Personal Capital review
Personal Capital is a Multi-Assets Trading Platform with over 277+ Assets
Personal Capital is a multi asset platform with 277+ tradable Assets. Assets available on Personal Capital include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
Personal Capital trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.
Features of Personal Capital
- Social Trading available
- Copy Trading available
- Personal Capital offers Advanced Financial Chart comparison tools
- Personal Capital offers Research-backed analysis on financial markets and investments from top analysts
- The Personal Capital platform is available to use on multiple devices including and online through a Web Browser.
- Personal Capital offers a trading platform with tools for both New Traders and Seasoned Experts
- Personal Capital users benefit from using the Personal Capital platform in over 15 different languages
Personal Capital review
What you should know
Personal Capital offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the Personal Capital trading platform depends on the region of the world, you are in and the Personal Capital entity you have an account.
With Personal Capital you will need a minimum deposit of $100000. You can sign up for a demo account to acquaint yourself with Personal Capital platform.
Personal Capital are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Personal Capital safe?
When considering Personal Capital for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Personal Capital, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2008, and in operation for 16 years Personal Capital have a head office in USA.
Personal Capital is not regulated. This means Personal Capital are not supervised by any regulatory bodies.
Personal Capital withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Personal Capital are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Personal Capital are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Personal Capital and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Personal Capital has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Personal Capital will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Personal Capital, you can enjoy peace of mind and focus on your trading activities.
Your capital is at risk
Is my money safe with Personal Capital?
All payments made to Personal Capital by traders are securely held in a segregated bank account.
Personal Capital uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should Personal Capital use them?
Personal Capital partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Personal Capital clients' funds.
Personal Capital clients can have greater confidence in their financial security when working with a Tier 1 bank because Personal Capital are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in Personal Capital deposited in a Tier 1 bank?
Depositing funds with Personal Capital ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Personal Capital were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that Personal Capital is a secure and safe platform.
Please be aware that trading in financial assets with Personal Capital carries a risk of loss. Personal Capital trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
Personal Capital emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Personal Capital, let's closely examine its features.
To better understand the Personal Capital trading platform, you can create two separate accounts - one with real money and the other a Personal Capital demo account. A Personal Capital demo account provides a risk-free environment for experimenting with the Personal Capital platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Personal Capital trading decisions.
Open a demo account Visit Personal Capital
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How Personal Capital as a Company Compare Against Other Brokers
Broker | personalcapital | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Year Established | 2008 | 2007 | 2009 | 2007 |
Head Office | USA | Australia | Belize | Cyprus, UK |
Regulation | Unregulated | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
Used By | 10,000+ Personal Capital users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
Negative balance protection | Yes | Yes | Yes | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit Personal Capital | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
Personal Capital review
Personal Capital Pros and Cons
Personal Capital review
Personal Capital Regulation and Licensing in more detail
The online broker Personal Capital is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with Personal Capital, you may not receive adequate help or recourse.
- Unregulated
Is Personal Capital Global?
Yes, Personal Capital is global as Personal Capital is available in over 194 countries.
Personal Capital is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Personal Capital covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Personal Capital has a total of more than 10,000 users.
Personal Capital review
Personal Capital Fees Explained
- Personal Capital withdrawal fees varies on payment method
- Personal Capital does charge a fee for inactive accounts.
- Personal Capital does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Personal Capital are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
Personal Capital Costs To Check
Modern brokers like Personal Capital provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Personal Capital may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Personal Capital trading profitability.
How Personal Capital Fees Compare Against Other Brokers
Broker | personalcapital | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Min Deposit | 100000 | 200 | 10 | 100 |
Withdrawal Fees | varies | No | Yes | Yes |
Inactivity Fees | No | No | Yes | |
Deposit Fees | Varies | No | No | |
CFD Commission Fees | Yes | No | Yes |
Personal Capital Minimum Deposit
Personal Capital requires a minimum deposit of 100000 GBP/USD/EUR when opening an Personal Capital trading account.
A minimum deposit is the minimum amount of money required by Personal Capital to open a new online brokerage account with them.
Don't be scared off by brokers like Personal Capital charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like Personal Capital, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
Personal Capital Withdrawal Fees
The fees for withdrawing funds from your Personal Capital account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Personal Capital withdrawal request is important.
Personal Capital Withdrawal rules may vary across different brokers when it comes to transferring funds from your Personal Capital or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Personal Capital may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the Personal Capital withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Personal Capital. Researching and comparing Personal Capital withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Personal Capital funds frequently or dealing with large sums of money. Awareness of these Personal Capital fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Personal Capital funds.
For example, Personal Capital allows you to withdraw your funds to Bank Transfer.
Personal Capital Inactivity Fees
Personal Capital does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Personal Capital terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all Personal Capital fees and services. It's recommended that you check the Personal Capital website before signing up. If you decide to close your Personal Capital account, it's important to do so with the Personal Capital broker customer support and obtain confirmation that no remaining Personal Capital fees are due.
Brokers like Personal Capital must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
Personal Capital Deposit Fees
Personal Capital do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
Personal Capital Commission Fees
Personal Capital does charge commission on CFD instruments.
Brokerage firms like Personal Capital may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Personal Capital trading account level held by the trader.
Personal Capital may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Personal Capital terms and conditions to understand the commission fees and any other charges that may apply is essential.
Personal Capital review
What can you trade with Personal Capital?
It's essential to note that the trading instruments offered under the Personal Capital brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Personal Capital trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with Personal Capital over 277 instruments in fact.
If you want to trade currency pairs on global Forex markets, Personal Capital offer over currency pairs.
Personal Capital Compared To Other Brokers
Compare Personal Capital with IC Markets and Roboforex below.
