Founded in 2014, Capital Index appeals to traders looking for a well-regulated MT4 broker with a substantial Forex offering and a low deposit entry-level account with no commissions.
A multi-asset broker, Capital Index offers trading on commodities, indices and 53 Forex pairs, including majors, minors, and exotics. Minimum deposits start at 100 USD on its entry-level Advanced Account, but spreads average at 1.4 pips on the EUR/USD, which is wider than other similar brokers. Spreads tighten to 1.0 pips (EUR/USD) on its Pro Account, but this is in exchange for a minimum deposit of 10,000 USD, putting it out of the reach of most traders.
Although Capital Index is an MT4-only broker, it provides fast execution and allows all trading strategies, including hedging, scalping, and algorithmic trading. A significant drawback is that Capital Index provides a limited selection of educational and market analysis materials, making it a poor choice for beginner traders.
Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.
Ready to have your forex knowledge amplified? Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.