Trusted UK-based broker here! Learn more at our Royal Capital Pro review

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Royal Capital Pro broker review

Despite a wealth of knowledge and tips that are shared on the Internet, scammers continue to thrive. One would assume that scammers would have been rooted out, but instead the opposite is happening. The problem isn’t that there isn’t information about scam brokers, because there is a lot of that, but the difficulty in knowing where to look. As much as there is accurate information, so is false ones as you may know from the recent spate of fake news around the world. This Royal Capital Pro review examines some of the information being spread about the company and determines whether they can be trusted or not. It is essential to learn this stuff unless you want to become a victim of fraud.


Min. Deposit:
$200

Trading Platform: MT4

US Clients: Not Available

Is Royal Capital Pro legit?

In order for you to determine whether a particular company is legitimate or not, you have to start from the foundation. In the case of a Forex broker, that is in learning about the company’s background. The basic information is provided on the website and you can get it from a simple Royal Capital Pro website review. Apparently, Media Zone Solutions LP is the actual company behind Royal Capital Pro, and it is there you need to focus. Media Zone Solutions LP is registered with the Companies House under company number SL025891. It is also based in Glasgow, Scotland, and has been in existence for two years.

Unfortunately, there isn’t much more information about the company other than that, which is very troubling. A legitimate company should have no problem revealing the names of key officials and other company details, but Media Zone Solutions reveals none. This is typical of a shell company that doesn’t actually exist, but only by name. Indeed, after checking the authenticity of the phone number provided on their ‘Contact Us’ page, it got us nowhere. This gave more insight into the Royal Capital Pro scam, since there was no way of tracing this company’s origins or officials. They also have a LinkedIn page, but it was completely empty with not one post in the two years the company has existed.

For everyone asking, is Royal Capital Pro a scam? The majority of the signs point at this statement being true. This is the first step to knowing whether a broker can be trusted or not – by getting to the bottom of the company. Besides, they are not even regulated by the FCA. Being registered with the Companies House does not lend any credence to the legitimacy of a broker since it is very easy to do so. Only FCA regulation for companies operating within the UK guarantees that the company can be trusted.

Most of all, the FCA ensures that all the Forex brokers adhere to the rules, including those on capital requirements. Scam brokers prefer not to dedicate a lot of money into their schemes, so this step automatically weeds out most of the scammers. Apart from that, the FCA has policies that ensure defrauded clients can be refunded for their losses as they continue to investigate. Royal Capital Pro is not regulated, hence the reason why so many Royal Capital Pro reviews are complaints by former clients about their monies. The worst part is that there is nothing the FCA can do, after all, they routinely warn investors not to trust unregulated brokers.

So far, there hasn’t been any good thing to say about the company in this Royal Capital Pro review, and that is because there’s nothing to recommend about the whole operation. Had any of those previous clients done the same research into the company, they would have quickly known about the Royal Capital Pro scam and not lost their money. Fortunately, you now know and don’t have to suffer the same suffering they did.

Which broker is the best forex broker?

BRKV – Every trader wants to find the best forex brokers. If you think the broker doesn’t matter when trading, you’re a fool. A broker plays as crucial a role in forex trading just as your strategy or tactic.

For example, you see a good price and decide to sell or buy, but the server of the broker is so slow that when your order is executed, the price has changed (we all know how fast the tide turns in this market) and you lose a chance to make profit, or worse, lose your money.

That’s just one example to show the quality of the broker has a profound impact on our trades. Therefore, we all want to find the best forex brokers. After years of trading and testing many forex brokers, our experts from BRKV have come down to the top 5 forex brokers in 2020:

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  • Exness Exness.com
  • XM XM.com
  • HotForex Hotforex.com
  • FXTM FXTM.com
  • FBS

Continue reading to learn how these brokers are the best forex brokers in 2020.

STANDARDS OF THE BEST FOREX BROKERS

I can see that many traders think choosing the right broker is easy. Just choose the one that has low cost, or the one that has licenses, or the one that has big bonuses. Well, they are wrong. The one with low spread may have high slippages. The one with big bonuses may have really slow servers. To choose the right forex broker, you must look at many aspects and factors. Sound like hard work, right? Fortunately, you’ve got BRKV here. After 5 years of trading with many different brokerages, I am confident to list down the 5 best forex brokers in my opinion. These are the standards that I use to evaluate them:

Trustworthy Trading costs Trading conditions Customer services
Regulations Spread Accounts Payment system
Historical activities Commission Quotes Local offices
Trading volume Slippages Trading platforms Availability
Rebate / Bonus Leverage

And based on the standards above, I think those 5 I mentioned above are the best forex brokers of 2020 . Now, let’s go over to see how they can meet all the requirements of the best fx brokers. Moreover, if five aren’t enough for you, check out this article about 10 best forex brokers in the world that I wrote earlier.

TRUSTWORTHY

Regulations of the best forex brokers

When talking about reliability, you mean security and safety. Can that broker keep your fund safe? Can it be trusted? What if it is a scam broker? How to know if a broker is reliable? The answer is regulation, my friends. Regulation is like a certificate that trusted and famous financial organizations in the world gives to brokers if the brokers can meet all the standards required. It represents standards, capabilities, and reputation of a forex trading broker. When a broker is regulated by those organizations, you can put your trust in them completely. All the 5 brokers I mentioned above have trusted regulations so there is no favorite one.

However, make sure that you know what kind of regulation your brokers have, because a regulation of an organization can only be applied to those in the same country. For example, a US regulation can’t provide any protection to traders from South Africa or Thailand. Regulation only means that that broker is reliable enough to work with. Therefore, a broker doesn’t have to have too many regulations. One trusted regulation is enough.

Trading volume of the best forex brokers

Another factor that can guarantee the credibility of a broker is their trading volume. If the trading volume of the broker is high, it means that there are many people trading with that broker. Look at the monthly trading volume of my 5 best forex brokers:

  1. Exness: $395 billion
  2. XM: $300 billion
  3. HotForex: $280 billion
  4. FXTM: $108 billion

One more thing is how popular that broker is. If the broker is famous, it means they are big and rich, which makes them more reliable. I have these results from Google Keyword Planner about the most popular forex brokers:

  • XM has around 40,000 search monthly. More details.
  • Exness has around 36,000 search monthly. More details.

Historical activities of the best forex brokers

Lastly, you should know things about your brokers in the past. For example, how they react to a certain event or crisis previously. Have they ever been accused with scamming? Or you can check their transparency. When it comes to transparency, no broker can beat Exness. Exness even upload all of their financial reports on their website Check here .

Learn more about Exness here Exness reviews.

TRADING COST

It’s not easy to make money from trading forex, which we can all agree on, so we need to find brokers who require little cost to trade on their platforms. The trading cost is the total expense we calculate from two main factors, spread and commission, and others.

Spreads of the best forex brokers

First, I will compare the spread of the 5 brokers I mentioned above. I can guarantee you that their spreads are among the best in the forex market. I will show you the spreads of the most popular currency pair, EURUSD. For more pairs, click the buttons next to the brokers.

So, you can see that Exness, HotForex, and XM are among the lowest spread brokers .

Commissions of the best forex brokers

Then, I’ll compare their commissions. All of them are commission-free for their regular accounts. For the ECN accounts, the commission rates are different. They have to charge commission for ECN accounts because the spreads then are nearly zero.

Exness commission $2.5 More details
HotForex commission $3 More details
FXTM commission $2 More details

Slippages of the best forex brokers

At this point, you may think that “Hey, I also see many other brokers who have even lower spreads and commissions.” You are right. There are tons of brokers who offer lower, why do I choose these five? Like I have said earlier, the total trading cost you have to pay depends on various factors, which slippages.

Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed. Slippage often occurs during periods of higher volatility when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade. Therefore, when you consider a broker, you should also pay attention to their slippage.

Exness guarantees that there is no slippage on their platforms. XM says it hardly happens. I have traded with all these three and here’s what I can say about it. All brokers have slippages. It’s a natural thing in forex trading. The important thing is how much the slippage is. Is it lower than other brokers (I think slippages that are lower than 100 pips is good enough)? How do brokers compensate their customers? I think Exness and XM are the brokers who can handle very well when it comes to slippages. Another thing I see that you really enjoy is bonus and rebate. Indeed they sound good in the beginning. But everything has two sides. If you’re not careful, bonus may be the bait of forex brokers to hook you. You can learn everything you need to know about bonus in my article Best forex bonuses.

TRADING CONDITIONS

Trading products of the best brokers

Sometimes, people don’t just trade currency pairs only. Sometimes the market can be very rocky, so traders must stay away from it for a while. That’s when they turn to other trading products or different currency pairs. Therefore, a good broker must be able to offer traders various and diverse trading products such as: cyrptocurrency, commodities, precious metals, or CFDs. So we’ll give you the brokers with the most trading assets:

  • Exness: currency pairs, metals, cryptocurrencies, energies, indices, and stocks.
  • XM: currency pairs, stock, indices, commodities, cryptocurrencies, stocks, metals and energies.
  • IG: currency pairs, commodities, bonds, crytocurrencies, digital100s, options, indices, interest rates.

Accounts of the best forex brokers

There are 3 levels we can use to rank trades, which are: beginners, normal traders, and professionals. So, a great broker is the one who can provide different types of account for all types of traders. The conditions of the accounts of the 5 brokers I chose are similar. They all have 3 classes of account for each targeted trader type: mini/micro accounts, regular accounts, and ECN accounts for each type respectively. You can check each broker’s account here:

Leverages of the best forex brokers

Another factor you should know is the account’s leverage. Leverage is the tool that most traders in the world would love. Often, British, American, and Japanese licensed brokers offer low leverage because they have to comply with these licenses of these countries. So as I mentioned above, brokers with many licenses are often less competitive. Among prestigious international brokers, the following forex brokers have the best leverage:

  • Exness: 1:Unlimited for accounts that have under $1000 and have traded over 5 lots. For accounts that have more than $1000, the leverage is 1:2000. Learn morehere.
  • Hotforex: 1:1000. Learn more here.
  • XM: 1:888. Learn more here.
  • FXTM: 1:1000. Learn more here.

The most popular thing we trade in the forex market is currency pairs. Currencies are quoted in pairs. For example, the most common currency pair, EURUSD, is the Euro versus US dollar pair. From the quote of this pair, we are able to identify the value of the Euro compared to the value of the USD. For example, the quote is EURUSD = 1.1346, which means you have to pay an amount of 1.1346 USD to buy 1 Euro. Each broker gets their quotes from different liquidity providers so you can understand that their quotes will be different as well. As traders, we should choose the brokers who can offer the best quotes. There are other factors such as requote, which you can find in this article Best no-requote brokers .

Platforms of the best forex brokers

But one thing I would like to stress on is the trading platform of the broker. Currently, MT4 and MT5 are the two most popular trading platforms in the forex market. Every broker has those two trading platforms. However, their platforms are different in terms of execution speed and execution quality. These factors can affect your trading greatly.

For example, when you see good news and predict a good price, you log in to put in that price. However, there are many others who predict and log in as well, and the server is too weak so you order can’t be completed. Eventually, you miss a huge chance to make money. That’s why you need to do some tests first before trading with a broker. You can deposit a small amount of money into those brokers (like 10 or 20 dollars) and trade with them for at least a month. Also, try trading when there’s big news to see how their servers work and how much their slippages are. After testing by myself, I can give you 2 brokers that have very low slippage rates:

CUSTOMER SERVICE

Support teams of the best forex brokers

Forex trading is difficult. The best fx brokers must be able to support their customers at all time and in many different languages. Most brokers assist their clients via live chat or email. However, I think the most effective way is a face-to-face conversation. That means it is better if the broker has local offices in your country or region.

Exness seems to have the best support team. This broker has very strong sales, support, and marketing team who is always available to the local markets. Besides, their IB network is also very strong. Therefore, if you have any problems, just chat with them on the website, and you will get the response instantly. Moreover, Exness supports clients 24/7.

