By FX Empire
West Capital Review
Founded in 2012, West Capital is financial services provider that offers a full service managed account for retail investors in specific instruments such as forex, commodities, and cryptocurrencies. West Capital is able to provide a level of service which no other managed accounts provider has been able to accomplish. We have a very modern diversified approach towards forex, commodities and cryptocurrencies investment that is unparalleled in our industry.
With West Capital’s proprietary managed account platform, investors at West Capital will be able to monitor their account 24 hours a day, while the expert traders at West Capital grow their investments.
West Capital Regulations
Due to the specific nature of West Capital services, there is currently no regulatory oversight available provided by major regulatory bodies such as the UK’s FCA and Germany’s BaFIN.
West Capital Reliability
In an industry where clients are required to entrust their money to a third party, West Capital understands the anxiety which investors may feel over the safety of their money. To ensure the safety of its clients’ funds, all trading funds are directly deposited to West Capital’s Liquidity Brokerage system. The trading team at West Capital do not have any access to the funds rather they are only granted the West Capital’s Master Trading Console system (PAMM Account) that only permits them to execute trades for multiple accounts at the same time. In short, the funds from each account are kept segregated. All trading transactions are conducted in a transparent manner which the investors can review at any time from any device.
West Capital Platforms
As West Capital is a managed account service provider, it does not provide its clients with a trading platform for them to trade the market with. Instead, investors are given access to a proprietary platform where they can view the status of their investment account at any time in real time. The platform is also compatible with iOS and Android-powered devices meaning investors can also access the platform from the smartphones or mobile devices.
West Capital Trade Types/Instruments
As for the range of markets covered by West Capital, they include the spot market for major currency pairs such as the EUR/USD and USD/JPY, popular cryptocurrencies such as Bitcoin and Ethereum and frequently traded commodities. Trading is only carried out on high probability trades that have been identified through constant market research in the dynamic markets. West Capital also uses proprietary trading algorithms to identify instruments which are most conducive to the firm’s underlying strategies of growing its clients’ investment. West Capital Account Types
In terms of the types of managed accounts offered by West Capital, there are 2 types, a Standard account, and a VIP account.
Minimum Investment of €3,000 18% Performance Fee No management or account opening fees 25/5 Customer Support Islamic Account Available 24 hours access to the trading dashboard Option to upgrade to VIP account status with a total investment of €10,000
Minimum Investment of €12,500 12% performance fee No management or account opening fees 45 days trial period (No performance fee will be charged during this period) No mark up on spreads 24/5 customer support Islamic account available 24 hours access to the trading dashboard
West Capital Commissions & Spreads
At West Capital, there are no commission charges or spreads on the trades made on behalf of the investors. West Capital makes its money solely based on the performance of the accounts that it manages. The performance fee varies according to the type of trading account which the investor holds. For the standard account, the performance fee is 18% of net profit. For example, the account gained a profit of €20,000.00 after a year, the fee will be €3,600 leaving the investor a profit of €16.400. For the VIP account holder, the performance is at a lower threshold of 14%. What makes West Capital different from other managed account firms is the fact that there are no incidental fees such as management fees or account activation fees. The performance fee is the only fee which investors at West Capital have to pay. West Capital Deposits & Withdrawals Options
You will only be offered the option to deposit or fund an account once you have registered and log in to the West Capital platform. At present, West Capital only accepts deposits through bank wire transfer or Bitcoin deposits. Withdrawals are also conducted through the same methods. Investors are not recommended by West Capital to fund their account using their credit cards due to the high fees imposed by the credit card providers.
Withdrawals at West Capital are permitted at any time regardless of the positions that have been opened and are processed within the same business day. Although West Capital does not impose any withdrawal fees, the withdrawals can only be made once a month. West Capital Bonus & Promotions
West Capital does not follow the practice of offering percentage based deposit bonuses to entice investors to sign up with the firm. Instead, they rely solely on their reputation as a reliable and ethical firm as well as their performance to win over their clients. West Capital Customer Support
As a customer-centric firm, West Capital takes pride in offering its clients an efficient and friendly customer support service. Although their primary base of operation is in Tokyo, Japan, West Capital has satellite offices throughout Asia and Europe to ensure that their clients are able to get assistance 24 hours a day through the entire trading week. Contact with the support team is done through the live chat system and email.
Ability to monitor investments live 24 hours a day Affordable account packages Competitive performance-based fee No hidden fees Reputable firm 24/5 Customer support
Limited payment methods supported Withdrawal only possible once a month
West Capital Q&A Is West Capital regulated?
No, West Capital is not regulated. However, the company is a member of the Financial Commission and the Global Foreign Exchange Committee.
Where is West Capital based?
West Capital primary operation is based in Tokyo, Japan. However, they have a satellite office in Europe and Asia as well.
How does West Capital make money?
West Capital makes its money by charging its clients a performance fee on the accounts it managed. The fee is tied to net profit earned on the managed account in one calendar year.
How to deposit in West Capital account?
Deposit of funds into a West Capital managed account is by bank wire transfer or by Bitcoin deposits.
How to withdraw money from West Capital?
Withdrawal of funds from West Capital is done through bank wire transfer or Bitcoin transfer.
How to open an account with West Capital?
To open an account with West Capital, you need to fill up the registration form and submit it with all the relevant documents required for verification of identity and address.
Is West Capital reliable?
Yes, West Capital is a reliable firm. All clients’ funds are kept segregated and trades are only executed based on their high probability to generate a profit.
Does West Capital use MetaTrader?
No, West Capital does not use the MetaTrader trading platform.
Is West Capital a scam?
No, West Capital is not a scam. It has been operational since 2012.
How safe is West Capital?
West Capital abide by the industry’s best practices and is a member of the Global Foreign Exchange Committee. Conclusion
Throughout our review of West Capital, we noted that the company is fully transparent with its operations. They have made it simple for anyone to open a managed account with them. In addition, we love the fact that they allow investors to view their status of their managed investment account at any time through the West Capital dashboard. Another major plus point about the services provided by West Capital is the fact that they only charge a performance fee for managing your account. The fees are also reasonable at 18% for the standard account and 14% for the VIP account. On the whole, we find that West Capital is a professional and ethical company that offer services that are worth exploring.