Our Review Method for CapTrader
At CapTrader, our team of seasoned Forex Trading experts, each with over a decade of industry knowledge, conducts a meticulous assessment. This includes a comprehensive examination of trading conditions, adherence to regulatory standards, scrutiny of fees and spreads, evaluation of platform features, interactions with customer support, and practical trading experiences. Our primary goal is to provide you with expert insights into the world of CapTrader.
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- Leverage: 1:30 | 1:2000
- Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
- Min. Deposit: 0 US$
- HQ: Cyprus
- Platforms: MT4, MT5, HFM Trading App
- Found in: 2010
- HF Markets (Europe) Ltd – authorized by CySEC (Cyprus) registration no. 183/12
- HF Markets (UK) Limited – authorized by FCA (UK) registration no. 801701
- HF Markets (DIFC) Ltd – authorized DFSA (Dubai) registration no. F004885
- HF Markets (SV) Ltd – authorized by FSA SVG registration no. 22747 IBC 2015
- HF Markets (SV) Ltd – authorized by FSC (Mauritius) registration no. C110008214
- HF Markets SA (PTY) Ltd – authorized by FSCA (South Africa) registration no. 46632
- HF Markets (Seychelles) Ltd – authorized by FSA (Seychelles) registration no. SD015
- HFM Investments Ltd – authorized by CMA (Kenya) license no. 155
What is CapTrader?
CapTrader is a Forex and CFD trading broker, which provides its services to both individual and institutional clients. The broker offers over 1.2 million trading products in diverse asset categories like stocks, shares, Forex, CFDs, options, futures, ETFs, bonds, and more.
According to our findings, CapTrader operates under the regulation and authorization of the German Federal Financial Supervisory Authority (BaFin). Also, it is an introducing broker associated with Interactive Brokers, so stands on a reliable offering IB provides as a leading Brokerage firm worldwide. CapTrader offers support services to clients for establishing a business relationship with Interactive Brokers and using the broker’s electronic order system while mainly focusing on trading offerings in Germany and Europe.
Overall, CapTrader aims to provide competitive and trustworthy trading conditions, a wide range of trading products, and advanced trading platforms suitable for beginners, experienced traders, and professionals.
CapTrader Pros and Cons
CapTrader has several advantages and disadvantages that you should consider when selecting the firm as your Forex trading broker. For the pros, the firm provides a diverse selection of trading products, a variety of trading accounts, competitive trading fees, and access to professional trading platforms.
For the cons, the minimum deposit requirement is relatively higher compared to some other brokerage firms, which could be a disadvantage for traders with limited capital. Another disadvantage is that there is no 24/7 customer support, and the website lacks comprehensive educational materials and research, which may not be ideal for traders seeking in-depth learning resources.
|European license and oversee||High minimum deposit|
|Professional trading platforms||No 24/7 customer support|
|Low costs||Limited education and research|
|Good trading tools|
|Stands on reliable proposal of Interactive Brokers|
|Available for European traders|
CapTrader Review Summary in 10 Points
|Platforms||Trader Workstation TWS, TradingView, AgenaTrader, Mobile App|
|Instruments||Forex, CFDs, metals, stocks, shares, options, futures, ETFs, bonds, cryptocurrencies|
|EUR/USD Spread||0.1 pips|
|Base currencies||EUR, GBP, USD|
Overall CapTrader Ranking
Based on our analysis, CapTrader offers favorable trading conditions, including competitive spreads and fees for a wide range of trading products. Traders can benefit from access to advanced trading platforms that provide robust tools and features to enhance trading experience.
- CapTrader Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
|Advantages||Trading Fees||Trading Conditions||Trading Instruments|
CapTrader Alternative Brokers
After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted research and compiled a list of potential broker alternatives to CapTrader.
- EXT – Competitive Trading Conditions
- AximTrade – Low Pricing
- CMC Markets – Wide Range of Trading Instruments
We found that CapTrader has been honored and has received awards over time. We have included a screenshot of some of these awards below.
Is CapTrader Safe or Scam?
No, CapTrader is not a scam. It is a regulated brokerage firm authorized and supervised by Top-tier European BaFin.
While regulatory oversight offers a certain level of confidence, you should still stay alert and thoroughly research the broker to ensure it aligns with your specific trading requirements. However, the Cap broker can be considered safe since it operates under a European entity regulated by reputable Germany BaFIN, which adds a good layer of regulatory protection.
Is CapTrader Legit?
Yes, CapTrader is a legit and regulated broker holding the necessary license in the region it is registered, which is a European entity and is considered safe.
Being regulated means that the brokerage firm operates within the framework of established financial regulations and is subject to oversight to ensure compliance with industry standards. However, conduct your research, read user reviews, and consider other factors to assess the legitimacy and reputation of any brokerage firm before engaging in trading activities.
See our conclusion on CapTrader Reliability:
- Our Ranked CapTrader Trust Score is 8.9 out of 10 for the good reputation and services provided. However, assess your individual needs, preferences, and risk tolerance to determine if the broker is the right fit for you.
|CapTrader Strong Points||CapTrader Weak Points|
|Account balance protection|
Protection of Trading Activity
CapTrader adheres to certain industry standards and compliance requirements since is strictly overseen by German regulators, which include client fund protection and segregation from company funds. Moreover, the broker offers additional protections, such as negative balance protection, which ensures that clients do not incur losses exceeding their account balance.
However, we recommend carefully reviewing the broker’s documentation, legal agreements, and policies to fully understand the specific trading protections offered by CapTrader before engaging in trading activities.
Leverage can be beneficial for traders as it enables them to enter the market with a smaller initial investment. However, they should possess a comprehensive understanding and the associated risks before participating in leveraged trading.
