Brex Capital offers Capital, Standard, Cent and Pro MT5 accounts with equity-dependent leverage. The current website also names a South African entity; its linked agreement instead names Brex Capital LLC. Pricing inconsistencies, contractual leverage reductions and the precise contracting company matter more than the headline 1:3000 limit.
Accounts, eligibility and retail account conditions
Sections ↑The account cards and side-by-side grid are inconsistent: Pro is shown at both 1:2000 and 1:1000, while spread figures use different presentations without a reliable conversion key. The table below preserves the explicitly labelled card values.[2]
Published account cards
Equity-linked leverage ladder
The cent denomination changes ledger units; 500 cents is $5, not $500. The published equity bands leave sub-dollar boundary treatment unspecified.[2]
Markets, exposures and what each instrument actually represents
Sections ↑Markets, exposures and what each instrument actually represents
| Feature | Terms and scope |
|---|---|
| Currencies | FX majors and crosses on MT5.Source 1Source 2Source 3 |
| Metals | Gold and silver symbols; contract units must be confirmed.Source 1Source 2Source 3 |
| Indices | Stock-index CFDs, not direct index-fund ownership.Source 1Source 2Source 3 |
| Energy | Oil products advertised alongside broader commodities.Source 1Source 2Source 3 |
| Equities and crypto | Stock and crypto derivatives are marketed; no underlying ownership established.Source 1Source 2Source 3 |
Spreads, commissions, financing and total trading costs
Sections ↑Spreads, commissions, financing and total trading costs
| Feature | Terms and scope |
|---|---|
| Capital spread floor | 1.0 pip according to Capital account prose, with separate tabular values in points.Source 2Source 1Source 3 |
| Standard spread floor | 1.6 pips stated in account description; an account comparison table uses integer point values.Source 2Source 1Source 3 |
| Pro minimum | USD 1,000 shown in comparison; offers a separate quoted tighter pricing tier.Source 2Source 1Source 3 |
| Overnight funding | Website advertises swap-free categories; conditions, holding-period exceptions and symbols need agreement check.Source 2Source 1Source 3 |
Platforms, order handling, margins and execution risk
Sections ↑The trader should reconcile inconsistent published spread units. An integer displayed in “points” cannot safely be called pips without confirming the quote precision; a five-decimal EUR/USD point is generally 0.1 pip, while broker-specific presentations can differ.[2][1][3]
Platforms, order handling, margins and execution risk
| Feature | Terms and scope |
|---|---|
| Trading platform(s) | MetaTrader 5; available features depend on the actual licensed/onboarding entity.Source 2Source 1Source 3 |
| Margin and leverage | Treat account-level maximum as a ceiling; symbol- and equity-specific requirements may be more restrictive.Source 2Source 1Source 3 |
Recurring leverage restriction in the agreement
| Window | Maximum | Affected positions |
|---|---|---|
| Final 30 minutes of each trading day | 1:400 | New positions and increasesSource 5 |
| Final four hours of the trading week | 1:400 | New positions and increasesSource 5 |
| Positions already open | No retrospective remargining solely for this recurring reduction | Separate volatility powers remainSource 5 |
| Next session | Standard tiers resume | As described in clause 4.4Source 5 |
Deposits, withdrawals, settlement and account currencies
Sections ↑Deposits, withdrawals, settlement and account currencies
| Feature | Terms and scope |
|---|---|
| Minimum | USD 5 for Capital/Standard, versus higher Pro account minimum.Source 2Source 1Source 3 |
| Cent denomination | 500 CEN is not $500; cents and standard USD differ by a factor of 100.Source 2Source 1Source 3 |
| Payment methods | Cryptocurrency rails including USDT are shown on a trading application page; method support varies.Source 2Source 1Source 3 |
| Profit withdrawals | No independently tested settlement times, charges or bank cut-offs.Source 2Source 1Source 3 |
| Portal mismatch | One accessible portal policy still calls itself QRS Global; customer must obtain the agreement identifying Brex Capital LLC.Source 2Source 1Source 3 |
Contractual withdrawal controls
| Condition | Consequence |
|---|---|
| Free balance | Only equity not committed to margin or obligations can be requestedSource 5 |
| Compliance review | Withdrawal can be held and client notifiedSource 5 |
| Destination mismatch | Instructions can be refusedSource 5 |
| Bank cut-off | International processing requires cleared funds before the applicable cut-offSource 5 |
