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Capital.com-review

Capital.com Review

Capital.com is a Market Maker broker that is well-regulated by the reputable ASIC, FCA, NBRB, and CySEC. Capital.com has been in operation since 2016 and can be seen as a trustworthy and worthwhile broker. Capital.com is currently not regulated by the CBN.

July 20, 2022
Updated : July 20, 2022

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Overall Rating

Min Deposit

USD 20 / 8292 NGN

Regulators

CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon

Trading Desk

Market maker

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Capital.com at a glance

🏛️ HeadquarteredUnited Kingdom
🏛️ Nigerian Based OfficeNo
👍 Accepts Nigerian Traders?Yes
📅 Year Founded2016
📱 Nigerian Office Contact NumberNone
⚖️ RegulationASIC, FCA, NBRB, and CySEC
🔎 License NumberUnited Kingdom – FRB 793714

Cyprus – 319/17

Belarus – 193225654

Australia – AFSL 513393
⚖️ CBN RegulationNone
✴️ Regional RestrictionsThe United States and Canada
☪️ Islamic AccountNo
📈 Demo AccountYes
📈 Retail Investor Accounts1 Retail, 1 Professional
📊 PAMM AccountsNone
📊 Liquidity ProvidersNone indicated
✔️ Affiliate ProgramYes
📊 Crypto trading offered?Yes
🚀 Offers a Nigerian Account?No
💻 Dedicated Nigerian Account Manager?No
📈 Maximum LeverageNBRB 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 Stats1.3 million
💵 Active Nigerian-based Capital.com customers150,000+
💰 Nigeria Daily Forex Turnover$1.25 million+
💳 Deposit and Withdrawal OptionsGlobal Bank Transfers
Credit Card
Debit Card
Apple Pay
PayPal
Several Electronic Payment Processors
💰 Segregated Accounts with Nigerian Banks?No
💻 Trading PlatformsCapital.com Web, Capital.com Mobile, MetaTrader 4, TradingView
💰 Tradable AssetsIndices
Forex
Commodities
Cryptocurrencies
Shares
🌐 Offers USD/NGN currency pair?No
🌐 USD/NGN Average SpreadN/A
📈 Offers Nigerian Stocks and CFDsNo
👨‍💼 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 LanguagesMultilingual
👥 Customer Service Hours24/7
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansNone
✴️ Education for Nigerian beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Capital.com a safe broker for Nigerians?Yes
✔️ Rating for Capital.com Nigeria9/10
✔️ Trust score for Capital.com Nigeria76%

Capital.com Review – 15 key points quick overview:

  1. ✅Capital.com Overview
  2. ✅Capital.com Regulation and Safety of Funds
  3. ✅Capital.com Account Types and Features
  4. Capital.com Account Registration
  5. Capital.com VS AvaTrade VS FBS – Broker Comparison
  6. Capital.com Trading Platforms
  7. Capital.com Range of Markets
  8. Capital.com Broker Comparison for Range of Markets
  9. Capital.com Trading and Non-Trading Fees
  10. Capital.com Deposits and Withdrawals
  11. Capital.com Education and Research
  12. Capital.com Affiliate Program
  13. Verdict on Capital.com
  14. Capital.com Pros and Cons
  15. Frequently Asked Questions

Capital.com Overview

👉 Capital.com does not have offices in Lagos, Nigeria and nor is it regulated or overseen by the Central Bank of Nigeria (CBN). However, Nigerian traders can deal with this broker knowing that the broker can be trusted with client funds.

🥇 More than 788,000 traders from all around the globe have signed up with Capital.com to take advantage of its complete set of trading tools and services. According to Capital.com, it experiences more than $13 billion in daily trading volume.

👉 Investors who use Capital.com’s CFD services may choose from more than 6,500 different financial instruments spanning over several different asset classes. Capital.com has transparent trading costs and ensures client protection and client fund security.

👉 This Capital.com review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

Distribution of Traders

Capital.com has the following distribution of traders:

➡️️​ 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

🥇 Capital.com is a UK-based forex and CFD broker that has been in operation for the past 6 years. While it does not yet have the same long-standing reputation as other brokers, Capital.com falls within the top 40 international brokers for Nigerian traders.

Capital.com Regulation and Safety of Funds

Capital.com regulation

👉 Capital.com is registered in England and Wales (10506220) and has offices in the United Kingdom, Belarus, Gibraltar, Cyprus, Seychelles, and Australia. In each of these jurisdictions Capital.com has the necessary regulations and authorization to offer its services under the following names:

➡️️​ Capital.com SV Investments Limited is authorized and well-regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) under license number 319/17.

