A Comprehensive Overview For 2022
Description: A Comprehensive Overview For 2022
Platform Price: 0.0
Platform Category: Trading Platform
Author: Jeffrey Taylor
The good thing about Capital.com is that it has more pros than cons as highlighted below:
- Premium quality education guides and research articles.
- Excellent 24/7 customer support in many languages.
- A diverse range of trading instruments in thousands of markets in one place.
- Compliance with MiFID regulations for CFD trading.
- Regulated and licensed by reputable FCA, CySEC, and ASIC.
- Easy to set up a demo account
- Easy to set up a demo account
- MetaTrader 5 is not available on capital.com
- No referral programs are in place for clients.
When it comes to financial markets trading, the idiom that “Opportunity knocks but once” was made into a thing of the past with the evolution of CFD trading, which opens vast attractive opportunities for traders. While some people see CFD trading as a jest and high-risk speculative product, brokers like capital.com have been heavily promoting CFDs as alternatives to trading in physical stocks and other derivatives the likes of futures or options.
In case you might be wondering what CFDs are all about- CFD is a derivative known as Contract for Difference. It is a contract having a buyer and a seller outlining that the seller receives payment from the buyer for the difference between the current value of an underlying asset and its value at contract time. This now popular way of trading allows trading without having ownership of the underlying assets.
The Covid pandemic, though disastrous to most financial markets, has been a timely stroke of luck for CFD online trading worldwide. Due to most people looking for ways to supplement their incomes during the pandemic, some investors emerged. CFD investment was also facilitated by the boom of cryptocurrencies, which also boosted shares, forex, indices, and commodities trading. Most retail investors emerged from people wanting to learn but would then participate in trading financial markets.
CFD contract allows traders to profit from price movements on underlying assets necessitated through a contract between the client and a broker like an award-winning broker Capital.com, without utilizing the underlying asset. Originating from the United Kingdom and dominant in Irish countries, CFDs have been exported into many countries through the new phenomenon of innovative tech brokerage firms such as Capital.com. Weak industry regulation still prevails for CFD trading in some countries.
In light of the high levels of sophistication on the Capital.com CFD trading platform, this review aims to help you evaluate the virtues of the so-called award-winning platform.
A Comprehensive Overview For 2022
Capital.com in 2022 seems to have been in seventh heaven as it has had a good thing going after scooping the ADVFN International Financial Awards as the Best Spread Betting Platform. By using Capital.com as a broker, one can trade on over 6,000 indices, commodities, cryptocurrencies, currency pairs, and most traded shares in the world.
In the first quarter of 2022, trading volumes went up by 36% from the last quarter of 2021 to $270 billion. Over a million new users created accounts on its website in the first quarter of 2022, a 27% growth in the trading platform’s user base with over 5 million registered users.
Over the same period, 345,000 traders executed trades. Of the 345,000 traders, about 27% of them are active every month. Steady growths have been seen on Capital.com in the first quarter of 2022 making it a muscular quarter for the award-winning brokerage firm.
Commodities topped the most traded, followed by cryptocurrencies, then indices, forex, and lastly shares being the least traded on the platform. In terms of volume, Crude Oil, the NASDAQ index, Gold, BTC/USD, and the DAX topped as the five most traded assets.
Consequent to the invasion of Ukraine by Russia, the gold and oil market boomed as shown by the 70% increase in terms of the activity on the markets. Stocks market investors capitalized on the uncertainty in the market and managed to recoup some of the losses made in the first quarter of 2022, making the 2022 first quarter an unforgettable one.
All the success realized in 2022 as of yet can be attributed to the award-winning technology, the superb trading education support provided by the brokerage firm as well as its competitive pricing.
On a scale of 5, Capital.com prides itself on an overall score of 4.7 and a high trust score of 77 out of 99. Commissions and fees, customer service, deposits and withdrawal, and its trading platform have a high score of about 4.5, while education and research have a high score of around 4.0.
What Is Capital.com?
