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Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
With one of the lowest-cost trading environments in the industry and a large number of tradable assets, Capital.com provides a welcoming environment for both beginners and professional traders looking for a new MT4 broker.
A well-regulated broker, Capital.com offers trading on an extensive range of tradable instruments, including over 120 Forex pairs, over 2,700 share CFDs, 22 indices, 19 commodities, and 20 cryptocurrencies.
Although Capital.com only offers one trading account its trading costs are significantly lower than average, with spreads starting at 0.70 pips on the EUR/USD and no commission. Additionally, no fees are charged for deposits, withdrawals, or on inactive accounts. Unlike other brokers, Capital.com charges swap fees based only on the leverage provided rather than the trading position’s entire value. This is a welcome development in an industry where extra fees are charged on most transactions.
Trading is offered on MT4 and Capital.com’s award-winning proprietary web platform, and customer service is available 24/7 to help with any technical queries. Notable is Capital.com’s world-class educational and market analysis section, providing exceptional value for beginner and experienced traders alike.
One drawback is the lack of technical and fundamental analysis tools on offer. Most other brokers offer tools like Autochartist, Trading Central, and free VPS services, to help traders make better trading decisions.
With one of the lowest-cost trading environments in the industry and a huge number of Forex pairs and other CFDs, Capital.com provides the best overall trading experience for both beginners and professional traders. Capital.com makes money management easy too, with no fees on deposits, withdrawals, or inactive accounts and swap fees are only charged on leverage. Finally, the world-class education available for traders of all experience levels makes Capital.com a true partner for Forex traders.
Select another broker to another broker to compare features, fees, and platforms side by side.
Founded in 2016 and headquartered in Cyprus, Capital.com is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Security and Exchange Commission (CySEC), and the Australian Securities and Investments Commission.
South Africans will trade under the subsidiary Capital Com (UK) Limited, which is authorised and regulated by the FCA. A well-respected regulator, the FCA ensures that all Capital.com client funds are held in segregated accounts and that Capital.com offers its traders negative balance protection, ensuring that clients cannot lose more than is in their trading account. Additionally, under this regulation, leverage is capped at 100:1 on major currency pairs.
Overall, because of its responsible behaviour and strong international regulation history, we consider Capital.com a safe broker for South Africans to trade with.
Regulator | Jurisdiction | Licence no. | Scope of Regulation | |
|---|---|---|---|---|
 | Australian Securities & Investment Commission | Australia | ASIC provides the following protections for Australian clients:
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 | Cyprus Securities and Exchange Commission | European Union | CySEC provides the following protections for EU clients:
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 | Dubai Financial Services Authority | Dubai | DFSA ensures the following safeguards for clients in Dubai:
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 | Financial Conduct Authority | United Kingdom | FCA ensures the following safeguards for UK clients:
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 | Securities Commission of the Bahamas | Bahamas | SCB ensures the following safeguards for clients in the Bahamas:
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The account opening experience at Capital.com is excellent: it is intuitive, quick, and easy, and accounts are generally approved within one business day.
South African traders can open an account at Capital.com as long as they meet the minimum deposit requirement of 20 USD.
Traders can open a corporate account (in which case, clients need to contact customer support) or an individual account, which will be the focus of this review:
1. Click “Trade Now” at the website’s top right-hand corner.
2. Traders will be directed to fill in their details, including name, country of residence, employment status, financial status, etc.
3. The next step requires choosing your preferred base currency.
4. Capital.com requires at least two documents to accept you as an individual client:
Proof of Identification—Capital.com accepts all government-issued identification documents, such as Passports, national ID cards, driving licenses, and other government-issued IDs.
Proof of Address – Proof of residence/address document must be issued in the name of the Capital.com account holder within the last 6 months and must contain a trader’s full name, current residential address, issue date, and issuing authority.
After the application is approved, traders can fund their accounts. We suggest you read Capital.com’s risk disclosure, customer agreement, and terms of business before you start trading.
Capital.com’s account-opening process is fully digital, intuitive, and hassle-free.
Capital.com’s range of financial instruments to trade is wider than most other brokers, with large numbers of share CFDs, Forex pairs, and cryptocurrencies rarely seen at other brokers.
Alongside Forex pairs, Capital.com offers cryptocurrencies, stocks, commodities, indices, and currency indices.
Financial Instrument | Number of Assets | Leverage |
|---|---|---|
| Commodities | 89 | 200:1 |
| Cryptocurrencies | 570 | 20:1 |
| Stock CFDs | 5,600 | 20:1 |
| Forex | 125 | 200:1 |
| Indices | 48 | 200:1 |
Capital.com offers only one account type, whereas most CFD brokers will provide at least two or three, but its account suits beginners and more experienced traders. Capital.com’s trading fees are lower than other similar brokers.
Capital.com only derives its revenue from spreads, and no commissions apply. The EUR/USD spread is listed as 0.70 pips, representing a competitive offer with no additional costs. Capital.com also allows hedging and scalping but does not have a copy trading option.
Capital.com offers trading on over 2000 assets, including 135 currency pairs. Leverage for South African clients is 100:1 as stipulated by FCA regulations and as high as 200:1 for professional traders.
Note that Capital.com does not offer Islamic Swap-free accounts.
Trading account | Min. Deposit | Min. Spread EUR/USD | Commission | Trading Cost (USD) Trading Cost Formula: Spread x Trade Size + Commission = Total Cost in USD |
|---|---|---|---|---|
| Standard | USD 20 | 0.60 | Spread Only | 6.0 |
With a single registration, Capital.com clients can open both a real and a demo account, and trading is offered on Capital.com’s proprietary web trader platform and MT4.
