CapTrader Review 2024
Website: www.captrader.com
Min. Deposit: US$ 2000
Leverage: 1:30
Trading Platforms: Trader Workstation TWS, TradingView, AgenaTrader, Mobile App
Regulation: BaFin
Headquarters: Germany
Founded: 1997
Regulatory Licenses:
- CapTrader GmbH - authorized by BaFin (Germany) BaFin-ID 10156708
Updated on April 1, 2024
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To deliver a comprehensive review of CapTrader, we embarked on an in-depth analysis, scrutinizing the broker across several critical parameters. Our evaluation encompassed examining CapTrader's regulatory framework, trading platforms, product offerings, account types, fees, spreads, customer service, and educational resources. This rigorous approach ensured a balanced assessment of CapTrader's services and offerings, comparing them against the benchmark set by over 1000 brokers in the industry. Our goal was to provide traders with a clear, unbiased view of CapTrader, highlighting both its strengths and areas for improvement.
CapTrader is a distinguished Forex and CFD trading broker, catering to both individual and institutional clientele. The broker boasts an impressive portfolio of over 1.2 million trading products across a wide array of asset categories, including stocks, shares, Forex, CFDs, options, futures, ETFs, bonds, and more. Operating under the stringent regulation of the German Federal Financial Supervisory Authority (BaFin), CapTrader is also an introducing broker for Interactive Brokers. This partnership underscores CapTrader's commitment to providing reliable and robust trading solutions, primarily focusing on markets in Germany and Europe. Clients benefit from CapTrader's support in establishing a business relationship with Interactive Brokers and utilizing its advanced electronic order system for their trading activities.
Pros
Offers a diverse selection of over 1.2 million trading products
Variety of trading accounts to cater to different trader needs
Competitive trading fees and spreads
Access to professional trading platforms
Cons
Higher minimum deposit requirement than some competitors
Lack of 24/7 customer support
Limited educational materials and research for indepth learning
Is CapTrader Safe or a Scam? ▲
CapTrader's operations are rigorously regulated by the German Federal Financial Supervisory Authority (BaFin), ensuring a high level of security and compliance. As an introducing broker for Interactive Brokers, CapTrader benefits from the robust infrastructure and extensive experience of one of the world's leading brokerage firms. This regulatory oversight and partnership provide a strong foundation of trust and reliability, affirming that CapTrader is a safe choice for traders and not a scam.
Leverage is a powerful tool that allows traders to expand their market exposure with a smaller initial investment. However, it's crucial for traders to understand the risks involved in leveraged trading. CapTrader offers leverage in compliance with BaFin regulations, with European traders having access to a maximum leverage of up to 1:30 for major currency pairs. This regulated approach to leverage ensures that traders can harness its benefits while being protected by the safeguards enforced by regulatory authorities.
Account Types
Based on our comprehensive analysis, CapTrader offers a diverse assortment of account types catering to different categories of traders, including Individual, Joint, Family, and Corporate accounts. Additionally, for those looking to practice trading without financial risk, CapTrader provides Demo and Paper Trading accounts, allowing traders to hone their skills in a simulated trading environment.
Opening CapTrader Trading Account
Registering for an account with CapTrader is a straightforward process. Potential traders can quickly start the account opening process by following these steps:
Navigate to the “Open an Account” section on the CapTrader website.
Fill in the necessary personal information (Name, email, phone number, etc.).
Submit the required documents for verification (proof of residence, identification documents, etc.).
Complete an electronic questionnaire to confirm your trading expertise.
After your account has been verified and activated, you can proceed with depositing funds.
Trading Instruments
CapTrader offers an impressive selection of over 1.2 million trading instruments across various asset classes including equities, Forex, CFDs, precious metals, options, futures, ETFs, bonds, and more. This wide range of available instruments enables traders to diversify their investment portfolios and tailor their trading strategies to suit their personal preferences and financial goals. The breadth of CapTrader's market offerings earns it a score of 4.4 out of 5 for its diverse trading instrument selection among Forex, CFDs, Cryptocurrencies, and more.
