About MAKE CAPITAL
Overview
Make Capital is a retail forex and CFD broker registered in the Cayman Islands, operating under the regulatory oversight of the Australian Securities and Investments Commission (ASIC) and the Financial Services Conduct Authority (FSCA) of South Africa. While the broker's official website claims a founding date of 2010, our records indicate its registration in the Cayman Islands dates to June 2019. This discrepancy may reflect a rebranding or corporate restructuring. The company is headquartered at Artemis House, Fort Street, Grand Cayman, and offers trading services to a global clientele, including both novice and experienced traders.
Regulatory Framework
Make Capital holds two regulatory licenses: an ASIC Securities Trading License (STP) in Australia, and an FSCA Derivatives Trading License (EP) in South Africa. Both licenses are listed as 'Regulated' with active status. However, the broker's registration in the Cayman Islands, a commonly used offshore jurisdiction, may raise questions about the extent of client protection compared to firms solely regulated in major financial centers. Traders should be aware that the regulatory oversight from ASIC and FSCA applies to local operations, while the Cayman Islands entity may be subject to different rules.
Trading Conditions
Make Capital provides four account types: CENT, PLUS, STD, and ECN, each with a minimum deposit of $20 and a maximum leverage of up to 1:2000. The broker also advertises a Swap-Free account on its website, though it is not listed in the official account table. All accounts offer the same maximum leverage, which is notably high and typical for brokers targeting risk-tolerant traders. Instruments available include forex, indices, metals, commodities, cryptocurrencies, and stocks. The broker supports the MetaTrader 4 and MetaTrader 5 platforms, which are widely used and offer advanced charting and automated trading capabilities.
Target Audience
With its low minimum deposit and high leverage, Make Capital is positioned to attract a broad range of traders, from beginners looking to start with a small capital to experienced traders seeking high leverage for short-term strategies. The variety of account types (including a cent account) further lowers the barrier for new traders. However, the lack of differentiation in leverage across account types may not appeal to those seeking lower risk options. The broker's global market access and multi-asset offering also cater to traders interested in diversifying across different asset classes.
Risk Considerations
Trading with Make Capital involves significant risks due to the high maximum leverage of 1:2000, which can amplify both gains and losses. The broker's FXCanary Scam Risk Score of 26/100 (Guarded) indicates a moderate level of concern, partly due to the offshore registration and the discrepancy in founding date information. While the ASIC and FSCA licenses provide some regulatory oversight, the overall risk profile is elevated. Traders are advised to conduct thorough due diligence and consider the potential implications of trading with a Cayman Islands-registered entity before committing funds.
Overview compiled by FXCanary from regulatory records and public data. full MAKE CAPITAL review