BrokerageCapital Review
Warning: Cyprus Watchdog Revokes License of P.M. Investment Capital (Holding Company)
Warning: BrokerageCapital Websites is Offline
Editor’s Note – Why does BrokerageCapital Suck in 50 Words?
BrokerageCapital.com might not suck because it is more than just a pretty new face. This relatively new broker is based in Cyprus and in the process of getting CySEC regulated, at least from what I can find. Until then BrokerageCapital.com, or BC for short, is a cutting edge broker built on the Keystone platform and offering a full array of binary options.
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Why BrokerageCapital doesn’t Suck?
BC might suck because even the best brokers suck sometime and this isn’t the best broker. It’s a good one but at this time they still have some limitations that may keep you away. For one, the asset list is good but not all the assets on the list are available. Another reason BC might suck is because the minimum trade is $200. This isn’t so high to keep everyone away but it is high enough to keep away some of the newer traders with smaller accounts.
BrokerageCapital Full Review – Blowing Name, Normal Product
BC is a Cyprus based binary options broker based on the Keystone trading platform. The brokerage is operated by PM Investment Capital and is one of the top new brokers on the market. Since they first began operating late last year the broker has been making strides to improve itself and its offerings. At this time BC is in the process of complying with CySEC regulation. Signing up is easy and requires no deposit. In fact, there are also no deposit minimums of any kind (according to the terms) but they are limited to credit cards and wire transfers only. Withdrawals can be as fast as 48 hours for qualifying accounts but will likely take up to 14 days as per the terms of use. Bonuses are available for all depositing customers but they must be requested and come with a 30X trading volume minimum.
The platform itself is quite good and can only get better. Standard Digital binary options as well as Turbo, Touch, One Touch and Range are available. Turbo is the Keystone word for super short term 60 second and 2 minute binary options. The asset list is very extensive but like a lot of newer brokers they list way more than they actually support at this time. The good news is that this is a growing broker so they should be able to add more in the near future. At this time there are about 2 dozen forex pairs including Bitcoin and Litecoin, 6 commodities, 3 dozen indices and about 100 stocks.
Expiry is unique with this broker. Starting off there are the 60 seconds, 2 minute and 5 minute turbo options but from there it varies from asset class to asset class. Commodities all have an end of the month expiry with the more heavily traded having an end of next month expiry as well. Stocks and indices tend to have intraday expiry with 30 minute intervals. The Forex pairs are where it gets really interesting, there are intraday, end of day, end of tomorrow, end of the month and for the most heavily traded an expiry 5 or 6 months out.
Is BrokerageCapital A Scam?
It is not likely that this broker is a scam. It is a relatively new broker and one without much history but it is also a broker based on a great platform. It is likely that there will be some complaints from traders, that is only natural as some traders just can’t take responsibility for their own losses. You can rest assured that we at BOTS will keep an eye on this broker to see just how they evolve. I am expecting good things but only time will tell.
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BrokerageCapital Complaints
So far there are not too many complaints but the broker is still quite new at this time. For the most part comments on other websites are pretty tame and very possibly written by the reviewers themselves. The only real complaint that I could find is that one person says the minimum deposit is actually $200 when the terms would lead you to believe otherwise.
BrokerageCapital Bonuses
BrokerageCapital offers a progressive bonus system based on your deposit size. All depositors are eligible for a bonus but it must be requested upon sign up. Bonuses come with a 30X trade volume in order to clear for withdrawal but unlike most other brokers, the initial bonus amount is not available for withdrawal regardless of the meeting the minimum. You can withdraw your deposit and any profits, just not any of the bonus money itself.
BrokerageCapital Withdrawals
Withdrawals are limited to credit cards or wire transfers and have a $100 minimum. The first withdrawal each month is free but each additional withdrawal will cost $30. Withdrawals for standard accounts may take up to 10 business days (two weeks) but VIP accounts may qualify for 48 hour withdrawals. Because the minimum deposit is $200 that effectively makes the minimum for credit card withdrawal $200.
BrokerageCapital Extra’s
When looking for an extra or bonus feature on a binary options broker I like to see something that no other broker has. This broker unfortunately does not have anything truly unique but it is still a broker worth checking out.
BrokerageCapital Ratings
User Friendly 14/20
This is a very easy to use platform. Keystone is well laid out and easy to navigate. The options are simple to understand and there is no downloads required. Nevertheless, the platform feels about slow though, and the product is not 100% polished.
No. Of Assets And Expiry 17/20
The number of assets listed on the asset index is stellar, the bad news is that they list way more than they actually offer. The good news is that they still offer a lot of assets including more than 2 dozen forex pairs, more than 30 indices, a half dozen different commodities and over 100 stocks. The expiry are also good but limited when compared to brokers like StockPair and EmpireOption. BC has 60 second trading, 2 minutes, 5 minutes, 30 minutes, end of day and out for some of the most heavily traded assets. No longer time frames.
Commissions, Support and Effective Returns 16/20
Commissions are non existent with BC as they are with all binary options brokers. The only fees are for withdrawals after the first free monthly withdrawal. Returns are advertised as up to 85% on standard digital trades but the effective rates of returns are more in the 70-75% range. Support is good, provided you have a large account otherwise expect average at best, which is pretty standard.
Deposits, Payments and Bonus 15/20
Depositing is mostly easy. I say mostly easy because they only accept credit card and wire transfers, no e wallets at this time. The terms and conditions say that there is no limitation on deposits but in actuality the minimum is $200. Some accounts may be eligible for 48 hour withdrawals but the standard accounts will take up to 14 days. There are bonuses available for any deposit upon request and all come with at least a 30X trade minimum. According to the terms the original bonus amount can not be withdrawn but any profits stemming from the trading are so long as the bonus terms are met.
Website Extra’s 8/20
Features of the website include three different views of the platform for different trading styles. There is also an early out feature available on most trades. The asset list, although not as big as they claim, is still pretty good and includes Bitcoin and Litecoin forex pairs.
BrokerageCapital Overall Ratings = 70/100
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