An Introduction to CapitalXtend Broker Account Types
Taking into account the wide range of needs of different traders, the CapitalXtend broker offers a variety of trading accounts. In this article, we try to review CapitalXtend's accounts in detail and cross-check them against this broker's client agreement in order to find any possible conflicts between the website's claims and the legal terms governing the accounts.
Start Trading at CapitalXtend with a Demo Account
For beginner traders, and even professional traders who want to test their strategies and analyses, the CapitalXtend demo account is recommended. This account offers an environment similar to the real financial market, with the difference that virtual funds are used instead of real capital.
Using a demo account lets you get familiar with the popular MetaTrader 4 and MetaTrader 5 platforms and, without risk, test your strategy, order execution speed and the behavior of different instruments. However, you should note that under clause 10.3.3 of the CapitalXtend broker's client agreement, the prices shown in the client terminal may be «indicative quotes» (Indicative Quotes), and as a result, the slippage that occurs in the real market may not be fully noticeable in the demo account.
Review of CapitalXtend Broker's Main Accounts
CapitalXtend offers 4 account types: Standard, ECN, Pro-ECN and Platinum. Each of these accounts is designed for a specific level of experience and capital. Below, we will review the details of each CapitalXtend account.
CapitalXtend Broker Standard Account
The Standard account is the first recommended option for getting started with this broker. With a minimum deposit of just $12, this account provides access to a wide range of financial market instruments. In the table below, we compare this account's specifications with the terms of the client agreement.
|
No. |
Feature |
Standard Account |
Client Agreement Notes |
|
1 |
Trading platforms |
MT4 |
The broker reserves the right to restrict access to the platform. |
|
2 |
Account currency |
USD |
If another currency is deposited, it is converted at a rate set by the company and fees are deducted. |
|
3 |
Minimum deposit |
$12 |
The broker may change the minimum deposit at any time. |
|
4 |
Maximum deposit |
Unlimited |
- |
|
5 |
Commission |
None |
The broker may deduct additional fees or taxes. |
|
6 |
Order execution |
Market orders |
Instant execution is also mentioned in the agreement, which can lead to requotes. |
|
7 |
Spread |
From 2 pips |
CapitalXtend's spread can widen under abnormal market conditions. |
|
8 |
Margin call |
80% |
The broker is not obliged to notify the client of a margin call. Margin requirements may be changed without prior notice during force majeure events. |
|
9 |
Stop out |
10% |
The broker may close positions without prior notice. |
|
10 |
Swap-free |
Yes |
If the broker detects swap arbitrage, profits will be removed and the account will lose its Islamic status. A storage (holding) fee will be charged. |
|
11 |
Stop and limit levels |
1 spread |
These levels may change under volatile conditions. Once the price reaches the order level, it cannot be modified or deleted. |
|
12 |
Pricing |
5 decimal places |
The broker has the right to remove erroneous prices. |
|
13 |
Trading instruments |
Forex, metals, indices, stocks |
The broker may remove any instrument or suspend its trading at any time |
|
14 |
Unlimited leverage |
Major forex currencies, gold and silver |
CapitalXtend's leverage is reduced if the balance exceeds $20,000. The broker may limit leverage before major economic news. |
|
15 |
Minimum lot size |
0.01 |
- |
|
16 |
Minimum trading lot |
0.01 |
- |
|
17 |
Maximum lot size |
Unlimited |
Trade sizes larger than the market norm are subject to the company's specific rules. |
|
18 |
Maximum number of orders |
Unlimited |
In the case of unreasonable requests, the company may refuse to accept an order. |
|
19 |
Maximum lot size of orders |
Unlimited |
- |
|
20 |
Maximum number of pending orders |
Unlimited |
Pending orders older than one month may be deleted. If the account balance reaches zero, the broker has the right to delete pending orders. |
Pros and Cons of the Standard Account
|
Pros of the Standard Account |
Cons of the Standard Account |
|
Low minimum deposit ($12) |
High spread (from 2 pips) |
|
No commission |
Platform limited to MetaTrader 4 |
|
Unlimited leverage on major instruments |
Unlimited leverage not offered on all instruments |
ECN Account at CapitalXtend Broker
The CapitalXtend ECN account is designed for traders looking for more competitive pricing and direct access to market liquidity. The table below gives more details on this account.
