Corsa Capital Review – Unbiased Pros & Cons Revealed

WHO IS CORSA CAPITAL / CORSAFOREX?      

According to research in South Africa CORSA CAPITAL / CORSAFOREX is

CorsaForex is a Forex broker and Call-Put Option provider owned and operated by CORSA CAPITAL, founded by group of professional traders in 2007.

They strive to deliver a profitable trading environment and contracts in a modern and secure trading environment with diverse trading platforms.

This company offer attractive promotions, bonuses and affiliate programmes to increase their clients’ trading experience.

CORSA CAPITAL is an offshore broker however, and not licensed to provide financial services on regulated markets like the European Union, Australia, Canada or the United States. On top of that CORSA CAPITAL does not offer forex or CFDs, but binary options, an instrument that was recently banned throughout Europe.

SAFE OR SCAM

One of the best benchmarks to measure the safety of a broker like CORSA CAPITAL / CORSAFOREX, is to establish which regulating authorities are watchdogs over its actions.

CORSA CAPITAL / CORSAFOREX is an offshore broker with CORSA CAPITAL Investments, Corp. the company behind it, based on the British Virgin Islands, meaning that CORSA CAPITAL does not have a license whatsoever and is practically unaccountable for the way they handle clients’ money.

Although the British Virgin Islands Financial Services Commission (FSC) do regulate forex and CFD brokers, that regulator is much more relaxed than respectable financial watchdogs like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC).

PRO AND CONS

LEVERAGE

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

CORSA CAPITAL / CORSAFOREX offers a maximum leverage ratio of 1:100

ACCOUNTS   

A forex account at CORSA CAPITAL / CORSAFOREX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

CORSA CAPITAL / CORSAFOREX offers a Standard Account, which is easy to open and fund.

Customers are able to set the profit and risk limits that will not be exceeded so as to protect their investments properly during trading.

A Forex demo account is available for traders to get familiar with the trading systems. These accounts have the same functions and features of real trading accounts, allowing a risk free trial with a deposit of 10 000 virtual dollars. The only difference from real trading accounts is the operations of depositing and withdrawing money is not there. A demo account works for 30 days and is then removed from the system.

MARKET INSTRUMENTS

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

CORSA CAPITAL / CORSAFOREX offers 21 major currency pairs, as well as a number of stocks, gold and silver, but no crypto assets.

FEES

Cost depends on different factors, like spread and margins, and CORSA CAPITAL / CORSAFOREX clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

CORSA CAPITAL / CORSAFOREX’s pricing system relies on:

• No commission and fee
• No spreads and slippage
• No swaps and roll overs
• Deriving profit from 1-pip price change

DEPOSIT AND WITHDRAWAL

Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of CORSA CAPITAL / CORSAFOREX they accept payments with major cards like VISA and MasterCard, bank wire and e-wallets including QIWI Wallet and Skrill. They do not accept bitcoins. Depositing money via Visa or MasterCard cards usually clears within 24 hours.

Withdrawing money from a trading account can also be done with the same methods and

is usually carried out within five working days after a request is sent. The payment system as well as the currency of depositing and withdrawal must be the same.

TRADING PLATFORMS

The forex trading platform provided by CORSA CAPITAL / CORSAFOREX to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

CORSA CAPITAL / CORSAFOREX provides Metatrader 4.0 and 5.0. Both these MetaTrader platforms have advanced and modern tools and features and offer Expert Advisors.

The company also offers WebTrader, a web-based trading platform with innovative tools and features, a user-friendly layout and structure that allow traders to access their trading accounts on any smart device and PC.

HOW TO OPEN AN ACCOUNT

Similarly to a bank, to register a forex trading account with CORSA CAPITAL / CORSAFOREX for the first time, you will be required to go through a basic “know your customer” process, which will allow CORSA CAPITAL / CORSAFOREX to ascertain that your submitted details and ensure the safety of your funds and account details.

CUSTOMER SUPPORT

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of CORSA CAPITAL / CORSAFOREX the support team consists of well-educated professionals in technological and financial fields, which claims to provide dedicated assistance.

Customers can reach the support team via phone, email and live chat, 24 hours a day and 7 days per week.

EDUCATION       

Before starting to trade, potential clients of CORSA CAPITAL / CORSAFOREX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

CORSA CAPITAL / CORSAFOREX offers education in several ways:

Traders can utilize educational materials, daily news and sound market analysis from most reliable professional traders to boost their trading profit.

They can learn more about Forex for beginners, profit earning and option trading with the help of a glossary, video tutorials and a FAQ section.

RESEARCH         

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With CORSA CAPITAL / CORSAFOREX they have access to offerings of analytics, forex news and an economic calendar.

AWARDS

Being an awarded company instils extra confidence by traders.  Although CORSA CAPITAL / CORSAFOREX is acclaimed by customers, there is no indication of awards won on its homepage.

CONCLUSION  

CORSA CAPITAL / CORSAFOREX is an offshore binary broker which is not licensed to provide financial services on regulated markets like the European Union, Australia, Canada or the US.

CORSA CAPITAL also does not offer CFDs, but binary options, an instrument that was banned throughout Europe.

DISCLAIMER

CORSA CAPITAL / CORSAFOREX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with CORSA CAPITAL / CORSAFOREX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

CORSA CAPITAL / CORSAFOREX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence CORSA CAPITAL / CORSAFOREX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently Asked Questions

Is Corsa Capital/Corsa Forex a good and legit broker?

Our review of Corsa Capital reveals that it is an offshore broker who does not hold a legal trading license and is practically unaccountable for the way they handle their clients’ funds.

What instruments can be traded with Corsa Capital/Corsa Forex?

You can trade Forex, Binary pairs, Stocks, Gold and Silver with this broker.

What is the overall rating out of 10 for Corsa Capital/Corsa Forex?

Overall rating for this broker is 5/10

Which live trading accounts does Corsa Capital/Corsa Forex have?

One Standard account

What are the available deposit currencies for a live trading account?

Available deposit currency for this broker is USD.