Capital Index Review

Capital Index

  • Regulation : CySEC, MiFID, FSA
  • Country : Cyprus
  • U.S. Clients Allowed : No?
    Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
    See our list of recommended brokers that do accept US traders.
* Ranked #308 of 316 in DailyForex's top broker list

Info

Name : Capital Index
Website : capitalindex.com
Established : 2014
Country : Cyprus
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Demo and Islamic Accounts
  • Choice of Several Trading Accounts

Disadvantages

  • Scant Platform Information
  • Only One Bonus

Capital Index Review

Capital Index Review

Capital Index is a financial spread betting, spread trading and CFD trading company headquartered in Limassol, Cyprus, with an FCA registered branch in the heart of the City of London. It was founded in 2014 and is a regulated EU broker licensed by Cyprus Securities and Exchange Commission (CySEC). It offers over 95 Forex currency pairs, indices, CFDs, commodities and precious metals.

Money received by clients are held in the client’s behalf in strict accordance with MiFID regulations and the funds are held in segregated trustee client accounts which are entirely separate from the bank accounts used for the running of Capital Index. The segregated accounts are held with a top tier UK bank, Barclays Bank Plc. in London.

Accounts

Capital Index offers three different trading accounts. The Classic account has no minimum deposit requirement and uses fixed spreads. There is no commission or telephone trading and there is no VPS service. Leverage is offered at 1:100 and spread betting is permitted.

Account Types
Account Types

The Advanced account requires a minimum deposit of $100 to start and the maximum leverage is 1:200. Trading via the telephone is accepted and there is VPS service. The Advanced account uses variable spreads and spread betting is allowed. There is no commission.

The Pro account uses variable spreads as well. $500 is needed to open a Pro account which has a commission of $3.50 per lot on FX trades. Telephone trading cannot be done with this account and neither is spread betting accepted. Leverage of 1:200 is offered.

All three accounts provide traders with the opportunity to participate in all the educational tools offered by the broker including free seminars and free webinars. The MT4 platform is available for all account holders.

Applications for individual as well as joint accounts are available on the Capital Index website.

It was nice to see that a demo account is offered for traders with little background in currency trading who would benefit from some risk free practice trades.

An Islamic account is also provided for those keeping Sharia laws.

Features

Capital Index offers VPS service to holders of the Advanced and Pro accounts.

A VPS simply means a “Virtual Private Server” and it is one of many virtual computers running on a single server. A VPS runs 24 hours a day, 7 days a week, completely uninterrupted and on VPS the platform is running on a remote server that is accessible any time from any computer, tablet or smartphone connected to the internet.

A MAM (multi-account manager) solution is available which allows fund managers to trade from a single account for multiple clients simultaneously and make the distribution of profits and losses in a proportional manner between these clients. MAM involves master accounts, used by fund managers, and slave accounts/sub-accounts that repeat all trades from their corresponding master account proportionally to their balance.

Several different partnership arrangements are available that are ideal for individuals and institutions who wish to earn commission by directing new clients to Capital Index. These include programs for introducing agents, affiliates, regulated firms and white labels.

Deposits/Withdrawals

Deposits methods accepted by Capital Index are limited to Credit and Debit cards as well as bank wires.

The broker has just introduced a new withdrawal option – the Intercash Prepaid MasterCard. Now funds can be accessed instantly without withdrawing them first to a bank account.

Education

In their education section, traders can find some interesting lessons for both novice and experienced traders. Textual explanations on the basics of Forex trading and how to go about trading currencies are accompanied by seminars and webinars that are offered to all traders.

A nice feature is their market commentary which is an account of events that will take place during the coming week in the financial marketplace such as reports, policy meetings etc.

Market Analysis
Market Analysis

In addition, the economic release calendar has an up-to-the-minute listing of upcoming economic events scheduled throughout the world.

There is a full financial glossary and the FAQ section is never ending and informative. Some of the topics covered in the glossary appear again in more detail in the FAQ listing.

Bonuses/Promotions

There was only one bonus offered at the time of this review. Anyone making a first deposit into a Capital Index account received a bonus of up to $10,000.  Additional information about the terms and conditions of this bonus were not provided on the site. I assume that after one is registered and an account opened, more details would become available.

Customer support

Clients can contact a Capital Index representative via email or by phone to their Cyprus office 24/5. Live Chat is also available. The website is provided in English only.

The trading hours are 24 hours per day, starting at 00:00 Monday and closing at 24:00 Friday UK time + 2.

Conclusion

Capital Index has something for everyone. Although it is a recent entry into the Forex industry, there are many up-to-date features that make this broker worth a second look. I would have liked to see more information about their platform features.

In addition, the economic release calendar has an up-to-the-minute listing of upcoming economic events scheduled throughout the world.

There is a full financial glossary and the FAQ section is never ending and informative. Some of the topics covered in the glossary appear again in more detail in the FAQ listing.

Bonuses/Promotions

There was only one bonus offered at the time of this review. Anyone making a first deposit into an account received a bonus of up to $10,000. Additional information about the terms and conditions of this bonus were not provided on the site. I assume that after one is registered and an account opened, more details would become available.

Customer support

Clients can contact a Capital Index representative via email or by phone to their Cyprus office 24/5. Live Chat is also available. The website is provided in English only.

The trading hours are 24 hours per day, starting at 00:00 Monday and closing at 24:00 Friday UK time + 2.

Conclusion

Capital Index has something for everyone. Although it is a recent entry into the Forex industry, there are many up-to-date features that make this broker worth a second look. I would have liked to see more information about their platform features.

Advantages

  • Demo and Islamic Accounts
  • Choice of Several Trading Accounts

Disadvantages

  • Scant Platform Information
  • Only One Bonus
Review info :
Broker reviewed : Capital Index Rating : 3 out of 10
Reviewed By : Review Date :