Capital.com was founded back in 2016 as a global CFD broker. It is authorized and regulated locally by the Financial Services Authority (FSA), Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) and has offices located in the United Kingdom, Australia, Gibraltar, and Cyprus, among other places.
Even though Capital.com offers its users a narrower market range and holds fewer regulatory licenses as opposed to some of the best brokers, it continues to significantly outperform the industry average.
The instrument’s outstanding innovative web platform, quality research, and strong educational content make it a great choice for all traders, whether they are beginners or they are more experienced.
With the above in mind, this content is intended to be a review concerning Capital.com to help you as readers understand how it works and whether you can afford to take on the risk of high potential losses. Remember, CFD accounts are subject to a risk of loss of investment due to the leverage of these complex instruments.
Is Capital.com Reliable?
Capital.com is, thus, a reliable broker. Since 2016, it has gone on to win multiple awards for its trading experience and design. These kinds of accolades typically speak to the reliability of a platform and the kind of user experience potential traders can expect.
Is Capital.com Regulated?
These authorities are the FCA in the U.K., the CySEC and FSA in Seychelles, the ASIC.
Who Is Capital.com Recommended for?
If you are a trader looking to leverage the power of technology in hopes of maximizing earnings while accounting for the risks involved, then Capital.com is recommended for you. It is also a recommended instrument for those investors who are wanting a premium user experience.
This global CFD broker is also suitable for any beginner traders who are new to the trading scene. Capital.com caters to their needs by providing a range of learning and support material and has gone on to formulate a new “Learning Mode” for its newbies. Features such as free webinars, comprehensive guides, educational courses, and detailed tutorials are all indications of Capital.com’s focus on investor education. Users can even download an investor education app.
Capital.com Pros and Cons
Capital.com Trade Experience
U.K. residents also have access to spread betting. However, no crypto CFDs are available to U.K. residents or retail traders from any broker entity in the United Kingdom.
Five trading apps are offered by Capital.com. These include its proprietary Trading App, an app for education called Investmate, TradingView, and the MetaTrader 4 (MT4) app – all of which are available for download on the Google Play Store for Android devices and the Apple App Store for iOS devices. The web platform provides a fifth alternative.
Commission and Fees
The fees present tend to be rooted in spread charges, and a quick check across the market reveals the competitive nature of the said fees.
As far as commissions go, there are none to be found, which is not the case for many of the other competitors in the industry.
It is not easy to compare the trading fees for different CFD brokers. However, stock index CFD fees are high for Capital.com compared to what its closest competitors charge.
A basic term related to broker fees is non-trading fees. These non-trading fees typically refer to charges that are not related directly to trading, for example, inactivity fees or withdrawal fees. Like Forex CFD fees, Capital.com also has low non-trading fees.
Not being charged an inactivity fee for not trading for a long period is rare among CFD brokers; however, Capital.com is one of the very few that doesn’t charge its users for inactivity. Additionally, the platform also does not charge any account deposit or withdrawal fees either.
Nevertheless, there are overnight fees at play that you’re going to want to bear in mind.
How to Open an Account with Capital.com
In this case, opening an account at an online broker, especially Capital.com, is a relatively straightforward process, and one can do the entire process from their device.
Fortunately, almost anyone can open an account with Capital.com, free of charge, with a few exceptions being those that are residents of unstable political and economic backgrounds. While there are several ways one can explain the process of opening an account at Capital.com, the process below generally involves the following steps:
Step 1 - Click "Open Account" or "Trade Now"
Step 2 - Fill out the information, then Click "Continue"
Add Personal Information
In this step, you are required to fill out a questionnaire, which will ask for basic personal information like your name, surname, date of birth, place of residency, nationality, employment, and other similar information.
You may notice that the form is more straightforward and concise than those of competitors. The idea behind this decision is to create a streamlined process while only collecting data that is absolutely needed.
The broker you have chosen will determine the complexity of this step. Apart from providing contact details, you will also be asked to answer questions regarding your trading experience. Regarding security reasons, you will answer questions that prove that you are legally allowed to trade.
