Overall, Capital.com is considered low-risk, with an overall Trust Score of 9 out of 10. Capital.com allows Kenyan deposits to offer four different trading platforms. Capital.com offers one retail trading account and one Professional Account. Capital.com is currently not regulated by the Central Bank of Nigeria.
Capital.com Review – 23 key points quick overview:
👉 Overall, Capital.com is considered average risk forex and CFD broker, with an overall Trust Score of 77 out of 100. Capital.com is licensed by two Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). Capital.com offers one trading account with the option of a Retail or Professional Account option.
👉 Around 360,000 customers from all over the globe utilize Capital.com, a licensed and thoroughly monitored online broker.
👉 Traders from Asia, Africa, and Latin America can use Capital.com’s services as well as clients from the entire European Economic Area. Residents of the United States and Canada, on the other hand, are unable to use the broker’s services.
👉 This Capital.com review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with Capital.com is as follows:
➡️ United Kingdom – 9.87%
➡️ United States – 9.84%
➡️ Germany – 9.33%
➡️ Russian Federation – 3.80%
➡️ India – 3.04%
Popularity among traders who choose Capital.com
🥇 While it does not yet have the same long-standing reputation as other brokers, Capital.com falls within the top 50 international brokers for Kenyan traders.
Capital.com at Glance:
|🏛️ Headquartered||United Kingdom|
|🏛️ Nigerian Based Office||No|
|👍 Accepts Nigerian Traders?||Yes|
|📅 Year Founded||2016|
|📱 Nigerian Office Contact Number||None|
|⚖️ Regulation||ASIC, FCA, NBRB, and CySEC|
|🔎 License Number||United Kingdom – FRB 793714
Cyprus – 319/17
Belarus – 193225654
Australia – AFSL 513393
|⚖️ CBN Regulation||None|
|✴️ Regional Restrictions||The United States and Canada|
|☪️ Islamic Account||No|
|📈 Demo Account||Yes|
|📈 Retail Investor Accounts||1 Retail, 1 Professional|
|📊 PAMM Accounts||None|
|📊 Liquidity Providers||None indicated|
|✔️ Affiliate Program||Yes|
|📊 Crypto trading offered?||Yes|
|🚀 Offers a Nigerian Account?||No|
|💻 Dedicated Nigerian Account Manager?||No|
|📈 Maximum Leverage||NBRB Registration – 1:100
FCA Registration – 1:30
ASIC/CySEC Registration – 1:30
|📈 Leverage Restrictions for Nigeria?||No|
|💳 Minimum Deposit (₦)||8,000 Nigerian Naira equivalent to $20|
|💳 Nigerian Naira Deposits Allowed?||Yes|
|💰 Active Nigerian Trader Stats||1.3 million|
|💵 Active Nigerian-based Capital.com customers||150,000+|
|💰 Nigeria Daily Forex Turnover||$1.25 million+|
|💳 Deposit and Withdrawal Options||Global Bank Transfers
Several Electronic Payment Processors
|💰 Segregated Accounts with Nigerian Banks?||No|
|💻 Trading Platforms||Capital.com Web, Capital.com Mobile, MetaTrader 4, TradingView|
|💰 Tradable Assets||Indices
|🌐 Offers USD/NGN currency pair?||No|
|🌐 USD/NGN Average Spread||N/A|
|📈 Offers Nigerian Stocks and CFDs||No|
|👨💼 Languages supported on Website||English, Indonesian, Malaysian, German, Spanish, French, Italian, Dutch, Polish, Portuguese, Romanian, Russian, Vietnamese, Bulgarian, Czech, Greek, Croatian, Latvian, Chinese (simplified), Thai, Finnish, and more.|
|👥 Customer Support Languages||Multilingual|
|👥 Customer Service Hours||24/7|
|👥 Nigerian-based customer support?||No|
|💰 Bonuses and Promotions for Nigerians||None|
|✴️ Education for Nigerian beginners||Yes|
|📊 Proprietary trading software||Yes|
|💰 Most Successful Nigerian Trader||Uche Paragon ($20 million net worth)|
|✔️ Is Capital.com a safe broker for Nigerians?||Yes|
|✔️ Rating for Capital.com Nigeria||9/10|
|✔️ Trust score for Capital.com Nigeria||76%|
Regulation and Safety of Funds
👉 Capital.com is a limited liability company incorporated in England and Wales (10506220) that has offices that are based in the United Kingdom, Belarus, Gibraltar, Cyprus, Seychelles, and Australia. Capital.com is regulated and authorized to do business in each of these jurisdictions under the following names:
➡️ In Seychelles, Capital.com operates under the name Capital Com Live Stock Investing Limited, a company that is registered under 8429903-1, with regulation through the Financial Services Authority of Seychelles (FSA) under license number SD101.
