Rating
4.3

Introduction

CapTrader is an online broker that provides its customers a direct access to more than 1.2 million financial instruments in 33 countries, covering more than 135 exchanges and 23 currencies.

Deciding to invest in stocks or forex is a wise move, but only if you make the right choices. If you are new to investing, you may find it quite a hassle and, in such cases, finding a dependable broker can really make the journey easier.

CapTrader is one of the best-known brokerage platforms out there. And so today, we’d like to examine just how reliable the company is. Is it worth your trust? Let’s delve deeper.

An Overview of CapTrader

CapTrader was launched in 1997. The company offers online brokerage services with direct market access to over one million financial instruments in 24 currencies in 31 countries. It covers over 125 universal exchanges including Forex, Bonds, ETFs, Stocks, and more.

Simply put, CapTrader introduces traders to potential investment ventures and they offer global exchanges with attractive price commissions. The platform executes over a million trades daily so you can rest easy knowing that your orders will be steered to some of the best implementation venues.

It may also interest you to know that CapTrader has a selection of flexible and powerful trading platforms to pick from for mobile, web, and desktop devices. Plus, you can transfer your existing investment portfolio or open a trading account with the brokerage with a deposit of $2,000.

What's more, you can get expert coaching including training and webinars when you join the platform to help you familiarize yourself with the brokers' software and products.

Account Opening

Now that you have an idea about what CapTrader is and what it does, you probably want to know how to join the platform. Well, that won't be hard because all you will be required to do is to open an account with the company.

To do that, you will get an application form online from the platform's website. In the form, you will fill out your financial and personal details. You will also be required to provide proof of address and identity.

Once this is done, your account will be ready for use.

CapTrader Regulation

You know a company is legit when it has regulations governing it and CapTrader does have some. It is a product of FXFlat Wertpapierhandelsbank GmbH. It is listed with the German Financial Supervisory Authority and is, therefore, under German supervisory laws.

CapTrader Accounts

What is a forex account? Essentially, it is a trading account held by an investor with a company that offers the same services that CapTrader does which is to allow traders to conduct business through it.

Normally, the type and number of accounts that an investor can open with such a company differ depending on the country in which the trader resides, the country in which the brokerage operates, and the regulatory bodies that govern the brokerage company.

Here are the types of trading accounts you get with CapTrader.

  • Demo Account - If as an investor, you are interested in joining CapTrader but you would prefer knowing about it without any risks associated before committing, you can open a demo account. It is free to open this account and it comes with the same functions a real account does. You may want to get this account if you are new to investing seeing as a real account will cost you 2000 USD or Euros. 
  • Standard Cash Account - With this kind of account, you get to choose the cash account that allows you to trade across a wide range of diverse markets.
  • Standard Margin Account - This account just like the Standard Cash Account, allows you to choose a margin account to trade across a broad range of diverse markets.

Which Countries does CapTrader Cover?

You are probably wondering whether you are eligible to open a CapTrader account based on where you live and the good news is that the platform serves clients universally. However, it may be unable to accept some applications from some countries because of legal limitations.

CapTrader Platforms

CapTrader boasts an assortment of versatile and powerful trading platforms. As a member, you get to choose between the WebTrader that is accessible through a web browser, Trader Workstation for Linux/ Mac/ Windows, or the Mobile Trader for smartphones.

As if that is not enough, you get access to the AgenaTrader platform that allows you to optimize your trading.

  • Trader WorkStation (TWS) – This high-performance platform has specific trading modules that facilitate trading futures, ETFs, shares, and the like.
  • Web Trader - This is a resourceful trading platform that is accessible through any computer and web browser.
  • Mobile Trader - This is a mobile application that you can download to your smartphone.
  • Agena Trader - This is a simple but unique trading platform made to offer suitable investment solutions to traders regardless of their trading volumes and skill levels.

CapTrader Trading Tools

One of the things we found to be appealing about CapTrader is that it partners with several recognized software providers to deliver a range of powerful trading tools that are designed the general trading experience for its users.

As a member, you can pick from an array of trading platforms to get suitable software that matches your trading style.

Here are some of the tools.

1. MultiCharts

This is a professional and award-winning trading and charting platform and it is compatible with EasyLanguage. In it, you will get strategic connections, optimization, backtesting, and advanced analysis functions that lead to brokers and top market data feeds.

2. NinjaTrader

This is a market analysis and chart program application. It is designed to offer trading simulation, backtesting, and systems development.

3. Autochartist

AutoChartist detects numerous chart patterns including wedges and triangles, as well as channels that are detected on trading tools in the course of the day. What this means is that you spend less time looking for qualitative investing opportunities while expanding your technical assessment.

4. Tradesignal Online Terminal

With this online portal, you get access to a large community and business news along with diverse quotes for carrying out interactive chart analysis and free trading tools. As an investor, you can program your trading systems as well as subscribe to international stock exchanges and paid services in real-time through a simple symbolic language known as Equilla.

