The best alternatives to CapTrader are
- Saxo Bank - Danish investment bank
- Swissquote - Swiss investment bank
- TradeStation Global - UK-based global stockbroker
- Interactive Brokers - International broker providing all asset classes
Let's see in a bit more detail how the CapTrader alternatives compare to CapTrader and each other:
| CapTrader | Saxo Bank | Swissquote | TradeStation Global | Interactive Brokers | |
|---|---|---|---|---|---|
| Overall score | 4.1 stars | 4.8 stars | 4.5 stars | 4.8 stars | 4.9 stars |
| Fees score | 3.6 stars | 3.0 stars | 1.8 stars | 4.1 stars | 4.5 stars |
| Account opening score | 1.0 stars | 4.3 stars | 4.0 stars | 4.0 stars | 3.2 stars |
| Deposit and withdrawal score | 3.0 stars | 4.8 stars | 4.6 stars | 3.5 stars | 3.0 stars |
| Web platform score | 4.3 stars | 5.0 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Markets and products score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
|
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Why are these brokers considered good alternatives to CapTrader? There are many areas based on which CapTrader can be compared with others. When we say a given online broker is a good alternative to CapTrader we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
CapTrader alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- CapTrader is recommended for investors and traders looking for low fees and sophisticated trading platforms
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
- Swissquote is recommended for affluent investors who value safety and are ok with higher fees
- TradeStation Global is recommended for traders and investors looking for low fees and a wide selection of products
- Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
Important factors of finding CapTrader alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether CapTrader or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. CapTrader is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost CapTrader alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At CapTrader, the account opening is slower than average, so if you consider this important some CapTrader alternatives can be a good choice.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at CapTrader, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given CapTrader alternative is a must.
Now let's dive into the details of how CapTrader and its alternatives perform in the most important areas!
CapTrader alternatives
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.
Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
|
• Great trading platform
|
• High bond, options and futures fees
|
|
• Outstanding research
|
• High minimum deposit
|
|
• Broad product portfolio
|
• Lacks live chat and 24/7 availability
|
Fees
Saxo Bank has overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• Low fund fees
|
• Custody fee
|
|
• No withdrawal fee
|
• High fees for options and futures
|
| Saxo Bank | CapTrader | |
|---|---|---|
| Apple benchmark fee | $20.3 | $4.3 |
| Vodafone benchmark fee | $18.9 | $18.9 |
| EURUSD benchmark fee | $14.6 | $18.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Saxo's account opening is fully digital, user-friendly and available in most countries. However, the minimum deposit is high in certain countries (can be $2,000).
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Minimum deposit is high in certain countries
|
|
• User-friendly
|
|
|
• Available in almost every country
|
|
| Saxo Bank | CapTrader | |
|---|---|---|
| Minimum deposit | $2,000 | $2,000 |
| Time to open account | 1 day | >3 days |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Electronic wallets not available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Saxo Bank | CapTrader | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Saxo Bank's web trading platform is one of the best on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
|
• User-friendly
|
None |
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Saxo Bank | CapTrader | |
|---|---|---|
| Web platform score | 5.0 stars | 4.3 stars |
| Mobile platform score | 5.0 stars | 3.5 stars |
| Desktop platform score | 5.0 stars | 3.5 stars |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only area where the selection could be improved.
| Saxo Bank | CapTrader | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Saxo Bank is a great broker that provides a complex and good service.
It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority). |
| Fees score | 3.0 stars |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
CapTrader alternatives
Swissquote
Swissquote is a Swiss investment bank established in 1996. It has three main trading entities:
- Swissquote Bank - it provides all asset classes, including stocks and ETFs. This entity is based in Switzerland and has multiple regulations, including the top-tier Swiss Financial Market Supervisory Authority (FINMA).
- Swissquote Bank Europe - it provides stocks, ETFs, funds, cryptos, forex, and CFD trading. This entity is based in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's regulator.
- Swissquote LTD - it provides CFD and forex trading. The entity is based in the UK and regulated by the Financial Conduct Authority (FCA).
The fact that Swissquote Bank Ltd has a banking license, is listed on the Swiss stock exchange, discloses detailed financials regularly, and has a long track record are all great signs with respect to Swissquote's safety.
