Capitaria Review 2020 – Is It a Scam? - ChainBits

Posted: 31 Jan 2020 12:08 AM PST

Website URL: https://www.capitaria.com

Founded:N/A

Regulations:Unregulated

Languages:Spanish (Chile)

Deposit Methods:Unknown

Minimum Deposit:$400

Free Demo Account:Available

Number of Assets:Unknown

Types of Assets: Currency Pairs, CFDs on Cryptos, Precious Metals, Commodities, Indices, Shares.

Trading Accounts and Conditions

Capitaria, a Forex broker based in South America, offers its clients two types of trading accounts:

Start:In this account type, you need to make a minimum deposit of $400 to trade, and you are offered a leverage of 1:200. The spread is fixed at 3 pips for this account type.
Pro: To start a Pro account, you need to first deposit at least $7,500. You get a leverage level of 1:100, but we could not find details on the spread for this account type.

Capitaria – Advantages

Here are the few advantages we could find while investigating Capitaria:

MT4 Trading Platform Offered

The MetaTrader 4 (or, MT4) trading platform is the world's most popular trading interface, and for good reason. It is very user-friendly, and offers traders added features to make trading even easier. With the MT4 platform, users get to choose from numerous customizable charting tools, trading bots so that you can execute automated trading, nearly 100 market indicators, and more.

The fact that Capitaria offers its customers this platform on which to trade is a huge plus for us.

Leverage of As Much As 1:200

Capitaria offers its clients a leverage of 1:200, which is quite substantial. With this kind of a leverage, even those traders that prefer higher risk investments will be attracted to this broker.

However, the downside of having a high leverage is that the risk factor is higher too, which means that traders stand to lose a lot more of their money. It is due to this reason that many regulators across the industry have put a limit on the amount of leverage that a broker may offer its customers.

Demo Account Available

Capitaria offers its clients the use of a demo account so that they can test their trading platform and also understand how the trading conditions work. This is another point in this broker's favor.

Wide Range of Trading Instruments

The third advantage of trading with Capitaria is that users get to execute trades in a wide variety of assets, which range from Forex pairs to CFDs in cryptocurrencies, commodities, stocks, indices, precious metals and so on.

Capitaria – Disadvantages

Sadly, after we assessed Capitaria, we found that the disadvantages of trading with this broker were greater than the advantages. Here is the list of serious issues we found with Capitaria:

Unlicensed Broker

On Capitaria's website, it is stated that this broker has offices in 3 countries in South America – Chile, Uruguay and Peru. The broker claims to be owned and operated by a company called Capitaria SA, which in turn is owned by KT Financial Group (KTFG).

Upon investigating, we found out that KTFG is actually registered offshore in the British Virgin Islands. In this territory, financial services providers such as Forex brokers are not bound by regulatory oversight. What this means is that KTFG, and therefore Capitaria is not regulated by any financial authority.

Added to that, all 3 South American countries in which this broker operates do not have regulatory oversight for Forex and CFD brokers. Despite that, there are many brokers in that region that have ensured that they are legitimate and regulated.

The fact that Capitaria has made no such effort to get a trading license raises a huge red flag about its legitimacy.

$100

Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

$100

Minimum Deposit

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Spreads Not Clear/ Demo Spreads High

On its website, Capitaria not given any information about the spreads it offers.

And the spreads that we were able to see when trying out Capitaria's demo account were unreasonably high.

When we logged into the demo account, we saw that the spread for the benchmark currency pair, the EURUSD, was at 3 pips. This is about twice as much as what the industry average is. Most brokers offer their customers a spread of 1.0 to 1.5 pips.

A high spread is not favorable for the trader because the broker makes most of the money from such spreads. Therefore, Capitaria having a high spread is not a good sign.

Minimum Deposit Requirement High

Capitaria's Start account requires you to deposit a minimum of $400 before you are able to start trading. This requirement is much higher than the industry average, where most brokers require traders to deposit between $100 and $250 to open an account with them.

This high initial deposit requirement is another red flag, especially when it is seen in conjunction with the lack of information on spreads, a lack of a trading license and the fact that Capitaria is an offshore broker.

No Information about Payment Methods

Another point of concern that we have with this broker is that Capitaria has not provided any information about its payment methods. Even the basic debit/credit card and bank wire options are not mentioned on this broker's website.

Information about Transaction Fees Missing

Another cause for concern is the fact that there is no information with regard to the various transaction fees. For example, we do not know what the fees for withdrawing funds are.

The problem is that this doesn't mean that the broker has not imposed a charge. It simply means that we do know how muchthat fee is. What this also means is that you may be surprised by the charges that are made to you when you try and withdraw your funds.

Conclusion

Despite the fact that Capitaria has not been blacklisted by any financial regulator, and that the broker is not anonymous, there are too many gaps that lead us to advise you to stay away. We can safely conclude that this broker is not safe and you would be better off investing your money elsewhere.

