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What is Capital Index?
Capital Index (UK) was founded in 2010 and it is incorporated in England and Wales (UK).
Capital Index is regulated by the Financial Conduct Authority. and operates under the FRN 709693, which effectively makes Capital Index an FCA-regulated broker in the United Kingdom.
Although Capital Index is a relatively new forex and CFD broker, it has made a great start and attracted a lot of retail and institutional clients from the British market. Over the past year, it gained the trust of retail traders by offering top-of-the-line customer service and one of the best order execution records in the Forex industry.
Regulation & Trust
Is Capital Index a good and regulated broker?
Capital Index is a regulated financial firm UK clients by the FCA ( FRN 709693).
Following the FCA requirements, all their client funds are segregated into separate accounts, and you are will be able to claim up to £85,000 from the Financial Services Compensation Scheme (FSCS) in the event of broker liquidation ( * Only UK customers).
Besides the FCA, also they are regulated by the Securities Commission of the Bahamas (registration number SIA-F199).
Trading Platforms & Tools
Capital Index is a traditional MetaTrader 4-based broker and currently only offers the MT4 platform for Windows desktops. Customers of Capital Index can also download the MT4 mobile trading platform on their Android and iOS devices in order to access their Forex account on the go.
Although Capital Index does not offer any other platform besides the popular MT4, it does offer a few plugins to amply the features of the built-in MT4.
How many assets can be traded at CapitalIndex?
You can trade over 60 currency pairs, CFDs and spread betting.
What are their Spreads?
All 3 accounts come with variable spreads, where minimum spreads are likely to remain around 1.4, 1.0 and 0.4 pips, respectively.
We’ve found that their average spreads are very high (1.4 pips EUR/US) if you go for their basic account (Advanced).
What are their fees and commissions?
XTrade.com don’t charge commissions on Advanced & Pro accounts.
What is their max leverage?
They offer up to 30:1 leverage on all of the forex instruments, and 20:1 on CFDs.
Research & Education
They only provide trading guides and an economic calendar.
Type of Accounts
Capital Index has structured its trading accounts to cater to both new and experienced Forex traders. Currently, they offer three different types of accounts that cater to the different types of needs of a range of traders.
The first type of account offered by Capital Index is the AdVANCED account. The minimum deposit is $100. Spreads are from 1.4 pips, But, with no commissions, which is pretty nice for beginner traders.
On the other hand, its PRO account offers much better spreads, from 1.0 pips, and the requirement is a min.deposit of $5,000.
In contrast, the BLACK account requires the minimum deposit size to be at least $50,000, but with competitive spreads.
Capital Index Demo Account
You can enjoy a free demo account to test their MT4 trading platform.
What is the minimum deposit?
Their minimum deposit is $100.
Capital Index has an office in London and the Bahamas, and customers can easily avail of customer support by calling +44 207 0605120 (UK), or +1 844 8074302 (Global).
Besides calling, customers can also send emails to their customer support at firstname.lastname@example.org
During our research for this review, we’ve found that Capital Index has no live chat option listed on their website.
Capital Index hosts its MetaTrader 4 servers in the UK and US-based LD4 and NY4 data centres, respectively. These two data centres are known to handle the majority of the world’s global currency transactions. Hence, Capital Index users would benefit greatly in terms of faster order execution as the MT4 server is located in the same data centre with other large-scale banks and financial institutions.
They would be more eager to attract and retain clients compared to more established brokers in the forex markets.
About the authors
Market Analyst / Trading Consultant . Asif worked as a prop trader for almost a decade, and later he managed trading operations for one of the largest foreign exchange strategy developers in Europe. Currently, he works as a trading consultant to several brokers and writes about various tech and financial topics. You can reach him at email@example.com
John Stuart is the editor’s chief of BrokerTrending and our expert broker. He has been in the online trading business for over 12 years, and he knows everything there is to know about the stock and forex market. When he’s not giving advice to the top investors, John can be found spending time with his wife and two children.