Capital Way is a Forex EA that claims to have been providing steady gains since 2015. It promises high returns and complete liquidity and has more than 15,000 clients all over the world. The vendor claims that this is a fully automated system with an advanced algorithm that allows it to complete transactions with enhanced clarity and precision.
How Capital Way EA Works
The first thing we see when we visit the Capital Way website is a popup that states that the company is no longer under operation and that new clients are not being accepted. We don’t know the exact reason for this, but this does not bode well for prospective sales, since most individuals will start considering other options when they see this. On the home page, we have the link to a Myfxbook trading account, as well as monthly trading performances provided for 2015-2020.
The vendor has also provided us with the details of the pricing plans, as well as the main features of the software. Next, we have a few steps detailing how to get started with this robot. We cannot navigate to other sections of the website because of the popup, so from a presentation standpoint, our first impression is not very positive.
The company behind this Forex EA is Capital Way Group, which is registered in Sofia, Bulgaria. No other information is available on the company, and since they are not operational now, there is no way we can find out about the team members or the service history.
Using this Forex EA, it’s possible to track your trading account from any device, any time you wish. So essentially, you can keep your account running 24 hours a day, 5 days a week. The system will detect the best trading opportunities and complete the transactions swiftly and efficiently. It is mentioned by the vendor that the company always maintains transparency with the customer.
No management, activation, or deposit fees is charged by Capital Way, and the company earns only when you make profits. After subscribing to the service, you just need to fill out a registration form and accept the terms and conditions. Next, you need to add funds to your account and download the Metatrader 4 app, if you don’t already have it installed. The software will then start placing trades automatically.
We don’t have any strategy explanation for Capital Way, which comes as a huge disappointment. Every Forex EA must share some details about the trading strategy it uses for generating profits because it allows potential investors to measure the system’s profitability to a certain extent.
Backtesting results are also not provided by the vendor. This leaves us with only the live trading results for evaluating the system’s performance. Historical data-based performance is something most Forex traders look for, and they might take this as a red flag.
Capital Way Trading Results
This is a live trading account for Capital Way that has been verified by Myfxbook. The trading results do not look too promising as the total profit generated is -143805.15 Euros. This essentially means that huge losses were suffered while placing trades through this account.
The daily and monthly gains are -0.44% and -12.61% respectively, while the drawdown is 100%, which is unacceptable. In spite of this account having a win rate of 68%, by checking its trading history, we can see that it has suffered some heavy losses along the way, which resulted in a negative account balance. The profit factor is 0.92, which is not enough for a system to be considered profitable.
Pricing and Refund
By paying 3000 Euros, you can gain access to a Capital Way account with a high balance and high returns. You get complete liquidity at all times and are provided with accounts with commission refunds. Alternatively, you can invest in a trial account for 300 Euros, and this will give you access to a one-month trial account. A money-back guarantee is offered for the trial account.
On the Trustpilot website, there are several negative reviews on Capital Way. One user has stated that the company is a scam and that they do not provide a decent Return on Investment. Clearly, the users are not happy and this might be one of the reasons why the company had to shut down its operations.