➡️ In Australia, Capital Com Australia Limited with the ABN 47 625 601 489 is well-regulated and overseen by the Australian Securities and Investments Commission under AFSL 513393.
➡️ In the United Kingdom, Capital Com (UK) Limited is well regulated by the Financial Conduct Authority (FCA) under reference number 793714.
➡️ In Cyprus, Capital Com SV Investments Limited holds licenses through the Cyprus Securities and Exchange Commission (CySEC) under 319/17 and the company’s registration number is 354252.
➡️ In Belarus, Capital Com Bel is a closed joint-stock company that is well regulated by The National Bank of the Republic of Belarus (NBRB) under registration number 193225654.
👉 Capital.com has teamed with some of Europe’s leading money managers, who safeguard, keep, and manage all customer assets. This money is kept separate from the broker’s operating accounts.
👉 Clients may trade with confidence knowing that they are protected by the Investor Compensation Fund, as required by regulatory requirements. Trading should be aware that the Investor Compensation Fund does not protect professional traders.
👉 Capital.com is also a member of the Financial Services Compensation Scheme, and the broker protects retail accounts against negative balances and margin close-outs, guaranteeing traders do not lose more money than they can afford.
👉 Additionally, Capital.com adheres to all PCI Data Security regulations, providing customers with a safe data environment in which all information and data are encrypted using Transport Layer Security (TLS), duplicated in real-time, and securely backed up.
👉 Capital.com deploys fraud detection technologies both pre-and post-trade. Capital.com utilizes self-assessment tools, professional internal audits, obligatory training, training and development, and other methods to combat money laundering.
👉 Additionally, Capital.com adheres to the best standards for Know Your Customer (KYC), Source of Wealth (SOW), and Source of Funds (SOF). Additionally, modern identification technologies are being utilized to validate papers to reduce identity fraud.
Account Types and Features
👉 Capital.com offers comprehensive CFD and Forex trading through a single live trading account type. This account type can either be used as a Retail or a Professional Account by Nigerian traders.
Live Trading Accounts
👉 The Retail account is suitable for most Nigerian traders, regardless of their trading requirements, aims, or distinctive trading style. Traders may anticipate the following features on this account:
➡️ A 2,300 Kenyan shilling (about $20) minimum deposit is required when a live account is registered with Capital.com
➡️ Zero commission charges on trades because the broker fee is already included in the spread
➡️ Access to over 6,500 financial products across many asset types
➡️ Low and reasonable overnight fees when positions are held for longer than 24 hours
➡️ A choice between EUR, USD, GBP, RUB, or PLN as the base account currency
➡️ Average spreads as low as 0.6 pip on EUR/USD
➡️ Real-time price notifications
➡️ Powerful charting capabilities
➡️ Leverage is adjustable according to the trader’s area and the regulatory framework under which they establish an account. Leverage is permitted under NBRB regulation up to 1:100, under FCA regulation up to 1:30, and ASIC/CySEC regulation up to 1:30.