➡️️​ Capital.com (UK) Limited is regulated and authorized by the Financial Conduct Authority (FCA) under license number FRB 793714.

➡️️​ CJSC (Capital Com Bel) is regulated by the National Bank of the Republic of Belarus (193225654).

➡️️​ Capital Com Australia Limited is regulated, authorized, and overseen by the Australian Securities and Investment Commission (ASIC) under license number AFSL 513393.

👉 Capital.com is partnered with some of the largest money managers in Europe and these entities protect, store, and handle all client funds. These funds are kept in segregated accounts separate from the operational accounts of the broker.

👉 All clients can trade with confidence because there is investor protection provided through the Investor Compensation Fund, as is required by regulatory provisions. Traders must note that the Investor Compensation Fund only covers retail traders, not professional traders.

👉 Capital.com is also a member of the Financial Services Compensation Scheme and the broker applies negative balance protection and margin close-outs to retail accounts, ensuring that traders do not lose more money than they can afford.

👉 In addition, Capital.com is also compliant with all standards relating to PCI Data Security, providing clients with a secure data environment where all information and data is encrypted through Transport Layer Security (TLS), replicated in real-time and backed up securely.

👉 Lastly, Capital.com also employs pre-trade and post-trade fraud detection systems. To prevent money laundering, Capital.com employs self-assessment tools, professional internal audits, mandatory training, training and development, and other tools.

👉 In addition, Capital.com also uses Know Your Customer (KYC), Source of Wealth (SOW), and Source of Funds (SOF) best practices. There are also innovative identification technologies used to authenticate documents to minimize identify fraud.

Capital.com Account Types and Features

Capital.com features

👉 Capital.com only offers one live trading account with the option for a retail or professional option.

Live Trading Accounts

✅ Retail Account

👉 The Retail account caters to most traders regardless of their trading needs, objectives, or unique trading style. The features that traders can expect on this account include:

➡️️​ An ultra-low minimum deposit requirement of 8,000 Nigerian Naira is equivalent to $20.

➡️️​ Commission-free trading

➡️️​ Access to more than 6,500 financial instruments that are spread across several asset classes

➡️️​ Low overnight fees

➡️️​ Tight average spreads from 0.6 pip EUR/USD

➡️️​ Instant price alerts

➡️️​ Advanced charting capabilities

➡️️​ Flexible leverage according to the trader’s region and the regulation under which they register an account. NBRB regulation offers leverage up to 1:100, FCA up to 1:30, and ASIC/CySEC up to 1:30.

➡️️​ The ability to choose between proprietary trading platforms and MetaTrader 4

➡️️​ The ability to either go long or short on trades

➡️️​ Negative balance protection

✅ Professional Account

👉 When Nigerian traders qualify as professional accounts, they must consider some factors including leverage limits, negative balance protection, and assumed experience.

👉 Professional traders can access higher leverage levels because of their expertise in trading. Negative balance protection is only applied to retail trading, which means that this falls away with professional accounts.

👉 In addition, professional traders are considered experienced traders who can manage their degree of risk effectively, which means that these traders will not have the same risk management tools at their disposal as retail traders.

✅ Demo Account

👉 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.

Capital.com Account Registration

Capital.com registration

👉 To register an account with Capital.com, traders can visit the official website and select the “Trade Now” option. Traders can complete the registration form by providing their details, accepting the Privacy Policy, and submitting their applications.

👉 Traders must note that Capital.com is compliant with Know Your Customer (KYC), Source of Wealth (SOW), and Source of Funds (SOF) best practices. This means that traders are required to provide proof of their identity, residential address, and other documents before their account is verified.

👉 Once traders have submitted the necessary documentation, their application will be approved, and they can deposit funds into their account to start trading.

Capital.com VS AvaTrade VS FBS – Broker Comparison

AdmiralsFBSTD Ameritrade
⚖️ RegulationFCA, ASIC, CySEC, EFSA, JSCIFSC, CySEC

SEC, SFC, FINRA
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• Admirals Mobile Ap
• MetaTrader 4
• MetaTrader 5
• FBS Trader
• CopyTrade
• TD Ameritrade Web
• TD Ameritrade Mobile
• thinkorswim mobile
• thinkorswim web
💰 Withdrawal FeeYesYesNo
📈 Demo AccountYesYesYes
📊 Min Deposit400 NGN400 NGN400 NGN
💰 Leverage

