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CapitalPanda is a registered brand name of BCM Begin Capital Markets CY Ltd (previously OX Capital Markets Ltd). It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 274/15.
CapitalPanda provides access to 63 currency pairs, 25 commodities, 14 indices and global shares. You can use the professional platform MetaTrader 5 that is suitable for all types of investors due to its extensive functionality. MT5 is a fully flexible terminal that offers modern tools for technical analysis and is suitable for beginners and professional investors. It is available as a desktop version and as a mobile app for iOS and Android smartphones. The minimum deposit amount is USD100 and the spread for the EUR/USD pair starts at 3 pips. Accounts can be funded by bank transfer and credit/debit card.
The trading conditions document informs that the maximum loss never exceeds the clients’ available funds in the specific account. Thus, clients` balances are never negative, so you will never lose, more than what you have already invested, even in cases of strong fluctuations. The Order Execution Policy document reveals that all pending orders are subject to slippage. Stop loss orders are not guaranteed and will be filled at the next available market price. It is also written that ‘The Company does not execute the Client Order in CFDs as a principal to principal against the Client, i.e. the Company is not the Execution Venue (as defined in Commission Directive 2006/73/EC implementing MiFID) for the execution of the Client’s Order. The Company transmits Client Orders or arranges for their execution with a third party(ies)’ This means the company uses the Straight Through Processing (STP) model to execute client orders and it is not a market maker. Thus, the main conflict of interest related to market makers is not relevant here.
Overall, this is a well-regulated company that acts as a pure STP broker and provides negative balance protection. You can trade via the latest version of the popular MetaTrader 5 platform. Despite other competitive conditions, spreads are relatively wide.