➡️ The option of using bespoke trading platforms or MetaTrader 4
➡️ The ability to trade long or short
➡️ Protection against negative balances
👉 Nigerian traders must examine many variables when determining whether their accounts qualify as professional accounts, including leverage limitations, negative balance protection, and presumed expertise.
👉 Professional traders have access to larger leverage levels because of their trading experience. Negative balance protection is available solely for retail trading, which means it is not available for professional accounts.
👉 Additionally, professional traders are regarded as experienced traders who can properly control their level of risk, which implies that they will not have access to the same risk management tools as retail traders.
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and Capital.com offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 Unfortunately, Capital.com does not currently offer Muslim traders with the option of converting their Live Trading Account into an Islamic Account.
👉 Traders can open an account with Capital.com by visiting the company’s official website and selecting the “Trade Now” option. Traders may register by giving their data, accepting the Privacy Statement, and submitting their application.
👉 Traders should be aware that Capital.com adheres to the best standards for Know Your Customer (KYC), Source of Wealth (SOW), and Source of Funds (SOF). This implies that traders must present evidence of identification, residence address, and other documentation before having their account validated.
👉 After Nigerian traders provide the required documents to complete the KYC, their application will be accepted, and they will be able to fund their accounts and begin trading.
Exness Vs CM Trading Vs Tickmill – Broker Comparison
|📱 Trading Platform||MetaTrader 4|
|💰 Minimum Deposit||400 NGN||1,000 NGN||41,600 NGN|
|📈 Maximum Leverage||Up to 1:3000||Up to 1:1000||Up to 1:500|
|📈 Average Spread||From 0.0 pips||From 0.4 pips||From 0.0 pips|
|💰 Commissions||From $6||$1.5||$1 per 100,000 traded|
|✴️ Margin Call/Stop-Out||40% and 20%||60% and 40%||100% and 30%|
|📊 Order Execution||STP, ECN||Instant and Market||Market|
|📊 No-Deposit Bonus||Yes||No||Yes|
|📈 Cent Accounts||Yes||No||No|
|⚖️ CBN Regulation||No||No||No|
|💳 NGN Deposits||Yes||Yes||No|
|📊 Nigerian Naira Account||No||Yes||No|
|👥 Customer Service Hours||24/7||24/5||24/5|
|📊 Trading Accounts||6||4||3|
|☪️ Islamic Account||Yes||Yes||Yes|
👉 Capital.com offers Nigerian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ Trading View
➡️ MetaTrader 4
👉 MetaTrader4 has become the industry standard, used by both beginner and expert traders for its user-friendly design and extensive trading features. Nigerian traders can download MT4 to any desktop computer that runs Linux, Windows, or macOS to start trading with Capital.com.
➡️ MetaTrader 4
👉 Capital.com offers a unique web-based trading platform that includes over 75 technical indicators, several chart styles, and advanced drawing tools for doing in-depth financial market research.
👉 The user-friendly proprietary Capital.com interface and web terminal are packed with sophisticated risk management features such as stop loss, take profit, and negative balance protection.
👉 MetaTrader 4 is a feature-rich trading platform that accomplishes a great deal. While seasoned traders will have an easier time using all the platform’s features, newbies should also have little difficulty navigating the platform’s design.
➡️ MetaTrader 4
👉 For Nigerian traders who prefer to trade from their mobile devices, Capital.com offers a CFD trading app that they can use from any location if they have access to the internet.
👉 Trades can be executed seamlessly and quickly thanks to up to 70 technical analysis indicators and other technical tools. Apps for both Android and iOS smartphones are accessible via the app store.
👉 You may also use MT4 on a mobile device with an Apple or Android operating system by downloading the MetaTrader 4 app. You should be aware that the app requires an iOS device running iOS 9.0 or above.
👉 The Apple and Android applications each have a rating of at least 4.5 stars in their respective app stores.