• 1:30 Retail
• 1:500 Professional
Up to 1:3000
1:2
💳 SpreadFrom 0.0 pipsFrom 0.0 pipsNone
✴️ CommissionsFrom $0.02From $6From $0
💳 Margin Call/Stop-OutStop-out from 50%40% and 20%None
📊 Order ExecutionMarket/ExchangeSTP, ECNNone
💰 No-Deposit BonusNoYesNo
💰 Cent AccountsNoYesNo
📊 Account Types• Trade.MT5
• Invest.MT5
• Zero.MT5
• Bets.MT5
• Trade.MT4
• Zero.MT4
• FBS Cent Account
• FBS Micro Account
• FBS Standard
Account
• FBS Zero Account
• FBS ECN Account
• FBS Crypto Account
• Standard Accounts
• Retirement Accounts
• Education Accounts
• Speciality Accounts
• Managed Profiles
• Margin Trading Account
⚖️ CBN RegulationNoNoNo
💵 NGN DepositsYesYesNo
💳 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/5
24/7
24/7
🛍 Retail Investor Accounts662
☪️ Islamic AccountYesYesNo

Capital.com Trading Platforms

Capital.com trading platform

👉 Capital.com offers the following trading platforms:

➡️️​ Capital.com Web

➡️️​ Capita.com Mobile

➡️️​ MetaTrader 4

➡️️​ Trading View

👉 Captial.com provides MetaTrader 4, which is widely considered to be the most popular trading platform in the world. Beginners should have an easier time learning the platform’s UI than more experienced traders, but both groups should benefit from the platform’s features.

👉 Custom indicators can be programmed in MT4’s proprietary coding language (MQL5) to allow clients to automate their trades.

👉 Capital.com’s own web-based trading platform provides traders access to more than 75 technical indicators, several trading chart formats, and comprehensive drawing tools. Several risk-management tools, such as stop-loss, take profit, and negative balance protection, are included in this award-winning platform.

👉 The Capital.com CFD trading platform is now available as a mobile app, allowing traders to access the market from wherever they have an internet connection. Traders can quickly assess the market and execute trades with the help of up to 70 technical analysis indicators and other tools. Both Android and iOS devices are supported by the mobile app.

👉 Traders and investors of all skill levels may benefit from Trading View’s advanced charging technology. Additionally, it offers a social network where individuals can exchange ideas, create custom scripts to improve charts and organize topic-based discussions to debate their perspectives. Moreover

👉 Values, volume, and historical asset prices can all be easily analyzed using the commercial data feed offered by TradingView. Traders in Nigeria may also do fundamental and technical analysis using the platform’s data, which makes it convenient for them.

Capital.com Range of Markets

Capital.com offers Nigerian traders a choice from over 6,500 financial instruments spread across these asset classes:

➡️️​ Indices

➡️️​ Forex

➡️️​ Commodities

➡️️​ Cryptocurrencies

➡️️​ Shares

Capital.com Broker Comparison for Range of Markets

Capital.comAvaTradeFBS
ForexYesYesYes
Precious MetalsYesYesYes
ETFsNoYesNo
CFDsYesYesYes
IndicesYesYesYes
StocksYesYesYes
CryptocurrencyYesYesYes
OptionsNoYesNo
EnergiesYesYesYes
BondsNoYesNo

Capital.com Trading and Non-Trading Fees

➡️️​ Spreads

👉 The spreads that traders can expect from Capital.com are variable and this means that the spread can change according to the financial instrument being traded, with overnight fees applicable to indices, commodities, and forex currency pairs. In addition, it could also change according to the market conditions on the trading day.

👉 Capital.com offers traders access to live quotes on its official website, allowing traders to see what spreads they can expect, with average spreads on EUR/USD starting from 0.6 pips.

➡️️​ Commissions

👉 Capital.com offers commission-free trading, which means that the spreads are marked-up to include the broker’s fee for facilitating the trade.

➡️️​ Overnight Fees, Rollovers, or Swaps

👉 Overnight fees are applied to all positions that are kept open for longer than 24 hours. With Capital.com there is an overnight fee time charged at 10 pm (UTC). While this fee may differ according to the instrument, market conditions, position size, and the position that traders open (long or short), the typical overnight fee on EUR/USD is -0.0037%.

➡️️​ Deposit and Withdrawal Fees

👉 Deposit and withdrawal fees are not charged on any of the payment methods offered by Capital.com. Any fees that Nigerian traders incur when they deposit or withdraw funds will be levied by their bank.

