CapTrader Broker Review: Is it Worth the Investment?

When it comes to online trading, choosing the right broker can be the difference between success and failure. With numerous brokers flooding the market, it can be overwhelming to decide which one is right for you. In this article, we will review CapTrader, a top-rated online broker, to help you determine if it is a worthy investment.

What is CapTrader?

CapTrader is a German-based online brokerage firm that was founded in 1997 by the Baader Bank Group. It caters to clients globally and provides a wide range of financial products and services. CapTrader is known for its professional trading platform and excellent customer support. The brokerage firm is regulated by BaFin, the German Federal Financial Supervisory Authority, ensuring that it complies with strict standards that safeguard clients’ funds.

Is CapTrader Safe and Regulated?

Before committing your hard-earned money to any broker, it is crucial to ensure that it is safe and regulated. CapTrader is subject to strict regulations under BaFin, which ensures that the company operates ethically and in accordance with the EU’s MiFID II regulations. Additionally, clients’ funds are protected under the Investor Compensation Scheme, which gives compensation of up to €100,000 in the event that the company fails to meet its financial obligations.

CapTrader Trading Platform

The CapTrader trading platform is an award-winning platform that provides advanced features and a user-friendly interface. It is a desktop-based platform that runs on the Windows operating system, but clients can access the platform remotely using a virtual machine. The platform includes various trading tools and features, such as charts, indicators, and market research tools. It also supports multiple order types and provides access to over 1.2 million securities in more than 100 markets.

CapTrader Account Types

CapTrader offers three account types: The Investor Account, The Trader Account, and The Profi Account.

• 1. The Investor Account: This account is suitable for investors who trade less frequently and prefer a simple way of trading. It has no minimum deposit required, and clients are charged on a per-order basis.
• 2. The Trader Account: This account is designed for traders who trade more frequently and require more advanced features. It has a minimum deposit of €2,000 and includes additional features such as reduced commissions and access to the IB Gateway trading platform.
• 3. The Profi Account: This account is aimed at professional traders who require institutional-grade trading tools and prefer a subscription-based plan. It includes access to all the advanced features of the trading platform, reduced commissions, and custom trading solutions.

Commission and Fees

CapTrader charges commissions based on the account type and the market traded. The commissions are tiered, which means that the more you trade, the lower your commissions will be. The commissions for stock trading start from €2 per order, while options trading starts from €1 per contract. Additionally, CapTrader charges a custody fee of 0.1% per year on all securities held in custody. It is essential to note that the commission rates are competitive, making CapTrader a cost-effective option for traders.

Customer Support

CapTrader provides excellent customer support through multiple channels, including email, telephone, and live chat. The support team is available in ten different languages, making it easy for clients to communicate with them. Additionally, CapTrader provides extensive online resources, including educational materials, webinars, and market research reports. The customer support team is knowledgeable and responds promptly to clients’ inquiries, making it a significant advantage for traders.

Pros and Cons of CapTrader

Like any other online broker, CapTrader has its advantages and disadvantages. Here is a list of the pros and cons:

• Pros:
• Regulated by BaFin and compliant with EU regulations.
• Award-winning trading platform with advanced features.
• Competitive commission rates.
• Excellent customer support.
• Access to over 1.2 million securities in more than 100 markets.
• Extensive online resources.
• Cons:
• Desktop-based trading platform limits accessibility.
• Not suitable for beginners.
• Account minimum for Trader and Profi accounts.

Conclusion

In conclusion, CapTrader is a reliable and trustworthy broker that offers clients competitive commission rates, advanced trading tools, and excellent customer support. While it may not be suitable for beginners, it is an ideal broker for investors and traders who require professional-grade trading tools and features. Overall, CapTrader is a worthy investment for traders seeking a reliable and cost-effective online broker.