Capital Index-Broker Review
Capital Index is a regulated Forex and CFD broker from United Kingdom (is regulated by the FCA) that offers a lot of services and markets to trade from Forex to financial spread betting. It is an ECN/STP broker with multiple services for its clients.
It is a company that provides financial services to both novice traders with little initial capital and market experience as professional traders with greater trading capital and experience. Unlike other brokers, the initial deposit required is quite low.
Capital Index provides a ECN/STP business model, in which customer orders are passed directly to the broker liquidity providers. In other words, the execution of trades is performed without a dealing desk (Non Dealing Desk), so that the trader enjoys fast executions, low and variable spreads whose value depends on market conditions. This allows the customer to use all kinds of trading strategies, including those that are based on scalping.
Type of broker
Capital Index is a ECN/STP broker with a Non Dealing Desk execution.
Regulation
- Capital Index (UK) Ltd is authorized and regulated by the FCA (Financial Conduct Authority) in the UK, with the registration number 709693.
- Capital Index (Cyprus) Ltd is authorized and regulated by CySEC (Cyprus Securities Exchange Commission) of Cyprus, with the license number 249/49
Country of origin
Currently the company has a presence in several countries, including the UK, Cyprus and Australia
Trading Instruments
Trading instruments offered by this broker to its clients are:
- Forex: Dozens of currency pairs in the Forex market, including the major pairs like EUR/USD, GBP/USD and USD/JPY, and other more exotic like the USD/ZAR and USD/SGD among others.
- Precious metals: Gold and silver in the spot market.
- Contracts For Difference – CFD based on the following underlying assets:
- Currency Pairs
- Shares in different markets
- Stock market indices
- Commodities (Spot and futures contracts)
- Spread betting: This broker also offers spread betting transactions, but only for UK customers.
Trading Accounts
This broker offers various types of trading accounts for clients of various profiles, which have the following features:
| Trading account | Classic | Advanced | Pro | Islamic |
|---|---|---|---|---|
| Minimum deposit | No minimum | $100 | $500 | $100 |
| Spreads | Fixed spreads from 2 pips | Variable spreads from 1.2 pips | Variable spreads from 0.9 pips | Variable spreads from 1.2 pips |
| Maximum leverage | 1:100 | 1:200 | 1:200 | 1:200 |
| Trading instruments | Forex, CFD, Spread Betting and Spread Trade | Forex, CFD, Spread Betting and Spread Trade | Forex and CFD | Forex and CFD |
| Minimum trade size (Forex) | 0.02 lots | 0.02 lots | 0.5 lots | 0.02 lots |
| Minimum trade size (CFD and Spread Trade) | -CFD: 0.5 lots -Spred Trade: $0.50 | -CFD: 0.5 lots -Spred Trade: $0.50 | -CFD: 0.5 lots | -CFD: 0.5 lots |
| Trading platform | Metatrader 4 | Metatrader 4 | Metatrader 4 | Metatrader 4 |
| Trading commisions | No | No | Yes, ($3.5 per lot in Forex Trading) | No |
| Trading execution type | STP | STP | STP | STP |
| Price requotes | No | No | No | No |
| Dealer intervention | No | No | No | No |
| Hedging transactions | Yes | Yes | Yes | Yes |
| Phone trading | No | Yes | Yes | Yes |
| Free webinars | Yes | Yes | Yes | Yes |
| Free seminars | Yes | Yes | Yes | Yes |
| VPS | No | Yes | Yes | Yes |
Demo Accounts
Yes, with no limit of time
Trading Platforms
The types of trading platforms offered by this broker are:
- Metatrader 4: One of the most widely used trading platforms to trade Forex and CFD. The version that offers Capital Index is also designed to make spread betting and spread trade transactions. It is an application that requires downloading and installing and incorporates multiple functions and trading tools such as updated market quotes, advanced price charts (with multiple timeframes from 1 minute to 1 month), dozens of built-in technical indicators, market news, fast execution, various types of orders and others. It also allows the creation, evaluation and implementation of automated trading systems known as Expert Advisors, which can be based on any trading strategy.
- Metatrader 4 MultiTerminal (MAM accounts): This is another version of Metatrader 4 designed to manage multiple trading accounts that use this trading platform. It is a recommended choice for professional traders and fund managers who need an application that allows them to manage multiple accounts simultaneously. It provides the ability to manage an unlimited number of accounts and is designed with multiple functions such as various methods of allocation of funds to each account (batch percentage and proportional).
Payment Options
The options offered by this broker for withdrawal/deposit of funds are as follows:
- Wire transfer.
- Credit card.
- MasterCard prepaid cards.
Accepted currencies are EUR, GBP and USD.
Main Advantages of Capital Index
- It is a broker properly regulated by CySEC of Cyprus and the FCA of United Kingdom, two of the main regulators of financial services.
- Capital Index offers its customers access to a variety of markets and trading instruments including Forex, CFD and Spread Trades among others.
- All transactions are performed with STP execution without dealer intervention (Non Dealing Desk) as a Market Maker broker.
- This broker offers regular promotions for new and existing clients, such as bonuses for customers that open a trading account and deposit funds.
- Clients have access to a prepaid MasterCard card for withdrawal.
- Access to a virtual private server (VPS) to all its customers, which significantly improve the functioning of the trading platform, especially if the client is using EA.
- Analysis and daily reports on markets by experts of the company.
- An economic calendar updated in real time.
- Access to various tools for trader education, including:
- Free seminars.
- Free Webinars.
- Educational articles in the website of Capital Index.
- An affiliate program called CapitalIndex Partners, which allows to earn money by promoting the financial services of this broker.
Main Offers of Capital Index
This broker offers a welcome bonus of 50% for new clients that open an account and deposit funds.
Other Categories of this broker
- CFD broker.
- Gold broker.
- Silver broker.
- Oil broker.
- Metatrader broker.
- Spread betting broker.