Capital.com is a popular global CFDs brokerage firm launched in the United Kingdom in 2016 with allegiance to building a superb trading experience. It is regulated and licensed by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial services Authority Seychelles(FSA), and Australian Securities Investments Commission (ASIC), and National Bank of the Republic of Belarus (NBRB). Capital.com offices are located in the United Kingdom, Cyprus, Australia, Poland, Bulgaria, Lithuania, Ukraine, and Seychelles for its operations worldwide.
Voted Most Innovative Tech 2021 by Trading view, Capital.com prides itself on a spectacular, transparent, and unique artificial intelligence-powered trading platform. Not only does this broker provide a seamless trading experience it prides itself in highly rated customer service on its 0% commission trading platform, which also offers lower overnight fees and tight spreads.
Is Capital.com Safe?
Yes, Capital.com is a safe and regulated broker licensed and governed by the most reputable and high trust jurisdiction bodies FCA and ASIC. CySEC an average trust tier 2 jurisdiction regulator also regulates Capital.com making it safe. However, CFD trading is inherently high risk, and hence, precautions need to be taken while trading on margin.
With its provision of negative balance protection, this is an insurance that protects you when your trade moves into the negative territory for the UK and most EU clients facilitated by FCA and CySEC regulation. Every deposit made on Capital.com is protected by the Investor Compensation Fund or by the Financial Services Compensation Scheme in the United Kingdom.
Capital.com hired the best knowledgeable and experienced managers to protest the hard-earned investments made on their trading platform and segregated the money from investments held on behalf of clients from its operating accounts. Fortunately, Capital.com is fully compliant with PCI Data Security Standards implying that funds are routed through the most secure data environment, encrypted, and backed up securely daily.
With an overall trust score of 77 out of 99, Capital.com is considered average risk which implies that it is safe considering that they are regulated in your country of residence.
Who Are Capital.com’s Target Traders?
Capital.com acknowledges and targets both traders who trade CFDs for speculative reasons to profit on price fluctuations on underlying assets referred to as short-term investors and also traders who trade in CFDs with hopes of hedging their exposure to underlying assets’ currency movements. These can either be retail or wholesale consumers.
When it comes to retail consumers, Capital.com target traders should be over 18 years, knowledgeable and experienced with CFDs, able to bear losses that can be equal to the deposits and profits held in their account and have a high investment risk tolerance.
Capital.com has a relatively easy-to-use and properly designed web trading platform. Its web trading platform is safer as it has a two-step login. It is also multi-lingual and available in English, Spanish, Malaysian, Arabic, Dutch, French, Indonesian, German, Chinese, Vietnamese, Swedish, Russian, Thai, Italian, Norwegian, and Polish languages. When using Capital.com, crucial functions such as search and portfolio reports can be easily found on the platform.
Creating a New Account
Creating a Capital.com account is all done online and is user-friendly. Account opening time is on average one day and free of any charges. Almost anyone can open an account at Capital.com except a few who reside in countries characterized by unstable economic and political conditions.
To open an account, visit the Capital.com website and sign up using Google, Facebook, or Apple and follow the registration process. To be able to open an account, one would need to upload proof of identity in the form of a national ID, driver’s license, or passport and proof of residency by availing a bank statement or a utility bill.
Before personal information submission, one would need to make a choice on the type of brokerage account more suitable for their trading requirements ranging from the standard account, plus account, and the premier account.
Fund Your Account
Once registration and account opening completes, one would need or transfer the minimum deposit of $20 to the brokerage account to commence trading using your debit or credit card or Apple Pay or PayPal as well as a wired transfer, which has a minimum deposit of $250. Other payment methods include Skrill, Neteller, UnionPay, WorldPay, RBS, Trustly, GiroPay, iDeal, Multibanco, Sofort, Qiwi, WebMoney, Asian online banking, and Przelewy24.
Buy Your Desired Assets
Firstly, there would be a need to browse Capital.com for the desired assets from the thousands of markets to choose from, found under products on the trading platform. To trade CFDs on Capital.com, you would need to fund your account and search for your desired asset, and then click on trade and finalize the details of the transaction by selecting to buy and the amount you wish to invest as well as your investment limits.