👉 Both the smartphone and desktop versions of the MetaTrader 4 trading platform are simple to use, allowing Nigerian traders access to their trading no matter where they are, given that they have a stable internet connection.
👉 Lastly, Capital.com also offers TradingView mobile on both iOS and Android devices. Investors and traders of all skill levels will benefit from TradingView’s technical analysis capabilities. TradingView is currently of the best options out there for day-to-day trading needs.
Range of Markets
👉 Nigerian traders can expect the following range of markets from Capital.com:
➡️ 138 Forex Pairs (Majors, Minors, Exotics)
➡️ 37 Commodities
➡️ 476 Cryptocurrencies
➡️ 23 Indices
➡️ 5,455 Shares
Broker Comparison for Range of Markets
Trading and Non-Trading Fees
👉 Capital.com’s spreads are variable, which means they may alter based on the financial instrument being traded, with overnight costs applicable to indices, commodities, and foreign currency pairings. Additionally, it may fluctuate depending on the trading day’s market circumstances.
👉 Some typical spreads that Nigerians can anticipate when they trade with Capital.com are:
➡️ EUR/USD – from 0.00006 pips
➡️ BTC/USD – 110 pips
➡️ Spot Crude Oil – 0.2 pips
➡️ ETH/USD – 7.7 pips
➡️ Spot Gold – 0.18 pips
➡️ GBP/USD – 0.13 pips
➡️ US Tech 100 – 1.1 pips
➡️ Germany 40 – from 1 pip
👉 Capital.com does not apply any commission fees to trades because the broker takes its fees from the spread charged on financial instruments.
Overnight Fees, Rollovers, or Swaps
👉 All positions that remain open for more than 24 hours are subject to overnight costs. Capital.com charges an overnight fee beginning at 10:00 p.m. (UTC).
👉 While this cost varies by instrument, market circumstances, position size, and the kind of position traders open (long or short), traders may anticipate the following overnight fees:
➡️ EUR/USD – a long swap of -0.0046% and a short swap of 0.0009%
➡️ Spot Gold CFD – a long swap of -0.0044% and a short swap of -0.0002%
➡️ Spot Silver CFD – a long swap of -0.0052% and a short swap of -0.0004%
➡️ Brent – a long swap of 0.0201% and a short swap of -0.0392%
➡️ Shares – a long swap of -0.0064% and a short swap of -0.0059%
➡️ Indices (US100) – a long swap of -0.0052% and a short swap of -0.0027%
➡️ Crypto – a long swap of -0.0500% and a short swap of 0.0140%
Deposit and Withdrawal Fees
👉 Capital.com does not impose fees for deposits or withdrawals made using any of its payment options. Nigerian merchants will be charged by their bank for any costs incurred while depositing or withdrawing monies.
How to Deposit Funds with Capital.com
👉 To deposit funds to an account with Capital.com, Nigerian traders can follow these steps:
➡️ Go onto the Captial.com app or platform and select “Account” followed by “Payments” and “Deposit Funds.”
➡️ Select a Payment Method
➡️ Enter the amount to be deposited and the currency and proceed with verification of the deposit.
Capital.com Fund Withdrawal Process
👉 To withdraw funds from an account with Capital.com, Nigerian traders can follow these steps:
➡️ Log into the app or trading platform and navigate to the “Account” section.
➡️ Select the option for “Payments” and click on “Withdraw.”
➡️ Select the same method that you used when you deposited funds, enter the amount you wish to withdraw, and confirm.
Education and Research
👉 Capital.com offers the following Educational Materials:
➡️ The Basics of Trading
➡️ Popular Market Guides
➡️ Trading Guides
👉 Capital.com offers Kenyan traders the following Research and Trading Tools:
➡️ Economic Calendar
➡️ Capital.com TV
➡️ Market News Feeds
➡️ Technical Analysis
➡️ Fundamental Analysis
➡️ Market Insights
How To Minimize Risk While Trading?