CapTrader Fees
Through our extensive research encompassing over 1000 brokers, we determined that CapTrader offers competitive pricing on most of its trading services. While the broker does not impose fees on deposits, traders should be aware of possible withdrawal and inactivity fees. It is advisable to thoroughly review CapTrader's fee structure to fully understand all the applicable charges and how they might affect your trading profitability. CapTrader's fees are considered average, receiving a score of 3.9 out of 5 based on our evaluation and comparison with other brokers.
CapTrader Spreads
Our examination revealed that CapTrader offers competitive and narrow spreads, with the average spread on the EUR/USD pair being 0.1 pips in the Forex market. Nonetheless, traders should note that spreads can fluctuate based on market conditions, volatility, and liquidity. For the most accurate and up-to-date information on spreads, we advise checking CapTrader's website or getting in touch with their customer support. CapTrader's spreads are deemed average, achieving a score of 4.0 out of 5 in our analysis, highlighting the broker's competitive Forex spreads and overall tight spreads across various instruments.
Currently, the broker offers limited funding options, primarily focusing on Bank transfers as a method for depositing funds into trading accounts. The broker's funding methods received a decent rating, scoring 3.5 out of 5. The fees associated with transactions are competitively low, and traders can benefit from a variety of account-based currencies, which adds some flexibility to managing funds.
The broker's minimum deposit requirement is set at $2,000, which is significantly higher than the industry average, where most brokers require a minimum deposit of around $500. This high entry barrier might deter novice traders or those looking to start with a smaller capital.
Withdrawals can only be processed to accounts bearing the same name as the trader, with available methods depending on the chosen currency. To withdraw funds, traders are guided through a series of steps, including logging into their account, selecting the 'Withdraw Funds' option, entering the amount, choosing the withdrawal method, completing the electronic request, and submitting it for processing.
Pros
Competitive transaction fees
Variety of accountbased currencies
Cons
Limited funding options
High minimum deposit requirement
CapTrader grants access to renowned trading platforms such as the Trader Workstation TWS, TradingView, and AgenaTrader. These platforms are celebrated for their comprehensive features, user-friendly design, advanced charting tools, and robust trading capabilities, making them suitable for a range of trading strategies.
The broker's platform selection is highly rated, achieving a score of 4.3 out of 5, standing out amongst a comparison group of 1000 brokers. The inclusion of the widely-used TradingView platform is particularly advantageous, catering to both novice and experienced traders with its blend of powerful features and intuitive operation.
Pros
Access to toptier trading platforms
Advanced charting and trading tools
Cons
May have a learning curve for beginners
The broker offers customer support 24/5 through various channels, including phone, email, live chat, and social media. The support team is adept at handling a wide range of inquiries, from technical issues to general questions, ensuring that traders receive timely and effective assistance. Customer support at CapTrader is rated favorably, with a score of 4.0 out of 5, reflecting the team's responsiveness and efficiency during working hours.
Pros
Multiple support channels
Responsive and helpful support team
Cons
No 24/7 support availability
Unfortunately, the broker falls short in providing a comprehensive educational offering. The website lacks extensive educational resources, seminars, or in-depth research material, offering only basic trading ideas. This deficit in learning materials significantly impacts the broker's appeal, especially to beginner traders who require educational content to develop their trading skills. Consequently, the education segment receives a low rating of 2.5 out of 5.
Pros
Provides some informative trading ideas
Cons
Lacks comprehensive educational resources
Limited research materials
In summary, CapTrader is a regulated forex broker offering competitive trading conditions, access to a broad spectrum of financial instruments, and advanced trading platforms. The broker's favorable pricing, commissions, and tight spreads create an appealing trading environment for various traders, especially those based in Europe or preferring platforms like TradingView.
However, the broker's shortcomings, particularly in educational resources and the absence of 24/7 customer support, may deter novice traders. Despite these drawbacks, CapTrader remains a solid choice for experienced traders, those interested in CFD and currency trading, or anyone seeking competitive spreads, low fees, and good trading tools.
Overall, CapTrader caters well to advanced and professional traders, offering a competitive trading environment with STP execution. Yet, potential clients should weigh the limitations in educational support and customer service hours against the broker's trading benefits.
