Trading has become an immensely popular activity nowadays because the internet provides everyone with easy access. One of the best things about trading is that it doesn’t have any prerequisites; no matter what your background, you can become a trader with ease. Exchanges and brokers online provide traders with access to demo accounts that can be used for gaining practice with virtual money, which saves people from losing their actual money. However, one of the most important decisions that any trader has to make is the choice of broker. The trading world is ripe with frauds and scams and trusting new and unknown brokers can turn out to be very costly in the long run.
Some brokers will try to lure traders in by offering them low fees and other similar perks, but the choice has to be made carefully. If you are looking for a reliable and trustworthy broker, there is no better choice than Capital88. Even though it is also considered new since it was established in April 2017, but the team behind it are experts who have been working in the industry for years. They launched this platform in Latin America in order to provide traders with a hassle-free and innovative trading experience.
As these experts are from different backgrounds, they have ensured that Capital88 is a user-friendly platform for all kinds of traders. One of the most appealing features of this broker is that it enables you to keep your risks at a minimum because when you trade through this platform, you are not actually purchasing the asset you are investing in. Rather than physically buying the asset, you trade CFDs i.e. Contract for Difference. This requires you to predict the movement of the price of the asset in the near future. These price movements can help you in making a profit.
The purpose is to make sure that trading is not just easy for traders, but also as risk-free as possible. Therefore, it doesn’t come as a surprise to know that thousands of traders are now using Capital88 as it offers a variety of features. It caters to both beginners and skilled traders and they can get access to a number of assets. But, that’s not all. Capital88 also provides its clients with some of the tightest spreads in these industries and this enables them to stay highly competitive as people are able to generate huge sums of profits.
Obviously, when you sign up with a broker you want to check out the assets they are offering. While some people don’t want to restrict themselves to one asset, others prefer to specialize in stock trading or cryptocurrencies. Capital88 was designed to target different kinds of traders, which means that its portfolio comprises of a ton of trading assets. From Forex currency pairs and stocks to commodities and indices, you can decide to trade the asset that’s in accordance with your investment and risk-taking ability. But, you should bear in mind that you will be trading CFDs and not the actual asset, no matter what market you select.
You can get access to more than 1,000 tradeable assets via Capital88. You can decide to put your money in commodities such as gold, silver, copper, coffee, gas and oil if that’s where your interests are. There are eight major currency pairs available if you are interested in the forex market, which include USD/CAD, NZD/USD, EUR/USD, EUR/GBP, USD/JPY, GBP/USD, USD/CHF and USD/RUB. The broker also provides you with some volatile currency pairs as well and you can choose them if you like. But, these currency pairs are not recommended for newbies since they are very risky.
Capital88 also provides you the opportunity of trading some major indices like IBEX, NASDAQ, SPI, DAX, FTSE etc. Another thing you will like about Capital88 is that it gives you access to some of the best variety of stocks. There are more than hundred options and some of the notable stocks you can buy are Coca Cola, PayPal, Microsoft, Apple, Bank of America, Total, AT&T, Adidas, Google, Intel and SNAP.
Like other brokers in the market, Capital88 offers traders the option of using either a web-based trading platform or a mobile one if they prefer. Some people prefer to use the web interface as it is highly responsive and doesn’t require any sort of download or installation in order to be used. Trades can be conducted in real-time via the website and you can also get access to numerous graphs and charts that can be customized as per the requirement of every trader. A mobile option is also available for people who like to trade on the go.
Capital 88 has developed an app for smartphone users and the option is available for both iOS and Android platforms. The good thing about the app is that trades can be conducted as smoothly as you would through a web-based platform. Using the mobile app for trading means that you can make decisions to buy and sell even when you are not in the office or at home. This allows traders to cash in on short-term market movements, something they cannot do with the web interface option.
When you have decided to use Capital88 for your trading needs, you will first need to have an account on it. The broker provides users with options of several account types and they are designed to suit traders of varying backgrounds. There are a total of five account options to choose from on Capital88 and they start with a beginner account. As the name indicates, this account option is for those who are just getting started and want to try out Capital88 and its offerings. The choices move one step up from then on and go as high as the Platinum account, an account type aimed at professional traders.
