Fildax Capital is a forex broker who offers trading instruments with many variety. It also offers many types of live accounts, Islamic and demo accounts. However, despite the security measures in place, it is currently not well-regulated.
Pros and Cons
Is Fildax Capital Legit?
Fildaxcapital was registered on May 14, 2024. As of now, the domain is in the “clientTransferProhibited” status, which means that it cannot be transferred to another registrar without first removing this restriction. The domain is set to expire on May 14, 2025. Besides, its current situation involves a lack of regulatory oversight or formal rules governing the subject or entity in question.
What Can I Trade on Fildax Capital?
In Fildax Capital, you can access over 19,000 stocks, over 1,200 listed options across equities, indices, interest rate, energy, metals and more, over 300 futures and other leveraged products.
Apart from trading, it also offers related services including investing, wealth management, investment advisory, smart portfolio and mutual fund advisor.
Account Type
Fildax Capital offers five types of live accounts including Bronze, Silver, Gold, Platinum and VIP accounts with the minimum deposits of €200, €10 000, €25 000, €50 000 and €100 000 respectively. Trader also can access demo accounts to practice their trading activities. Aside from the Bronze account, the others all support Islamic accounts. Besides, each account offers varying leverage. The Bronze account offer the leverage up to 50x, the Silver account up to 200x, the Gold account up to 300x, the Platinum up to 400x and the VIP account up to 500x.
Fildax Capital Fees
Fildax Capital charges commissions from 0.08% and it is free from UK stamp duty. Besides, it offers different spreads for various accounts. The Bronze account offers spread from 2.5 pips, the Silver account from 1.5 pips , the Gold account from 0.8 pips, and the Platinum and the VIP account from 0 pips.
Deposit and Withdrawal
Fildax Capital offers VISA and MasterCard to make a deposit and withdrawal.
Customer Service
Fildax Capital offers phone, email and Twitter for their traders.
The Bottom Line
In conclusion, Fildax Capital offers many trading products and related financial services with various accounts for their traders. It also offers flexible leverages and spreads. However, it has no regulation now.
FAQs
Is Fildax Capital a good for beginners?
No. Not only due to their unregulated status, but because their minimum deposit of $200 is rather high compared with other brokers.
Is Fildax Capital good for day trading?
No.
What security measures does Fildax Capital have in place to protect my funds and personal information?
It offers Negative balance protection and segregated and supervised client funds.