In this review, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote Bank (CH)" and we will refer to the Luxembourg and UK-based entities as "Swissquote Europe (LUX)" and "Swissquote LTD (UK)", respectively.
Recommended for affluent investors who value safety and are ok with higher fees
| Pros | Cons |
|---|---|
|
• Access to many markets and products
|
• High trading fees
|
|
• No inactivity fee
|
• Confusing trading platform selection
|
|
• Rock-solid background
|
• Some research tools are not free
|
Fees
Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stock and ETF fees, and withdrawing money comes with a price tag.
| Pros | Cons |
|---|---|
|
• Low fund fees
|
• High stock and ETF fees
|
|
• No inactivity fee
|
• High bond fees
|
| Swissquote | CapTrader | |
|---|---|---|
| Apple benchmark fee | $50.3 | $4.3 |
| Vodafone benchmark fee | $57.3 | $18.9 |
| EURUSD benchmark fee | $15.0 | $18.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Long wait times
|
|
• No minimum deposit for trading account
|
• Forex and robo-advisor accounts have high minimum deposit
|
| Swissquote | CapTrader | |
|---|---|---|
| Minimum deposit | $0 | $2,000 |
| Time to open account | 1 day | >3 days |
If you are interested more in Swissquote minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer and there is a withdrawal fee charged.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Withdrawal fee
|
|
• Several account base currencies
|
|
| Swissquote | CapTrader | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $10 | $0 |
Web trading platform
The Swissquote eTrading platform has so many functions that sometimes the platform is hard to use. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• Easy to get lost among functions
|
|
• Two-step (safer) login
|
|
|
• Good search function
|
|
| Swissquote | CapTrader | |
|---|---|---|
| Web platform score | 4.3 stars | 4.3 stars |
| Mobile platform score | 4.7 stars | 3.5 stars |
| Desktop platform score | 3.4 stars | 3.5 stars |
Learn more about Swissquote's web trading platform in the detailed Swissquote review.
Markets and products
At Swissquote Bank (CH) and Swissquote Bank Europe (LUX), you can access many markets and trade a lot of different product types. At Swissquote LTD (UK) you can trade forex and CFDs.
| Swissquote | CapTrader | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Swissquote is an investment bank with a rock-solid background. The key factors of its safety scoreboard are the following:
- it is Swiss,
- it is listed on a stock exchange
- and it is a bank.
It has two main entities, one based in Luxembourg and one in Switzerland.
Swissquote offers a broad range of products across many markets. Their product portfolio includes a great variety of stocks, mutual funds, and a variety of other products such as bonds and cryptos.
However, nothing is free: Swissquote's trading fees are relatively high.
All in all, Swissquote is a great stockbroker. As you can trade many products and there is no inactivity fee, feel free to give it a try.
| Swissquote | |
|---|---|
| Summary | Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA. |
| Fees score | 1.8 stars |
| Recommended for | Affluent investors who value safety and are OK with higher fees |
CapTrader alternatives
TradeStation Global
TradeStation Global is a brand of TradeStation International Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).
TradeStation Global is a combined product offered by Interactive Brokers (IB) and TradeStation for clients outside the EU/EEA. Here are its most important elements:
- The account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers.
- You can use both Interactive Brokers's and TradeStation's own desktop platform.
- TradeStation Global charges its own fees, and offers its own customer support and educational tools.
Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on the NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed, on the Tokyo Stock Exchange.
Recommended for traders and investors looking for low fees and a wide selection of products
| Pros | Cons |
|---|---|
|
• Low stock and ETF fees
|
• Only bank transfer allowed for deposit and withdrawal
|
|
• Wide range of products
|
• Complicated account opening
|
|
• Fast customer service
|
• Limited education materials
|
Fees
TradeStation Global has low trading fees, especially for stocks and ETFs. There's no inactivity fee and the first withdrawal each month is free. However, mutual fund fees are high.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• High fund fees
|
|
• Low non-trading fees
|
|
| TradeStation Global | CapTrader | |
|---|---|---|
| Apple benchmark fee | $3.3 | $4.3 |
| Vodafone benchmark fee | $4.8 | $18.9 |
| EURUSD benchmark fee | $14.7 | $18.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
TradeStation Global's account opening is fully digital and fast, but the process is complicated, and there's a high $1,000 minimum deposit required in order to use TSG's own desktop platform.
| Pros | Cons |
|---|---|
|
• Fast
|
• $1,000 minimum deposit required for desktop platform
|
|
• Fully digital
|
• Not user-friendly
|
| TradeStation Global | CapTrader | |
|---|---|---|
| Minimum deposit | $0 | $2,000 |
| Time to open account | 1 day | >3 days |
If you are interested more in TradeStation Global minimum deposit, this overview will help you.
