Capplace Scam Broker? My Experience Trading with Capplace

As a forex trader, I’ve always been cautious when choosing a broker. With so many options available, it’s easy to fall into a trap. I recently tried Capplace, a forex and CFD trading platform, after reading mixed reviews. Some traders called it a legit broker, while others suspected a Capplace scam. I decided to test it myself and share my experience to help others make an informed decision.

My Trading Journey with Capplace

I signed up with Capplace about four months ago, starting with a $1,000 deposit. The platform looked promising, offering a variety of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Initially, my trading experience was smooth. Execution speed was decent, and I was able to make some small profits.

However, as I increased my deposit and trading volume, I started noticing issues that made me question if **Capplace is a legit broker or a potential scam.

What Went Well:

Variety of Trading Assets – Capplace offers forex, indices, commodities, stocks, and crypto CFDs.

User-Friendly Platform – The web-based platform is easy to use, even for beginners.

Competitive Spreads – Spreads on major currency pairs were reasonable.

Red Flags & Concerns:

Unexpected Fees – I noticed additional fees on some trades that weren’t clearly disclosed.

Withdrawal Delays – My first withdrawal request took over a week to process.

Slow Customer Support – Responses were inconsistent, and some queries went unanswered.

Capplace Trading Assets – A Breakdown

Capplace claims to offer a wide range of trading instruments across different markets. Here’s a closer look at what’s available:

While the selection of assets is decent, the **trading conditions lack transparency**. For instance, leverage and spread details are not clearly outlined on the website, making it difficult to plan trades efficiently.

The Withdrawal Issue – A Red Flag?

After successfully trading and reaching $3,500 in profits, I requested a withdrawal of $2,000. That’s when things took a turn.

- My withdrawal request was “under review” for several days.

- Customer support gave vague answers, saying it was a “routine security check.”

- After 10 days, I finally received my funds, but I was charged a high processing fee that wasn’t mentioned earlier.

Warning: Some traders have reported similar issues, with withdrawals taking weeks to process or even being denied without explanation.

Customer Support – Another Concern

A reliable broker should have responsive customer support. Unfortunately, Capplace fails in this area.

- Live Chat – Often unavailable or with long wait times.

- Email Support – Took 3-5 days to receive generic responses.

- Phone Support – Not available in all regions.

When I raised concerns about delayed withdrawals and unexpected fees, support representatives avoided giving clear answers, making me question the broker’s credibility.

Final Verdict – Is Capplace a Scam?

After my experience, I can say that Capplace is not a fully transparent broker. While it offers a range of trading assets and a functional platform, the withdrawal delays, hidden fees, and poor customer support are major concerns.

Pros & Cons of Capplace

Pros:

- Wide selection of trading instruments.

- Competitive spreads on forex pairs.

- Easy-to-use trading platform.

Cons:

- Withdrawal delays & high fees.

- Slow and unresponsive customer support.

- Lack of transparency in trading conditions.

- Hidden fees on trades.

Final Recommendation: If you are considering trading with Capplace, I strongly advise starting with a small deposit and testing withdrawals early. There are better, more transparent brokers available in the market.