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Capitalcore Review 2024

Written By

Christian Harris

Written By

Christian Harris

Christian is a seasoned journalist with decades of experience. He transitioned from tech journalism to finance to follow his interest in investing. He has been trading stocks, futures, forex, and cryptocurrencies for more than 5 years, becoming an eToro Popular Investor. With hands-on expertise across various assets, he offers valuable trading insights.

» Christian Harris Profile Page

Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Fact Checked By

Jemma Grist

Fact Checked By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Updated

Aug 20, 2024

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Available in United States

New Customer Offer 40% Deposit Bonus up to $2,500

Overall Rating

3.9 / 5

Capitalcore is #4 in our CFD broker rankings.

Customer Reviews (2)

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Customer Reviews

Regulation & Trust

3.3 / 5

Accounts & Banking

3.8 / 5

Assets & Markets

3.5 / 5

Fees & Costs

3 / 5

Platforms & Tools

3.8 / 5

Customer Support

3.5 / 5

Minimum Deposit $10

Trading Platforms WebTrader, Pro

Instruments Forex, Metals, Stocks, Cryptos, Futures Indices

Regulators IFSA

Account Currencies USD

Payment Options Ethereum Payments, Mastercard, Visa, Perfect Money, Bitcoin Payments, Debit Card, Credit Card, PayPal

Pros

• Unlike most brokers, Capitalcore offers an unlimited demo account that takes under 5 minutes to open.
• The support team are available 24/7 and responded within minutes during testing with helpful responses.
• The Capitalcore platform provides comprehensive charting tools and a wide range of 150+ technical indicators, ideal for detailed market analysis.

Cons

• Platform support is limited to proprietary software, so there's no integration with the market-leading MetaTrader or cTrader, which offer built-in economic news and support automated trading.
• The web platform was inconsistent during testing, with occasional technical glitches that meant the trading platform wouldn’t load.
• Capitalcore is not regulated by major financial authorities and has an unproven reputation, raising concerns about the safety of client funds.

This Capitalcore review examines the day trading experience. We’ve combined real-world testing with extensive research from our database of 500 brokers to provide insights into how Capitalcore compares to the competition.

Regulation & Trust

Capitalcore is not a trusted broker, with authorization from one ‘red-tier’ regulator and a short track record dating back to 2019.

Capitalcore is a registered trade name of Capitalcore LLC in Saint Vincent and the Grenadines, with company number 1608. It is regulated by International Financial Services Authentication (IFSA) with the code XM321B27.

Consider brokers regulated by reputable, ‘green-tier’ bodies like the FCA (Financial Conduct Authority) and ASIC (Australian Securities and Investments Commission). These regulatory agencies enforce strict guidelines designed to safeguard your assets.

Accounts & Banking

Live Accounts

Capitalcore offers a variety of account options to suit different trading needs and experience levels.

The good news is that all four account types allow you to trade forex pairs, stocks, metals, and indices. All accounts support scalping and hedging, but the tiered accounts cater to different traders’ needs.

The Classic account’s entry point boasts a low minimum deposit of $10, making it ideal for beginners to explore the platform without a significant financial commitment. As you progress and your comfort level increases, you can consider upgrading to Silver, Gold, or VIP accounts.

These require higher minimum deposits ($1,000, $1,500, and $2,500, respectively) but may unlock additional features or benefits such as leverage (up to 1:2000), stop-out (10% minimum), and margin call (20% minimum) levels, spreads (down to 0.3 pips), maximum live accounts (up to 50), and access to free VPS.

The lack of PAMM (Percentage Allocation Management Module) accounts may deter money managers, especially when they are readily available at alternatives like Vantage.

Demo Accounts

Unlike the majority of brokers we’ve evaluated, Capitalcore’s demo accounts have unrestricted time limits and have proven valuable tools.

They allowed me to experiment with various instruments and leverage levels for forex strategies. This hands-on experience helped me build confidence in the platform and Capitalcore as a broker before risking real capital in the live market.

Deposits & Withdrawals

Capitalcore offers a practical selection of deposit options, which should help ensure a smooth and efficient experience regardless of location.

