General Information & Regulation
Exclusive Capital is the trading name of Exclusive Change Capital Ltd, which is authorized a straight-through license by the Cyprus Securities and Exchange Commission in 2017 (license number: 330/17). Exclusive Capital Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.
Exclusive Capital Market Instruments
Exclusive Capital offers investors 45 pairs of Forex currency pairs and CFDs on stocks, commodities, precious metals, and several indices.
Minimum Deposit
Exclusive Capital offers three different types of trading accounts on its platform: Basic (minimum deposit of $1,000), Gold (minimum deposit of $5,000), and Exclusive (minimum deposit of $25,000). The minimum trade size is 0.01 lots for the Basic and Gold Station accounts and 0.1 lots for the Proprietary account. The initial deposit of 1,000 is way too high for most regular traders to get started.
Exclusive Capital Leverage
In respect to trading leverage available on the Exclusive Capital platform, the maximum trading leverage for forex trading is 1:200. Some professional traders may hold that the leverage level is conservative, while inexpericed traders are not advised to use this high trading leverage.
Spreads & Commissions
The official website of Exclusive Capital shows a EURUSD spread of 0.2 pips for the basic account and a trading commission of $10 per lot, which corresponds to a EURUSD spread of 1.2 pips. The EURUSD spread for Gold accounts is 0.2 pips, and the commission is $8 per lot. The EURUSD spread in the proprietary account starts at 0.2 pips, and the trading commission is $6 per lot. However, in the demo account, the EURUSD spread was fixed at 3 pips.
Exclusive Capital Trading Platform
Exclusive Capital offers traders a choice of two trading platforms, the market-leading MT5 trading platform or NetDania, trading, charting, and information platform developed by Danish company NetDania Creations. This full-featured trading platform is cloud-based and easy to use, but unfortunately, it is not yet available for testing with demo accounts.
Deposit & withdrawal
Exclusive Capital supports traders to deposit and withdraw funds to and from their investment accounts via credit/debit cards, wire transfers, as well as the popular Skrill, WebMoney, and Neteller.
Exclusive Capital Customer Support
Exclusive Capital official website displays some detailed telephone and email address for its branches. Unfortunately, live chat is not available, though it is the quickest methods to get responded.
Exclusive Capital Pros & Cons
Exclusive Capital advantages include:
1. CySEC Regulation
2. Two trading platforms to choose from, MT5 & Netdania
3. Multiple deposits & withdrawal methods
4. Three types of accounts to choose from
Exclusive Capital disadvantages include:
1. The spreads in the demo account not consistent with the official website
2. High initial deposit requirements