Capitalxtend

CapitalXtend is a broker launched in 2020, after a major broker exited the Iranian market, with a full focus on Iranian traders. In this overview, we review CapitalXtend's history, licenses, accounts, payment methods and risks based on Teagle data, so you know what kind of broker you are dealing with before opening an account.

What kind of broker is CapitalXtend?

According to Teagle data, in 2020 the broker ForexTime (FXTM) banned Iranian users in order to expand its operations in Europe, forcing them to close their accounts or move to another broker. Some of this broker's managers at the time decided to found a new brokerage called CapitalXtend, and the management team's experience and connections helped it grow quickly. The country registered for CapitalXtend on Teagle is Kazakhstan, and the broker has about six years of operating history. Tradable instruments include 68 forex currency pairs, 7 precious metals, 3 energy symbols, 12 indices and 32 cryptocurrencies.

CapitalXtend licenses and credibility

According to Teagle's latest review, CapitalXtend holds two active licenses, both offshore and low-tier in terms of oversight:

• FSC (Financial Services Commission, No. GB23201599), status: Active;
• FSA of Saint Vincent and the Grenadines (No. 395 LLC 2020), status: Active.

Teagle's expert considers weak regulatory oversight the biggest risk of this broker; the absence of a top-tier regulator means less of a safety net in the event of a dispute or bankruptcy. According to Teagle's expert, the $1 million insurance the broker mentions is also an unverified claim and should not be relied on as a key safety feature. To better understand this, read about the difference between offshore and onshore brokers .

Does CapitalXtend serve Iranians?

Yes. CapitalXtend was built for the Iranian market from the start; its website has a Persian version, and Persian support is offered via email and live chat. However, according to Teagle data, the CapitalXtend website is not accessible from Iran, and you need to change your IP to access it. Teagle's expert notes that this broker relies heavily on its IB network, and some local user feedback may not be entirely impartial.

CapitalXtend trading accounts

CapitalXtend offers four accounts with floating spreads:

• Standard account: minimum deposit $12, no commission, spreads from 2 pips, on MT4; Islamic account available.
• ECN account: minimum deposit $50, no commission, spreads from 1.2 pips, on MT4 and MT5; Islamic account available.
• Pro ECN account: minimum deposit $100, commission of $6 per lot, spreads from zero, on MT4 and MT5; Islamic account available.
• Platinium account: minimum deposit $25,000, no commission, spreads from zero, on MT4; no Islamic account.

The margin call level on most accounts is 80% and the stop-out is 10% (100% and 50% respectively on Platinium). The broker's maximum leverage is listed as 1:5000, a figure that is very dangerous for beginners; before using it, you should read the guide to leverage and leveraged trading . Teagle's expert considers the Pro ECN account competitive for serious traders and the Standard account costly for beginners because of its high spreads; to compare these two models, see our introduction to ECN accounts in forex .

CapitalXtend platforms and services

Trading at CapitalXtend takes place on MetaTrader 4 and MetaTrader 5. Additional services include copy trading, social trading, cashback, rebates, a virtual private server (VPS), an economic calendar and bonuses. According to Teagle data, the latest active bonuses include a 30% deposit bonus up to $300, a 50% bonus for new accounts with a minimum deposit of $100 up to $500, and cashback of up to $3 per lot (accumulating up to $5,000). Follow the latest terms on the broker bonuses page . If you are considering partnering with this broker, read the article ways to partner and become an affiliate with CapitalXtend .

Deposits and withdrawals at CapitalXtend

Deposits and withdrawals at CapitalXtend are made via two methods, Rial transfer and cryptocurrency, with no fees. Rial deposits usually take less than a few hours, while crypto deposits depend on network speed. Withdrawals are processed quickly, except at the weekend.

CapitalXtend's score and risk on Teagle

CapitalXtend's final score on Teagle is 3.03 out of 5, and the sources differ widely: Teagle users 4, WikiFX 3.63, Trustpilot 3.2, Teagle's expert 2.7 and Forex Peace Army 1.63. The Teagle Eye risk index for this broker is 48 out of 100, in the "medium risk" category, with the offshore licenses contributing most to raising it.

Pros and cons of CapitalXtend

• Pro: full focus on the Iranian market, Persian support and fee-free local payments
• Pro: $12 minimum deposit and competitive Pro ECN account conditions
• Pro: bonuses, cashback and copy trading
• Con: both licenses are offshore and weak
• Con: unverified insurance claim and very high leverage
• Con: high spreads on the Standard account and the need to change IP

Who is CapitalXtend suitable for?

In the view of Teagle's expert, CapitalXtend's Pro ECN account is worth considering for an experienced trader only if they fully understand and accept the counterparty risk arising from offshore regulation. For beginners, the combination of very high leverage, a costly entry account and weak protection makes this broker a high-risk option. Weigh it in the CapitalXtend vs. AMarkets comparison against a rival with a similar audience, and follow its position in the ranking of low minimum deposit brokers .

Conclusion

CapitalXtend has built efficient, tailored services for Iranian users, but this convenience rests on weak regulation and places the burden of risk on the client. Start with a small amount, keep leverage low, make a test withdrawal and check the latest warnings on the investment risk warning page .