Capital.com Review: Why You Shouldn’t Second Guess This Forex Broker

Your search for a wholesome trading platform offering access to stocks, forex, cryptocurrencies, commodities, and more ends today with Capital.com.

Deemed one of the more reputable online trading ecosystems and financial service providers, Capital.com specializes in CFDs or Contracts for Differences, allowing traders to access leverage, the perks of short selling, and better risk management tools.

Capital.com was awarded the Best Mobile App of the Year 2022 by the Investment Trends panel, making it one of the more credible options around. 

Yet, if you still need to delve deeper into the services and features before giving Capital.com a try, I recommend you spare time for a detailed review. Throughout the next few sections, I shall evaluate Capital.com across a wide range of parameters, helping you make an informed choice about your next stock or forex broker.

Pros and Cons

If you are on the fence regarding Capital.com, the list of pros and cons can work as a potent icebreaker.

Pros

• Access to the widest possible range of markets
• Airtight regulatory compliance
• User-friendly interface
• Demo account
• Mobile trading support
• Use of AI and advanced analytics
• Prompt customer care setup

Cons

• Only supports CFDs and not legacy instruments
• Doesn’t offer pension products or ISAs

At press time, Capital.com offers access to over 3,500 global markets, which can be further segregated into over 2700 stocks, 20 indices, 112 cryptocurrencies, and a handful of Forex pairs and Commodities.

Background

This online trading platform came into existence in 2010, making it one of the older and more credible players in the space. Over the years, it has gained all the key regulatory approvals, including the FCA in the United Kingdom and CySEC in Cyprus.

Capital.com already has links with over 540,000 individuals across the globe as a service provider.

Trading Platforms

Capital.com has three trading platforms: MetaTrader 4, TradingView, and Capital.com trading platform. Each platform is designed with features that make it unique.

Metatrader 4 (MT4)

MetaTrader 4 is one of the most popular web and mobile trading platforms. Its features include customizable trading options, 24/7 automated trading, and multiple charts.

TradingView

TradingView is another popular platform that is available in mobile apps and web options. Capital.com’s TradingView platform has advanced charts, market and trading analysis, trading alerts, and real-time market news.

Capital.com trading platform

This is Capital.com’s proprietary trading platform, and it’s one of the few broker’s proprietary platforms to be available in web and mobile versions. Its features include personalized watchlists, numerous technical indicators, and shortcut access to global markets.

All Capital.com Interfaces

Notably, Capital.com doesn’t only come in one size. Instead, to use and experience the features, you can connect with the existing browser-led web interface or the mobile apps. Let us take a closer look at the unique features associated with each platform:

Capital.com iOS App

• Holistic availability across the iOS ecosystem, including the iPad.
• Access to advanced security traits like Biometric authentication
• Seamless user interface
• Apple Watch compatibility
• Access to push notifications
• Access to the demo account

Capital.com Android App

• Integration with Google services
• The highest possible degree of notification
• Customizable interface
• Access to mobile charting tools
• Quick access to educational content

However, if you wish to continue with Capital.com’s web interface, you can experience features like multi-screen trading and a comprehensive dashboard featuring complex charts and data.

Getting Started

To get started with Capital.com, you can simply hit the “Sign Up” button and log in using new or existing social credentials. Ls. You need to follow up with a few questions regarding residency, personal credentials, and more to get verified and start trading using Capital.

Regarding the KYC verification, which usually takes 10 to 15 minutes max, you can supply the following documents:

1. Passport or any national ID
2. Proof-of-Residence in the form of a utility bill or bank statement.

Once you are all set, you can start with funding the account.

While creating an account, you can choose between standard CFDs or the Spread Betting account to simply go long or short, based on market movements.

Features and Offerings

Now that you know a fair bit about the Capital.com platforms and the signup process, it is time to take a closer look at the feature sets:

Packed Trading Instruments

Even though Capital.com offers Contracts for Differences, it lets you work with stocks, forex, indices, crypto, and commodities. When it comes to shares and stocks, all the top U.S.-based options are supported.

Besides the US markets, Capital.com lists stocks specific to the Canadian, Australian, and a host of other global exchanges.