10 Best Forex Brokers in Nigeria for 2022

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

AvaTrade Islamic

4.8/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

Tickmill Review South Africa

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.7/5

User Score

#10

4.7/5

User Score

Capital.com Deposits and Withdrawals

Capital.com deposit and withdrawal

👉 Capital.com offers the following deposit and withdrawal methods:

➡️️​ Global Bank Transfers

➡️️​ Credit Card

➡️️​ Debit Card

➡️️​ Apple Pay

➡️️​ PayPal

➡️️​ Sofort

➡️️​ Payments_2C2P

➡️️​ Ideal

➡️️​ Giropay

➡️️​ Multibanko

➡️️​ Przelewy

➡️️​ Qiwi

➡️️​ Trustly

➡️️​ Bank of Indonesia

➡️️​ Bank of Malaysia

➡️️​ Online Banking (Philippines)

➡️️​ Doku

➡️️​ Nganluong

➡️️​ Bangkok Bank Payments

➡️️​ Kasikorn Bank Payments

➡️️​ SCB Digital Payments

➡️️​ UPI

➡️️​ Net Banking

➡️️​ Boleto

➡️️​ Transferencia Bancaria

➡️️​ Efecty

➡️️​ Baloto

➡️️​ BCI

➡️️​ Banorte

➡️️​ Spei

➡️️​ BBVA Bancomer

➡️️​ Thai QR

➡️️​ GCash

➡️️​ GlobePay

➡️️​ PayMaya

➡️️​ QRIS

➡️️​ OVO

➡️️​ POLi

Capital.com Education and Research

Capital.com courses

👉 Capital.com offers beginner traders access to the following educational content:

➡️️​ The Basics of Trading

➡️️​ Popular Market Guides

➡️️​ Trading Guides

👉 The research options and tools offered by Capital.com include:

➡️️​ Webinars

➡️️​ Economic Calendar

➡️️​ Capital.com TV

➡️️​ Market News Feeds

➡️️​ Technical Analysis

➡️️​ Fundamental Analysis

➡️️​ Market Insights

Capital.com Affiliate Program

Capital.com Partnership program

👉 Capital.com is an award-winning fintech company that aims to revolutionize trading across the world, making it transparent, inclusive, and innovative. From 2020 to date, Capital.com has already paid over $47 million in commissions to partners.

👉 Those who join Capital.com’s affiliate program can choose between two types of commission namely CPA and Revenue Share. CPA can only be accessed on verified and funded accounts, providing partners with up to $800. Revenue share commission provides partners in all regions except the United Kingdom, European Union, and Australia, with a commission of up to 30%.

👉 Capital.com’s affiliate program offers some of the following features:

➡️️​ The affiliate program is accessible by everyone and offers clients some of the best technology, tools, and resources.

➡️️​ Capital.com is a trustworthy broker that is well-regulated.

➡️️​ Capital.com offers its clients the use of an innovative and award-winning proprietary platform that offers access to international financial markets. The proprietary trading app uses eQ bias detection to help clients gain insight into trading behavior, trading psychology, and other metrics to allow them to make improved trading decisions.

➡️️​ Capital.com offers 24/7 customer support through several communication channels.

👉 In addition, Capital.com also offers affiliates a personal manager, weekly market updates, and customized marketing materials.

Verdict on Capital.com

👉 Capital.com is a globally recognized international broker that offers some of the most attractive trading conditions to Nigerian traders. Nigerian traders can use global bank transfers to fund their trading accounts without worrying about additional fees.

👉 While Capital.com does not offer a Nigerian Naira-denominated account, traders can benefit from the competitive trading conditions that the retail account offers. In addition, Capital.com is well-regulated and offers client fund safety and a strict regulatory framework managed by some of the best market regulators.

👉 Nigerian traders who choose to trade with Capital.com must remember that CFDs are complex instruments that carry a high degree of risk associated with a loss of capital. While Capital.com offers several useful tools such as negative balance protection and margin close-out, traders can still lose their funds.

Capital.com Pros and Cons

✔️ Pros❌ Cons
Capital.com is a well-regulated broker that reports excellent user experienceUnited States clients are not accepted
Capital.com offers a proprietary platform, mobile trading apps, and MetaTrader 4There are restrictions on leverage ratios
There is a transparent fee structure with tight spreads, commission-free trading, and a reasonable overnight fee chargeThe 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

 

Frequently Asked Questions

 

What is the overall rating for Capital.com out of 10?

The overall rating for Capital.com is 9/10.

Which financial instruments can I trade with Capital.com?

You can trade over 6,500 financial instruments spread across:

  • Indices
  • Forex
  • Commodities
  • Cryptocurrencies
  • Shares

Is Capital.com suitable for beginner and professional traders?

Yes, Capital.com is suitable for beginner traders and advanced traders.

Does Capital.com offer an Islamic Account?

No, Capital.com does not offer an Islamic Account.

What account types does Capital.com offer?

Capital.com only offers one live account with the option of a Retail or Professional Account.

9.7/10 - (14 votes)

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