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Things to consider

There are many aspects to assessing a broker’s services in general, maybe even too many to list. Below, we’ll focus on the most important criteria that should be taken into account when determining whether a broker is good for beginners.

A beginner-friendly broker should have:

  • an excellent web and mobile trading platform
  • low fees
  • great educational tools
  • good customer service
  • an easy account opening process
  • low minimum deposit

Reliability is also very important, but since we recommend only reliable brokers regulated by reliable financial authorities, this is one thing you don’t have to worry about.

More and more people are looking to become a player on financial markets either as traders or investors. However, when researching the basics, it can be easy to feel overwhelmed by the sheer amount of information available online.

This is where BrokerChooser offers a helping hand. The reason is simple: choosing the right service, especially when you are taking your first steps in trading, is highly important.

In this article we’ll check whether Random Capital is the right choice for a starting trader.

Is Random Capital good for beginners
Is Random Capital good for beginners?

Based on our scoring methodology, Random Capital is a broker that we can recommend for beginners.

Let's take a look at its services one by one, following the criteria we set above, to get the whole picture.

  • 💻 Random Capital's web platform has some good things to offer: Clear fee report. Two-step (safer) login. Order confirmation. However, some things may not be suitable for beginners. Areas of improvement: Not user-friendly. Poor search function. Limited customizability (for charts, workspace).
  • 📱 Sadly, Random Capital's mobile platform is not its strongest side, but there are a few positive aspects to it: Good variety of order types. Order confirmation. On the other hand, there are some things that could be improved: Not user-friendly. No two-step (safer) login. No price alerts. No Touch/Face ID login.
  • 💰 Fees are one of the most important aspects when it comes to trading and Random Capital does well in some areas: Low trading fees. Low non-trading fees. No inactivity fee. However, charges may be higher compared to some competitors. Areas of improvement: Withdrawal fee.
  • 🕖 Account opening: Fully digital. No minimum deposit. TBSZ, NYESZ accounts in Hungary. When it comes to the actual process however, there are more seamless experiences at other brokers that Random Capital could look to as an example. Areas of improvement: Slow. Not user-friendly.
  • 📚 Demo account. Trading platform tutorial. Webinars. Quality educational texts. However, Random Capital's education materials could be improved.Areas of improvement: No educational videos.
  • 📞 Phone support. Fast response time. Good email support. However, there is some room for improvement in Random Capital's customer service: No live chat. No 24/7 support.
  • 💰 Low minimum deposits and low-cost transactions are attractive for new traders. Random Capital's deposit and withdrawal processes have some good things to offer: No deposit fee. Several account base currencies. Quick deposit and withdrawal. Nevertheless, its services could be improved in other areas: Credit/Debit card not available. Not user-friendly. No electronic wallets available. No free withdrawals.

Is Random Capital good for beginners
Overview of Random Capital's services

Let’s take an overall look at how Random Capital compares to its peers when it comes to platforms, fees, account opening and education tools. Our scores are on a scale of 1.0 to 5.0, from worst to best.

Random Capital services vs. similar brokers
Random Capital Interactive Brokers Saxo Bank
Web platform score 2.9 stars 4.0 stars 5.0 stars
Mobile platform score 1.3 stars 3.5 stars 5.0 stars
Fees Low Low Average
Account opening score 2.5 stars 3.2 stars 2.0 stars
Education score 4.0 stars 4.5 stars 4.5 stars
Customer service score 3.1 stars 3.4 stars 4.0 stars
Deposit and withdrawal score 1.8 stars 3.0 stars 4.8 stars

If you wish to read more about Random Capital, click 'Visit Broker' to go to the broker's website. We also have a detailed review of the broker that you can read by clicking on the 'More' button.

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Is Random Capital good for beginners
Is Random Capital reliable to use?

We hear more and more stories each day about clients who lost their money to scammers from Telegram or through unregulated services. BrokerChooser only features brokers that have reliable financial regulators. As such, Random Capital is a reliable and trusted broker.

If you’d like to know more, check out our deeper dive into Random Capital's reliability.

Is Random Capital good for beginners
Where can I find more information?

If Random Capital is not the right broker for you, go ahead and check out our picks for Best Brokers for Beginners in 2022 for some alternatives.

Also, if you feel that some things weren’t clear when it comes to the brokerage world, no worries. We have lots of content to cover your questions. You can find our articles in the Education section of our site.

For example, if you want to know how to buy shares online and how the whole process works, there’s an article about that. If you’d like to learn more about investing in stocks or what short selling is, we have articles about these topics too.

We have also written a few materials that focus on recent events in the news. Like what happens with brokers after Brexit or what a short squeeze is.

We hope you found all of the information above useful. If you have any questions, we’d love to hear from you, just write to us at [email protected]. See you there!

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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