Deposit and withdrawal
TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Several account base currencies
|
|
|
• No charge for the first withdrawal each month.
|
|
| TradeStation Global | CapTrader | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
You can use your TradeStation Global account to log in to the Interactive Brokers web trading platform. The TSG Client Portal is simple and easy to use even for beginners.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| TradeStation Global | CapTrader | |
|---|---|---|
| Web platform score | 3.8 stars | 4.3 stars |
| Mobile platform score | 3.5 stars | 3.5 stars |
| Desktop platform score | 3.3 stars | 3.5 stars |
Learn more about TradeStation Global's web trading platform in the detailed TradeStation Global review.
Markets and products
With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
| TradeStation Global | CapTrader | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
TradeStation Global has low stock/ETF fees, provides access to a lot of products and markets and has great customer support. The TradeStation Global desktop platform has great charting tools, plenty of indicators, highly customizable watchlists (Radar Screen) and a great programming tool (EasyLanguage).
On the other hand, the deposit and withdrawal process is not user-friendly and you can use only bank transfer. The account opening is complicated, and for full account verification to use the TSG desktop trading platform, a minimum deposit of $1,000 is required.
If you want access to IB's product range and an account with a slightly different fee structure, feel free to try TradeStation Global.
| TradeStation Global | |
|---|---|
| Summary | TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. |
| Fees score | 4.1 stars |
| Recommended for | Traders and investors looking for low fees and a wide selection of products |
CapTrader alternatives
Interactive Brokers
Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.
Interactive Brokers recently launched a new app for global stock trading:. GlobalTrader is a simple platform where you can trade stocks and ETFs. If you are looking to trade only those two assets, GlobalTrader is the solution for you, since you will not get distracted with the other unnecessary information about other asset classes. In addition, you will have a more convenient time navigating through its simple user interface. It is also easier and quicker to create a GlobalTrader account than to create an Interactive Brokers account. Read our review of IBKR GlobalTrader
In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Complicated account opening process
|
|
• Wide range of products
|
• Complex desktop trading platform
|
|
• Many great research tools
|
• Understaffed customer service
|
Fees
Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
None |
|
• Free stock and ETF trading for US clients
|
|
|
• Low margin rates
|
|
| Interactive Brokers | CapTrader | |
|---|---|---|
| Apple benchmark fee | $2.3 | $4.3 |
| Vodafone benchmark fee | $7.6 | $18.9 |
| EURUSD benchmark fee | $14.7 | $18.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Not user-friendly
|
|
• No minimum deposit for most account types
|
|
| Interactive Brokers | CapTrader | |
|---|---|---|
| Minimum deposit | $0 | $2,000 |
| Time to open account | 1-3 days | >3 days |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Several account base currencies
|
|
|
• First withdrawal free each month
|
|
| Interactive Brokers | CapTrader | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Interactive Brokers web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Interactive Brokers | CapTrader | |
|---|---|---|
| Web platform score | 3.8 stars | 4.3 stars |
| Mobile platform score | 3.5 stars | 3.5 stars |
| Desktop platform score | 3.8 stars | 3.5 stars |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
| Interactive Brokers | CapTrader | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Interactive Brokers is one of the biggest US-based lowest spread brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.
On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools.
There are some drawbacks, however. We weren't satisfied with the quality of the customer service and the account opening process is complicated. Unlike the web and mobile platforms, the desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers is a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.5 stars |
| Recommended for | Traders looking for broad market access and a professional trading environment |
CapTrader alternatives
CapTrader
CapTrader was founded in Germany in 1997. It is an introducing broker to Interactive Brokers (IB), one of the largest brokers in the world.
