Capital.com Broker Review
In today's world, everything in our daily life depends on technology. It somehow gives us the assurance that we will get our work done on time and safely. Everything is just a click away and we don't need to put any extra effort.
One such sector makes extensive use of technology to provide financial services. Capital.com, as a global CFD broker, has come up with many ways to make financial activities convenient and accessible to all.
Renowned in its field, Capital.com offers many financial and trading services to commercial and retail clients. In addition, the company offers its services in many countries, so its customer base is very wide.
Capital.com was launched in 2016. Currently, the company has more than one million registered clients. The company has offices in Australia, Belarus, Cyprus, Gibraltar, and London, and it operates in 50 countries. The main goal of the company is to provide clients with opportunities for CFD trading (currency, stocks, indices, etc.). For this purpose, the company's website features artificial intelligence that helps traders make optimal decisions and educates them on the most important aspects of trading various assets.
Is Capital.com reliable?
Capital.com is a legitimate company regulated by ASIC, CySEC and FCA. The company has an official business address, valid phone numbers, live support team and active support on various social media sites.
Capital.com offers its clients a highly interactive trading platform. This platform has been designed to create a better user experience than others. The website can also be accessed through the mobile app. Switching between the website and the mobile app does not make it less efficient in operation. The interface looks smooth, well-organized and clean of unnecessary shapes.
Capital.com's dashboard shows you the most rising assets, the most falling assets, the best performing stocks, Forex and cryptocurrencies.
The platform is carefully designed to make trading a smooth process. However, it lacks the sophisticated information that can be obtained through charts, graphs or any technical analysis tools. But to overcome this problem, Capital.com offers its clients to use the MetaTrader4 platform.
The MT4 platform is well equipped and supports all the necessary tools and charts that an experienced trader needs. This platform is available on the Capital.com website.
It is important to note that the MT4 platform is not available for UK traders.
Capital.com mobile app
Capital.com has a mobile app that works in the same way as the website. Accordingly, the CFD trading app can be downloaded on iOS and Android from the App Store and Play Store. The app is fully functional and is supported by an additional Investmate app created to educate traders.
Traded markets or assets
Capital.com offers its clients a wide range of markets and assets to choose from. On this single site, traders can choose from over 140 Forex currency pairs, 27 traded commodities, 138 cryptocurrencies from around the world, nearly 22 indices and around 3,700 stocks. According to the latest update, capital.com has more than 6,100 assets listed on the site.
At higher leverage levels, one can qualify for a professional account. But at Capital.com, this comes with certain requirements and risks. For example, in order to open a professional account, a trader must prove that he or she has executed trades of significant size in the relevant market with an average frequency of 10 times per quarter; that the client's portfolio size of financial instruments exceeds 500,000; and that the client works or has worked in the financial sector for at least one year in a professional position.
In addition, higher leverage implies higher risk. Therefore, Capital.com's leverage protection does not apply to professional account holders and there is a possibility that they may lose more than the capital they have contributed.
Trading costs and commissions
Almost all trading platforms have costs and commissions that traders must incur to use them. However, Capital.com has narrow spreads and zero commissions.
Capital.com charges no fees (no commission) for:
- Account deposits;
- Dynamic charts and indicators;
- Opening/Closing trades;
- Real-time quotes;
- Educational material.
Payment Methods in Capital.com
Capital.com users can use their credit or debit card to make payments or make a bank transfer. Options such as QIWI, Giropay or ApplePay are also available.
Capital.com is fully compliant with PCI data security requirements. In addition, there are a variety of deposit and withdrawal methods available. Users can familiarize themselves with the list of available methods on the site's FAQ page.
It also offers its customers the option to open an account in US dollars, euros, pounds sterling or zloty. In addition, the company does not charge commissions or fees for withdrawing or depositing funds.
Capital.com's key features
Capital.com differentiates itself from its competitors by being equipped with artificial intelligence. This feature provides personalized news for customers. They also help users improve their knowledge through periodic webinars.
Another useful feature of Capital.com is the possibility of using demo accounts, which is very convenient when traders use this platform for the first time. In addition, Capital.com has an economic calendar for predicting market movements.
Unlike other similar platforms, Capital.com does not offer bonuses or promotions to its users. This shows that the platform is reliable and stable on its own and does not need any offers to attract customers.
Types of accounts offered on Capital.com
Using the Capital.com platform is not limited to one type of account. Both retail and commercial traders can open accounts on this platform. Traders can choose from the following account categories: standard, plus, premier or invest.
All account types offer basic trading features. The differences between them are that the additional services and minimum deposits required for each account type are also different. For example, the minimum deposit for a Standard account is $20 by card or $250 by wire transfer, while the minimum deposit for a Premier account is $10,000. Premier and Professional account holders also have access to exclusive events and webinars.
Some of the benefits of Capital.com that other platforms can't offer include the following:
- One major advantage is that Capital.com is committed to educating its users and providing a trading platform.
- The eQ, a proprietary artificial intelligence system to detect bias in trading, helps provide personalized news and understand trading errors.
- The economic calendar helps to gauge major market movements.
Although market timing often depends on the asset class, Capital.com is open 24 hours a day, 7 days a week.
Disadvantages of Capital.com
Capital.com also has some disadvantages.
The MT4 platform is available on the site, but UK customers cannot use it.
Also, the deposits required to open some account types are higher than other market participants.
Is Capital.com good?
Capital.com is a good and well-organized broker because it offers fast execution, small spreads, and Capital.com's outstanding features such as eQ, a proprietary trading bias detection system focused on trader education, a 24/7 website and customer support make it a wise choice for traders.
It also works in compliance with the regulations set by bodies such as FCA and CySEC. It works easily on the mobile app as well as on the website. Both beginners and experienced traders can easily access it. However, the commissions or fees charged to customers as well as the initial deposits for some accounts are higher than the competitors. Otherwise, it is a great option for those who want to learn and trade at the same time.