1. Use Stop Losses
👉 A stop loss is a trading technique that takes you out of losing trades at a predetermined level in order to limit your losses. Utilize stop losses to ensure a 1:1 risk-reward ratio and above in all your trades in order to limit losses and maximize profits on each trade. For example, if you’re setting your stop loss at 50 pips below your entry point, set your take profit at least 50 pips above your entry point.
👉 A 1:2 risk-reward ratio and above will ensure that you remain profitable even if the majority of your trades are losing trades. Using a 1:2 risk-reward ratio means that you should place your stop loss at 100 pips if you have a profit target of 200 pips and so on.
👉 If you are a more aggressive trader, you can use a 1:3 risk-reward ratio, where you risk 100 pips for a profit target of 300 pips.
2. Use Proper Lot Sizes
👉 Trading using proper lot sizes is crucial to your success as a trader. That’s because the lot size determines the value of each point of the currency pair you are trading. A standard lot typically refers to 100,000 units of the base currency you are trading. Therefore, trading a standard lot of the EURUSD currency pair puts the value of each point at USD 100.
👉 The lot sizes you trade should be proportionate to the amount you are willing to risk on each trade, which is directly related to the size of your account and your risk appetite.
3. Control Your Losses
👉 You should only risk 2% or less of your trading account on each trade. This will ensure that you can survive any losing streak while minimizing the drawdown on your trading account.
👉 Remember: losses in forex trading are not linear. A 50% loss would require a 100% gain in order to recover your original trading account level.
4. Use Leverage Carefully
👉 Most forex brokers offer to trade with leverage, and with Exness traders can enjoy up to 1:Unlimited leverage. While trading with leverage is one of the great advantages of trading forex, it can also increase the risk of losses if used incorrectly. Leverage works as a ratio, meaning that if you trade with USD 10 at a leverage of 1:50 your market investment will be USD 500. This means that, if your investment moves in a favourable direction, your profits would be 50x bigger than they would have been without leverage. However, this also means that your losses if the currency moves in an unfavourable direction would be 50x greater as well. Traders are therefore reminded to apply leverage with care.
5. Choose The Time Of Day That You Trade
👉 Most traders tend to ignore the impact of the time of day that they trade. However, traders who are active during periods of less volatility tend to be more profitable than traders who trade during periods of high volatility.
👉 The high volatility periods for different currency pairs vary, but can generally be summarized as the opening hours of the Asian sessions, the London/European sessions, and the New York/American sessions.
👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping.
6. Buy The Rumor, Sell The News
👉 Many traders like to stay abreast of news that affects the forex market, but this is very hard to do given that it is near-impossible to accurately predict what will happen at any given time across the globe. However, experienced traders typically keep abreast of economic releases from different countries, which generally have an impact on many currency pairs.
👉 In most cases, markets typically discount the news based on investors’ expectations, which means that by the time the news is released, the big moves in the affected currency pairs would have already taken place. Therefore, it is important to make trades related to major news events way before the actual news is released.
All About Capital.com’s Rebate System
How much rebate can I pay back?
👉 Rebate percentage can be set to be anything between 0% and 100%.
👉 Rebates are paid daily to the selected referred clients who have closed any trades within the last 24 hours. Daily payments need to be approved by the partner.
👉 Once rebates are set up from your PA, rebates will be automatically calculated for the selected referred clients every time you receive rewards. Total daily rebates will then await your approval in the Approval section of the Rebates tab, or be automatically distributed if you have selected automated approval on rebates for specific referred clients; more information about this is available in the article about how to manage rebates.
How to open an Affiliate Account with Capital.com
👉 Nigerians who want to partner with Capital.com can read through the information available on the broker’s website to decide whether what is offered is suited to them. Nigerians can then contact Capital.com to find out whether they qualify and to obtain the required application form and additional information.
Capital.com Affiliate Program Features
👉 Capital.com offers a CPA commission type Affiliate program where partners can get up to $800 for every client that is referred to the Capital.com platform. Subsequently, referrals must register a live account, verify the account, and fund the trading account for the affiliate to benefit.
