Capital com Review 2024 Pros, Cons & Platform Details
Capital.com is a real broker that holds 4 financial licenses and has physical offices in the United Kingdom, Cyprus and many other locations as they’re expanding constantly. Their commission-free offer is definitely at the same level of their most well-known competitors. In order for Capital.com to increase their reputation, they must continue to acquire new high value financial licenses xcritical official site and continuously improve their offering and reputation. From the above list, we can conclude that they hold 2 high value financial licenses and 2 mid-value ones.
After this, you will continue by providing more detailed information, such as your phone number, the amount of money you are planning to use for trading, and so on. If at some point you believe that your account is no longer enough for your needs, you xcritical official site can simply contact the representatives and ask them to change the type of account you are xcritically using. Still, Capital.com is able to maintain the safety and security of its clients.
Usually, indices represent the whole economy of a certain country or some type of industry that you can invest in. The first option is very easy and straightforward, trading stocks as CFDs. This should be easier for those who are used to trading Forex as it is similar in practice.
While working on our Capital.com rating, we decided to focus on several important factors. One of them is the available payment solutions for the clients of the broker. After a thorough review, we found that there are numerous payment solutions available for Capital.com traders.
Capital.com trading platforms and tools
While Capital.com offers 65 payment processors, most remains geographically restricted. All traders can use bank wires and credit/debit cards, and the back office will list all alternative methods. Capital.com does not levy internal withdrawal fees, but traders may face third-party processing costs and currency conversion fees. One of the most ignored trading costs is swap rates on leveraged overnight positions.
Market Instruments
When it comes to choosing a Forex broker, one factor that all traders are focused on is the safety and legitimacy of the website they are planning to use. Prospective clients should do comprehensive research about the broker they are going to trade with. You’ll speculate on the direction of the price of a particular asset — for example, the S&P 500 index or spot price of gold. This contract is strictly between you and the broker — no asset is actually purchased and contracts don’t need to be bought and sold on an exchange.
After a thorough review and analysis of everything Capital.com has to offer, we are able to say that this is one of the most trustworthy Forex brokers available in the market. There are numerous things that this broker has to offer to its clients, making it a perfect fit for traders of different interests. There are numerous payment solutions available for the clients of Capitla.com. There are no fees or commissions charged for deposits or withdrawals.
About the Editorial Team
Zero trade commissions and super low spreads make it one of the cheapest online brokers in the industry. The broker offers multi-channel support, including a user-friendly live chat feature accessible on the Capital.com website and trading platforms, enabling real-time communication with knowledgeable support agents. Traders can also communicate via email, which provides a documented record of inquiries and responses. Capital.com offers free demo accounts globally for users to trade and practise with virtual money without risking real funds but if you want to trade, this activity will always require real money. A positive point worth mentioning is that they do not charge commissions on their trades and only charge spreads or overnight fees. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
In order to withdraw money from your account, select the withdrawing method from the appropriate menu, enter the amount to be withdrawn and confirm the process. Capital.com returns money by the same payment method you used to fund your account initially. This means, that if you use the bank transfer method, the broker will send your money back to your bank account. If you use a credit/debit card, they will transfer money back to the card you used. Yes, clients should consider their money safe at Capital.com, as Capital.com segregates all client deposits from corporate funds. It complies with five regulators, maintains a clean record, and enjoys high ratings from traders.
Here they offer traders everything from simple guides about market basics, to a comprehensive and detailed overview of hard-to-comprehend concepts. Once you have finished the above-mentioned steps, you are now able to start trading on Capital.com. Before you start trading, it is very important to ensure that you are making the right decisions.
- The broker is suitable for all types of traders both beginners and advanced offering competitively low spreads and fees all with really low minimum deposits.
- Diversification is made simple with Capital.com’s inclusion of Exchange-traded funds (ETFs), allowing traders to create diversified portfolios from a single investment vehicle.
- For this, the licenses that the broker holds can be a great indication.
- Its platforms are user-friendly, catering to both beginners and experienced traders with intuitive interfaces and customization options.
- If you are one of those, the Capital.com Plus account can be a great choice.
- If you want to trade commodities, there are over 30 of them awaiting you on Capital.com.
Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Based on our research, Capital.com is a highly regulated broker holding three top-tier licenses from CySEC, ASIC, and FCA. The broker provides trading safety and a great range of instruments for CFD and Forex trading.
Install Our Apps
The competitive commission-free Capital.com trading environment deserves serious consideration by committed traders. Capital.com developed its proprietary web-based trading platform, an innovative solution for manual traders, also available as a highly rated mobile app. Algorithmic traders get the trusted MT4 trading platform, which also comes with an embedded copy trading service. Traders may use MT4 as a desktop client, a web-based alternative, and a mobile app. Social traders can connect their Capital.com accounts to TradingView, where 50M+ traders discuss and share ideas. Advanced algorithmic traders can connect their custom trading solutions to the Capital.com infrastructure via the Capital.com API.
Depending on the type of account you are using, you will be required to deposit different amounts of money. Usually, the minimum deposit to open an account on Capital.com requires a deposit of $20. However, traders are encouraged to deposit more in order to make better profits in the long run.
Account Types
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises xcritical companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). This way, traders should be able to better understand if this broker is a good choice for them or not. Check out the following tables and decide whether you want to use this Forex broker or not.
These accounts differ in services and additional functions available for the traders. Also, Capital.com allows you to either open a demo account and test trading strategies or to open a live account to enter forex markets. On the flip side, the broker’s market range is limited to CFDs and real stocks, and real stock trading is not available for Australian traders. Beyond this, the broker provides poor education and research are quite poor. I like the well-balanced asset selection at Capital.com, especially its exposure to the Forex and cryptocurrency markets, where traders get 138 and 454 assets, respectively. Capital.com also offers exotic currency pairs like the Mexican Peso, Belarusian Ruble, Hungarian Forint, and Thai Bhat, to name a few.