company reviews
CAPTRADER

About company:

 

Captrader is the representative of Interactive Brokers in Germany. Traders have access to the exchanges of many countries, since all transactions are carried out through Interactive Brokers.

 

Safety

Customer deposits are held in segregated accounts with Barclays Bank, which are regularly reviewed by auditors.

 

CapTrader is licensed by Bafin to trade.

 

In addition, it participates in the FSCS program. Thus, customer deposits are insured up to £ 30,000 plus 90% of the next £ 20,000.

 

Trading conditions

CapTrader offers over 1.2 million varieties of securities and provides access to over 100 international exchanges around the world. Not all dealing centers provide such conditions. Available assets: currency, CFDs, shares.

 

Spreads and commission

Commission fees are of particular concern to customers. All information is presented in detail on the website, on average, the amount of fees starts from 4 euros. Spreads for the popular EUR / USD currency pair start at 0.2 pips. We advise traders to read the fees carefully before starting a trade.

 

Leverage

Traders can take advantage of 1:40 leverage. This is not enough to make a big profit with a small investment.

 

Trading terminal

Traders are provided with the Trader Workstation terminal. It is a fully featured platform that supports multi-asset trading using multiple order types and offers many trading options. Supported on mobile devices as well.

 

Traders can also use the AgenaTrader software, which, without programming skills, can copy signals and strategies in a few clicks. In addition, you can work with 2,000 charts and scan thousands of instruments in real time. You can conduct semi-automated or fully automated trading.

 

The popular MetaTrader terminal (4.5) is not supported.

 

Ways of payment

In CapTrader, it is possible to deposit funds only by bank transfer, this is due to the rather high initial deposit - 2,000 €. At the same time, many brokers offer payment by credit card and electronic wallets.

 

One withdrawal within 30 days is free. Additional fees apply for the following days.

 

Support service

CapTrader provides a 24-hour service by phone, mail or live chat.

 

Special promotions

For each client attracted to the company, who opened his account within 30 days and made at least five transactions, the broker offers bonus accruals from 150 to 250 euros. This is a great opportunity for additional income.

 

Pros:

 

regulated broker; demo account; direct access to over 100 exchanges.

 

Minuses:

 

high deposit; does not support MetaTrader4 / 5 platforms.

 

 

CAPTRADER is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.

 

In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.

 

As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.

 

What is the benefit of a broker / crypto exchange?  

 

CAPTRADER profits from traders' trades, usually in two main ways

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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.

 

The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.

 

Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.

 

The ways to deceive customers 

 

How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.

 

The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.

 

Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.

 

The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where do brokerage companies and crypto exchanges register?

 

One of the key points – it is the place of registration and regulation of the company's activities.

 

First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.

 

On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

 

If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.

 

No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

 

And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization,   specifies disputes between its members – brokers and their clients.

 

If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to look out for?

 

When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.

 

It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.

 

Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.

 

Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.

 

Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world

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