Securcap Securities Limited Account Types & How to Open

Securcap Securities Limited operates the brokerage brand SECURCAP from the Seychelles, an offshore jurisdiction popular with forex and CFD providers. The company holds a Securities Dealer licence from the Seychelles Financial Services Authority (FSA), which we have verified against the public register. However, traders should understand that the Seychelles regulatory framework is less stringent than those of major tier‑1 authorities, and the FSA’s oversight offers limited investor protections compared to, say, the FCA or ASIC. This is a critical factor in FXCanary’s assessment, contributing to the broker’s Guarded risk score of 40 out of 100.

In this dedicated account review, we drill into the live trading accounts, platforms, costs, and account-opening process offered by Securcap. Our analysis is based on the broker’s own website disclosures, cross‑checked against the known facts and a handful of external mentions. We found no independent user reviews in the major trader forums, which is in itself noteworthy for a broker that claims to have been active for several years. Where information is thin or absent, we say so plainly — transparency is paramount for any trader considering an offshore-regulated entity.

Securcap offers two live account types: the standard ‘Live Account’ and the higher‑tier ‘Premium Account’. Both are denominated in USD only and require a minimum trade size of 0.1 lots on forex, which is fairly standard for retail MT5 accounts. The Live Account is clearly aimed at newcomers or lower‑capital traders, with a minimum deposit of just $200. This is a low barrier to entry, but the trade‑off is a wider spread environment and capped leverage. The Premium Account demands a significantly higher minimum deposit of $10,000, and in exchange provides tighter spreads and double the maximum leverage.

The table below summarises the key parameters as disclosed on the broker’s website. Notably, neither account lists a commission — which implies costs are built into the spread. The Premium Account also permits a much larger maximum forex trade size of 100 lots versus 10 lots on the Live Account, giving professional or high‑volume traders the room they need. However, we found no mention of any intermediate account, Islamic swap‑free option, or dedicated VIP tier, which limits choice for traders with specific requirements.

Leverage is one of the most powerful — and dangerous — tools in a CFD trader’s arsenal. Securcap offers up to 100:1 on the Live Account and up to 200:1 on the Premium Account. By global standards, 200:1 is generous; many European brokers are capped at 30:1 for major forex pairs, while Australian-regulated firms have been trending lower. Seychelles does not impose hard leverage caps, which allows the broker to offer such multiples.

For a disciplined trader, 200:1 can magnify returns on a modest price swing, but it equally magnifies losses. With a $200 minimum deposit on the Live Account at 100:1, a trader can control $20,000 in notional exposure — a single adverse move could wipe out the entire account in minutes. In FXCanary’s view, the high leverage, combined with the absence of negative balance protection (not explicitly mentioned), makes strict risk management non‑negotiable. We always recommend that traders, particularly those new to the markets, start with the lowest viable leverage and never risk more than they can afford to lose.

Securcap quotes spreads ‘from 3 pips’ on the Live Account and ‘from 1 pip’ on the Premium Account. These are obviously variable spreads that will widen during news events and volatile market conditions. The 3‑pip starting point on the Live Account is on the high side for major FX pairs like EUR/USD, where many competitors start below 1 pip even on standard accounts. The Premium Account’s 1‑pip starting spread is more competitive, but still does not beat the raw‑spread accounts offered by ECN‑style brokers.

Crucially, we could not find any mention of a per‑lot commission on either account. This suggests the broker operates a ‘mark‑up’ model, where its revenue is generated solely from the spread. For comparison, a typical ECN broker might charge a raw spread of 0.2 pips plus a $7 round‑turn commission, which can work out cheaper for active traders. The all‑in cost at Securcap would therefore be transparent, but potentially higher for the base account. Traders who plan to scalp or run high‑frequency strategies may find the wider spreads a drag on performance.

We also note that overnight swap charges are referenced in the Trading Conditions page, but the actual swap rates are not published. This opacity is common among offshore brokers, and we strongly advise potential clients to request a full swap schedule before opening a position, especially if they intend to hold trades over the long term.

