CapTrader UK

Figuring out if a broker serves UK clients can be a bit tricky. While some brokers operate globally, others only serve their home countries. We checked to see if CapTrader welcomes clients from the UK.

Great news, CapTrader accepts clients from the UK, so if you're a UK citizen or tax resident, you can easily open an account with CapTrader. To get you started, here's the ultimate guide to trading with CapTrader in the UK, along with the best alternatives to CapTrader that are also accessible to UK traders.

All you need to know about trading with CapTrader in the UK

All you need to know about trading with [Broker name] in the UK

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I have more than 15 years of experience as a forex trader, actively trading on a daily basis with many currency pairs. I put great emphasis on risk management and self-discipline: I keep a trading journal to help me stick to my strategy, and I have sharpened my keen sense of broker safety by testing more than 50 forex brokers.

Learn about our methodology

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

Together with my brokerage analyst colleagues, I thoroughly tested the services of CapTrader by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know if you want to trade with CapTrader in the UK as of May 2024:

• You can open an account at CapTrader if you have UK citizenship or tax residency.
• You can trust CapTrader as it is overseen by at least one very strict regulator.
• CapTrader is primarily a stock/ETF broker.
• Explore the services of CapTrader in our comprehensive CapTrader review for 2024 and browse the top list of the best online brokers in the UK for the most popular alternatives.

If you're a UK citizen or a tax resident in the UK, you're eligible to open a trading account with CapTrader. Generally, where you can open a brokerage account depends on your citizenship and tax residency status. What exactly does this mean?

Consider the case of Lizzy, a UK citizen living in Brighton. She decides to open a trading account to try her hand at online trading. By virtue of her UK citizenship and tax residency, she qualifies to open an account with CapTrader. Now, if Lizzy were to move to Germany permanently, she may find that the same brokerage does not accept UK residents due to different financial laws and regulations. The change in her tax residency from the UK to Germany may prevent her from continuing to use her account with CapTrader and she will need to look for a broker that caters to German citizens and residents.

The BrokerChooser team put CapTrader under the microscope to see if it can be trusted. As seasoned traders, we scrutinize over 100 brokers globally by opening accounts and putting our own money on the line. Why do we do this? To figure out if a broker's safety measures are the five-star restaurant type or more like a dodgy street food cart. When it comes to your money, you definitely want the best service available.

You can rest assured knowing that CapTrader is not a scam. Its operations are tightly monitored by at least one top-tier regulatory authority. These regulators don't mess around; they enforce strict rules that ensure transparency and ethical trading practices at the brokers they oversee. Working with brokers that have top-tier regulation is your bet bet to avoiding losing your money to scammers.

CapTrader is regulated in Ireland

If your main interest is trading stocks and ETFs, CapTrader could be a good fit for you as it is primarily a stock broker. Here's a brief overview of its main features and weaknesses.

CapTrader is a Germany-based global stockbroker for investors and traders.

CapTrader has low stock and ETF fees. Thanks to its link to Interactive Brokers, CapTrader covers a vast range of markets and products, and offers a multitude of great research tools on its sophisticated trading platforms.

Partly because of that, though, we recommend this broker mainly for advanced traders, as the account opening process is complicated and the desktop trading platform isn't the most simple to use. Among other drawbacks, CFD and forex trading fees are high, and most users can only make deposits and withdrawals via bank transfer.

BrokerChooser gave CapTrader a 3.9/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Check out the following table for a snapshot of CapTrader's services.

Data updated on May 14, 2024

CapTrader fees and costs

How much you have to pay in various fees and other charges will greatly influence the profitability of your trades. Check out the table below to see the main fees and charges applied by broker name for trading stocks.

Data updated on May 14, 2024

For comprehensive insights into trading conditions, costs, and overall service quality at CapTrader, turn to BrokerChooser's in-depth CapTrader review for 2024. Our analysis is based on nearly 600 individual data points and first-hand experience. We analyze brokers by opening a real-money account and executing trades on their platforms, which helps us understand and evaluate the full spectrum of their services.

If you want to explore CapTrader’s top competitors, head over to our top list of the best online brokers in the UK and browse through a curated selection of top-notch brokerages that welcome UK clients.

Is profit from trading taxed in the UK?

Yes, profits from trading are subject to taxation in the United Kingdom. Any profit you make from buying and selling stocks (or other financial assets) will be taxed as capital gain. If you buy and sell shares or other securities, you may be liable to pay stamp duty on certain transactions.

If you have an Individual Savings Account (ISA) or Self-invested personal pension (SIPP) account, the rules are different. You don’t need to pay income tax, tax on dividends or capital gains tax on the investments within your stocks and shares ISA. Also, your money grows free from dividend tax, capital gains tax and income tax in a SIPP account. Investments held outside of a tax wrapper such as a SIPP or ISA account are subject to dividend tax.

Is investor protection available in the UK?

Yes, investor protection is available in the UK. Under a system operated by the Financial Services Compensation Scheme (FSCS), you are entitled to investor protection in the amount of £85,000 per brokerage account provided your broker is regulated by the Financial Conduct Authority (FCA), the main supervisory authority in the UK. Check out what kind of investor protection is available at CapTrader:

Interactive Brokers is the contracting partner that processes and transacts orders via the trading platform. This means the investor protection amount and the regulating authority are related to IBIE, the Ireland-based entity.

CapTrader provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered by any negative balance protection.