Capivo – Are They Trustworthy?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Capivo - DO NOT TRADE WITH THIS PROVIDER
2.2/10
$100
Minimum Depositupdated 2024
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% 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
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://capivo.com
Founded: 2024
Regulations: Unlicensed
Languages: Spanish, Portuguese
Deposit Methods: Visa, MasterCard, CashU, Bank Transfer, Skrill, Neteller, PayPal, Bitcoin, Sofort
Minimum Deposit: $500
Free Demo Account: Not offered
Number of Assets: 250+
Types of Assets: Currency Pairs, Cryptocurrencies, CFDs, Indices, Raw Materials
Trading Accounts and Conditions
Capivo offers their clients the following types of trading accounts:
- Essential: The deposit range is from $500 to $5,000. The leverage is a maximum of 1:200.
- Standard: The deposit range is from $5,000 to $10,000. The leverage is a maximum of 1:400.
- Premium: The deposit range is more than $10,000. The leverage is a maximum of 1:600.
Spreads are only termed variable on their Account Types page. However, when you check their platform, the spreads are at 3 pips for the EURUSD and USDJPY pairs and at 4 pips for the GBPUSD pair. Other trading conditions are also not specified.
Capivo – Advantages
There are no advantages to trading with Capivo.
Capivo – Disadvantages
Here is a list of all the issues we have found with Capivo that tell us that we cannot trust this broker:
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Lack of Regulation
At the footer of Capivo’s website, the broker provides us with an address in the Marshall Islands under the name of Albi Corporation Ltd. In the Contact Us page, there are multiple phone numbers provided: for Chile, Brazil, Peru, Panama and Mexico. No other pertinent details such as the broker’s registration number, license number or the name of the authority that has authorized this broker are provided.
There are many red flags here that we need to expose.
The first is that this broker is based in the Marshall Islands. This offshore location is very popular with scammers due to the very lax regulations for financial services companies such as forex brokers.
The second is the glaring lack of information about Capivo’s regulation status. Considering the fact that the broker’s website is available only in Spanish and Portuguese, and the contact numbers for the Spanish- and Portuguese-speaking South American countries, we can safely assume that these are the regions the broker is targeting.
Based on the above assumption, we checked the online records on the CNMV (Comision Nacional del Mercado de Valores) – the Spanish financial regulator. We found out that this broker is not registered with the CNMV at all. With no other regulatory information, we can only conclude that this broker is not regulated at all. And this means that Capivo is a scammer, operating without a valid license and illegally.
82% 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
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
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.
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Blacklisted by CNMV
Wen we checked the CNMV’s online records, we found out something very alarming about Capivo. This broker has been blacklisted by the Spanish regulator and a warning has been issued against them.
The CNMV clearly states in their warning that Capivo is not a broker to be trusted and that dealing with them would be dangerous.
When a regulator of the CNMV’s standing issues a warning against a broker, it is wise to heed that warning. These warning are only issued after the regulator receives a large number of complaints against the broker and then the matter is investigated.
So, there can be no strong proof of a broker’s fraudulence than a warning by a financial regulator.
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Issues with Trading Platform
Capivo claims to offer their clients an advanced trading platform. This unfortunately is just more lies on the part of the broker.
While Capivo does offer two versions of their trading platform – a desktop and a web-based one, the quality of the platform leaves a lot to be desired. This is simplistic software with limited functionality. This is not the kind of platform that a legitimate and reliable broker would ever offer their clients.
When a broker offers this kind of a poorly-constructed trading platform, something that is any broker’s single product offering, then you know that you are dealing with a scammer.
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Issues with Trading Conditions
The use of any broker’s trading platform comes with trading conditions.
The conditions include terms such as the cost of a trade (spreads + commissions), risk (leverage), order execution methods and so on.
When these conditions are skewed, missing or incomplete, then we know the broker is a scammer, No legitimate broker would fail to give all details about their trading conditions on their website. And neither would they not provide a demo account where their customers or prospective customers are able to test out their trading conditions and platform.
With Capivo, we find incomplete and unfair trading conditions. The minimum deposit requirement is too high at $500. The industry standard is between $100 and $250. The spreads are too high at 3 and 4 pips. Commissions are not mentioned, so we don’t really know the real cost of trading with this broker. And the leverage is illegally high at 1:600. In the European Union (and many other parts of the world), there are strong limits to how much leverage you can offer your client. And in the EU, that limit is 1:30.
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Issues with Payments
In one section of their website, this broker claims to offer multiple payment methods – Visa, MasterCard, CashU, Bank Transfer, Skrill, Neteller, PayPal, Bitcoin, and Sofort. However, in another section, only a few options are made available – Bank Transfer, Credit Card, Skrill.
These discrepancies tell us clearly that we cannot trust this broker.
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No Legal Terms
While Capivo has a Legal section, when you click on the Terms and Conditions link, all you get is a small, single paragraph of nonsense.
The legal terms are the contract between the client and the broker. If these are missing then it is a clear sign that the broker is a scammer.
Conclusion
Capivo is a scammer and therefore not trustworthy. Investing your finances with this broker would be dangerous.
Capivo
Pros
- None
Cons
- Lies About Regulation
- Blacklisted by CNMV
- Issues with Trading Platform
- Issues with Trading Conditions
- Issues with Payments
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% 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
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
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.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more