🏦 Min. Deposit | AUD 20 |
🛡️ Regulated By | FCA, CySEC, ASIC, FSA-Seychelles |
💵 Trading Cost | USD 6 |
⚖️ Max. Leverage | 30:1 |
💹 Copy Trading | No |
🖥️ Platforms | MT4, Capital.com |
💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices |
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.
Only available in Australia since September 2021, Capital.com’s low costs, huge range of instruments, and user-friendly trading platform have quickly made it one of the most popular Forex brokers around. Following our testing for this review, we’re happy to say that we like them too. Capital.com has obviously thought carefully about what traders want from their brokers and has successfully created a welcoming environment for beginners and professionals.
Capital.com offers one live commission-free account, with trading fees significantly lower than other brokers. Spreads average 0.6 pips on the EUR/USD, and no fees are charged for deposits, withdrawals, or inactive accounts. Capital.com also offers one of the widest ranges of instruments available, including over 138 Forex pairs and over 460 cryptocurrencies. All instruments are available on MT4 and Capital.com’s award-winning in-house platform and app. Customer support is available 24/7, and beginners will find that Capital.com’s education and market analysis are some of the best in the industry.
🏦 Min. Deposit | AUD 20 |
🛡️ Regulated By | FCA, CySEC, ASIC, FSA-Seychelles |
💵 Trading Cost | USD 6 |
⚖️ Max. Leverage | 30:1 |
💹 Copy Trading | No |
🖥️ Platforms | MT4, Capital.com |
💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices |
Yes, Capital.com is a safe broker for Australian traders to trade with. It maintains regulation from the world’s top regulators, including the UK’s FCA, ASIC of Australia, CySEC in Cyprus, and the NBRB of Belarus.
ASIC Regulation: Australians will be trading under the subsidiary, Capital Com Australia limited, authorised and regulated by the Australian Securities and Investments Commission (ASIC).
Safety Features: One of the world’s top regulators, ASIC ensures that all Capital.com client funds are held in segregated accounts and that Capital.com offers its traders negative balance protection, ensuring that clients cannot lose more than is in their trading account. Under this regulation, leverage is capped at 1:30 on major currency pairs, and it prohibits Capital.com from offering bonuses and promotions.
Company Details:
Capital.com’s range of financial instruments to trade is wider than most other brokers, with large numbers of share CFDs, Forex pairs, and cryptocurrencies rarely seen at other brokers.
Cryptocurrencies: Crypto traders will find Capital.com a good choice. It has over 450 pairs to trade (where most other brokers only have around 30), one of the widest ranges in the industry.
Forex pairs: Capital.com also stands out for the number of Forex pairs on offer. With 138 pairs on offer, the number of pairs available is double that of most other brokers.
Full List of Instruments and Leverage:
Overall, Capital.com offers a wide range of financial instruments, including a huge range of shares, Forex pairs, and cryptocurrencies that are not usually available at other brokers.
Although there is no account choice at Capital.com, its trading fees are lower than other similar brokers.
Trading Fees: Capital.com’s account has a minimum deposit requirement of only 20 USD, making it accessible to most traders. The CFD trading account is commission-free, with spreads that start at 0.6 pips on the EUR/USD, making it one of the lowest cost accounts in the industry. Most other good brokers have an average trading cost of 9 USD per lot of EUR/USD.
Non-trading Fees: Capital.com’s non-trading fees are also lower than other brokers. It does not charge deposit, withdrawal fees or inactivity fees. Additionally, unlike other brokers, Capital.com only charges swap fees for the amount borrowed and not on the total position size.
Account Trading Costs:
We opened and tested Capital.com’s account and found that, as advertised, spreads are 0.6 pips on the EUR/USD:
Leverage is capped at 30:1 as stipulated by ASIC regulations and as high as 500:1 for professional traders. Note that the professional account is without negative balance protection if leverage above 50:1 is deployed.
Professional Account
Capital.com categorizes clients as either retail or professional. Even if you are initially categorized as a retail client, you can qualify to be a professional client later, which allows you, for example, to trade at higher leverage (up to 1:500 on currencies). To qualify, you have to meet the following criteria:
Overall, Capital.com provides one of the most competitive pricing environments in the industry.
Capital.com offers a wide range of deposit and withdrawal methods, and no extra fees are charged.
A well-regulated broker, Capital.com ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source.
Accepted Currencies: When we opened our account, we were given the choice of five base currencies – EUR, USD, GBP, RUB, and PLN, which is average compared to other brokers, but disappointing for Australian traders who will likely have bank accounts denominated in AUD and who will have to pay conversion fees on both deposits and withdrawals. Conversion fees can make trading expensive and are usually not presented on the fee report but affect profitability.
Payment Methods: Capital.com offers commission-free deposit and withdrawal options that can be performed on the broker’s trading platform. The deposit and withdrawal methods offered include Debit cards, Credit cards, Bank Wire transfers, and POLi.
The minimum deposit is 20 EUR, 20 USD, 20 GBP, 1500 RUB, or 100 PLN for all payment methods, except a wire transfer, which has a minimum of 250 EUR (or the equivalent in the currency of your trading account).
Withdrawal requests are processed within 24 hours but can take between five to seven business days for funds to reach client accounts. Wire transfers may take longer.
See below for details:
Overall, Capital.com offers a wide range of funding methods, and exceptionally, no fees are charged for deposits or withdrawals. Additionally, its processing times are generally fast.