|
No. |
Feature |
ECN Account |
Client Agreement Notes |
|
1 |
Trading platforms |
MT4 / MT5 |
The broker reserves the right to restrict access to the platform. |
|
2 |
Account currency |
USD |
If another currency is deposited, it is converted at a rate set by the company and a fee is deducted. |
|
3 |
Minimum deposit |
$50 |
The broker can change the minimum deposit at any time. |
|
4 |
Maximum deposit |
Unlimited |
- |
|
5 |
Commission |
None |
The broker may deduct additional fees or taxes. |
|
6 |
Order execution |
Market orders |
The agreement also mentions instant execution, which can cause requotes. |
|
7 |
Spread |
From 1.2 pips |
CapitalXtend's spread can widen in abnormal market conditions. |
|
8 |
Margin call |
80% |
The broker is not obliged to notify the client of a margin call. Margin requirements may be changed without prior notice during force majeure events. |
|
9 |
Stop out |
10% |
The broker can close positions without prior notice. |
|
10 |
Swap-free |
Yes |
If the broker detects swap arbitrage, profits will be removed and the account will lose its Islamic status. A storage (holding) fee will be charged. |
|
11 |
Stop and limit levels |
1 spread |
These levels may change under volatile conditions. Once the price reaches the order level, it cannot be modified or deleted. |
|
12 |
Pricing |
5 decimal places |
The broker has the right to remove erroneous quotes. |
|
13 |
Trading instruments |
Forex, metals, indices, stocks |
The broker can remove any symbol or suspend trading in it at any time |
|
14 |
Unlimited leverage |
Major forex currencies, gold and silver |
CapitalXtend's leverage is reduced if the balance exceeds $20,000. The broker can limit leverage ahead of major economic news. |
|
15 |
Minimum lot size |
0.01 |
- |
|
16 |
Minimum trading lot |
0.01 |
- |
|
17 |
Maximum lot size |
Unlimited |
Trade sizes larger than the market norm are subject to the company's specific rules. |
|
18 |
Maximum number of orders |
Unlimited |
In case of unreasonable requests, the company can refuse to accept the order. |
|
19 |
Maximum order lot size |
Unlimited |
- |
|
20 |
Maximum number of pending orders |
Unlimited |
Pending orders older than one month may be deleted. If the account balance reaches zero, the broker has the right to delete pending orders. |
Pros and Cons of the ECN Account
|
ECN Account Pros |
ECN Account Cons |
|
Lower spread than the Standard account (from 1.2 pips) |
Unlimited leverage not offered on all symbols |
|
Access to both MetaTrader 4 and 5 |
No support for the Platinum account's exclusive features |
|
Reasonable minimum deposit ($50) |
|
|
No commission |
|
|
Unlimited leverage on major symbols |
CapitalXtend Pro ECN Account
The Pro ECN account's specifications show that it is a good choice for professional traders and scalpers. In this account, spreads go down to the lowest possible level, i.e. zero, and in return, the CapitalXtend commission is deducted transparently. The details of this account are given below.
|
No. |
Feature |
Pro ECN Account |
Client Agreement Notes |
|
1 |
Trading platforms |
MT4 / MT5 |
The broker reserves the right to restrict access to the platform. |
|
2 |
Account currency |
USD |
If another currency is deposited, it is converted at a rate of the company's choosing and a fee is deducted. |
|
3 |
Minimum deposit |
$100 |
The broker can change the minimum deposit at any time. |
|
4 |
Maximum deposit |
Unlimited |
- |
|
5 |
Commission |
$3 (Per Side) $6 per lot |
The broker can change the commission rate without prior notice. US and European stocks carry a $10 commission per lot. |
|
6 |
Order execution |
Market orders |
Instant execution is also mentioned in the agreement, which can cause requotes. |
|
7 |
Spread |
From 0 pips |
CapitalXtend's spread can widen in abnormal market conditions. |
|
8 |
Margin call |
80% |
The broker is not obliged to notify the client of a margin call. Changing margin requirements during force majeure events without prior notice is permitted. |
|
9 |
Stop out |
10% |
The broker can close positions without prior notice. |
|
10 |
Swap-free |
Yes |
If the broker detects swap arbitrage, profits will be removed and the account will lose its Islamic status. A storage (holding) fee will be charged. |
|
11 |
Stop and limit levels |
1 spread |
These levels may change under volatile conditions. Once the price reaches the order level, it cannot be modified or deleted. |
|
12 |
Pricing |
5 decimal places |
The broker has the right to remove erroneous prices. |
|
13 |
Trading instruments |
Forex, metals, indices, stocks |
The broker can remove any symbol or suspend trading in it at any time. |
|
14 |
Unlimited leverage |
Major forex currencies, gold and silver |
CapitalXtend's leverage is reduced if the balance goes above $20,000. The broker can restrict leverage before major economic news. |
|
15 |
Minimum lot size |
0.01 |
- |
|
16 |
Minimum trading lot |
0.01 |
- |
|
17 |
Maximum lot size |
Unlimited |
Trade sizes larger than the market norm are subject to the company's specific rules. |
|
18 |
Maximum number of orders |
Unlimited |
In the case of unreasonable requests, the company can refuse to accept an order. |
|
19 |
Maximum order lot size |
Unlimited |
- |
|
20 |
Maximum number of pending orders |
Unlimited |
Pending orders older than one month may be deleted. If the account balance reaches zero, the broker has the right to delete pending orders. |
Pros and Cons of the Pro ECN Account
|
Pros of the Pro ECN Account |
Cons of the Pro ECN Account |
|
Spreads from 0 pips |
High minimum deposit ($100) |
|
Competitive commission |
Unlimited leverage not offered on all symbols |
|
Very fast execution |
|
|
Unlimited leverage on major symbols |
Capitlxtend Broker Platinum Account
The Platinum account is the most premium and exclusive of CapitalXtend's account types. It is designed for investors with large capital and has its own particular features, which we cover below.
