Review of the stock broker CapTrader: understanding the activities
CapTrader is an international broker that operates online on the website captrader.com. The parent company “CAP Trader” is Interactive Brokers. Recently, the broker operated under the FXFlat brand, which raises some questions. We will conduct a detailed review, examine online reviews, and share the results.
Broker description
FXFlat, a German brokerage company, emerged after the reorganization of HeyderKrüger&KollegenGmbH. From the very beginning in 1997, the company offered conditions for traders with average income, officially starting its operations in the same year.
The broker offers trading in stocks, bonds, ETFs, options, and futures. IB is often mentioned in reports, hinting at a connection with Interactive Brokers. The client agreement is concluded through Interactive Brokers UK LLC, approved by SIPC and FINRA, as well as with FSCS protection and segregated accounts at Barclays Bank.
Registration process on the captrader.com website
- Completion of the W8BEN form with personal data, wallet selection, and initial deposit.
- W8 FORM for additional client information.
- Signing the user agreement.
- Verification process with a passport and proof of residence documents.
- Creating a demo account without providing documents.
Broker’s trading conditions
CapTrader offers trading in over 1.2 million assets, requires a minimum deposit of 2,000 euros, provides over 40 types of orders, and the ability to trade with leverage of 1:400. Variety of accounts and platforms, no monthly commission, and transparent spreads when trading forex are the main characteristics.
Trading platforms
- Trader Workstation,
- WebTrader,
- AgenaTrader and Mercury.
Use of IBKR Mobile and IBOT bot, as well as API interfaces for automated trading, is available to clients. CapTrader covers over 100 global exchanges from 26 countries, making it attractive to traders.
Deposits and withdrawals
- Deposit via credit card, online banking, or bank transfer.
- Withdrawal of funds exclusively by bank transfer.
Support on captrader.com
Contacting customer support through the toll-free hotline 00800-08723370, callback, ticket, or online chat. Clients leave neutral to positive reviews about the broker, noting the variety of assets and favorable conditions.
Review summary
CapTrader aims to provide clients with security and a variety of trading opportunities. Opinions on the broker’s fairness vary, but the favorable conditions and wide range of assets make it attractive to traders.
The decision to entrust your funds to the broker or not remains at the discretion of each investor. Be attentive and familiarize yourself with the details before making a decision.