👉 Capital.com offers its partners the following:
➡️ A dedicated personal manager
➡️ Weekly market updates
➡️ Customized marketing and promo materials
➡️ World-class trading education for clients who join
➡️ Dedicated customer support
➡️ Innovative trading technology
Capital.com Corporate Social Responsibility
👉 Capital.com does not currently indicate any Corporate Social Responsibility initiatives or projects.
Verdict on Capital.com
👉 Capital.com was established in 2016 and is run by Capital Com SV Investments Limited, the company that owns and operates the online broker. Using innovative technology, Capital.com can provide an exceptional user experience to Nigerian traders.
👉 It has a unique trading platform that delivers helpful information to assist Kenyan traders make wise investment selections. In addition, Capital.com offers a large variety of assets, which gives excellent trading alternatives.
👉 Aside from that, the broker is very well-regulated and offers its Nigerian customers a wide range of security features. Capital.com’s excellent research, powerful instructional material, and unique online platform make it a wonderful option for both novice and expert traders alike.
👉 Even though Capital.com has fewer regulatory licenses than some of the finest brokers, it still beats the industry average.
Capital.com Current Popularity Trend
👉 According to Google Trends, Capital.com has increased in Google searches in Nigeria in the past month.
Capital.com Pros and Cons
|✔️ Pros||❌ Cons|
|Capital.com is a well-regulated broker that reports excellent user experience||United States clients are not accepted|
|Capital.com offers a proprietary platform, mobile trading apps, and MetaTrader 4||There are restrictions on leverage ratios|
|There is a transparent fee structure with tight spreads, commission-free trading, and a reasonable overnight fee charge||The spreads are marked-up|
|Offers thematic investments and Capital.com TV|
|The broker accepts all trading strategies including algorithmic trading, mobile trading, scalping, and others|
|Offers a decent selection of deposit methods and withdrawal options including bank wire transfer, bank transfer, and electronic payment processors|
|Currency conversion fees are not charged and there is a selection of base currencies|
|There is a decent selection of educational content offered|
|The proprietary platform offers charting tools and several other features|
|Regulatory protection is guaranteed through several regulatory bodies|
|There is a selection of instruments from a wide range of asset classes|
|Capital.com offers helpful customer service 24/7 and there is a lot of customer feedback reflecting a positive experience with the broker|
Which market regulators oversee Capital.com’s operations?
Capital.com is regulated by FCA, ASIC, CySEC, NBRB, and FSA in several regions, providing the broker with a global presence.
Is Capital.com a fake or a scam broker?
No, Capital.com is neither fake nor a scam and the broker has a Trustpilot rating of 4.3/5 with over 6,300 reviews in addition to having a trust score of 77%.
Is Capital.com regulated by the Capital Markets Authority in Nigeria?
No, Capital.com has not yet obtained regulation from the CBN in Nigeria.
What Trading Software can Nigerians expect from Capital.com?
Capital.com supports the following trading platforms:
- MetaTrader 4
- Trading View
What is the maximum leverage that Nigerians can get from Capital.com?
This will depend on which regulations Nigerians register a live trading account. There are restrictions for some areas and the average leverage that can be expected is:
- NBRB Registration – 1:100
- FCA Registration – 1:30
- ASIC/CySEC Registration – 1:30
What is the overall rating for Capital.com?
We give Capital.com an overall rating of 9/10. Overall, Capital.com is considered a safe forex and CFD broker that offers over 6,500 markets, a choice between trading platforms, and competitive and commission-free trading.
While there is no KES-denominated account offered, Nigerian traders can expect tailored solutions and a transparent trading environment in which they can thrive.
Does Capital.com offer educational materials to beginner Kenyan Traders?
Yes, Capital.com offers a dedicated training academy that can help beginner traders gain more confidence in financial markets.