Capital.com’s account is suited to both beginners and more experienced traders. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. Capital.com’s account has a reasonable minimum deposit requirement of 20 USD, putting it within the reach of beginner traders.
Capital.com categorizes clients as either retail or professional. Even if you are initially categorized as a retail client, you can qualify to be a professional-client later, which allows you, for example, to trade at higher leverage (up to 1:500 on currencies). To qualify, you have to meet the following criteria:
Capital.com offers a free unlimited demo account where clients can test out trading strategies with virtual funds. The customer support team is available 24/7 to help with any account setup or technical difficulties.
Capital.com’s trading platform support is average compared to other brokers.
Capital.com’s mobile trading platforms are limited when compared to other similar brokers.
Capital.com’s trading platform is available on Android and iOS mobile devices and tablets. As with the web trading platform, traders can choose from multiple languages. Although the platform’s functionality is slightly limited compared to the desktop version, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders.
Capital.com does not offer support for the mobile version of MT4.
Capital.com offers support for its award-winning proprietary web trading platform and for Metatrader 4.
Capital.com has its self-developed trading platform, available on a web browser. The platform is easy to use, intuitive and simple to set up, which is great for beginner traders.
The bespoke platform offers an in-depth financial analysis with over 75 technical indicators, multiple trading chart types, and extensive drawing tools. It also enables users to effortlessly toggle in and out of up to six tabs while keeping an eye on all charts and instruments in the trading arsenal. One can also set up multiple watch lists to track selected markets. It also provides traders with smart risk management tools, allowing traders to control their risk with various stop loss and take profit tools. One drawback of the platform is that it lacks support for automated trading solutions and third-party strategies.
Capital.com recently added MT4 to its offering. Developed by MetaQuotes in 2002, MT4 is still the most popular CFD trading platform in the world. Although the platform’s interface is now dated, MT4 is still widely recognised for its fast execution speeds, wide range of charting tools, algorithmic trading, and customisability. Other features of MT4 include:
Capital.com’s offering of third-party platforms, such as MT4, benefits traders by allowing them to take their own customised version of the platform with them should they choose to migrate to another broker. Additionally, thousands of plugins and tools are available for MT4.
Capital.com offers a wide range of deposit and withdrawal methods, and no extra fees are charged.
As a well-regulated broker, Capital.com ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source. Capital.com offers commission-free deposit and withdrawal options that can be performed on the broker’s trading platform. The deposit and withdrawal methods offered include Debit cards, Credit cards, Bank Wire transfers, Sofort, iDeal, Giropay, Multibanko, Przelewy24, QIWI, Webmoney, and Trustly. However, South Africans can only use bank transfers and debit/credit cards.
Withdrawal requests are processed within 24 hours, but funds can take five to seven business days to reach client accounts. Wire transfers may take longer.
The minimum deposit is 20 EUR, 20 USD, 20 GBP, or 100 PLN for all payment methods, except a wire transfer, which has a minimum of 250 EUR (or the equivalent in the currency of your trading account).
Funding Method | Base Currency | Deposit Fees | Withdrawal Fees | Processing Time |
|---|---|---|---|---|
| Bank Transfer | USD, EUR, GBP, CHF, AED, MXN | FREE | FREE | Local Bank Transfer within 24 hours, International Bank Transfers up to 5 days. |
| Mastercard | USD, EUR, GBP, CHF, AED, MXN | FREE | FREE | Deposits are instant, withdrawals are processed within 24 hours. |
| Visa | USD, EUR, GBP, CHF, AED, MXN | FREE | FREE | Deposits are instant, withdrawals are processed within 24 hours. |
Capital.com’s trading tools are severely limited compared to similar brokers, but the market analysis surpasses most other brokers.
Capital.com offers support for Trading View in addition to a few risk management tools on its web platform.
Capital.com recently added Trading View to its arsenal of trading tools. Trading View is free of charge for traders who open a live account. It is an excellent tool for researching, charting and screening any instrument. Additional features of Capital.com’s Trading View tool include:
The Financial News and Features section at Capital.com is filled with well-presented, up-to-date analytics and fundamental analyses. The overall quality of the content, the comprehensive analysis, and the research’s educational value far exceed its competitors. This research material correlates with videos presented on the Capital.com TV platform. An Economic Calendar is also available.
Capital.com’s educational support is excellent compared to other similar brokers.
Capital.com’s educational materials comprise the following:
Capital.com’s excellent written educational materials help traders develop skills to improve trading performance. Seven guides have been compiled and cover topics ranging from basic trading strategies to financial markets and instruments. Capital.com also provides five video courses, which provide an in-depth introduction to the most fundamental trading elements and allow traders to explore various trading approaches.
Capital.com regularly hosts free webinars, available to subscribers of the broker’s official YouTube channel.
Available 24/7, Capital.com’s customer support is excellent compared to other brokers
Capital.com offers customer support 24/7 via phone, Facebook messenger, Viber, WhatsApp, Telegram, online Live Chat, and email in English, Russian, German, Spanish, Arabic, French, Italian and Turkish.
For the purposes of this review, we found customer support responsive, polite, and very helpful. They were able to answer most of our questions to our satisfaction.
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Capital.com would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Transactions with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. The size of the potential loss is limited to the size of the deposit. Past profits do not guarantee future profits. Use the training services of our company to understand the risks before you start operations.
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Partner Manager and Financial Writer
Head of Content
Financial Writer
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