Whether you prefer traditional options like Visa, Mastercard, PerfectMoney, or PayPal, or the convenience of cryptocurrencies like Bitcoin and Ethereum, you’re likely to find a suitable way to fund your trading account.

The minimum deposit varies depending on payment methods, from $1 to $50. All deposits are converted to USD to trade, as Capitalcore doesn’t offer a choice of base account currencies like most other brokers.

IC Markets, by comparison, allows traders to open an account in one of 10 supported base currencies: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, or CAD.

Like some other offshore brokers trying to entice traders from around the globe, Capitalcore offers a 40% bonus on each deposit, regardless of account type. However, we do not recommend choosing a broker based on their trading promotions, many of which are prohibited in heavily regulated jurisdictions, such as the EU and UK.

Assets & Markets

Capitalcore offers a small selection of conventional trading assets, including major currency pairs, prominent stock indices, key cryptocurrency pairings, and a limited number of other CFDs. There are no real stocks, real ETFs, or options.

As a comparison, eToro offers a more extensive range of cryptocurrencies, while IG and FOREX.com provide more comprehensive coverage of global markets, including stocks, ETFs, and bonds.

Capitalcore lets you trade six major cryptocurrencies, but through CFDs. This means you don’t own the underlying coins themselves, and you’re speculating on price movements without actually owning the asset.

Capitalcore’s leverage options, notably the maximum forex leverage of 1:2000, are significantly higher than many regulators consider appropriate. In comparison, major forex markets in Europe and Australia typically allow maximum leverage of 1:30, while Canada and the US limit it to 1:50.

This vast difference highlights the potential risks associated with trading on Capitalcore, as higher leverage can magnify losses and gains.

Christian Harris

Author

Capitalcore also lacks a proprietary copy trading service, which may be a drawback for beginner traders, and they don’t offer interest payments on unused cash reserves.

Consider eToro if you’re interested in earning interest on cash sitting in your account, as they offer returns of up to 5.3% annually, plus a market-leading social trading service which I use myself.

Fees & Costs

Capitalcore tailors its trading costs (spreads) to your account type. For instance, the AUD/NZD pair starts with a broader spread of 5.5 pips on the Classic and Silver accounts. If you upgrade to a Gold account, the spread narrows to 3 pips, and it goes even lower at 1.5 pips for VIP accounts.

Higher tiers can offer more cost-effective trading, which is particularly advantageous for scalping small price movements. Capitalcore also doesn’t charge commissions on any instrument or account.

Still, its spreads are generally wider than market leaders, notably IC Markets, which will be a key consideration for many active traders.

I was amazed to discover Capitalcore don’t charge swap fees, no matter how long you hold a trade open – a first in my years of online trading.

Christian Harris

Author

Capitalcore doesn’t charge for deposits, but there is a 1% charge when adding funds using PerfectMoney. While PayPal is an option, withdrawals using this method incur a 5% fee. Consider using an alternative method for cost-effective transactions.

Cryptocurrencies also incur a network fee when withdrawing. So, it would help to consider how you deposit and withdraw because funds are returned to the original deposit method in the same currency.

Platforms & Tools

Capitalcore offers two variations of its proprietary platform to accommodate different trader preferences. Both platforms (WebTrader and Pro Platform) are user-friendly and easy to learn, making them ideal for beginners.

Still, experienced traders might find them lacking in advanced features compared to platforms like MetaTrader 4 or cTrader, and it’s rare to find a broker that doesn’t offer either of these popular third-party solutions.

While I’m not a fan of MetaTrader, many traders might be disappointed that the platform isn’t supported because it’s widely used and provides advanced charting and analysis tools (including EAs) for more experienced traders.

Christian Harris

Author

Nonetheless, Capitalcore has done a great job with its charting platform. Powered by TradingView, WebTrader is sleek and uncluttered and makes trading on a desktop or mobile device effortless, accompanied by more than 100 technical indicators and drawing tools.

The Pro Platform version strips away WebTrader’s interface to provide a more ‘vanilla’ TradingView experience. There are no additional tools, so it’s purely a personal presence, whichever interface you prefer. I favor the WebTrader interface.