The next step to opening an account with Capital.com involves identifying yourself. Usually, this broker website will ask you to scan and upload your proof of identity and residency. This can be a copy of your ID card, your bank statement, or even a copy of your passport, although exact requirements may vary from broker to broker. Some brokers have dragged out the process of opening an account with them by requiring registering users to mail them physical copies of these documents.
Ideally, for Capital.com, this process is completely digital, and it will accept a copy of your national ID, passport, or driver’s license regarding proof of identity; and a copy of your bank statement or utility bill concerning proof of residency. Once again, you will go through the entire identification on Capital.com’s web platform as it is fully digital.
Seal the Deal
By this step, you will have made it through basic registration and identification. You will now have to review any information you have provided Capital.com with. Afterward, you will need to sign a virtual contract to prove that you agree to the terms and conditions of the broker of your choice.
Fund Your Account
Now that your Capital.com account has been verified and opened, you can begin trading. In this step, you will be required to fund your account with the minimum deposit of your chosen account type. Apple Pay, credit cards, and debit cards require a minimum deposit of $20, but bank transfers will require a minimum deposit of $250. When this step is completed, you can now consider yourself a trader.
Capital.com Demo Account
Capital.com’s demo account mimics the real trading experience that this instrument offers. Unlike many other known brokers who impose arbitrary time constraints on their demo accounts, you are able to use Capital.com’s demo account for as long as you feel fit.
With a single click, you can toggle between your live trading account and your demo account. Traders should frequently be using this feature to test out strategies minus the risk.
As for Capital.com’s educational resources, they are plentiful. There is a solid array of videos, articles, as well as a complete lesson program available for all traders, which is specifically proven to be very useful for beginners. The educational program alone makes up a total of 28 lessons that are strategically distributed across five courses. To end the program, there is a final test available for users to take in an attempt to gauge their progress and financial knowledge.
Even though the Investmate education app has already been mentioned, it is still an impressive addition to the educational aspect of Capital.com, and its adopted gaming style allows traders to learn at their own pace and track all their progress.
Capital.com has around 72 educational videos on its YouTube channel – some have been embedded into its web platform as well. In addition, it has 10 written guides that are informative and rich in detail while focusing on a specific topic at a time. There are sub-articles to several of the ten guides that allow a trade to gain even deeper insight through explanations of concepts and various terms.
Overall, Capital.com’s educational offering can be said to be right up there with other good brokers in its category. However, it can benefit from an expansion in its lesson program to further elevate its already-impressive educational basis.
Capital.com Customer Service
- Online live chat
- Facebook Messenger
These live chat platforms are normally answered by Capital.com very swiftly. It also offers support for customers in eight languages, namely English, French, German, Italian, Russian, Spanish, Arabic, and Turkish.
Like any other broker, Capital.com isn’t perfect, and there is still room for improvement. Nevertheless, these drawbacks are not significant enough to completely deter a trader from giving this application the chance it deserves.
|🤖 Demo Account||Yes|
|💰 Leverage||Up to 1:30 for retail clients|
|📊 Available Assets||Indices CFDs, Forex CFDs, Commodities CFDs, Cryptocurrency CFDs, Shares CFDs, and real stocks|
|💳 Deposit Methods||Wire Transfer, Credit Card, Debit Card, Skrill, Neteller, UnionPay, Apple Pay, WorldPay, RBS, Trustly, GiroPay, iDeal, Multibanco, Sofort, Qiwi, WebMoney, Asian online banking, and Przelewy24|
|🏦 Min Deposit||$20 by card|
|💰 Regulation||FSA, FCA, CySEC, ASIC|
|🌎 Countries||Available in 183 countries except for the USA, Canada, Japan, Turkey, Belgium, Pakistan, Iraq, Iran, DPRK, Mainland China, Palestine, Afghanistan, Syria, Somali, Botswana, Bahamas, Ethiopia, Ghana, Sri Lanka, Serbia, Tunisia, Trinidad, Tobago, United States Minor Outlying Islands, Yemen, Spain, Portugal, United Kingdom, and Ireland.|