Capital.com only offers support for its own in-house mobile platform, but the platform is easy to use and customisable.
Capital.com does not offer support for the mobile version of MT4, but traders can download its in-house platform available on both Android and iOS mobile devices and tablets.
We found that the app has a sleek design and intuitive interface. We could easily transfer, withdraw and deposit funds, search for instruments and create watchlists. We were also impressed that we could choose the layout of our watchlists. Additionally, the mobile app has an integrated newsfeed, and we were able to access all Capital.com’s technical indicators, chart types, graphical orders, and the full set of trading orders:
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Capital.com has designed its own trading platform, available on a web browser. The platform is easy to use, intuitive and simple to set up, which is great for beginner traders. We were also pleased to find that it has also recently added MT4 to its trading arsenal.
Capital.com Web Platform
The bespoke platform offers an in-depth financial analysis with over 75 technical indicators, multiple trading chart types, and extensive drawing tools. We were also able to effortlessly toggle in and out of up to six tabs while keeping an eye on all charts and instruments in the trading arsenal. Another benefit of the platform is that it provides traders with smart risk management tools allowing traders to control their risk with various stop loss and take profit tools.
One drawback of the platform is that it lacks support for automated trading solutions and third-party strategies, but Capital.com offers MT4 for these purposes.
Metatrader 4
Capital.com recently added MT4 to its offering. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. MT4 also supports the creation, modification, and utilisation of automated trading strategies. Additionally, there are thousands of plugins and tools available for MT4.
Overall, Capital.com’s platform support is average compared to other similar brokerages, and it offers its own proprietary trading platform, which is easier to use and set up than MT4.
The account opening experience at Capital.com is excellent: it is intuitive, quick, and easy, and accounts are generally approved within one business day.
It took us about 3 minutes to open an account at Capital.com. We could immediately deposit funds into our accounts, and customer service approved our account within 24 hours.
Traders can open a corporate account (in which case, clients need to contact customer support), or an individual account, which will be the focus of this review:
After submitting our documentation, we could fund our accounts and start trading immediately. Our accounts were approved within 24 hours.
We suggest you read Capital.com’s risk disclosure, customer agreement, and terms of business before you start trading.
Capital.com’s trading tools are severely limited compared to other similar brokers.
Capital.com offers support for Trading View in addition to a few risk management tools on its web platform.
Trading View
Capital.com recently added Trading View to its arsenal of trading tools. Trading View is free of charge for traders who open a live account. It is an excellent tool for researching, charting, and screening any instrument. Additional features of Capital.com’s Trading View tool include:
Overall, we were disappointed that Capital.com offers fewer trading tools than most other brokers.
Trading Tools Comparison:
Capital.com provides an extensive, well-organized selection of educational and market analysis materials, far exceeding that of other brokers. Notable is Capital.com TV, which stages numerous high-quality videos that covers a range of trading-related content. It also provides trading ideas related to current events.
The market analysis available at Capital.com surpasses that of most other brokers. The material is well-structured, comprehensive, and in-depth, providing traders with good trading ideas.
The Financial News and Features section is filled with well-presented, up-to-date analytics and fundamental analyses. The overall quality of the content, the comprehensive analysis, and the research’s educational value far exceed its competitors. This research material correlates with videos presented on the Capital.com TV platform. An Economic Calendar is also available.
Capital.com’s educational materials are excellent compared to other similar brokers.
Capital.com’s educational materials comprise the following:
Demo Accounts: Capital.com offers a free unlimited demo account where clients can test out trading strategies with virtual funds. The customer support team is available 24/7 to help with any account setup or technical difficulties.
Educational Materials: Capital.com’s excellent written educational materials help traders develop skills to improve trading performance. Seven guides have been compiled and cover topics ranging from basic trading strategies to financial markets and instruments. Capital.com also provides five video courses, introducing the most fundamental trading elements and allowing traders to explore various trading approaches.
Capital.com also regularly hosts free webinars available to subscribers of the broker’s official YouTube channel.
Customer Support
Available 24/7, Capital.com’s customer support is excellent compared to other brokers.
Capital.com offers customer support 24/7 via phone, Facebook messenger, Viber, WhatsApp, Telegram, online Live Chat, and email in English, Russian, German, Spanish, Arabic, French, Italian and Turkish.
For the purposes of this review, we found customer support responsive, polite, and very helpful. They were able to answer most of our questions to our satisfaction.
Regulation: Founded in 2016 and headquartered in Cyprus, Capital.com is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Security and Exchange Commission (CySEC), the Australian Securities and Investments Commission, and the National Bank of the Republic of Belarus (NBRB):
Awards
Capital.com has won many awards over the last few years, further burnishing its credentials as a safe broker. Recent awards include:
Overall, because of its history of responsible behaviour, strong international regulation, and wide industry acclaim, we consider Capital.com a safe broker.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Capital.com would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
A well-regulated broker, Capital.com offers competitive, variable spreads on a wide range of assets and charges no commissions, inactivity, withdrawal, or deposit fees.
Capital.com’s extensive, well-organized selection of education and research materials makes it an excellent choice for beginner traders. Its in-house platform is user-friendly and boasts a wide range of functionality. Overall, Capital.com is an exceptional choice for traders looking for a low-cost trading environment and a large number of tradable assets on an easy-to-use trading platform.
Find out how Capital.com stacks up against other brokers.
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