You can find the contacts of my best forex brokers in 2020 here:

The payment methods of the best forex brokers

Last but not least, the payment system. You may think it is insignificant at first, but only when you really trade with a broker can you see how important it is. Most of the brokers are foreign, so you need to transfer and withdraw money overseas. That’s when the bank charge you transaction fees. Making money from forex is hard enough and now the banks take some from it? I don’t think so.

For example, when you transfer money via VISA card, it costs you 3 to 5% of the amount you transfer. The best fx companies must have various payment methods that are not only free but also convenient. Moreover, it needs to be fast. I used to have to wait days and weeks to withdraw my profit from a broker, which is really frustrating.

In this field, Exness has no competitor. How can Exness be so fast? Because Exness has an automatic withdrawal system that has zero human intervention. The machines of course make it quickest possible. Moreover, Exness also offers many local payment systems that are very convenient. You can deposit just $1 from your phone and it will take only 30 seconds and there is no fee at all. Yet the most advanced that only Exness can offer is that you can deposit/withdraw even on weekends. This is why most of traders like Exness. Here is my ranking:

  1. Learn more about Exness payment system
  2. Learn more about XM payment system
  3. Learn more about HotForex payment system
  4. Learn more aboutFXTM payment system

CONCLUSION

In the end, I think this is the most accurate rankings of my 5 best forex brokers:

Exness Open account now
HotForex Open account now
XM Open account now
FXTM Open account now
FBS

These five best forex brokers here are just the most suitable brokers for the major of traders. If you are still skeptical, you can open an account at each of them (they require very low minimum deposit). You can trade with them for 1 or 2 months to see if they really suit your trading style. I believe that you won’t be disappointed.

Gold Capital Pro Review: Goldcapitalpro.com Broker Scam Trickery Revealed!

Gold Capital Pro Review: Goldcapitalpro.com Broker Scam Trickery Revealed!

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Last Updated: Oct 6, 2020 @ 2:04 pm

Gold Capital Pro (Goldcapitalpro.com) is a hell of a Forex Brokerage firm that must be stopped immediately. Due to the numerous complaints we have received regarding Goldcapitalpro, we recommend you stay away from it. Alex Schwartz deposited $5000 with this forex broker, within a day, he had nothing. This points out that we are dealing with a scam. Alex is not the only one. Read on to find out the whole truth!

Gold Capital Pro Review:

Everest Tech LTD claims to be the company behind Gold Capital Pro. They claim to provide premium quality commodities as well as Forex. According to the website, this company was established in 2020 and has grown since then. Claims of providing unequaled value to customers are plastered all over their website. They also claim to provide enabling Forex trading conditions which are unmatched. All these we can confirm is pure lies.

Fake Customer Support.

Claims of having outstanding customer support services are all but lies. Gold Capital Pro claims to have a fast and high fulfilled ratio which is also unmatched. Gold Capital Pro claims of having humane personnel as support staff. Support staff is supposed to assist traders with a wide range of issues. Issues include opening accounts to transfers and withdrawals. According to the website, support staff can be reached via, email, phone, as well as live chat.

We tried getting in touch with them using all three mediums unsuccessfully. No assistance was forthcoming when opening an account. Contacting them via email proved futile since no email has been replied, and we have sent plenty. The phone number used is also phony as no one has ever picked our calls. This begs the question, why not just reply just one email?

Easy, these are scammers who don’t want us to know their identity. Yes, they don’t want us or the authorities to get wind of their activities. Gold Capital Pro is not legit and you will lose money once you register with them.

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Instead of dealing with Fake Forex brokers, you are advised to use tested and trusted brokers. These brokers are what other newbie and experienced traders use. You will never go wrong with having approved and recommended brokers. Also, you stand a chance of making real profits, not forgetting trading safely.

Fake Trading Platforms.

