CapPlace’s CFD trading platform gives access to CFD assets like cryptocurrencies, forex, and commodities. It has become a key player in the crypto market due to its competitive fees, quality service, and performance. Both novice and experienced traders can use the CapPlace trading platforms, which are designed with advanced tools and a user-friendly interface to ensure proficient trading. We have prepared this CapPlace review to discuss the platform’s key features, pros and cons, and how the platform serves traders of all experience levels.
CapPlace Overview
| Official Website | https://www.capplace.com/ |
| Foundation Year | Unknown |
| Headquarters Country | Comoros |
| Regulations | MISA (MWALI International Services Authority) |
| Supported currencies | EUR, USD, GBP, JPY |
| Products | Forex CFDs, Cryptocurrency CFDs, Commodities CFDs, Shares CFDs, Indices CFDs & Metals CFDs |
| Min Deposit | $250 |
| Max Leverage | 1:200 |
| Trading Desk Type | Electronic Communication Network (ECN) |
| Trading Platforms | Webtrader, Mobile App |
| Deposit Options | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard |
| Withdrawal Options | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard |
| Demo Account | No |
| Islamic Accounts | No details |
| Customer Support | Email, Phone, Live Chat & Contact Form |
Our Take On CapPlace Broker
- Regulation and Security – CapPlace is regulated by the MWALI International Services Authority (MISA). This correlates with lower risk since there is a higher guarantee about the broker’s trading practices and user protection.
- Platform Options – CapPlace trading platforms are designed for different trading strategies and lifestyles. The WebTrader and mobile application offer features perfectly optimized for all devices and screen sizes.
- Competitive Spreads – The minimum spreads offered start at 0.01 pips. CapPlace has higher spreads for most commodities and forex pairs, while lower spreads are typically reserved for oil and gold.
- Educational Resources – The educational section might appear inadequate and unimpressive at first glance, but we found FAQs and customer support enough to help beginners improve their trading skills and strategies.
- Limited Asset Selection – CapPlace offers over 350 trading instruments, including commodities, crypto, forex, and stocks.
CapPlace Pros and Cons
| Pros | Cons |
| Offers web-based platform and mobile app. | Lack of educational resources. |
| Low trading fees and no account maintenance charges. | No algorithmic trading features. |
| Maximum leverage of 1:200. | High minimum deposit requirement. |
| Access to various financial instruments. | |
| Supports three types of accounts – Silver, Gold, and Platinum. |
Key Features and Services
CapPlace is more than just a forex trading platform committed to providing transparency, advanced trading features, and much more. Following is the list of key features and services offered by CapPlace –
Security and Regulation
CapPlace is regulated and supervised by the MISA (MWALI International Services Authority) in Comoros. It ensures that trading activities within the website are operated with high standards of CFD practices. CapPlace is also licensed under MISA (license number T2023294 and registered in Comoros.
CapPlace implements stringent security features like multiple encryption layers, intrusion detection systems, and firewalls to protect clients from cyber threats. All CapPlace transactions are secured with encrypted and transparent payment methods and convenient deposit and withdrawal limits. CapPlace also adheres to the best practices in the industry and compliance standards to maintain its security protocols.
Trading Platform and Tools: Experience
- WebTrader: The CapPlace trading platform, WebTrader, can be accessed with a stable internet browser. It offers an intuitive interface with an array of trading features and tools, such as indicators and charts. With WebTrader, we can instantly access market data, news, and alerts in real-time and focus on trading with easy navigation.
- MobileTrader (MobileApp): CapPlace’s dedicated mobile trading app offers the full capabilities of the desktop version on a tablet or smartphone. The app’s design is made for trading on the go without sacrificing any trading features. It also features robust security measures and real-time alerts and notifications that keep readers on their toes with order placement.
Commission and Fees
A spread is the difference between any financial instrument’s lower bid and higher buy price. They are dynamic and can vary based on the asset’s market conditions. Spreads on the CapPlace forex broker are variable, starting at 0.1pips. The website offers spread discounts for Gold and Platinum account holders.
While CapPlace does not take any deposit or withdrawal fees, commissions might be imposed by payment service providers and banks. Therefore, clients must be aware of the commissions before registering.
Unlike other trading platforms, CapPlace does not charge inactivity or rollover fees. However, several users’ CapPlace reviews state that there might be an overnight fee, which refers to a small payment charged if the clients hold a CFD position overnight. Before joining the platform, traders must be aware of all the CapPlace trading fees.