Research

Capitalcore focuses solely on order execution, which means they don’t offer some of the bells and whistles found at other brokers, notably IG, which has a comprehensive suite of research features.

You won’t find real-time news feeds, integrated economic calendars with market impact highlights, or direct access to research and analysis from trusted sources at Capitalcore.

This need for integrated information tools might make it trickier to stay on top of market developments and inform your day trading choices.

And while some brokers compensate for a lack of in-house research by partnering with established providers like Trading Central or Autochartist, Capitalcore disappointingly lacks these features. That said, they have updated their ‘Market News’ blog with interesting technical and market analysis.

Education

Capitalcore offers a tiny library of written resources for forex trading beginners. These resources cover the basics, such as ‘What is forex trading?’ and ‘Coins vs. Tokens.’ In addition, they provide a useful glossary of terms and a frequently asked questions section.

Absolute beginners will appreciate the effort, but these basic educational resources are lacking compared to leading brokers CMC Markets and eToro, which provide extensive educational resources, including webinars, tutorials, and market analysis, to help you make informed decisions.

Customer Support

Capitalcore provides 24/7 customer support through various channels, including live chat, email, ticket system, and phone (not localized), in case you have any questions about your whole experience with Capitalcore, from registration to withdrawal.

When testing the trading platform, I had many questions, and the live chat support was always fast to respond and very knowledgeable. When a staff member couldn’t answer me immediately, they emailed me a reply later.

I also liked that I could access the support ticket system and live chat from my client dashboard rather than having to go to the broker’s main website. However, Capitalcore should also display contact phone numbers in the dashboard for completeness.

Christian Harris

Author

One area for improvement is the social media links on the broker’s website, which don’t all open active channels. Capitalcore should address this immediately because dead links and empty social media channels harm the brand image.

Should You Trade With Capitalcore?

Capitalcore offers a solid trading platform with competitive features, making it a viable option for many traders, especially those with small accounts.

However, compared to more established brokers, Capitalcore needs to improve in areas like regulation, tradable instruments, and educational resources.

FAQ

Is Capitalcore Legit Or A Scam?

Capitalcore is a legitimate trading platform but they are not regulated by major financial authorities, which raises concerns about oversight and security. While they offer responsive support, traders should exercise caution and conduct thorough research before committing funds.

Is Capitalcore A Regulated Broker?

‘Capitalcore LLC’ known as Capitalcore, is a company registered in Saint Vincent and the Grenadines. IFSA regulates it with the regulatory code XM321B27.

Operating without regulatory oversight from any major financial authority carries significant risk, and your funds may not be protected in case of unforeseen circumstances, such as when the broker is facing financial difficulties.

Is Capitalcore Suitable For Beginners?

Capitalcore offers a user-friendly interface and multiple account types, including those with lower minimum deposits, making it suitable for beginners. However, the lack of regulatory oversight and comprehensive educational resources may pose risks for new traders.

Does Capitalcore Offer Low Fees?

Capitalcore offers modest spreads. The exact fee structure can vary based on the account type, but generally, spreads are transparent. Capitalcore’s major benefits are low minimum account deposits, and no commission or swap fees applied to any instruments.

Is Capitalcore A Good Broker For Day Trading?

Capitalcore offers an intuitive and easy-to-navigate platform, which is beneficial for day traders who need to execute trades quickly and efficiently. The platform also provides advanced charting tools and a range of technical indicators. No commission across all instruments should appeal to high-frequency traders.

Still, there is a narrow selection of instruments, which could limit opportunities for diversification and trading strategies.

Top 3 Alternatives to Capitalcore

Compare Capitalcore with the top 3 similar brokers that accept traders from your location.

1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
   Go to IG
2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
3. Plexytrade – Established in 2024 and headquartered in Saint Lucia, Plexytrade is an ECN/STP broker. Geared towards active traders, it supports four account options, crypto deposits and withdrawals, plus very high leverage up to 1:2000 made possible by its unregulated status.
   Go to Plexytrade

Capitalcore Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Capitalcore and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Capitalcore vs Other Brokers

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