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Is Capital Hall a scam broker?
The offshore broker CAPITAL HALL has a wide range of offerings from CFDs to foreign exchange. This broker offers its services on four different account types. It also claims to provide these services commission-free on the MetaTrader platform. Please go through this scam broker review before making any investment decisions.
About CAPITAL HALL:
Some advantages of CAPITAL HALL include the following things. This broker provides trading on the MetaTrader platform. The MT is one of the most loved and used trading platform in the world and around 80% of the traders uses it. This platform provides an extraordinary and competent trading environment. The trading charts provided by MT are first-class with several trader friendly optimizations.
Another advantage we came across about CAPITAL HALL is its plethora of trading instruments. It offers more than forty FX pairs, several CFDs on many commodities, indexes, cryptos, shares, and metals. These provided instruments are enough to attract all types of traders. One more super advantage of CAPITAL HALL is, it provides higher leverage ratios. The leverage is 1:300 and can benefit a high profit from high leverages. Unfortunately, it also comes under disadvantages as this can make huge losses as well.
Now we will tour you the most important aspects called the disadvantages of CAPITAL HALL.
To start with, Capital Tech Ltd. A company based in the Marshall Islands is the owner of CAPITAL HALL. We have come across several scam brokers associated with the Marshall Islands-based companies. The most important disadvantage of CAPITAL HALL is, it is boycotted by several financial regulatory authorities around the globe. The Austrian financial body Financial Market Authority issued a warning against it. Also, CONSOB the financial body of Italy issued notice to Capital Tech Ltd for conduction illegal and unauthorized broker business on its territory. There are several subsidiaries of Capital Tech Ltd. Like PBN Capital, Invest, and Trade are also blacklisted.
The CAPITAL HALL provides a wide variety of payment and withdrawal channels. The withdrawal channel is tied with disgusting clauses. The terms and conditions of the CAPITAL HALL mention the prerequisite of trading volume to withdraw, withdrawal fees on multiple withdrawals in a month, also some maintenance and service fees. Another disadvantage comes from the trading conditions. The spreads associated with EURUSD pair are 2.8, 2.5, 1.5, and 0.1 pips on Basic, Advanced, Pro, and Expert accounts respectively. This spread is higher and unacceptable to most traders.
Is CAPITAL HALL scam or legit?
From the above discussion, answering this question is simple. The disadvantages of this broker surpass the advantages in our research. The CAPITAL HALL is unregulated and unlicensed. Furthermore, the trading conditions are not favorable to trade with. We must advise you to avoid this potential scam broker.