CapTrader Broker Review 2024

CapTrader is an award-winning German Forex and CFD broker based in Düsseldorf. Founded in 1998, it offers trading and investing services for over 1.2 million securities.

Many traders joined CapTrader since it covers a wide variety of markets, including Forex, stocks, bonds, ETFs, CFDs, futures, options, and more.

This CapTrader review, breakdown its offerings, from diverse account types to its cutting-edge trading platforms. Let's explore why this broker has become a popular choice for both novice and experienced traders.

Company Information & Regulation of the CapTrader

CapTrader has been a player in the online brokerage scene for over 2 decades. With a focus on providing access to global markets, CapTrader has positioned itself as a go-to broker for investors seeking international exposure.

Key points about CapTrader broker:

• Founded in 1998
• Regulated by the Central Bank of Ireland (CBI) [Registration number 4602839]
• Member of the Compensatory Fund of Securities Trading Companies (EdW)
• Operates as an introducing broker (IB) for Interactive Brokers

CapTrader's partnership with Interactive Brokers as an introducing broker allows it to offer clients access to a wide range of global markets while maintaining the security and reliability of a well-established brokerage infrastructure.

CapTrader Specifications

Let's take a closer look at what makes CapTrader stand out in the crowded online brokerage market:

CapTrader Accounts

CapTrader offers a range of account types to suit different investor needs:

• Individual Account: The standard account for personal trading and investing.
• Family Depot: Allows management of up to 15 accounts from family members under one main account.
• Company Account: Designed for businesses looking to invest company assets in securities.
• Managed Account: For investors who prefer to have their portfolio managed by professional traders.

Additionally, CapTrader offers the choice between cash and margin accounts (available from age 21). The margin account provides access to a wider range of products, including futures and CFDs. Cap Trader also offers a demo account for beginner traders who want to learn trading Forex pairs without risking their money.

CapTrader Registration and Verification Guide

Opening an account with CapTrader is a straightforward process:

1. Visit the CapTrader website and click on "Open Account"
2. Choose your account type (individual, family, company, etc.)
3. Fill in the required personal information
4. Enter your email, create a username and password for your account
5. Add your personal and contact information, then enter your identification document number
6. Complete the financial and trading experience questionnaire
7. Upload verification documents (ID, proof of address)

Remember, you can use your passport, government-issued ID, and driver’s license for identity verification. For proof of address verification upload a utility bill or bank statement.

CapTrader Trading Platforms and Apps

CapTrader offers a suite of advanced trading platforms to cater to different trading styles and preferences:

• Trader Workstation (TWS): A powerful desktop platform offering advanced charting, real-time data, and customizable layouts.

• Client Portal: A web-based platform for account management, offering features like customizable dashboards and advanced charting tools.
• TradingView: Powerful trading platform with extensive indicators and powerful charting tools.
• AgenaTrader: Impressive trading platform with variety of trading features.
• CapTrader App: Available for iOS and Android, allowing traders to monitor markets and execute trades on the go.

Links:

• iOS
• Android

Each platform is designed to provide a seamless trading experience, with real-time market data, advanced order types, and robust risk management tools. The variety of platforms ensures that both casual investors and active traders can find an interface that suits their needs.

Trading Costs in CapTrader Broker (Commission and spread)

CapTrader is known for its competitive pricing structure, offering low commissions with ultra-low spreads across various asset classes:

This pricing structure allows traders to calculate their fees before entering a trade.

CapTrader Payment Methods

CapTrader only offers wire transfers for both deposits and withdrawals. While wire transfers are secure, the processing time could be a major drawback for this payment method. Credit card and cryptocurrency users must look for CapTrader alternatives when depositing and withdrawing money from this platform.

Investment Options Offered on CapTrader

CapTrader offers Managed Accounts, which allows professional money managers to trade on behalf of multiple client accounts simultaneously. However, traditional social or copy trading features are not available on CapTrader's platform.

The lack of copy trading features may be a drawback for traders who prefer to follow and replicate the strategies of successful investors.

CapTrader Bonuses and Promotions

CapTrader offers a referral program called Customer Recruit Customers, where existing customers can earn bonuses for recommending new clients:

• Refer a new customer who opens an account with a minimum deposit of €2,000 (€25,000 for custody accounts)
• Earn a bonus of up to €250 for each successful referral
• Receive an additional special bonus of up to €300 in credits for US options trades

The program is open to all CapTrader customers only, with certain exclusions applying.

Support Channels in CapTrader Broker

CapTrader prides itself on providing excellent customer support:

• Phone support: 0800-8723370 Available Monday to Friday, 8:30 to 20:00 (CET)
• Email: info@captrader.com
• Live chat: Available on the website during business hours
• Help center: Comprehensive FAQ section covering various topics

The support team consists of experienced EUREX exchange traders, ensuring that clients receive knowledgeable assistance with their queries.

For most other countries, CapTrader allows account opening and trading access, provided the necessary documentation and authorizations are completed.

CapTrader Broker Trust Scores & Reviews

CapTrader has garnered generally positive reviews from its users on the Trustpilot website:

• 4.9 out of 5 stars (based on over 300 reviews)
• Praised for low fees and excellent customer support
• over 95%, 5 start reviews

CapTrader actively responds to negative reviews, demonstrating a commitment to addressing customer concerns and improving their services.

TF Expert Suggestion

As a regulated broker with over 2 decades of experience, CapTrader stands out as a solid choice for traders seeking access to over 150 global markets with competitive commissions (starting from 2€).

Its partnership with Interactive Brokers provides a robust trading infrastructure, while the diverse range of tradable assets and professional-grade platforms cater to both novice and experienced traders.

Overall, traders should do their research and compare CapTrader features, pros, and cons with other broker before opening an account and committing funds to this platform.