Recommended for: Forex trading 4.3/5
Trusted broker: Well Regulated
Capital.com is a prominent broker that caters to CFD traders seeking excellent trading platforms, a diverse selection of CFDs, and a seamless account opening experience. With its intuitive and user-friendly trading platforms, even novice traders can navigate the markets with ease. However, it is important to note that Capital.com may not fulfill all the requirements of traders looking for a comprehensive brokerage service, as it does not offer popular asset classes such as real stocks or options. As spread bets and CFDs involve complex instruments and high risk, it is crucial for traders to understand the potential loss of capital that comes with leverage. UK clients, in particular, should be aware that 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. Traders should carefully consider their understanding of these instruments and their ability to bear the high risk of financial loss.
- Excellent email and chat support
- Seamless and efficient account opening process
- Low fees for forex CFDs Cons:
- Limited to CFDs and spread betting (for UK clients)
- Unavailability of smaller account currencies
- Lack of price alerts on the web platform
Fees: Capital.com offers competitive fees for forex, stock, and stock index CFDs. Some clients can even enjoy commission-free trading of real stocks. The broker does not charge any inactivity or withdrawal fees.
Account Opening: Capital.com boasts one of the most streamlined and user-friendly account opening processes in the industry. The procedure is quick, intuitive, and impressively simple.
Deposit and Withdrawal: Deposits and withdrawals at Capital.com are free of charge, with multiple options available, including Apple Pay and PayPal. However, it is worth noting that only five account base currencies are supported.
Web Trading Platform: The web trading platform provided by Capital.com is well-designed and easy to use. It offers clear fee reports and a two-step login process. However, customization options are limited, and price alerts are not available.
Mobile Trading Platform: Capital.com’s mobile trading platform is user-friendly and features a modern design. It provides a two-step login process and price alerts, allowing traders to stay connected and informed on the go.
Desktop Trading Platform: The desktop trading platform at Capital.com is powered by MetaTrader. While it offers customization options and supports price alerts, it lacks a two-step login process. Furthermore, the platform’s design is outdated, and it is not accessible to UK clients.
Markets and Products: Capital.com stands out with its impressive selection of CFD products compared to other brokers. However, it falls short when it comes to offering popular asset types like exchange-listed futures, and the availability of real ETFs is limited.
Research: The charting tools and analyses provided by Capital.com’s website are of high quality. However, the absence of fundamental data and other analytical tools like pattern recognition may leave some traders wanting more.
Customer Service: Capital.com’s customer support sets a high standard in the industry, delivering fast and comprehensive responses to inquiries. Traders can rely on the broker’s exemplary customer service for prompt assistance.
Capital.com places great emphasis on education, offering excellent resources such as a demo account, educational videos, and courses. Traders can take advantage of these tools to enhance their trading knowledge and skills.
Legitimacy: Capital.com operates under the authorization and regulation of local authorities, including top-tier bodies like the FCA and ASIC. However, it is important to note that the broker does not hold a banking license and does not publish financial information.
Capital.com appeals to CFD traders seeking a user-friendly platform, an extensive range of CFD products, and a seamless account opening experience. While it may not cater to all types of traders or offer a comprehensive suite of services, its competitive fees, excellent customer support, and emphasis on education make it a noteworthy choice for those focusing on CFD trading. Traders should carefully consider their specific needs and risk tolerance before deciding if Capital.com aligns with their trading objectives.
Is Capital.com a legit broker?
See how Capital.com is regulated and whether you should have any concerns using it.