Capital.com is an exciting fintech company with offices in London and Gibraltar, as well as a research center in Minsk. They aim to allow retail and commercial clients the ability to trade across a variety of financial markets and utilize patent-pending AI technology to provide investment ideas and advice. This Capital.com review will give you te pro and cons of the broker.
Company Details
Capital.com was founded in 2016. They have upwards of 300,000 clients and operate in over 50 countries. They aim to allow clients to trade CFDs and other derivatives on Forex pairs, commodities, stocks, and other indices, and leverage artificial intelligence within their platform to help with ongoing education and decision-making optimization.
They operate in Cyprus, Belarus, and London. Capital.com is one of a select few CFD trading platforms that are fully compliant with the regulations laid out by the European Security and Markets Authority (ESMA), protecting investors’ money with leverage of up to 200:1 (depending on the type of account users have). They are also regulated by the FCA and the CySEC.
Capital.com is also a trading partner to the prominent La Liga football team, Valencia Cf, in Spain.
Trading Platform
Capital.com as a trading platform is very intuitive to use: there has obviously been a real focus on user experience from the development team. The experience of moving from the web-based application to mobile is seamless, offering an extensive level of technical analysis without overwhelming the screen space with too much unnecessary data.
This simple, easy-to-use interface is an excellent gateway into trading CFDs for users, although experienced investors may want access to more detailed figures, charts, and analyses.
There are, in our opinion, superior trading platforms out there:
Assets / Markets
There is a broad selection of markets and asset classes for users to trade across with Capital.com:
- 18 commodities
- 29 cryptocurrencies
- 68 Forex pairs
- Various indices
- Nearly 1700 individual stocks.
You can also speculate on CFDs for a range of asset classes.
Spreads & Commission
Compared with many competitors, Capital.com offers some of the tightest spreads currently available on the market – for example, one of the most liquid currency pairs, EUR/USD, is around 0.6 pips. Capital.com doesn’t charge a commission on trades either, and fees are only charged if positions are held open overnight. The specifics of the fees will depend on the market – full details can be found on the site.
Leverage
Capital.com is fully compliant with the ESMAs leverage requirements across multiple asset classes;
- 30:1 for major currency pairs
- 20:1 for non-major currency pairs, gold and major indices
- 10:1 for commodities other than gold and non-major equity indices
- 5:1 for individual equities and other reference values
- 2:1 for cryptocurrencies
These leverage rules are put in place to limit the risk a trader assumes – this is particularly important for new traders, as overextending your position without sufficient capital can be extremely risky. Negative balance protection is applied at Capital.com, so traders cannot lose more than the amount they deposit.
Traders can also apply for a professional account to access higher levels of leverage, but this requires proof of trading experience and sufficient trading capital.
Mobile Apps
Capital.com has both a web-based platform and an excellent mobile application (CFD Trading App) with full functionality (developed for iOS and Android).
It’s available to download directly from the app store. They also have developed a supplementary app called Investmate, which exists primarily as an educational platform, which again is available to download on both iOS and Android.
Payment Methods
Various payment options exist at Capital.com. Users can make a bank transfer, use either a credit or debit card, iDeal, Giropay, QIWI, Webmoney, and a long list of other popular e-wallets (the full list is available in the FAQs section on the website).
You can open accounts in GBP, Euros, Zlotys, or US Dollars. Capital.com separates bank accounts for brokers and clients, adding an extra layer of security. There is no commission charged for withdrawals. Skrill and Neteller can be used for deposits after the initial deposit.
Demo Account
A demo account is available. On registering, users can make a choice of which platform to continue.
Bonus
Capital.com doesn’t have any clear deals or promotions running, but this is an indication of the strength of the trading platform – there’s no need to rely on introductory offers, which for several platforms tend to fall under the category of ‘gimmicks’ more often than useful features.
Regulation And Licensing
Capital.com is extremely trustworthy. They are fully compliant with ESMA legislations and in accordance with the FCA – a notoriously tough regulator. Capital.com has been featured in several reputable publications (such as The Guardian and City AM). This is a platform trader can trust. The downside is protected and it’s easy to set stop losses depending on your individual attitude to risk.
Additional Features
Capital.com uses artificial intelligence to help investors make better trading decisions, offering tailored news feeds rather than a ‘one size fits all approach, spotting biases emerging within patterns of trades, and offering corrective advice, as well as a whole host of other educational offerings.
They also offer in-depth webinars, and access to an economic calendar so traders can anticipate key market-moving events.
Account Types
Capital.com offers three broad account types in two categories, Retail, and Professional. The account types are
- Standard
- Plus
- Premier
Although all accounts offer the core features, benefits vary based on the specific type of account used, and the minimum deposit increases – from $100 for the Standard all the way up to $10,000 for Premier. Premier users have exclusive access to events and private webinars. Professional accounts acknowledge a certain degree of trading experience to get access to more complex instruments and margins.
Benefits
The user education angle is one of the key differentiators between Capital.com and its competitors. Utilizing artificial intelligence for smarter, actionable insights means traders have the opportunity to learn from their mistakes much faster than with traditional trading platforms.
This feature meets an enormously important user need: for up-to-date, relevant news relating to their positions. The simplicity and functionality of the user interface are other attractive features, as well as the lack of commission charged on trades.
Drawbacks
The initial deposit can be higher than rivals, depending on what sort of account users have. In addition, some traders may prefer simpler (or more traditional) brokerage services, without the additional news feed or learning platforms.
MT4 Integration may also help some traders. At present, it is not offered at Capital.com.
Capital.com Trading Hours
The platform is available to use 24/7, although market opening times will differ depending on what asset class you’re looking to trade – an important facet of trading to remember. You can find more information about relevant opening times on the website.
Contact Details / Customer Support
Capital.com is available to be contacted 16 hours a day, 7 days a week on the phone, via an in-website chat window, or through messenger. You can also email an inquiry using a web form. So, there are several options available for users to get in touch with the support team. There’s also an extensive FAQ section on the website covering many important points.
The full list of contact details is available on the ‘Contact Us page of their website
Safety And Security
Capital.com is an extremely secure platform, with comprehensive levels of account and identity verification required to commence trading. The website is very secure and continually updated to ensure the safety and security of users. In terms of data protection, Capital.com is fully GDPR compliant.
Verdict
Overall, Capital.com is an excellent choice for investors looking at using a brokering service. The broker is fully regulated and protected by various authorities, utilizes the latest technology to enhance user experience, and offers extremely attractive spreads.
The platform is easy to use and the mobile applications boast impressive functionality. For investors looking to educate themselves on financial markets, techniques, and economic conditions, Capital.com is a great place to start.
Accepted Countries
Capital.com only accepts traders from Argentina, Austria, Bahrain, Armenia, Bulgaria, Chile, Croatia, Cyprus, Czech Republic, Germany, Estonia, Finland, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Indonesia, Ireland, Italy, Kuwait, Latvia, Liechtenstein, Lithuania, Mali, Mexico, Monaco, Oman, Netherlands, Norway, Pakistan, Philippines, Portugal, Qatar, Romania, Sierra Leone, Slovakia, Spain, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom.
| Capital.com offers CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app. |
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.
