Overview

Is CapitalBankMarkets a Scam Binary Options Broker?

Read 100% Detailed & Full CapitalBankMarkets Review

Trading Platform, Account Types & Bonuses – See Below!

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Details

BrokerCapitalBankMarkets
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$250
Free Demo Account Open FREE Demo
Overall Score3.2/10

Full Review

Capital Bank Markets is one of the newest binary options trading brokers to hit the market. They were advertised through a massive online campaign.

We decided to test their platform, features and services and also go through the traders’ feedback to determine whether they are legit or just another scam. Read the full review to find out more about the Capital Bank Markets broker.

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Is CapitalBankMarkets A Scam?

With so many new brokers launching every now and then, it is important for investors to be careful when it comes to choosing a safe broker. Traders must be sure that they avoid scams and brokers that are dishonest.

Based in London, United Kingdom, Capital Bank Markets is a reputable and legit binary options broker. They are said to have a dedicated team of professionals who are available round the clock to help their clients become successful in binary options trading. But a simple research and online check up shows that this is most likely not the case. Traders are constantly alarming about troubles with the binary broker’s withdrawal method which is not very reliable.

There is an online form which has to be filled out. Then printed for a handwritten signature. After that users have to scan it and email it for approval. This is a very tedious process and some have never managed to withdraw their earnings.

CapitalBankMarkets Trading Platform

cbm platform

Capital Bank Markets offers a very limited scope of investment opportunities to meet the needs of traders. This binary broker platform has been designed in such a way that it is completely not intended for newcomer traders. It is also complicated and tough to navigate through. Users are not exposed to an abundance of assets to choose from. Only a few are included from the four main categories which include indices, stocks, commodities and currency pairs.

Expiry times range from seconds and minutes to hours and days. The online Educational Center of the binary options broker does not have much learning materials. Nor does it provide any practical tips and advice.

Account Types and Bonuses

There are 9 different types of accounts to choose from. These include Student, Green, Gold, Platinum, Black, Algorithmic HFT5, Algorithmic HFT5 with Analyst Overview, Analyst Managed Account and finally the Capital Bank Club 47.

All of these account types have their particular disadvantages and their initial minimum deposit also varies. Bonuses are also offered to new clients. They are called Welcome Bonuses and not everyone is able to receive them. In fact, a lot of investors never got offered the chance to obtain them.

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How To Get Started with CapitalBankMarkets?

  1. Sign Up: to be able to get started to Capital Bank Markets, you have to open an account. You can choose from the 9 different types of accounts and make a deposit.
  2. Place Initial Deposit: There are different amounts so it all depends on the type of account the trader has. Also, the bonuses one is or isn’t entitled to.
  3. Withdrawal: Here lies one of the problems with this binary options broker. The whole process is long and tedious and one can really get caught up in it.

Deposit & Withdrawal Procedures

To make a deposit, the minimum amount required is $500. But, students can set up an account for a lower monetary amount. Deposit methods include bank transfers, debit cards, credit cards and many forms of eWallets – CashU, Skrill and others. Deposits are instant, while withdrawals are only processed after you submit the request form.

The withdrawal procedure is quite complicated and monotonous. First, traders have to fill out an online form of the request. Then, they have to print and sign it. The use of electronic signature is prohibited. Then, investors have to scan it, upload it and send it to the broker. After all this is over they are supposed to await a response to their withdrawal request.


Support Information

The level of customer support offered by Capital Bank Markets is not very high. The binary broker platform’s support team is not always available. The service is often unreachable. Their customer support team can be reached via phone or email.

Conclusion

t10SIG_objective_stampThere is insufficient accessible data to make the conclusion whether this binary options broker is legit or a scam. We hold the stand that every trader should be very cautious when proceeding to invest with Capital Bank Markets. It is best to opt for a more reliable and trustworthy one.

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BONUS: Get Risk Level Control Feature to set and minimize the risk of losing funds.