ConneXar Capital

ConneXar Capital is a retail forex and CFD broker operating under the trading name Connexar Capital LTD. The broker was established in 2022 and is registered in the Comoros, with a registered address in Hamchako, Mutsamudu, on the Autonomous Island of Anjouan. Additionally, the broker lists a physical address in Bengaluru, India, and claims incorporation in England and Wales under company number 13914199.

As a relatively new broker, ConneXar Capital presents itself as a provider of online trading services with a focus on the MetaTrader 5 platform. The broker targets traders seeking flexible leverage and multiple account options. Despite its brief operating history, the broker has established an online presence through its website, Facebook, LinkedIn, and YouTube.

ConneXar Capital claims to be regulated by the International Brokerage and Clearing House License in Comoros, with license number L15695/CC. However, this claim is not independently verifiable through major regulatory databases. The Comoros license is not recognized by established financial regulators such as the FCA, CySEC, or ASIC, and provides limited investor protection.

In FXCanary's assessment, the broker is not regulated by any major financial authority. The risk score assigned by aggregated industry data is 75 out of 100, indicating a severe risk level. Traders should exercise caution when considering this broker due to the lack of robust regulatory oversight.

ConneXar Capital offers three live account types: ConneXar Standard (minimum deposit $100, maximum leverage 1:400), ConneXar PRO ($500, 1:300), and ConneXar ECN ($1,000, 1:200). On its website, these accounts are labeled as Standard, Ultra, and Professional, respectively, with slightly different spread specifications. All accounts are based on the MetaTrader 5 platform and support micro lots.

Spreads vary by account type: Standard from 1.9 pips, PRO from 1.3 pips, and ECN from 0.2 pips. Leverage of up to 1:400 is available on the Standard account, which is considered high. Margin call is set at 50% and stop out at 30%. The broker states execution is STP & ECN with 75ms speed.

The broker exclusively offers the MetaTrader 5 platform, available on Windows, Mac, iOS, and Android. The platform provides advanced charting, automated trading via Expert Advisors (EAs), and real-time market data. ConneXar Capital also offers copy trading services, allowing traders to replicate the trades of signal providers.

ConneXar Capital claims to offer over 150 tradable instruments, including forex currency pairs (major, minor, cross, and exotic), indices, precious metals, and shares via CFDs. The full list of instruments is not comprehensively detailed on the website, but examples include EUR/USD, GBP/USD, USD/JPY, and various index CFDs.

Funding accounts with ConneXar Capital can be done via credit/debit cards, Neteller, Skrill, online banking, and bank wire transfer. Cryptocurrency deposits via USDT are accepted with a $50 minimum. The minimum deposit for fiat currencies is $100. The broker advertises zero withdrawal fees and processing times of 2-3 hours for deposits and within one business day for withdrawals.

The broker also offers promotional bonuses, including a $50 no deposit bonus and a 50% welcome bonus, though these are subject to terms and conditions that traders should review carefully.

ConneXar Capital provides customer support via live chat, email (support@connexarcapital.com), and a contact form on its website. The physical address in Bengaluru, India, suggests a local office for client relations. Phone support is available at +91 9945505962 and +44 7418 355721.

For complaints, the broker directs clients to email the support address. However, given the lack of a recognized regulatory ombudsman, dispute resolution may be limited. Traders are advised to fully understand the broker's terms and conditions before committing funds.