Capital Index Broker Review

Is Capital Index Safe?

Capital Index is regulated by the most traditional regulator, giving traders the security of knowing that their funds are secure. Capital Index Group has been regulated by the FCA (license 709693) since 04/12/2015, and the SCB (license SIA-F199) since 2019.

With the sporadic and enthusiastic industry praise for their commitment to quality services and their trading environment, Capital Index won awards for Best Forex ECN/STP Broker and Best Forex CFD Broker 2017 (UK Forex Awards) and Best STP Forex Broker 2016 (Online Personal Wealth Awards). These accolades are a powerful admission of quality and trust from the journalists who report on the industry.

Capital Index relies solely on the industry-standard MT4 platform for trading, which is a reliable software option founded on high-speed execution of trades and dependable data feed imports.

The sound software offering, traditional regulation and industry recognition for their quality in fulfilling trading services, makes Capital Index safe for traders.

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Trading Conditions

The trading conditions are why traders come to Capital Markets. Everything here is no-frills but sturdy, where the spreads that are published are closer to reality than what others in the industry publish as part of a marketing campaign.

Trading Accounts

Capital Index offers traders three different account types called Advanced, Pro and Black. With each increase in account type, expect tightening spreads and larger trading increments in exchange for more substantial deposits. The Advanced account has a minimum deposit of 100 GBP/EUR/USD, and the Pro account has a minimum of 5,000 GBP/EUR/USD. The Black account is an exclusive trading account with a minimum of 50,000 GBP/EUR/USD and is by invite only.

Each of the accounts offers a wallet in GBP, EUR or USD; no requotes, no dealing desk intervention, hedging and allows Expert Advisors.

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Display Name

Min. Deposit

Max. Leverage

Min. Spread

Commission

Advanced Account

USD 100

200:1

1.40

Spread Only

Account Details

Copy Trading

USD 500

200:1

1.40

Spread Only

Account Details

Pro Account

USD 0

200:1

1

Spread Only

Account Details

Spreads and Commissions

Spreads are from 1.4 on the Advanced account, 1.0 on the Pro account and 0.4 on the Black account. These are variable spreads that will increase in periods of low liquidity or during major economic events.

A commission is charged on trades in the Black account.

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Broker

Trading Conditions

Base Currencies

EURUSD (Standard)

Trading Cost (Standard)

EURUSD (Best)

GBPUSD (Best)

USDJPY (Best)

Commission

Capital Index

4.5/ 5

1.40 pips

USD 14

1.00 pips

1.30 pips

1.30 pips

USD 0

FXCC

5/ 5

EUR, USD, GBP

0.60 pips

USD 6

0.40 pips

0.40 pips

0.40 pips

USD 0

InstaForex

2/ 5

USD, EUR, RUB

3.00 pips

USD 30

3.00 pips

3.00 pips

3.00 pips

USD 0

Deposit & Withdrawal fees

Capital Index charges no fees for deposits or withdrawals on Bank Transfers, Debit or Credit Cards. If requested, a Bank Transfer can be processed the same day where an expediting fee of 15 GBP/EUR/USD will be charged.

Capital Index for Beginners

Capital Index is not intended for beginner traders, as educational material and analysis are minimal, and customer service works exclusively with account-related questions. Capital Index only supports MT4, and it is an almost certainty that a beginner trader will need assistance to set up the software and customize the settings before commencing to trade. As Capital Index lacks this support and documentation, it hardens our notion that Capital Index is designed for the veteran trader.

Educational Material

Trading guides are available which introduce basic trading concepts like currency pairs, risk management, and order types. Capital Index leaves the advanced trading education, videos or webinars to other industry players.

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Broker

Beginner Course

Advanced Course

Well Structured Education

Education Quality

Webinars

Capital Index

Yes

No

Yes

Medium

No

FXCC

Yes

No

Yes

Medium

No

InstaForex

No

No

No

Medium

No

Analysis Material

As with the educational material, Capital Index does produce in-depth reporting every month, but nothing significant coming from their analysts.

Customer Support

Customer support is available 24/5 via telephone, email and live chat. A robust complaints procedure is in place, as per regulation, and the customer support team operates under a mantra of treat clients fairly.

Capital Index Trading Platform

Capital Index solely supports the MT4 platform. MT4 is the usual choice for traditional STP brokers because it is the industry-leading platform due to its high-quality execution.

Clients find the software flexible, convenient, and adaptable to include Algorithmic trading through Expert Advisors or copy trading. Trading signals, along with technical Analysis and vast numbers of indicators and analytical objects, are fed into the platform offing traders powerful trading in one easy-to-use platform.

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Broker

Platform Choice

Copy Trading

Platforms

Capital Index

4/ 5

Yes

MT4

FXCC

4/ 5

No

MT4

InstaForex

4/ 5

Yes

MT4

MT5

 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Capital Index offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

HotForex Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Capital Index would like you to know that: CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

Overview

Capital Index is a traditional broker focused on delivering the best services to a self-sufficient experienced trader. With support for the MT4 platform, regulation and oversight from the FCA in the United Kingdom, and industry awards recognising this commitment to delivering STP/ECN trading services, Capital Index has a niche all to themselves.

Traders who are looking for tighter spreads and better trading conditions, with a focus on a quality trading environment above marketing campaigns, will find Capital Index a welcome choice.

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts.  She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.