Capital broker offers CFD trading on multiple asset classes including currencies, indices, and commodities on its proprietary web platform. There are several accounts to choose from with variable spreads with a leverage of 1:30 or 1:200 for pro traders and the option to trade micro-lots as well. There are two companies behind this broker: Capital.com SV and Capital Com (UK) Limited which are based in the UK and Cyprus.
Allegedly, the broker is regulated by the FCA and CySEC which are very important to the trader’s safety but there were a lot of complaints about this broker in the past. There was supposed to be an implementation of segregated accounts which implies that the broker cannot spend money that you have deposited for its own purposes. Besides both of the financial watchdogs require participation in compensation schemes.
Capital has a minimum deposit of $100 and the company offers CFDs on asset classes other than FX. The minimum deposit makes sense only if you are a new trader who wants to experiment. A bigger investment is always needed to execute a long-term trading strategy. The spread on the EUR/USD pair at Capital is floating at 0.6 which is extremely tight. There is also no information about a commission fee because the broker does not allow a demo account.
The leverage on Capital allows you to take bigger positions with less capital to back them up. This could be a serious issue if you don’t know how to properly use this feature. Make sure you understand the risks that are involved with margin trading. There are a lot of payment options at Capital which is very confusing for new traders including bank transfer, credit, and debit card, Skrill, Sofort, Neteller, iDeal, GiroPay, Prlzelwy 24, Webmoney, Astropay and much more.
With Capital.com you can open a live account in GBP, EUR, and USD. The broker is a CFD one which offers to trade in a wide range of tradeable assets. However, usually, the traders complain about the trading conditions and customer support.