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CapoTrade is an established binary options broker, operated by the company Spot Capital Markets Ltd, which is licensed and regulated by CySEC since 2013.
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The minimum deposit starts at $200, which is slightly lower than the industry standard of $250, while the minimum trade amount starts at $5.
On opening account, all traders are required to submit several personal identification documents in order to verify your details and ensure that traders’ accounts are as protected as possible.
They offer 4 account types, all of which offer CFD trading as well as binary options. The payout ranges from 82-88%. Superior account types come with trading signals, higher pay-outs on popular assets, 1 free withdrawal a month, as well as a personal account manager.
Unfortunately, this broker only offers the option of demo account with the Professional and VIP accounts, which have higher minimum deposit requirements. Demo accounts are a handy feature for traders to test out the platform with virtual funds before trading any real money.
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CapoTrade uses the well-known SpotOption software for its trading platform. The broker offers a generous variety of assets, more than 180 in all, across 20 international markets. From popular currency pairs (EUR/USD, USD/CHF) to commodities, stocks and indices too, traders will definitely be spoilt for choice.
There are 6 different option types available; Classic, 60 Seconds, long-term, one touch, pair and ladder options.
Moreover, traders have the option of trading on the go as the platform is accessible on mobile devices for both Android and Apple devices.
The CapoTrade platform also includes some useful trading tools such as:
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CapoTrade support options are quite varied, and the broker claims to offer 24/5 multilingual support.
Traders may get in touch by email or by filling out a generic form on the ‘contact us’ page, however, we found the live chat option to be the most useful as there is always a support agent online to answer all of your queries there and then.
They also provide two contact telephone numbers for traders from Cyprus and the UK.
Additionally, traders can find an Academy section replete with online video tutorials, daily market updates, and an economic calendar. There is also a frequently updated Live news section so traders can keep up with industry trends.
Account holders are also entitled to one-on-one coaching.
Their website is available in 8 major languages; English, French, German, Italian, Spanish, Russian, Polish and Arabic.
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CapoTrade offers all the most popular payment methods so deposits and withdrawals are a relatively easy process. From e-wallets (Skrill, Neteller, WebMoney, Paysafe card) to credit cards (Visa, Mastercard, Maestro), as well as a wire transfer option, traders should have no problems funding their account.
When it comes to withdrawals, a withdrawal form, provided under the My Account/Withdrawal section, must be signed and emailed back to the broker. Traders must then allow up to 3 days for CapoTrade to process the request and it could take a further 5 days for the funds to be transferred to traders’ accounts. All withdrawal methods are subject to a $10 fee.
As already mentioned, this broker is a brand of Spot Capital Markets Ltd., a Cyprus Investment Firm, holding license number 210/13. The fact that they are regulated by a reliable financial authority is a positive sign in times when the binary industry is coming under fire from a variety of authorities, including Europol.
Trading with a regulated broker signifies that traders will be protected to a certain extent, as these firms are required to abide by certain standards and will have to answer to the appropriate authorities in the event of trader complaints.
Additionally, as a member of the Investor Compensation Fund, CapoTrade clients are also insured up to a maximum of €20.000, in the unlikely event that the company is unable to fulfil its financial obligations.
We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!