Securcap exclusively supports MetaTrader 5 (MT5) across desktop, web, and mobile devices. MT5 is a robust, multi‑asset platform that has become the industry standard for CFD brokers. It offers advanced charting with 40+ technical indicators, an economic calendar, multi‑currency back‑testing for Expert Advisors, and a built‑in market depth feature. The broker provides direct download links for MT5 on Windows and Mac, as well as mobile apps for Android and iOS.

We were pleased to see that the broker explicitly welcomes automated trading strategies (EAs) and highlights back‑testing capabilities. This suggests a trader‑friendly environment for algo traders, though we would expect execution quality to vary under high‑frequency conditions. The platform also supports hedging position accounting, which is important for traders who employ multi‑directional strategies. Unfortunately, there is no mention of any proprietary mobile app or alternative platforms like cTrader or TradingView, so users must commit fully to the MetaTrader ecosystem.

The account opening process at Securcap appears straightforward, following the standard industry flow. From the website, clients can click ‘Open an Account’ and are directed to a registration form. While we could not test the full flow, the broker will inevitably require identification documents (passport or national ID) and proof of address (utility bill or bank statement) to satisfy Seychelles anti‑money laundering regulations.

One noticeable gap is that we found no mention of a fully digital, instant‑approval KYC system. The broker promotes ‘Personal Account Managers’, which could mean a manual onboarding process with a phone call or email exchange. This may slow down the opening process but could also provide a higher level of personalised support for newcomers. In our experience, a manual KYC process in an offshore jurisdiction can sometimes be used to verify client identity more rigorously, but it can also lead to delays and frustration if support is unresponsive.

Traders should also be aware that, as a Seychelles entity, client funds are not protected by any statutory investor compensation scheme. We recommend opening with the minimum deposit initially and testing deposit/withdrawal processing times before committing larger sums.

One glaring omission from all available Securcap materials is any reference to a demo account. Most reputable brokers offer a free, simulated trading environment with virtual funds so that prospective clients can test platforms, strategies, and spread behaviour before risking real money. Its absence here is a red flag in our editorial view.

We scoured the website, the MT5 platform pages, and third‑party references, but could not find a single ‘try a free demo’ or ‘risk‑free practice’ link. This could be a deliberate commercial choice, but it leaves beginners with no safe way to familiarise themselves with the broker’s execution and pricing. If you are considering Securcap, we strongly advise contacting support directly to ask if a demo is available upon request. Without it, you are effectively flying blind on your first real-money trade.

The broker accepts deposits via Bank Wire Transfer, Visa, and MasterCard, according to third‑party sources, though the official website does not display a dedicated ‘Funding’ or ‘Deposits’ page. This lack of upfront information is frustrating and does not inspire confidence. Withdrawal methods and processing times are similarly opaque. We could not locate any details on withdrawal fees, minimum withdrawal amounts, or typical processing windows.

Customer support is available via phone (+248 4323 763), email (info@securcap.com), and a web contact form. The contact page lists a physical address in Victoria, Seychelles — Office 4, Suite C2, Orion Mall — which is a typical registered office for Seychelles IBCs. A complaints procedure exists, with a dedicated compliance email. However, until we see independent trader feedback on the quality and speed of support, we recommend treating these claims with cautious optimism.

Securcap Securities Limited presents a classic offshore brokerage proposition: two account tiers with low entry barriers, high leverage, and MetaTrader 5, all under Seychelles regulation. The Live Account’s $200 minimum deposit and 100:1 leverage will attract newcomers, while the Premium Account’s $10,000 minimum and 200:1 leverage cater to more capitalised traders. However, the absence of a demo account, thin disclosure on swaps and funding, and a regulatory home with limited investor protections compel us to wave a big yellow flag.

In our assessment, the broker’s offering is not outright alarming, but it falls short of the transparency we expect from a broker that deserves your trust. If you choose to proceed, start small, demand written confirmation of all trading conditions, and never deposit more than you are prepared to lose. The Guarded risk score of 40/100 is intended to remind you that with Securcap, you are trading in a light‑touch regulatory environment where client fund safety is not guaranteed.