CapTrader
Details About a Leading Global Brokerage Firm
CapTrader is a highly reputable Forex broker headquartered in Düsseldorf, Germany, and has been in operation since 1997. As an introducing broker of Interactive Brokers, CapTrader has established a strong presence on various social media platforms including Facebook, Twitter, Instagram, and YouTube.
CapTrader’s Diverse Trading Instruments
CapTrader provides access to trading on 125 major global exchanges, offering futures and options on markets across 19 countries. Clients can also engage in trading warrants, options, and securities, with a selection of over 1.2 million shares available. The broker boasts more than 40 different types of orders that are seamlessly routed to the exchanges.
Trading Conditions and Account Types Offered by CapTrader
For novice traders, CapTrader offers a demo account trial period, allowing 30 days to explore the platform and trading conditions without requiring a deposit. Subsequently, clients can open a real account by selecting from three available options:
-
Cash account — for individuals aged 18 and above, with a minimum deposit of €2,000, enabling trading exclusively with options and stocks without margin trading.
-
Reg T Margin (Standard) — for those aged 21 and above, with a deposit starting at €2,000, providing access to all assets, short positions, and margin trading.
-
Portfolio Margin — for individuals aged 21 and above, requiring a minimum deposit of €100,000, granting access to all assets, short positions, and margin trading.
All accounts offer leverage up to 1:400, with a spread of 0.5 points. The commission fee varies based on the asset type, and there are no monthly maintenance charges for the accounts.
Deposits and Withdrawals Process at CapTrader
Clients can deposit funds in euros, dollars, pounds, Swiss francs, and Russian rubles, with deposits accepted exclusively via bank transfers. Russian citizens have the additional option to deposit funds through Citibank. Withdrawals are processed using the same method, with no specified minimum withdrawal amount. While withdrawal fees are not specified, one withdrawal per month is free of charge, and withdrawal requests can be submitted through the CapTrader personal account.
Trading Platforms Available at CapTrader
-
Trader Workstation — a comprehensive platform developed by Interactive Brokers, offering extensive capabilities beyond traditional MetaTrader platforms.
-
WebTrader — a web-based trading terminal with limited functionality compared to Trader Workstation, providing 11 orders and one trading module.
-
AgenaTrader — a terminal supported by CapTrader’s partners, featuring C# script support.
-
IBKR Mobile — a mobile trading platform compatible with Android and iOS devices, facilitating position opening and tracking, though not ideal for in-depth market analysis.
Final Thoughts
This overview provides a glimpse into the offerings of CapTrader. For a more comprehensive understanding, we recommend reviewing the legal documentation available on the official website, particularly the client agreement. When selecting a broker, exercise caution and make informed decisions, especially considering the substantial investment potential, given the minimum deposit requirement of €2,000 at CapTrader.
This review has been prepared by the specialists at ExpertsReview.