|
No. |
Feature |
Platinum Account |
Client Agreement Notes |
|
1 |
Trading platforms |
MT4 |
The broker reserves the right to restrict access to the platform. |
|
2 |
Account currency |
USD |
If another currency is deposited, it is converted at a rate chosen by the company and a fee is deducted. |
|
3 |
Minimum deposit |
$25000 |
The broker can change the minimum deposit at any time. |
|
4 |
Maximum deposit |
Unlimited |
- |
|
5 |
Commission |
None |
The broker can change the commission rate without prior notice. US and European stocks carry a commission of $10 per lot. |
|
6 |
Order execution |
Market orders |
Instant execution is also mentioned in the agreement, which can cause requotes. |
|
7 |
Spread |
From 0 pips |
CapitalXtend's spread can widen in abnormal market conditions. |
|
8 |
Margin call |
100% |
The broker is not obliged to notify the client of a margin call. Margin requirements may be changed without prior notice during force majeure events. |
|
9 |
Stop out |
50% |
The broker can close positions without prior notice. |
|
10 |
Swap-free |
Yes |
If the broker detects swap arbitrage, profits will be removed and the account will lose its Islamic status. A storage (holding) fee will be charged. |
|
11 |
Stop and limit levels |
- |
- |
|
12 |
Pricing |
5 decimal places |
The broker has the right to remove erroneous prices. |
|
13 |
Trading instruments |
Forex, metals, indices, stocks |
The broker can remove any symbol or suspend its trading at any time. |
|
14 |
Unlimited leverage |
No |
- |
|
15 |
Minimum lot size |
0.01 |
- |
|
16 |
Minimum trading lot |
0.01 |
- |
|
17 |
Maximum lot size |
Unlimited |
Trade sizes larger than the market norm are subject to the company's specific rules. |
|
18 |
Maximum number of orders |
Unlimited |
In the case of unreasonable requests, the company can refuse to accept an order. |
|
19 |
Maximum order lot size |
Unlimited |
- |
|
20 |
Maximum number of pending orders |
Unlimited |
Pending orders older than one month may be deleted. If the account balance reaches zero, the broker has the right to delete pending orders. |
Pros and Cons of the Platinum Account
|
Pros of the Platinum Account |
Cons of the Platinum Account |
|
Spreads from 0 pips |
High minimum deposit ($25000) |
|
No commission |
Unlimited leverage not offered on all symbols |
|
Suitable for high-volume trading |
No access to MetaTrader 5 |
|
Dedicated support |
Is It Possible to Open an Islamic Account at Capitalxtend Broker?
Yes. CapitalXtend broker offers swap-free trading on its accounts. However, a swap-free account does not mean a cost-free account; according to the official website, the Islamic account is subject to a storage fee. In addition, clause 10.6 of the client agreement covers Islamic accounts in detail. The important point is that the broker has the right to revoke the account's swap-free status or change the fees at any time and without prior notice. Also, if the company determines that a client is abusing the swap-free status to profit from interest rate differentials, it can deduct all resulting profits and block the account. For this reason, the Islamic account is a kind of temporary facility rather than a permanent account status.
Comparing CapitalXtend Broker Accounts: Which One Is Right for You?
To sum up, take a look at the overall comparison table below to see the key differences between the accounts at a glance.
|
Account Type |
Minimum Deposit |
Platform |
Floating Spread From |
Commission |
|
Standard |
$12 |
MT4 |
2.0 pips |
None |
|
ECN |
$50 |
MT4/MT5 |
1.2 pips |
None |
|
Pro ECN |
$100 |
MT4/MT5 |
0 pips |
$6 (per lot) |
|
Platinum |
$25000 |
MT4 |
0 pips |
None |
Which CapitalXtend account is right for you depends on your personal needs and strategy. That said, in the table below we have listed the target audience for each account.
|
Target Audience |
Account |
Reason to Choose |
|
Beginner and small-scale traders |
Standard |
Low risk with a minimum deposit of $12 and simple cost calculation. |
|
Semi-professional traders |
ECN |
A balance between spread costs and access to the modern MT5 platform. |
|
Scalpers and professionals |
Pro ECN |
Spreads starting from zero, which is vital for fast, short-term trading. |
|
Large investors |
Platinum |
The best pricing conditions (zero spread and no commission) and greater capital security. |