The minimum deposit needed for the beginner account is $250 whereas $2,000 is required for the Bronze account. Signing up for an account on Capital88 also makes traders eligible for bonuses between the range of 10 and 20 percent. But, those who are after a higher bonus will also have to upgrade their accounts like go for the silver, gold and platinum options. For instance, the bonus available with the silver account is 60 percent. This account option also provides you with a daily financial analysis of the market and price alerts and you can also get access to a junior account manager. On the other hand, the platinum and gold accounts come with a senior account manager, but they also have hefty minimum deposit requirement. For instance, you need to deposit $25,000 for a Platinum account, but this is comparatively better than other brokers as they have requirements of $50,000 for the same account.
If you decide to go for either the Gold or Platinum account on Capital88, you can also create your own strategies or you can also attend an introductory session with an expert and skilled trader. There is also a referral program operated by Capital88, which enables you to earn rewards when you recommend the brokers to others and they sign up on your referral.
The tools that a broker offers to its clientele can make a huge difference in your choice. Yes, new traders need tools to help them in making profitable trades, but even professional traders require assistance every now and then in order to stay ahead of the game. Capital88 has ensured that it can meet the needs of both kinds of traders by incorporating a horde of tools that can simplify the process. There is a huge resource you will come across, which includes an economic calendar for outlining all possible events that can have an impact on the price of assets. Traders can also enjoy a detailed asset index that can provide you with in-depth information about the existing status of an asset in particular.
Apart from these tools, traders on Capital88 can also obtain a live market summary as well as a daily market summary that can be incredibly useful in tracking market movements. Doing so can be quite helpful because it allows traders to identify patterns and trends, which improves their ability of predicting the next set of movements and making their decisions accordingly. A weekly and monthly summary can also be obtained indicating that Capital88 wants to provide traders with everything they need for effectively managing their trades.
The available payment methods are also an important consideration for traders when they sign up on Capital88. The good news is that it provides several options to the traders for making their deposits. You can either use your debit or credit cards or if you prefer e-payment options, you can go with Giropay, Neteller etc. Bank wire transfer options are also available. When making withdrawals, you can use the same method that was used for making deposits. All deposits are returned through the method they are made.
However, one thing to remember is that profits can only be withdrawn through bank wire transfers. When it comes to the time taken by your transaction to be processed, it depends on the method you choose to use for your deposit and withdrawal. Deposits can be made free of charge whereas withdrawals have some fee associated with them, again varying as per the method.
As mentioned above, security is a major concern for traders because you don’t want to put your money anywhere they might be at risk. Likewise, you want to make certain you don’t become victims of a scam. This is where Capital88 can provide you with the highest form of security. The broker has taken the necessary steps to ensure that the personal and financial information of its clients stays protected and no unauthorized party can gain access to it. Therefore, they have implemented the strongest possible encryption strategy.
This is quite effective because encryption prevents hackers from deciphering any information so all information traded on Capital88 stays safe. Apart from encryption, Capital88 also complies with the anti-money laundering (AML) and Know your Customer (KYC) policies. These policies are designed to verify the identity of all traders as well as to ensure that the broker is not used for money laundering.
Capital88 is a comprehensive and innovative trading solution for all traders, including beginners. Another element of the broker that substantiates this fact is the comprehensive and valuable education center it has established on its website. There is a full library on Capital88 where you can find a plethora of educational materials for traders. These include in-depth videos and training sections that are related to different trading markets.
Newbies can make use of this material for increasing their knowledge and it can also be quite handy for them if they want to learn new strategies and skills. These can be implemented in real-time and provide instant results to traders. Professional traders can also use the information for polishing their tricks and even learn some new ones to make profitable trades.
One of the most important aspects of any broker is the customer service they have to offer. When you are stuck and you need assistance, you don’t want to wait for hours before you get a response. Capital88 has not just provided people with an innovative platform; they have also ensured traders have the best customer service to go with it. You can find multiple options for getting in touch with Capital88 if you want. You can find separate email addresses for general customer support as well as finance support.
There is also a live chat option available if you want an instant response. Phone numbers are also provided and they are given for different countries to ensure traders, regardless of their background, can obtain help whenever they need.
In a nutshell, Capital88 provides traders with an innovative and comprehensive solution when they want to make trades in different markets in a secure and safe environment.