Overview

Is CapitalBankMarkets a Legit or a Scam Broker?

Read 100% Full & Honest CapitalBankMarkets Review

Minimum Deposit, Bonuses & Platform – See Below!

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Details

BrokerCapital Bank Markets
Official Website URLwww.CapitalBankMarkets.com
HeadquartersBressenden Place, 14th floor, SW1, London, UK
Support Number +44 20 3808 4678
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$500, for students - $250
Free Demo Account Open FREE Demo
Overall Score4.0/10

Full Review

The recently launched Capital Bank Markets binary options broker raised many hopes and expectations upon its initial release. Unfortunately, the online community alerts that it was not able to fulfill them. They do not offer a reliable and trustworthy level of security. The same goes for the quality of service. This is the reason we decided to review the broker and find out more about its customer support service, withdrawal procedure and also what other traders have to say about it. Continue reading this comprehensive review to find out more about Capital Bank Markets.


capital bank markets

Is CapitalBankMarkets A Scam?

Capital Bank Markets is based in London, UK. Its headquarters is located at Bressenden Place, 14th floor,SW1, London, UK. They are relatively new in the industry. So, they can not guarantee for sure that investors will have a safe and secure trading experience on their platform. The binary options broker does accept traders from across the globe. It seeks to lure in everyone with the promise of presenting an opportunity to invest with no view as to their location or trading requirements.

They do not offer any advanced learning tools, nor materials. Users who want to continue developing their skills while trying to earn a profit better opt for another solution. Their team supposedly consists of top professionals. Additional information on these supreme binary experts in not given and could not be found on the web. After taking everything into consideration, Capital Bank Markets can be deemed as not quite reliable. It I most probably a scam.

Trading Platform

capital bank markets platform

CapitalBankMarkets operates on the Airsoft platform which is not considered to be of a very high class. The used technology is underdeveloped which makes the trading platform useless to expert traders.

On the other hand, the interface of the binary options broker is too plain and straightforward to make an impression even on newcomer traders.

The range of assets that are on offer is not very extensive. It does trade in the four main categories of assets. The broker allows expiries in seconds, hours and days. They don’t currently have a binary mobile application. This is a big minus as there are many investors who hold day jobs. Or have other responsibilities and prefer multitasking. These people need to be able to trade on the go.

Account Types and Bonuses

Traders can choose from nine different account types. There is a type of account that is designed for Students. Other than this, they account types they offer include Green, Gold, Platinum, Black, Algorithmic High Frequency Trading Account, Algorithmic High Frequency Trading Account with Analyst Overview, Analyst Managed Account and the Capital Bank Club 47 Account.

A Welcome Bonus is said to be available for anyone who has just joined the software. But there exists no current data on anyone to have ever received it.

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How To Get Started?

There is nothing complicated or all that special about getting started with this binary options investment broker. One only has to complete three simple steps:

  1. Sign Up: The first step towards getting started with Capital Bank Markets is signing up with the broker. There are nine different types of accounts. All of them are accessible if one enters valid personal data.
  2. Deposit Funds: Traders can perform this via a bank or credit card transfer. Then, they should pick an asset and begin investing.
  3. Withdrawal: This one is a very complicated process. Some go as far as to say that it does not work at all. Users are required to fill out the withdrawal form online. After that they have to print it and sign the copy. Then, scan it and email it to the binary options broker.

Deposit and Withdrawal Procedures

There are a number of payment options available at the Capital Bank Markets. These include credit and debit cards, bank wire transfer and various ewallet options including CashU and Skrill. The minimum deposit amount is $500 for a basic account. If you are a student, you can set up a Student Account for $250. A variety of currencies are also available in which deposits can be made. To make a withdrawal, you have to fill out a withdrawal request form.

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New account holders will have to wait for at least 30 days before they can request a withdrawal. The others can have their withdrawals processed in 2-5 days. But binary options traders signal that the process is even longer. Some actually never received any transfers into their bank accounts. A verification process will be carried out for processing of withdrawals.

Regular investors are required to fill out the withdrawal form online. After that they have to print it and sign the copy. Then, scan it and email it to the binary options broker. Whether you will receive a response is a dubious question.

Capital Bank Markets Support Information

The customer support of the binary options broker is not very efficient or responsive. Their replies are sometimes delayed. And not quite helpful when given. Capital Bank Markets provides email and telephone support.

Final Thoughts

From the data that is available on the web, we can not conclude for certain whether Capital Bank Markets is a scam or legit. But the binary options broker does possess some doubtful features which trigger the hoax alert. So, it would be better for traders to pick a different binary investment platform. One that is tested and proven to be safe.

Conclusion

Neutral_stamp_top10_BRPros

  • Up to 100% Welcome Bonus
  • Wide Choice of Accounts

 

Cons

  • No Mobile Trading
  • Minimum Deposit Of $500
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