Account Types:
To cater to traders with different investment needs and experience levels, CapPlace provides three types of accounts – Silver, Gold, and Platinum. Let’s take a look at the key features of the three CapPlace accounts mentioned in the table below –
| Silver | Gold | Platinum | |
|---|---|---|---|
| Swap Discounts | None | 40% of Silver | 60% of Silver |
| Leverage | Up to 1:200 | Up to 1:200 | Up to 1:200 |
| Spread Discounts | None | 50% of Silver | 75% of Silver |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 |
| Stop-out Level | 5% | 5% | 5% |
Account Opening Process, Deposits, and Withdrawals
To create an account on the CapPlace trading platform, follow the steps mentioned below –
- Go to the official website of the CapPlace broker and click on the “Open an Account” tab in the upper right corner of the landing page.
- Fill out the registration field with personal information and other details.
- Carefully read all the terms and conditions and check the box to agree.
- Choose any one of the three accounts offered.
- Fund with a minimum amount to start trading
Deposits:
- Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
- Processing Times: Instant
- Minimum Deposit: $250
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Withdrawals:
- Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
- Processing Times: up to 72 hours
- Minimum Withdrawal: No minimum amount
Tradable Instruments
CapPlace offers over 350 trading instruments to meet its clients’ diverse trading strategies and interests. Traders in many CapPlace reviews state that users can access global markets that offer everything from high-volatility CFDs to cryptocurrency CFDs.
Here are the tradable instruments that CapPlace offers –
- Forex CFDs – CapPlace offers tradable major, minor, and exotic CFD forex pairs with high liquidity, low spread, and 24×5 market access.
- Crypto CFDs – Trade across a wide range of altcoins, including Bitcoin and Ethereum, in the highly volatile crypto market.
- Metals CFDs – Diversify your portfolio with gold, silver, and other time-tested precious metals to hedge against economic uncertainty and inflation.
- Commodities CFDs – Access key commodities such as oil, natural gas, gold, and silver, which provide diversification opportunities and exposure to global markets.
- Shares CFDs – Trade CFDs on stocks of leading global companies across technology, consumer goods, and more sectors.
- Indices CFDs – Invest in global indices like the S&P 500 or Nikkei 225, enabling you to benefit from the performance of entire market segments.
Customer Support
CapPlace offers above-par customer support features. Registered traders on the forex brokerage platform can connect with support agents via live chat, phone, and email. Generally, live chat queries are resolved instantly, while email queries are reverted within 24 hours.
The multilingual customer support offers services in English, Hindi, and Japanese to cater to the wider section of the trading community.
CapPlace users can send their queries to [email protected] or dial the following numbers– +815031264259 or +918657938588. CapPlace also has a dedicated FAQ section on the official website that answers the most commonly asked questions on account creation, deposits and withdrawals, and trading.
Research and Educational Resources
Traders on the CapPlace trading platform will find trading tools that help them with their analysis. From real-time data to TradingView charts and analysis recommendations, there is something for traders of all experience levels.
As per our CapPlace review, it provides access to market insights from experts who help make sound trading decisions. It also features a financial calendar to keep users updated with important financial releases and economic events.
Although the educational section is lacking compared to other forex and CFD brokers, the range of analysis tools and the availability of demo accounts make the platform beginner-friendly.
Our Conclusion
To sum up our CapPlace app review, the forex broker is a solid choice for forex traders. Its intuitive web and mobile application allows easy financial market exploration and trade execution. With a maximum leverage of up to 1:200, traders can maximize returns and trade effectively. CapPlace is suitable for both beginners and experienced traders, as it has demo accounts and advanced trading tools. User’s CapPlace reviews have given the platform good ratings for its range of account types and convenient fees and commissions.
FAQs
Q. Does CapPlace offer advanced charting tools and technical indicators?
Ans: Yes, CapPlace offers advanced charting tools, technical indicators, and automated trading systems.
Q. Does CapPlace support algorithmic trading or provide APIs for third-party trading platforms?
Ans: No, CapPlace does not have algorithmic trading or APIs for third-party trading platforms.
Q. Does CapPlace offer stop-loss and take-profit orders and trailing stop orders?
Ans: No, stop-loss, take-profit, or trailing stop orders are not available on CapPlace.
Q. How does CapPlace handle negative balance protection?
Ans: CapPlace does not offer negative balance protection.
Q. Are there any hidden fees or charges associated with CapPlace?
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Ans: No, CapPlace clearly mentions all its fees and commissions associated with trading.
Q. Does CapPlace offer two-factor authentication and other security features?
Ans: Yes, CapPlace employs top-notch security measures, including multi-layer encryption and two-factor authentication protocols.