TradeSignal Online comes in German and English.

5. Price Action Lab

This software program reviews market prices based on risk/yield parameters and user-defined performance statistics. When it comes to currencies, futures, or stocks, the software can automatically scan intraday or historical data.

With the Price Action Software, you get three functions, which are scan by P-indicator calculations, scan by price patterns, or search by price patterns. You do not require any knowledge of programming language to use these functions.

As for the search algorithm of the software, it is developed on data snooping and data-mining bias. Moreover, the software has a proofing function that reduces distortions.

6. OptionCube

This is more of a support tool that works to streamline decisions for risk managers, investors, and asset managers. It comes with a tool for risk management and management. OptionCube is a software and it comes in two versions – one for professional traders and the other for private traders.

What's more, you can integrate it through an API connection in the trading platform.

7. Options Software

This Asio Investment-Tools software allows you to assess current market data based on historical data. With it, you can assess several instruments simultaneously using real-time charts.

8. MTPredictor

This is software for Fibonacci trading and Elliott waves and is specifically developed for asset management companies, financial brokers, investors, hedge funds, expert traders, and private investors. That means that it is supposed to help traders globally to find promising trading opportunities based on complex assessment.

9. MotiveWave

MotiveWave is an expert collection of tools developed in a bid to make trading and assessing markets simpler. With it, you get support for technical analysis, user-friendly charts, and much more. This helps in tracking trading history and managing dependent orders.

CapTrader Education

As a new trader, you may find it harder to use CapTrader but to counter that, the platform offers its clients several free and exclusive seminars and webinars. In case you want to stay updated about the same, you can sign up for a free newsletter.

The brokerage also comes with several tutorial videos that help users as far as using its trading platforms. You also get access to a support team that is committed to guiding you through the platform's tools.

CapTrader Tools

With CapTrader, you get direct access to over 100 markets globally with reasonable prices and competitive trading conditions for trading in futures, ETFs, shares, warrants, and other exchange-traded derivatives and securities.

As a CapTrader user, you can join the various markets around the clock if you belong to a selected 26 countries.

That said; CapTrader has a restricted selection when it comes to the contract of differences. Therefore, if you are interested in trading CFDs with weight and risk on price movements without possessing the underlying asset, it may be necessary to consider other similar brokers.

CapTrader Fees

As we have previously mentioned, CapTrader offers margin and cash accounts. With cash accounts, you want to keep in mind that they can only trade long on stocks. The minimum deposit required to open such an account is $2,000 or an equivalent if you are using another currency.

Now, this is quite a high price compared to similar brokerage services that allow users to open accounts for as low as $1. 

As for margin accounts, the margin for index CFDs is 5% and 10% for stock CFDs. As an investor, you can control your equity capital via CapTrader up to 40 times when transacting forex currency pairs.

Deposits and Withdrawals

The thing about CapTraderis that you can only fund your account via wire transfer. You cannot do it through online payment processors like Skrill or PayPal neither through your debit or credit card. Cryptocurrency funding is not supported either.

Nevertheless, withdrawals and deposits can be made in different currencies including Euros, Pounds, and Francs.

Withdrawal duties are normally credited to the investor's bank account and will usually reflect within several business days.

Why Opt for CapTrader?

With all the online brokerages available, why should CapTrader be your top choice? Well, we feel like potential investors need to be allowed to carry out as much as possible research when it comes to speculative trading before completely going into it.

To do that, they have to rely heavily on market understanding and knowledge. The research options offered by brokerages form an essential part of their features when it comes to selecting the company to trade with.

CapTrader does offer research options via its database along with webinars that feature recognized trading signals and speakers. That should convince you to use the platform.

CapTrader Support

We have to say that CapTrader offers great customer support. They are reachable Monday through Friday through email, telephone, and chat. Besides, you get access to an online form that allows you to send any account, technical or general queries directly to the platform.

If you feel like that is not enough, you can request a call back at a time and date that suits you best. The support is offered in English and German.

Other than that, the brokerage's website has a detailed FAQs section where a broad range of frequently asked questions is addressed. You may find answers to some of your questions there.

Pros

  • Reduced ETF and stock fees
  • A broad range of products
  • Numerous research tools
  • Great track-record and reputation
  • Good customer support

Cons

  • It charges high forex fees
  • Some find its trading platform complex

Conclusion

Generally, CapTrader offers expert online brokerage services with competitive fees to match different trading styles. The platform is regulated and offers intuitive and powerful trading features along with an assortment of cutting-edge trading tools. 

It is also important to note that the platform engages in charity work to support communities which is quite commendable and that they have a committed customer team available to help most of the time. So, although it may be hard to navigate the platform, you can always get help whenever you need it.

For that reason, we would certainly endorse this product to new and seasoned traders alike.