Leverage: 1:30
Regulation: BaFin
Min. Deposit: $2,000
HQ: Germany
Platforms: Trader Workstation TWS, TradingView, AgenaTrader, Mobile App
Found in: 1997
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 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.
| Advantages | Disadvantages |
|---|---|
| European license and oversee | High minimum deposit |
| Professional trading platforms | No 24/7 customer support |
| Low costs | Limited education and research |
| Good trading tools | |
| Trading instruments | |
| Stands on reliable proposal of Interactive Brokers | |
| Available for European traders |
| 🏢 Headquarters | Germany |
| 🗺️ Regulation | BaFin |
| 🖥 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 |
| 🎮 Demo Account | Available |
| 💳 Minimum deposit | $2,000 |
| 💰 Base currencies | EUR, GBP, USD |
| 📚 Education | Limited |
| ☎ Customer Support | 24/5 |
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.
| Ranking | CapTrader | AximTrade | EXT |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Trading Fees | Trading Conditions | Trading Instruments |
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.
We found that CapTrader has been honored and has received awards over time. We have included a screenshot of some of these awards below.
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.
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:
| CapTrader Strong Points | CapTrader Weak Points |
|---|---|
| Funds protection | |
| Top-tier license | |
| Professional trading | |
| Account balance protection |
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:
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.
| Pros | Cons |
|---|---|
| Fast and easy account opening | High minimum deposit |
| Demo and Paper trading accounts | |
| Variety of trading strategies |
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:
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.
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.
| Fees | CapTrader Fees | AximTrade Fees | EXT Fees |
|---|---|---|---|
| Deposit fee | No | No | No |
| Withdrawal fee | Yes | No | Yes |
| Inactivity fee | Yes | No | Yes |
| Fee ranking | Low/Average | Low/Average | Average |
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.
| 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 |
| Gold Spread | 1 | 4 | 1 |
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.
Here are some good and negative points for CapTrader funding methods found:
| Advantage | Disadvantage |
|---|---|
| Fast digital deposits | Limited funding methods |
| Multiple account base currencies | |
| No withdrawal and deposit fees |
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 | |
| Minimum Deposit | $2,000 | $500 |
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.
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
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.
| Platforms | CapTrader Platforms | AximTrade Platforms | EXT Platforms |
|---|---|---|---|
| MT4 | No | Yes | No |
| MT5 | No | No | No |
| cTrader | No | No | No |
| Own Platforms | Yes | No | Yes |
| Mobile Apps | Yes | Yes | Yes |
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.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Email, phone, live chat, social media channels | No 24/7 customer support |
| Quick responses | |
| Relevant answers |
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.
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:
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