Capital Index Broker Review

Author By Jeffrey Cammack
Updated: September 24, 2021
Overall Rating
3.94 3.94 / 5
Rated #42 of 68 Recommended Brokers
Min. Deposit
GBP 100
Regulators
Trading Desk
Trading Cost
USD 14
Website Language
English, Vietnamese
Support Language
English, Vietnamese
AlertAccepts Indian Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Capital Index is regulated by the FCA.

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Summary

Capital Index is a pure-STP broker, founded in London in 2014 by industry veterans who wanted to create a broker for serious traders. It quickly started winning awards, including STP/ECN broker of the year, and has grown substantially ever since.

Capital Index has taken a simple approach, with decent spreads across three account types, FCA regulation and MT4 support rounding out a solid offering aimed at experienced traders looking for a no-frills approach.

Reviews

Regulation
111104/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110002/ 5
Assets Available
11110.54.5/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Bonuses
$50 Welcome Bonus

Account Information

Base Currencies
Number of FX Pairs
53
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0 pips
Commission
1 USD / lot - Black Account
EUR/USD
1.00 pips
GBP/USD
1.30 pips
USD/JPY
1.30 pips
Max. Leverage
30:1

Company Details

Company Name
Capital Index Group
Founded
2015
Office Locations
United Kingdom

Pros

  • Tight spreads
  • Fast and free withdrawals
  • Wide range of assets

Cons

  • Limited platform choice
  • Limited education
  • No swap-free account option

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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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Additional Fees
FCA
BaFin
Fi
ECN/DMA
2015
United Kingdom
Express withdrawals fee

 

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.

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Capital Index
11110.54.5/ 5
1.40 pips
USD 14
1.00 pips
1.30 pips
1.30 pips
USD 0
FXCC
111115/ 5
EUR, USD, GBP
0.60 pips
USD 6
0.40 pips
0.40 pips
0.40 pips
USD 0
InstaForex
110002/ 5
USD, EUR, RUB
3.00 pips
USD 30
0 pips
0 pips
0 pips
USD 0

 

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
500:1
1.40
None
Account Details
Copy Trading
USD 500
200:1
1.40
None
Account Details
Pro Account
USD 5000
500:1
1
None
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.

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.

Analysis Material

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

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Capital Index
Medium
FXCC
Medium
InstaForex
Medium

 

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.

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Broker
Platform Choice
Copy Trading
Platforms
FXCC
111104/ 5
InstaForex
111104/ 5

 

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.

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.

AlertAccepts Indian Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Capital Index is regulated by the FCA.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.94/ 5
GBP 100
FCA Regulated Brokers
Bundesanstalt für Finanzdienstleistungsaufsicht
Finansinspektionen
ECN/DMA
Commodities
Forex
Indices
53
0
  • Tight spreads
  • Fast and free withdrawals
  • Wide range of assets
  • Limited platform choice
  • Limited education
  • No swap-free account option
111104/ 5
11110.54.5/ 5
111104/ 5
11110.54.5/ 5
110002/ 5
11110.54.5/ 5
1110.503.5/ 5
84% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Advanced Account
Copy Trading
Pro Account
Bank Transfer
Visa
Mastercard
1 USD / lot - Black Account
1110.503.84/ 5
USD 0
CySEC Regulated Brokers
ECN/DMA
STP
Forex
Metals
Cryptocurrencies
Energies
71
0
  • Tight spreads
  • MT4 only
  • Limited education
  • Limited market analysis
  • Expensive withdrawals
  • High minimum deposit
1110.503.5/ 5
111115/ 5
111104/ 5
111003/ 5
110.5002.5/ 5
11110.54.5/ 5
1110.503.5/ 5
66% of retail investor accounts lose money when trading CFDs with this provider
500:1
0.10 pips
ECN Advanced
ECN Standard
ECN XL
Visa
Mastercard
Neteller
Skrill
Bank Transfer
Unionpay
None
1110.503.32/ 5
USD 1
CySEC Regulated Brokers
British Virgin Islands Financial Services Commission
ECN/DMA
Commodities
Forex
Stock CFDs
110
11
  • Wide range of assets
  • Copy trading accounts
  • Expensive withdrawals
  • Limited education
  • Wide spreads
1110.503.5/ 5
110002/ 5
111104/ 5
111104/ 5
111003/ 5
1110.503.5/ 5
111104/ 5
71.71% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Cent.Eurica
Cent.Standard
ECN Pro
ECN VIP
ECN/ECN Scalping
Eurica account
Insta.Eurica
Insta.Standard
Islamic
OYS Account
Standard account
Bank Transfer
Visa
Mastercard
Skrill
Neteller
Bitcoin
Unionpay
Broker to Broker
Fees Included in Spread
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