Review summary
Kapstream Capital Pty Limited, operating as KAPSTREAM TRADING, is an entity registered in Australia with a very recent operational history of less than one year. The broker's SkyEye total score is a low 1.10, which reflects significant areas for assessment. A key point of analysis is its regulatory profile; while the entity lists an ASIC (Australia Securities & Investment Commission) reference number for an 'Inst Forex Execution (STP)' license, this license status is officially documented as 'Unverified' and not active for retail client protection. This means the broker currently operates without a valid, authoritative forex trading license, placing it outside mainstream regulatory oversight frameworks. For traders considering its services, the broker offers multiple account tiers including STANDARD, CENT, PREMIUM, ECN, and FIX API, with minimum deposits ranging from $500 to $50,000 and leverage up to 1:500. The firm supports trading in FX, Metals, CFDs, and Cryptocurrencies, with features like scalping and Expert Advisors (EAs) allowed across accounts. Deposit and withdrawal methods include UnionPay, USDT, and various cryptocurrencies, with processing times from instant to several business days. The overall profile indicates a new, unregulated entity offering high-leverage, multi-asset trading, a status that necessitates thorough independent due diligence from potential clients. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-06)
