Does CapTrader operate under FCA regulation as of August 2024?
Are you planning to open a trading account with CapTrader but you are uncertain if the firm is overseen by the Financial Conduct Authority (FCA)?
CapTrader is not regulated by the FCA but it accepts clients from the United Kingdom. It is regulated by CBI in Ireland. If you want to explore the best alternatives to CapTrader that are also available to UK residents, keep on reading.
Our team at BrokerChooser has extensively tested the services of over 100 brokers worldwide by opening real-money accounts and executing live trades on their platforms. We have compiled the top alternatives to CapTrader that provide exceptional trading experiences for investors in the UK.
You can also leverage our broker finder tool which helps you narrow down your choices, showing only those brokers that are available in your country and are suitable for your investment goals and habits:
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FAQ
Is CapTrader legit?
CapTrader is considered reliable as it is regulated by the top-tier CBI in Ireland.
Why is FCA regulation important?
The FCA is widely considered as one of the top-tier regulators in the brokerage world. To obtain FCA authorization, each firm must demonstrate that they meet a range of stringent requirements. Failure to meet these requirements usually triggers timely and strict enforcement procedures and may result in the entity losing its license.
How can I verify if my broker is FCA regulated?
You should cross-check your broker's regulatory status on the FCA's official website. If your broker is regulated by several regulators, check which entity is authorized by the FCA and sign up with that entity. If you are not a UK citizen, this may not always be possible due to legal restrictions. Check out our comprehensive guide on how to verify FCA regulation.
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.