Brief information about ImportCapital company
ImportCapital is a broker that provides flexible conditions for successful trading on financial markets. The company promises its clients education, special trading offers, and various widgets for convenient work. Currently, more than 62,000 traders are using the broker’s services.
Registration and licensing
The website is owned and operated by Incendiary Group LTD, registered at: 2021/IBC00031, 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. There is no information about the licensing of the dealing center from the financial regulator. The company does not disclose information about cooperation with supervisory authorities and the presence of permits to provide brokerage services.
Trading instruments and platforms
ImportCapital offers the MetaTrader trading platform, available for use on various devices. Clients also have access to the mobile version of the terminal.
- Currency pairs
- Stocks
- Indices
- Metals
- Energy resources
- Commodities
Trading accounts
There are 5 tariff plans available for trading with a minimum deposit of $250. The company offers a leverage of 1:200, tight spreads, fast order execution, and minimal slippage.
Account funding and withdrawal
ImportCapital does not charge commissions for account funding and withdrawal. Withdrawals take between 4 to 7 business days, and the minimum withdrawal amount is not specified.
Conclusion
The decision to collaborate with ImportCapital broker should be carefully considered, taking into account the lack of a license and registration information. Detailed reviews and opinions of other traders can help in making a decision.
Nikolai
As a beginner in investing, I have several disappointments with the broker, ImportCapital:
1. Lack of communicative skills: I feel that there has been a lack of clear and straightforward communication. As a beginner, I heavily rely on guidance and advice, but I can’t seem to get a hold of my broker as often as I need. It’s quite disappointing.
2. Inadequate guidance for beginners: I find your services not particularly newbie-friendly. You don’t have enough teaching tools and resources for beginners who are still learning about the stock market.
3. High commission rates: Even for small transactions, the commission rates seem disproportionately high. As a beginner, I’m not yet investing large amounts of money, so these high rates really eat into my potential profits.
4. Services are not up to par with the fees: Despite paying high fees and commissions, I feel that I do not receive services of an equivalent standard. For example, the trading platform is often slow and crashes from time to time, which is quite frustrating.
5. Delayed responses to queries: As a beginner, I have many queries to clarify. However, I feel that the broker does not place adequate importance in answering these inquiries quickly, leaving me in the dark and this could potentially lead to wrong decisions in investing.
6. Lack of transparency: I feel there’s not enough transparency when it comes to disclosing hidden costs. For example, some transaction fees and account maintenance fees were not made clear to me when I started, which is quite disappointing.
In conclusion, while I believe ImportCapital has its strengths, there is a considerable room for improvement, especially when it comes to catering to beginners.