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CapTrader Broker Review 2024

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CapTrader Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:CapTrader
Founded:Germany
Min Deposit:2000
Max Leverage:20
Headquarter:Düsseldorf
US Accepted:
About
CapTrader is a Düsseldorf-based Forex and CFD broker that was founded in 1998. This broker is regulated broker by Central Bank of Ireland and offers trading and investing services for more than 1.2 million securities. CapTrader provides 4 account types, including Individual or Joint account, Family Depot, Company account, and Managed accounts.
Contact
Elberfelder Str. 2, 40213 Düsseldorf, Germany
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Excellent customer support
Competitive pricing and low commissions
Wide range of tradable assets
Access to 150+ global markets
Cons
No top-tier regulation
High initial minimum deposit
Lack of variety in deposit and withdrawal methods

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.

CapTrader broker review
CapTrader review, pros, cons, features

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:

Broker

CapTrader

Account Types

Individual/Joint account, Family Depot, Company account

Regulating Authorities

CBI

Based Currencies

EUR, GBP, USD, CHF, CZK, PLN, DKK, NOK, SEK

Minimum Deposit

$2000

Deposit Methods

Bank Transfer

Withdrawal Methods

Bank Transfer

Minimum Order

0.01 Lot

Maximum Leverage

1:20

Investment Options

Managed Accounts

Trading Platforms & Apps

TradingView, TWS, mobile app, AgenaTrader

Markets

Forex, CFDs, bonds, shares, warrants, ETFs, futures, options, investment funds, crypto

Spread

Floating from 0.0 pips

Commission

From $2

Orders Execution

Market

Margin Call/Stop Out

100%/50%

Trading Features

Demo account

Affiliate Program

Yes

Bonus & Promotions

Deposit bonus, cashback bonus

Islamic Account

No

PAMM Account

No

Customer Support Ways

Email, live chat, phone

Customer Support Hours

24/5

Restricted Countries

Iran, Syria, North Korea, Lebanon, and more

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 demo account
CapTrader offers a risk-free demo account for inexperienced traders

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.
CapTrader Trader Workstation
CapTrader Trader workstation offers a reliable trading platform with over 150 markets
  • 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:

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:

Instrument

Commission

Shares

From 2 €

ETFs

From 2 €

Options

From 2 €

Futures

From 1 €

Forex

From 3.75 €

CFDs

From 2 €

Warrants

From 6 €

Certificates

From 6 €

Bonds

From 8 €

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

CapTrader Forex and CFD commissions
CapTrader has low commissions on Forex and CFD symbols

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 managed account
CapTrader Managed account allows beginner traders to use the expertise of professional traders

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
CapTrader affiliate program
CapTrader Customer Recruit Customers allows traders to earn up to 250 €

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 Trustpilot score
CapTrader has incredible reviews on the Trustpilot website

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. 

FAQs

Is CapTrader safe to use?

Yes, CapTrader is regulated by CBI and is a member of the EdW compensation scheme.

What is the minimum deposit for a CapTrader account?

The minimum deposit in CapTrader broker is $2,000.

Does CapTrader offer demo accounts?

Yes, CapTrader provides demo accounts for traders to practice and familiarize themselves with the platform.

How can I deposit funds to my CapTrader account?

The only deposit and withdrawal methods in the CapTrader broker is bank transfers.

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