- The account opening and deposit/withdrawal options are very similar to Interactive Brokers.
- The trading platforms and available products are exactly the same as at Interactive Brokers.
- Fees, however, are charged by CapTrader, not by Interactive Brokers.
- CapTrader offers its own customer support and educational tools.
CapTrader is considered safe because it has a long track record and is regulated by top-tier financial authorities. After Brexit, European users of CapTrader are being served through the Irish licence of Interactive Brokers.
Recommended for investors and traders looking for low fees and sophisticated trading platforms
| Pros | Cons |
|---|---|
|
• Low stock and ETF fees
|
• Complicated account opening
|
|
• Wide range of products
|
• Complex desktop trading platform
|
|
• Many great research tools
|
|
Fees
CapTrader has low stock and ETF fees, and margin rates are also low. On the other hand, options and futures fees are high.
| Pros | Cons |
|---|---|
|
• Low stock and ETF fees / Free stock trading
|
• High options and futures fees
|
|
• Low stock and ETF fees
|
|
|
• One free withdrawal per month
|
|
|
• Low margin rates
|
|
| CapTrader | Saxo Bank | Swissquote | TradeStation Global | Interactive Brokers | |
|---|---|---|---|---|---|
| US stock | $2.0 | $10.0 | $25.0 | $1.5 | $1.0 |
| UK stock | $9.0 | $9.0 | $28.3 | $2.0 | $3.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
CapTrader's account opening is fully digital, but the positives stop there: the process is complicated, account verification takes long, and there's a steep €2,000 minimum deposit.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Slow
|
|
|
• Not user-friendly
|
|
|
• High minimum deposit of €2,000
|
| CapTrader | Saxo Bank | Swissquote | TradeStation Global | Interactive Brokers | |
|---|---|---|---|---|---|
| Minimum deposit | $2,000 | $2,000 | $0 | $0 | $0 |
| Time to open account | >3 days | 1 day | 1 day | 1 day | 1-3 days |
Learn more about CapTrader minimum deposit here.
Deposit and withdrawal
CapTrader offers one free withdrawal per month and has a decent selection of account base currencies; however, it doesn't accept credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• One free withdrawal per month
|
• Electronic wallets not accepted
|
| CapTrader | Saxo Bank | Swissquote | TradeStation Global | Interactive Brokers | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $10 | $0 | $0 |
Web trading platform
CapTrader's WebTrader platform is user-friendly, has a clear fee report, and is accessible via a safe two-step login process.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| CapTrader | Saxo Bank | Swissquote | TradeStation Global | Interactive Brokers | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 5.0 stars | 4.3 stars | 3.8 stars | 3.8 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 4.7 stars | 3.5 stars | 3.5 stars |
| Desktop platform score | 3.5 stars | 5.0 stars | 3.4 stars | 3.3 stars | 3.8 stars |
Learn more about CapTrader's web trading platform in the detailed CapTrader review.
Markets and products
Through CapTrader, you can access an extremely wide range of markets, and virtually all product types imaginable.
| CapTrader | Saxo Bank | Swissquote | TradeStation Global | Interactive Brokers | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | Yes | Yes | Yes | Yes | Yes |
| Bonds | Yes | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes | Yes |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | Yes |
Verdict
CapTrader is a global stockbroker for investors and traders. We recommend this broker mainly for advanced traders.
On the plus side, CapTrader has low stock and ETF fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though. It charges high forex fees, and the account opening process is complicated. The desktop platform is complex and might be hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, feel free to try CapTrader, as it could be a great fit for you.
| CapTrader | |
|---|---|
| Summary | CapTrader is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland. |
| Fees score | 3.6 stars |
| Recommended for | Investors and traders looking for low fees and sophisticated trading platforms |
CapTrader alternatives
Bottom line
Based on our analysis, there are several good alternatives to CapTrader. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| CapTrader | Global broker providing all asset classes | Investors and traders looking for low fees and sophisticated trading platforms |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
| Swissquote | Swiss investment bank | Affluent investors who value safety and are OK with higher fees |
| TradeStation Global | UK-based global stockbroker | Traders and investors looking for low fees and a wide selection of products |
| Interactive Brokers | International broker providing all asset classes | Traders looking for broad market access and a professional trading environment |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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