Capitaria

User Experience

3.0/10

Payment Options

2.6/10

Security

2.5/10

Support

2.7/10

Reputation

2.4/10

Pros

Capitaria
Demo Account Available

Cons

Not Licensed
Spreads Unclear
Initial Minimum Deposit Requirement High
No Information About Payment Methods
Information About Transaction Fees Missing

The Best Forex Robots and How to Use Them to Maximize Trading - Bitrates

Posted: 31 Jan 2020 02:50 AM PST

We look at some of the top Forex robots, the benefits they bring, and how to make use of them to maximize your trading potential.

The Forex market has always been a land of opportunities for many traders, who have earned fortunes over the years, utilizing a combination of technical know-how, experience, and patience. However, not all traders have the required experience and technical knowledge to be successful at first. Looking at the latest forex robot comparison and the top forex Robot reviews would help such traders.

Forex Robots are automated trading platforms that are usually based on a set of forex trading signals. The system automatically determines whether to buy or sell a certain currency pair at any given point of time. They are designed to eliminate the limitations in trading posed by the influence of human emotions.

By following a set rule, forex robots never divert from already set training rules.

There is a myriad of such forex robots available on the market, each claiming to provide the best chances of portability. This article aims at presenting some of the best profitable forex robots available at the moment.

ROFX: ROFX is a well-known AI-driven forex robot that offers its users a seamless, easy to use, trading experience. ROFX packs several useful features into its product such as package flexibility and payment flexibility. It offers 6 different packages from which traders can choose according to their requirements. Payment options include Bitcoin, alongside EUR and USD and domestic ACH for US-based customers.
Everex: The Everex Elite Forex Robot has a good track record of extremely high-profit gains since 2013. They pride themselves in providing one of the most reliable automated trading system offering high profitability and low risk. It requires MetaTrader 4 to run and comes with a lifetime of free updates, dedicated support, and licenses for all trading accounts. It works with the EUR/USD and GBP/USD trading pair, and also provides a 60-day money-back guarantee scheme.
Universe Forex Robot: Universe Forex Robot utilizes semi-scalping and generates an average win of around 5 pips. It has a very favorable 1:2 risk to reward ratio and a good win rate of more than 50%. It can work in multiple market conditions with a trailing stop that manages all the trades. No martingale, grid or hedging strategies are used. Backtests have a good 99% modeling quality which makes them trustworthy.
Delton Pro: Delton Pro is another fully automated trading system that produces an almost 89% win rate. It does not have any minimum trading account balance, and a simple $50 deposit can get one started. Delton Pro uses a strategy that is based on market psychology, price action Fibonacci levels and candlestick patterns, rather than on lagging indicators. It does not incorporate any risky martingale or hedging money management strategy. According to several authoritative sites, backtests show that it can turn a $100 deposit to almost $1,000,000 within a year, with only 0.01 fixed lots being used.
Forex Spectre: Forex Spectre is another Forex trading robot that focuses more on the EUR/USD pair. It has a close to 50% win rate according to several backtests provided. It works on the M5 time frame. According to the developers, they have already earned more than 3000% and works with only fixed lots.
PipBolt: PipBolt is a collection of forex robots which comes with a basic strategy based on a simple indicator. The list of strategies includes Stochastic Oscillator, RIS, Parabolic SAR, Moving Average Cross, etc. to name a few. It is also compatible with Meta Trader 5.

Advantages of Using Forex Robots

Forex Trading Robots help traders who lack thorough knowledge and understanding of the forex market, with an opportunity to earn big. There are several factors why it is advised to use forex robots for greater profitability. They include:

Nonstop Trading: Automated trading robots can work on a 24/7 basis on behalf of the trader. The forex market is a 24/7 open market with numerous trading opportunities present. By using a robot, traders can be assured that the robot is conducting the analysis and executing trades on his/her behalf, based on some pre-determined trading rules.
Time-Saving: The processing and execution power of robots is much greater than trading manually. It is capable of executing multiple trades in mere seconds, allowing traders the maximum trading opportunities to generate profits.
Not deviating from Trading Rules: Automated trading robots for forex can trade according to established trading rules, not deviating from it for any external cause.
Eliminates Human Emotions: The influence of human emotions such as greed and fear has affected traders' decisions in the past. Fear or greed can get in the way of entering and exiting a market at the right time, often suffering losses as a result. With automatic robots, this is largely eliminated as trades are executed depending on rules rather than human emotions.

Conclusion

The right automated trading robot can provide traders with unparalleled profitability. However, choosing the wrong ones can result in significant bad investments without any returns. The above list is just some of the most profitable robots in the market. Traders can make their own decisions by conducting some additional research. There are several authoritative sites that offer detailed forex robot reviews to help traders make a better-informed decision.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.

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