According to the website, Everest Tech LTD offers customers multiple modern and high developed trading platforms. Some of the platforms they claim to have include MetaTrader, xStation, and xMobile. GoldCapitalPro claims their MetaTrader is user-friendly and less sophisticated to use. What they fail to tell us is whether they are using MT4 or MT5.

xStation, on the other hand, is one of a kind trading platform being offered by Gold Capital Pro. They claim it’s a hybrid web-based trading platform that helps to merge real-time analytics. xStation uses encryption and trade sophistication that helps users get high-tech trading skills. xMobile is for those who are looking to trade on the go using mobile or tablets.

This is all tech jargon used to entice users into believing they are using a unique trading platform. This couldn’t be further from the truth. Our investigation revealed some disturbing details regarding this trading platform. One of them was we could not download any of these platforms on our devices. Why? Simply because Gold Capital Pro is fake and manipulated.

Fake Tight Spreads.

According to the GoldCapitalPro’s website, they offer competitive spreads. We must also mention that these scammers claim to reduce the cost of trading for clients. Promises of quick ROI on investments can be seen on their homepage. Quick ROI promises are usually what scammers use to trap victims.

They know that people are desperate to get quick money, hence ROI promises. Note that this is what most Ponzi schemes offer. These are the same methods and we should bluntly point them out. Ensure you don’t fall into Gold Capital Pro hands as you will never recover from it.

Fake GoldCapitalPro Founding Team.

You can see that they claim to have an experienced founding team. This team is not mentioned nor do we know their actual names. According to Gold Capital Pro, the founding team has more than 20 years’ experience in capital markets. Experiences they taunt to have include asset management, investment banking, brokerages, and successful trading. Dear readers, all these is meant to legitimize their scam.

Why don’t they mention a single name of any of these founders? Why not name one member so that we can easily reach out to them for clarification. The reason is this, they don’t know what they are saying. None of them is experienced in any field relating to Forex trading. The only experience they have is being seasoned scammers.

Why trade with Fake Forex Brokers when you can use Real and Trusted Forex Robots? These Robots are known to make reasonable profit margins. Traders who use Forex robots feel safe and comfortable trading. Money is always safe and investors stand a chance of making real money with Forex robots.

Account Packages on Offer.

Gold Capital Pro claims to have irresistible account packages for traders. They don’t mention what these trading account packages are but we can take a wild guess. We believe all these packages are a plot to make users think its easy to get money with Gold Capital Pro. Claims of having over 350 ways to trade are not valid. They don’t tell us any or just one of these trading ways of trading.

We are sure what these scammers are purporting is that you can make money with Gold Capital Pro. They offer personal training, low commissions and a secure trading platform.

They offer four different account packages. Standard, Classic, Premium and Gold account. Minimum required deposit for a standard account is $500. The classic account also offers a minimum deposit of $500 to start trading. The premium trading account goes for $20,000 while the gold account is $50,000. The minimum trading amount is way too high than the standard $250 for real brokers.

Gold Capital Pro Payment Methods.

There are three different payment methods to choose from. MasterCard, Visa, and Maestro. Please note that we highly are against users depositing money with any of the above venues. Why? Gold Capital Pro has been blacklisted by the Spanish authorities for credit card fraud. When you make payments, these scammers will ask for your credit card details and steal all your money.

This is what happened to Alex Schwartz, he paid using his credit card and gave out his credit card details. Scammers, on the other hand, used his card details to steal money he had in his account. This is why we are against users paying using credit cards when it comes to Gold Capital Pro.

Is Gold Capital Pro a Scam?

Gold Capital Pro is without a doubt a scam. You should stay clear of it and ignore all messages or emails asking you to join. Most Europeans have been scammed using this FAKE forex brokerage firm. Stay away from it completely.

Gold Capital Pro Final Verdict.

We have no other option but to blacklist Gold Capital Pro as a scam. Due to the numerous complaints floating around the web, it’s clear this is a scam. Stay clear from it and no problems will come your way.

Instead of dealing with fake Forex brokers, you can rely on trusted and tested Forex brokers. These brokers have been in the industry for long and most experts and newbie traders use them. You can also make money with forex trading by only using an approved and reliable forex broker. Stay safe and all the best!

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