Here are the instrument-specific lists to look at:

Stocks

Indices

Cryptocurrencies

Commodities

Forex

Advanced Trading Tools

Capital.com, in association with TradingView and MetaTrader, lets you get access to advanced trading charts, insights related to accurate technical analysis, and more. The highlights include access to real-time data, a user-friendly interface, and a host of indicators and tools.

Demo Account

If you do not want to risk your funds right at the beginning, Capital.com’s demo account can come to your rescue. Once you activate the demo account, you can access £1,000 worth of funds to start trading.

In addition to the mentioned traits, Capital.com also boasts an educational repository of courses and trading guides divided into three parts – Market guides, learning hub, and trading strategies guides. These materials are available in video and written formats. The broker also has an integrated economic calendar that traders can monitor to stay ahead of market movements.

Also, Capital.com is one of the few platforms to offer margin calls, which are notifications when the margin requirement exceeds the account equity.

Each feature makes Capital.com one of the more trusted service providers around.

Fee Structure and Limits

With the features out of the way, let us take a closer look at the trading fees, overheads, and other associated costs. Firstly, Capital.com doesn’t charge any commission on trades. However, like any other trading platform, you need to focus on spreads, which can vary based on the asset type.

For instance, the S&P 500 attracts an average spread of 0.8 points, whereas the more elusive Europe 50 CFD attracts 2 points. The average spread for the Capital.com Forex broker is around 0.6 pips.

Capital.com also charges a host of other overheads, including the following:

1. Financing fees for margin: Anywhere between 2% to 10%
2. Inactivity fee: $10 per month
3. Benchmark fee that can go as high as $4.2 for elusive CFDs

If you want to get a better deal on the fees and overheads, you can choose to become a Pro Capital.com client. The requirements for the margin per quarter are a portfolio size higher than 500,000 EUR and more. Here are the benefits you get as a Pro Client.

The inactivity fee is charged only if you restart trading after a year of slumber. Plus, this forex broker doesn’t charge any fee for deposits and withdrawals.

Yet, as a trader looking to focus on deposits and withdrawals, it is essential to know about the limits. For deposits, you can go as low as $20 using cards and wallets, whereas for bank deposits, the minimum amount is $250.

The minimum withdrawal limit is set to $50. As for the payment types, Capital.com supports bank transfers, cards, and electronic wallets. Standard withdrawals take less than 24 hours, but bank transfers can take up to 5 days, depending on the scenarios. Based on the reviews, the minimum lot size is 1 unit, meaning fractional investing for CFDs isn’t supported.

Regulations and Licensing

Capital.com is regulated and licensed by CySEC, ASIC, SCB, and FCA. These regulatory bodies ensure that the broker is transparent and accountable with its offerings and that traders are protected in any eventuality.

Security Standards and Customer Support

The best thing about Capital.com is the way it adheres to international regulatory standards involving KYC and anti-money laundering standards. But there is more to the platform than that. Capital.com employs a host of security standards to secure user funds and data further. These include:

• Advanced cybersecurity measures
• Secure servers and infrastructure
• Two-factor authentication
• Secure Login
• Regular security audits
• Built-in fraud monitoring and detection

Besides the advanced security implementation, Capital.com also scores a home run when the customer support traits are concerned. These include:

1. Multi-lingual support
2. Round-the-clock support
3. A dedicated help center

You can directly contact Capital.com using the email support or the direct contact number.

Payment Options

Deposit and withdrawal options are critical aspects of online trading; hence, traders prioritize available payment options before selecting a broker. Here are the options available on Capital.com.

Deposit Methods

Deposit options on Capital.com include bank transfers, credit/debit cards, and e-wallets. Deposits can be made in USD, EUR, GBP, and CHF. The broker does not charge deposit fees; its processing time varies per option.

Withdrawal Methods

Withdrawal options at Capital.com include bank transfers, credit/debit cards, and e-wallets. However, traders must fulfill the broker’s verification process before withdrawals are processed.

Who Should Consider Capital.com?

Anyone looking to trade leveraged CFDs can head over to the Capital.com forex and stockbroker. With over 570K traders and a monthly investing volume of over $56 million, liquidity, credibility, and service spreads are top-notch and do not require any other validation.

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