Capital.com Main Features
Capital.com is a relatively simple, award-winning platform characterized by the following important features:
Market indicators are quantitative technical indicators that employ formulas and ratios to highlight the likely movement of a stock. These tell you when to buy or sell an asset and they can be used for making forecasts on industry trends as well as making knowledgeable decisions.
An economic calendar is a necessity for every trader as it outlines real-time macro-economic events, company announcements, and economic news that can trigger movements in global markets. Capital.com’s economic calendar enables traders to strike their target trades and exploit movements realized from economic events on its real-time economic calendar.
Investor sentiments are the views and moods among investors regarding a certain market or underlying asset. An optimistic market mood is the one when prices are rising while price decreases signal a pessimistic market emotion. Sentiment trading is an analysis method used by some traders to exploit a particular stock or market by studying its signals.
Forex CFD fees are free for some clients and low. Stock index CFD fees however are high on Capital.com. Forex fees are considered low, and no inactivity fees are charged by Capital.com. Overall, Capital.com charges are in line with industry averages.
The Capital.com mobile app is a user-friendly iOS and Android compatible mobile trading app that brings the same convenience, friendly interface, and good design as the web platform. Capital, com app makes use of user-friendly charts that allow for multiple indicators and has useful functions like changing the time frame and drawing trend lines for underlying assets.
Below are the questions often asked about Capital.com. Stay hooked to ensure you have all the details about this brokerage firm.
Is Capital.com a Legit Broker?
Capital.com is highly regulated, audited, and authorized to trade by the reputable FCA and CySEC making it a legit broker. Capital Com (UK) Limited is an England and Wales registered company with a registration number of 10506220. This company is authorized and regulated by the FCA, under register number 793714.
In Cyprus, Capital Com SV Investments Limited is a registered company with Company registration number HE 354252 having been authorized and regulated under license number 319/17 by CySEC.
In its Australian operations, an Australia registered and regulated company, Capital Com Australia Limited registration number ABN 47 625 601 489, was established and regulated by the top tier ASIC under AFSL 513393.
Furthermore, the company Capital Com Bel is licensed by the National Bank of the Republic of Belarus with company registration number 193225654.
In addition to the above, Capital.com complies with the provisions of the Markets in Financial Instruments Directive (MiFID) making it a legit brokerage firm.
How Much Can I Deposit into an Account?
The minimum deposit one can deposit into a Capital.com account is $20 when using a debit or credit card or Apple Pay or PayPal, while $250 when depositing through a bank transfer. Depositing with this broker is free of any deposit fees and very user-friendly.
Which Currencies Does Capital.com Accept?
Capital.com accepts five base currencies USD, GBP, EUR, AUD, and PLN being the only smaller currency. As each trading account has a base currency in which the broker holds the money, should a trader have an account with a different base currency, a currency conversion fee will have to be charged for that deposit?
Can I Withdraw My Money?
Yes, you can withdraw your money using the same avenues as depositing money through bank transfer, debit or credit card, and electronic wallets such as PayPal or Apple Pay. Capital.com does not charge any withdrawal fees.
To withdraw your money, you simply have to log into your Capital.com account, click on ‘Live’ on the top right corner of the screen, and from the drop-down menu select ‘Withdraw Funds’ and select the preferred withdrawal method as well as the amount you wish to withdraw.
Our Final Verdict:
The award-winning Capital.com has proven to be the best trading platform and a fair broker as it makes the finance world more accessible through its powerful trading platform and award-winning best spread betting platform which offers a decent range of markets. Capital.com has also delivered valuable, clear, and high-quality research and educational material.
However, there is more need for Capital.com to increase its licenses in more top-tier jurisdictions to boost its trust score and for competitive reasons, as eventually, it has to compete with other CFD brokers. Overall, Capital.com is performing well in terms of meeting its overall purpose and 2022 seems more promising for the high-growth brokerage firm. Regardless of its drawbacks and the need for improvement, Capital.com deserves a fair chance as a broker and it would be worthy of traders trying it out.