Legal counterparties, permissions and client-money protection
Sections ↑No claim of robust cross-border protection can be inferred merely from an offshore corporate registration or an Mwali licence number. The firm, permission category, client contract and available legal remedy must be checked together.[1][2][3]
Legal counterparties, permissions and client-money protection
| Feature | Terms and scope |
|---|---|
| Segregation | Marketing states segregated balances; custody institution, trust status and failure waterfall not established.Source 1Source 2Source 3 |
| Negative balance | Do not assume EU/UK retail protections follow the client into the Comoros.Source 1Source 2Source 3 |
| High leverage | A 1:3000 ceiling corresponds to roughly 0.033% nominal margin at the ceiling, before tier and product limits.Source 1Source 2Source 3 |
Customer service, complaints and documentary evidence
Sections ↑Customer service, complaints and documentary evidence
| Feature | Terms and scope |
|---|---|
| Official domain | brexcapital.com; verify links before depositing due to possible similarly named services.Source 1Source 2Source 3 |
| Published contact | [email protected].Source 1Source 2Source 3 |
| Document request | Seek executed client agreement and latest legal entity notice.Source 1Source 2Source 3 |
| Disputes | No local statutory compensation route verified by the inspected evidence.Source 1Source 2Source 3 |
Special services, automation, promotions and restrictions
Sections ↑Special services, automation, promotions and restrictions
| Feature | Terms and scope |
|---|---|
| MetaTrader 5 | Desktop/mobile platform marketed; account-specific settings apply.Source 1Source 2Source 3 |
| Cent units | Small-unit reporting changes displayed monetary amounts, not the underlying loss economics.Source 1Source 2Source 3 |
| Dynamic leverage | Broker can de-rate limits by equity, news and near market close.Source 1Source 2Source 3 |
| EA policy | QRS legacy policy contains internally inconsistent EA permissions by account; reconfirm current Brex terms.Source 1Source 2Source 3 |
| Copy trading | Social trading referenced in app footer; copy authority and residual-position handling unverified.Source 1Source 2Source 3 |
Corporate background, regional availability and open questions
Sections ↑The legacy policy naming QRS Global does not itself prove a specific corporate succession. It is a red flag for document version control that the broker should resolve with a signed, current client agreement.[1][2][3]
Corporate background, regional availability and open questions
| Feature | Terms and scope |
|---|---|
| Operating company | Brex Capital LLC, Comoros Mwali.Source 1Source 2Source 3 |
| MISA number | T2023349 asserted on broker website.Source 1Source 2Source 3 |
| Company registration | Site lists registration 9429042326809 without verified regulatory interpretation.Source 1Source 2Source 3 |
| Legacy paperwork | Portal policy identifies QRS Global, demanding documentary clarification before onboarding.Source 1Source 2Source 3 |
| Geographic scope | Website says services unavailable in unspecified restricted regions.Source 1Source 2Source 3 |
Current documents name different entities
| Document | Identity | Published reference |
|---|---|---|
| Website footer | Brex Capital / Mwali | T2023349; registration 9429042326809Source 1Source 5 |
| Website footer | Brex Capital (Pty) Ltd, South Africa | FSP 55069; company 2025/134967/07Source 1Source 5 |
| Linked client agreement | Brex Capital LLC | 457 LLC 2020Source 1Source 5 |
These disclosures establish what the company publishes. They do not prove that every applicant contracts with the South African business, or that its permissions cover the Comoros offer. The old QRS-branded portal privacy document is not an adequate substitute for the current signed agreement.[1][3][5]
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Brex Capital LLC
No separate licence entry is recorded in this panel.
Brex Capital (Pty) Ltd
South AfricaSource 1
No separate licence entry is recorded in this panel.
Sources & further reading
- Company home and offshore licence disclosure Brex Capital · Accessed 22 Oct 2026
- Capital, Standard, Cent and Pro pricing and leverage by equity Brex Capital · Accessed 22 Oct 2026
- Legacy QRS Global portal policy and strategy restrictions Brex Capital · Accessed 22 Oct 2026
- Independent regulatory and trading-risk context Financial Conduct Authority · Accessed 22 Oct 2026
- Current linked Brex Capital client agreement Brex Capital · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.