Beware! Connexar Capital is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Connexar Capital is yet another case of a website posing as a regulated and even award-winning forex broker, but is in fact a scam targeting people without sufficient knowledge of financial trading. In this review, we will show you how to tell the fake brokers from the trustworthy ones, using Connexar Capital as an example.

Connexar Capital Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Connexar Capital
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The first thing to look for in a forex broker’s website is which legal entity runs it, where it is based and what regulatory oversight it is subject to. The availability of such information does not guarantee that it is not false or misleading. Therefore, you should always do a fact check before you put your money on the line.

Connexar Capital  alleges that there is a company, ConnexarCapital Ltd, which is licensed by the Financial Conduct Authority (FCA) in the United Kingdom, but is also incorporated offshore – in Saint Vincent and the Grenadines (SVG). We have found no evidence that this legal entity exists.

We do not find a licence in the FCA database, but a warning that Connexar Capital is not authorised.

SVG is an offshore zone with no broker regulations in place. As soon as you open the website of the local Financial Services Authority you see a warning that the institution does not licence forex and other types of brokers and does not supervise the activities of International Business Companies engaged in such activities.

Some large brokerage firms set up offshore subsidiaries, including in SVG. The aim is to be able to compete successfully in unregulated emerging markets in Asia and Africa. But these companies want to maintain a good brand name, which is why they provide guarantees and transparency even for clients of their unregulated divisions. This cannot be said of Connexar Capital, which is simply an unregulated company that may or may not offer the services it claims.

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the Financial Conduct Authority (FCA). They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts.

Connexar Capital Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Connexar Capital platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Connexar Capital  promises the industry’s most popular trading platform, MetaTrader 5 (MT5). But the download links for the platform offered by Connexar Capital were not functional. At the time of writing this review, Connexar Capital does not have any trading software.

It is advisable to contact one of the many legitimate brokers that offer MT5 or the still very popular MT4. These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Connexar Capital Trading instruments

Connexar Capital
FP MarketsYesYesYesYesYes

Connexar Capital  advertises trading in currency pairs and CFDs, commodities and indices. But we have no guarantee that this unregulated website offers real trading. In fact, you can be pretty sure that the trading offered by such websites is fictitious.

Connexar Capital Spreads and cost of trading

Connexar CapitalXMFP MarketsOcta
Spread EURUSD1.
Spread GBPUSD1.91.31.5x
Spread USDJPY1.91.31.5x

Connexar Capital  promises a standard price of less than 1.9 pips. But as noted, the lack of a licence and of software means that this supposed broker cannot offer real trading.

Connexar Capital Maximum leverage

Connexar Capital 400:1100:110:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

On Connexar Capital website we see two different versions of the maximum leverage – 1:400 and 1:500. Both of these levels significantly exceed what is allowed to brokers who are truly licensed in the UK. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Connexar Capital also offers deposit bonuses and other promotions. This practice is also prohibited by most financial regulators. If you are nevertheless willing to take the risk of high-leverage trading and want to take advantage of bonuses, promotions and prize games, the best option is to use the services of offshore brokers operating under an established brand.

Connexar Capital Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Crypto24 hours24 hoursFee depends on crypto

Connexar Capital allows deposit of funds through cryptocurrencies and bank transfer, with the latter option only available for customers in India. Both payment methods do not allow you to request a refund or chargeback.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Connexar Capital Minimum deposit

Connexar CapitalXMFP MarketsOcta
Minimum deposit$100$5$100$100

Connexar Capital  requires a minimum deposit of 100 USD. For the same or often lower amount you could open a starter trading account with a properly licensed and reputable forex broker.

Connexar Capital Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Connexar Capital 500xNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Connexar Capital  does not provide clear information on withdrawal terms and fees. The conditions related to bonuses are vaguely and confusingly described, but as far as can be understood, a bonus of 5,000 USD requires trading 500 lots within five months.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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