Capital.com offers several account types tailored to meet the diverse needs of traders, from beginners to experienced professionals. Heres a detailed overview of the available account types:
1. Standard Account
- Minimum Deposit: $20
- Spread/Commission Structure: Commission-free with spreads starting from 0.6 pips.
- Leverage Options: Up to 1:30 for retail clients.
- Key Features: Access to over 4,500 markets, educational resources, and a user-friendly interface.
- Target User Profile: Beginners and retail traders.
- Trading Instruments Available: Forex, stocks, commodities, indices, and cryptocurrencies.
2. Professional Account
- Minimum Deposit: Not specified, but higher than Standard.
- Spread/Commission Structure: Commission-free with tighter spreads and potential rebates.
- Leverage Options: Up to 1:500 for eligible clients.
- Key Features: Higher leverage, dedicated account manager, and access to exclusive events.
- Target User Profile: Experienced traders and professionals.
- Trading Instruments Available: Similar to the Standard account with additional features.
3. Islamic Account
- Minimum Deposit: $20 (same as Standard).
- Spread/Commission Structure: Similar to Standard accounts but swap-free.
- Leverage Options: Up to 1:30 for retail clients.
- Key Features: Compliance with Sharia law, no swap fees.
- Target User Profile: Muslim traders seeking Sharia-compliant trading options.
- Trading Instruments Available: Forex, stocks, commodities, indices, and cryptocurrencies.
4. Demo Account
- Minimum Deposit: Virtual balance (typically $10,000).
- Spread/Commission Structure: Same as live accounts.
- Leverage Options: Same as live accounts.
- Key Features: Risk-free environment to practice trading strategies.
- Target User Profile: Beginners and those wanting to test strategies without financial risk.
- Trading Instruments Available: Access to the same instruments as live accounts.
Recommended Account Types by Trader Level
- Beginners: Standard Account or Demo Account.
- Intermediate Traders: Standard Account or Islamic Account.
- Advanced Traders: Professional Account.
Comparison of Features Across Different Account Types
Advantages of Each Account Type
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Standard Account:
Low minimum deposit.
User-friendly interface.
Access to educational resources.
Professional Account:
Higher leverage options.
Dedicated account manager.
Potential for spread rebates.
Islamic Account:
Compliance with Sharia law.
No swap fees.
Demo Account:
Risk-free environment.
Practice trading strategies without financial risk.
Disadvantages of Each Account Type
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Standard Account:
Limited leverage compared to professional accounts.
Professional Account:
Higher minimum deposit may be required.
Not available to all traders (eligibility criteria apply).
Islamic Account:
Limited to Muslim traders.
Demo Account:
Virtual funds do not reflect real market conditions.
Eligibility Criteria
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Not available for residents of the USA and Canada.
- Prohibited Countries: Specific countries may be restricted based on local regulations.
- Identity Verification Documents Needed: Government-issued ID (passport or national ID).
- Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
- Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.
KYC/AML Compliance Procedures
Capital.com adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Traders must verify their identity and address before being allowed to trade.
Verification Time Frames
Account verification typically takes 1-2 business days, depending on the completeness of the submitted documents.
Detailed Registration Process
- Visit Website and Click Registration: Go to the Capital.com homepage and select the registration option.
- Personal Information Entry: Fill in personal details such as name, email address, and phone number.
- Choose Account Type: Select the desired account type (Standard, Professional, Islamic, or Demo).
- Set Trading Preferences: Indicate trading preferences and risk tolerance.
- Document Upload: Upload required identity verification documents.
- Account Verification: Wait for the account to be verified by Capital.com.
- Fund Your Account: Deposit funds into the account using available payment methods.
- Start Trading: Once funded, traders can begin trading on the platform.
Desktop vs Mobile Registration Differences
The registration process is similar on both desktop and mobile platforms, with the mobile app providing a streamlined experience for quick registration.
Common Registration Issues and Solutions
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Issue: Document upload failure.
Solution: Ensure documents are clear and in the correct format.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Average Account Approval Time
Typically, account approval takes 1-2 business days, depending on the completeness of the application.
How to Upgrade/Downgrade Account Types
Traders can contact customer support to request an upgrade or downgrade of their account type, subject to the eligibility criteria for the desired account.
Demo Account Features and Benefits
- Features: Access to the same trading platform as live accounts, with virtual funds to practice trading.
- Benefits: Allows traders to familiarize themselves with the platform and test strategies without financial risk.
How to Open a Demo Account
Traders can select the demo account option during the registration process or access it from their account dashboard.
Demo Account Limitations
- Virtual Balance Amount: Typically set at $10,000.
- Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period of inactivity.
Virtual Balance Amount
The demo account usually comes with a virtual balance of $10,000, allowing traders to practice trading strategies.
Demo vs Live Account Differences
The demo account uses virtual funds, while live accounts involve real money and market conditions.
Swap-Free/Islamic Account Availability
Capital.com offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.
Eligibility Requirements
To qualify for an Islamic account, traders must declare their religious beliefs and provide necessary documentation.
Differences from Standard Accounts
Islamic accounts do not incur swap fees, making them suitable for Muslim traders.
How to Apply for Islamic Account
Traders can select the Islamic account option during the registration process or contact customer support for assistance.
Restrictions or Special Conditions
Islamic accounts may have specific conditions regarding trading strategies and instruments.
- What account types does Capital.com offer?
- Capital.com offers Standard, Professional, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- The minimum deposit is $20 for Standard and Islamic accounts, while the Professional account does not have a specified minimum.
- How long does Capital.com account verification take?
- Account verification typically takes 1-2 business days.
- Does Capital.com offer demo accounts?
- Yes, Capital.com provides a demo account for practice trading.
- Can I have multiple account types with Capital.com?
- Yes, traders can have multiple accounts but may need to contact support for management.
- Does Capital.com offer Islamic/swap-free accounts?
- Yes, Capital.com offers Islamic accounts that comply with Sharia law.
- What documents do I need to open a Capital.com account?
- Required documents include a government-issued ID and proof of residence.
- Can I change my account type after registration?
- Yes, traders can request to upgrade or downgrade their account type through customer support.
Capital.com accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .