). In addition, the broker also has local customer support teams in Romania and Spain.

As always, the Cyprus-based entity works in compliance with regulations from the EU’s financial regulator ESMA, and is meant for clients living in EU/EEA countries. For these traders, leverage is limited to 1:30 on the most liquid assets. Meanwhile, the South Africa-based entity is open for clients from all other countries (except the US, Canada, Japan, and a few smaller countries), and offers leverage of up to 1:300 on the same assets.

As far as trading instruments goes, Capex boasts a wide selection that ranges from stocks to forex, cryptocurrency, and bonds. Most notably, this includes a selection of stocks from more than 2,000 companies listed in the USA, Australia, UK, EU, Hong Kong, and South Africa. Further, the broker also has a decent selection of exchange traded funds (ETFs), with more than 40 such instruments available for trading.

All assets offered by Capex are available only as CFDs (contracts-for-difference), and comes with varying amounts of leverage.

In terms of trading platforms, Capex offers its own web-based trading platform known as the Capex Webtrader. This is a fairly advanced platform with all the features a trader would normally need, including a large selection of technical trading indicators, several different chart types, and a sentiment tool that shows what other traders on the platform are trading. The charts on the webtrader platform are also incredibly easy to use, and the overall feeling of the platform is that it is very much designed with the user in mind.

In addition to their own web platform, Capex also offers MetaTrader 5 (MT5), which is already a very popular trading platform among independent traders. Moreover, they offer a web-based version of platform that can be used in any browser. Released in 2010, MT5 succeeded MT4, and has quickly gained a sizable share of the market.

The broker further offers three different types of trading accounts called Essential, Original, and Signature, with minimum deposits of USD 1,000, 5,000, and 25,000, respectively. The only difference between these three account types that is worth paying attention to is the “special trading conditions” that the broker says is available for the Original and Signature accounts. What this means, however, is not specified by the broker.

Important to note about Capex is that this is a so-called dealing desk (also known as market maker) broker that matches orders internally. This means that the broker operates with its own fixed spreads on most trading instruments, but unfortunately these spreads are not very low. At the time of this review, the fixed spread for the popular EUR/USD pair was set to 1.8 pips, which in our view is a bit high. A benefit with this type of trading, however, is that all costs are already included in the spread without any commissions being charged on top.

All trading accounts can be funded through either bank wire transfer, credit & debit cards, as well as the e-wallet platforms Skrill, Neteller, Trustly, and SafeCharge. Capex does not charge any fees for deposits, but charges a fee of USD 30 per month for accounts that have been inactive for 90 days or more.

Clients and others are welcome to contact Capex’s customer support team via phone, email, or live chat. Phone numbers are provided both to customer support and directly to the dealing desk for all the locations where the broker has a presence; Cyprus, Romania, Spain, and South Africa.

In conclusion, we consider Capex to be a great broker for anyone looking to trade leveraged stock CFDs in particular. With up to 1:300 leverage outside of the EU, this should be an attractive offer for many high leverage traders. We also believe many traders will appreciate that the broker uses the familiar MT5 platform, which makes it easy to transition from any other broker to Capex.

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