CapTrader leverage is offered according to the BaFin regulation:
- European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
Per our findings, traders are provided with a range of choices, including Single, Joint, Family, and Company account types, when engaging in trading activities through CapTrader. Additionally, the availability extends to risk-free Demo and Paper Trading accounts as well.
|Fast and easy account opening||High minimum deposit|
|Demo and Paper trading accounts|
|Variety of trading strategies|
Opening CapTrader Trading Account
Opening an account with a broker is considered quite an easy process, as you can log in and register with CapTrader within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Open an Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by upload of documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
CapTrader provides access to over 1.2 million trading instruments in diverse asset classes like stocks, shares, Forex, CFDs, metals, options, futures, ETFs, bonds, and more. This extensive selection allows traders to diversify their portfolios and engage in various markets according to their individual preferences and trading strategies.
- CapTrader Markets Range Score is 8.9 out of 10 for wide trading instrument selection among Forex, CFDs, Cryptos, and more.
According to our research, CapTrader provides competitive pricing for a majority of its trading services. The broker does not charge fees for deposits, however, there might potentially be some withdrawal and inactivity fees. So, you should carefully examine the broker’s fee structure to fully understand the applicable charges and their potential impact on trading activities.
- CapTrader Fees are ranked average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.
|Fees||CapTrader Fees||AximTrade Fees||EXT Fees|
Based on our test trade, the broker provides competitive and tight spreads, with an average spread of 0.1 pips for the EUR/USD currency pair in the Forex market. However, spreads might vary depending on market conditions, volatility, and liquidity. Therefore, we recommend checking the broker’s website or contacting their customer support for detailed information.
- CapTrader Spreads are ranked average with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average and spreads for other instruments are competitive too.
|Asset/ Pair||CapTrader Spread||AximTrade Spread||EXT Spread|
|EUR USD Spread||0.1 pips||1.1 pips||0.3 pips|
|Crude Oil WTI Spread||3||15||3|
Deposits and Withdrawals
We found, that currently, the broker offers its clients only the option of using Bank transfers as a method to deposit funds into their trading accounts.
- CapTrader Funding Methods we ranked good with an overall rating of 6.9 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for CapTrader funding methods found:
|Fast digital deposits||Limited funding methods|
|Multiple account base currencies|
|No withdrawal and deposit fees|
CapTrader Minimum Deposit
To open a live trading account with the broker, traders need to deposit $2,000 as an initial deposit amount, which is relatively high compared to other brokerage firms.
CapTrader minimum deposit vs other brokers
|CapTrader||Most Other Brokers|
As we found, withdrawals are only possible from accounts that share the same name as yours. The available withdrawal methods correspond to the chosen currency.
Withdraw Money from CapTrader Step by Step:
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with the requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
CapTrader provides traders with access to the professional Trader Workstation TWS, TradingView, and AgenaTrader trading platforms. These platforms are highly regarded in the industry for their robust features, user-friendly interfaces, advanced charting tools, and extensive trading capabilities.
Additionally, the broker’s Client Portal offers traders access to all resources they need to fully manage their CapTrader account with one single login.
- CapTrader Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers advanced trading platforms including the popular TradingView platform suitable for different trading strategies.
|Platforms||CapTrader Platforms||AximTrade Platforms||EXT Platforms|
CapTrader provides traders access to the industry-leader TradingView, a comprehensive and user-friendly trading solution. With the trading platform, traders can analyze markets, monitor trends, and execute trades with ease. TradingView provides a range of customizable charts, technical indicators, and tools, empowering traders to make informed decisions. Whether for beginners or experienced traders, the platform promotes a seamless trading experience by combining powerful features with intuitive navigation.
The broker offers 24/5 customer support through various channels, including phone, email, live chat, and social media channels. Moreover, the support team at CapTrader is proficient in addressing various needs, including technical inquiries, providing analysis recommendations, answering general questions, and assisting with operational matters, which overall provides a good quality level of support.
- Customer Support in CapTrader is ranked good with an overall rating of 7.9 out of 10 based on our testing. The support team is responsive during working days, ensuring efficient assistance.
See our find and ranking on Customer Service Quality:
|Email, phone, live chat, social media channels||No 24/7 customer support|
In the end, the broker’s website does not offer extensive educational and research materials, or seminars, only providing informative trading ideas. This lack of comprehensive educational resources can be seen as a disadvantage since such resources are essential for traders to enhance their skills and knowledge.
- CapTrader Education ranked with an overall rating of 4.9 out of 10 based on our research. We recommend considering alternative brokers that provide a broader selection of educational resources since CapTrader lacks comprehensive learning materials, which may not be ideal for beginner traders.
CapTrader Review Conclusion
In conclusion, CapTrader is a regulated Forex trading broker that offers competitive trading conditions, access to a wide range of financial instruments, and advanced trading platforms. The broker provides favorable pricing and commissions, along with tight spreads for various trading activities, and also is suitable for various traders since is based on IB Trading Proposal known for its quality trading conditions.
Overall, the broker offers a competitive trading environment that caters to traders of various skill levels. However, CapTrader has limited educational resources and research materials, which may not be ideal for beginner traders. Moreover, the absence of 24/7 customer support is another drawback to consider.
Based on Our findings and Financial Expert Opinions CapTrader is Good for:
- European traders and Forex Traders from Germany
- Advanced and Professional Traders
- Traders who prefer the TradingView platform
- CFD and Currency trading
- Traders looking for a wide selection of Instruments
- Beginning Trading
- STP execution
- Competitive spreads
- Low fees
- Good trading tools and Conditions