How Personal Capital Trading Options Compare Against Other Brokers
Broker | personalcapital | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 277 | 2250 | 100 | 5000 |
Platforms | Desktop,Android,Tablet,iPhone | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 61 | 35 | 50 | |
Major Forex pairs | No | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | No | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 20 | 21 | 31 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | No | Yes |
Agricultural | No | Yes | No | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2100 | 0 | 2042 | |
UK Shares | No | Yes | Yes | Yes |
US Shares | No | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit Personal Capital
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
Personal Capital review
Trading on Personal Capital web platforms and other applications
Personal Capital provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.
Personal Capital also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See Personal Capital's platformsIs the Personal Capital Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the Personal Capital trading platform to protect you on PC and mobile Personal Capital platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Personal Capital web trading platforms.
Personal Capital Trading Platform Options
Personal Capital does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
Personal Capital offers its custom trading platform developed and tested in-house. The Personal Capital trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.
The Personal Capital platform allows traders to filter the financial marketplace for trade opportunities that match criteria.
With Personal Capital, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Personal Capital platform, including news and quotes. Discover possible trades with the strong charting tools found with Personal Capital. Personal Capital is available as downloadable applications or online through the cloud. Monitor your orders with Personal Capital and receive breaking news in your positions.
Personal Capital Trading benefits
Personal Capital Trading Accounts Offered
Below we give an overview of the account types that Personal Capital offer. Whatever you are looking to trade, the varying Personal Capital account types will be able to provide you with what you need.
- Personal Capital Islamic account
Can I try Personal Capital?
Personal Capital provides a demo account that enables individuals to explore trading before investing their funds. By creating a Personal Capital practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Personal Capital demo account can help individuals to make informed decisions before investing their money.
Open a demo Personal Capital account to practice and trade.
Your capital is at risk
Personal Capital withdrawal and funding methods
It's essential to remember that the payment methods provided by Personal Capital vary based on the Personal Capital entity and the Personal Capital client's country of residence. To view the Personal Capital payment options available, you can log into your Personal Capital member's area.
Personal Capital offers various funding payment methods listed in your Personal Capital dashboard if available in your region. To learn more about the Personal Capital funding and withdrawal options available in your area, you can explore the Personal Capital website.
Personal Capital provides several payment methods for funding your Personal Capital account. You may utilize any of these deposit options if they are available in your region. Personal Capital ensures that users have multiple payment methods to choose from, making it more convenient for verified Personal Capital account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Personal Capital user's location. learn more about Personal Capital funding and withdrawal methods.Personal Capital Payment Methods
Some Personal Capital payment methods are local and are available only to specific regions. Personal Capital account holders should check which payment methods are provided in your region.- Personal Capital accepts Bank Transfer
Broker | personalcapital | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | No | Yes | Yes | Yes |
Paypal | No | Yes | No | Yes |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | No | Yes | No |
Neteller | No | Yes | Yes | Yes |
*please note available Personal Capital and other broker payment methods depend on the clients country of residence.
How can I start trading with Personal Capital?
To open a trading account with Personal Capital, individuals can sign up on the Personal Capital website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for Personal Capital account validation and making a deposit. Once completed, Personal Capital users can download the trading platform of their choice.
It's important to note that Personal Capital requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Personal Capital maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Personal Capital trading platforms is available on their website.
Your capital is at risk
Performing trades with Personal Capital
When using Personal Capital, the minimum trade size is typically units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Personal Capital have a max trade of .
Personal Capital, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Personal Capital can be useful for traders starting or with limited capital.
Like other brokers, Personal Capital margin requirements can differ depending on the traded instrument.
CFD Trading on Personal Capital
We will show you an example of the basics of using Personal Capital leverage.
CFD trading on Personal Capital allows traders to speculate on the price movements of various financial instruments against the broker Personal Capital, without actually owning real assets. With CFDs, Personal Capital traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
Personal Capital provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, Personal Capital leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Personal Capital trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Personal Capital leverage magnifies both profits and losses in trading.
Trading CFD trades on the Personal Capital platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced Personal Capital traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at Personal Capital
To trade effectively with Personal Capital, it's important to have a good understanding of the Personal Capital trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Personal Capital and externally.
Personal Capital . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Personal Capital. Familiarizing yourself with the Personal Capital trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using Personal Capital. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Personal Capital involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like Personal Capital, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with Personal Capital. Explore the Personal Capital platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Personal Capital, before live trading.
Customer Support at Personal Capital
As part of our Personal Capital review, we review customer service options, response times and problem resolution effectiveness on the Personal Capital trading platform. The Personal Capital trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Personal Capital Available Support Types
Based on our experience, we have given Personal Capital a D grade for customer support. We encountered some slow response times or Personal Capital queries that were left unanswered.
Compared to other brokers, Personal Capital offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
Livechat Support at Personal Capital
Personal Capital does not offer LiveChat Support.
Email Support at Personal Capital
Personal Capital does not offer Email Support.
Phone Support at Personal Capital
Personal Capital does not offer Phone Support.
See how Personal Capital Support Compares Against Other Brokers
Broker | personalcapital | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Support |
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Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
Learn More | Visit Personal Capital | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with Personal Capital
As Personal Capital is regulated by Unregulated.
As a new client of Personal Capital, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Personal Capital in your region. During the Personal Capital account opening process, you will be asked to provide Personal Capital with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with Personal Capital have the following documents available.
- Personal Capital require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for Personal Capital compliance. This must be dated within the last six months.
- If you plan to fund your Personal Capital account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Personal Capital platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under Personal Capital Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Personal Capital's platform.
However, remember that you won't be able to make trades on Personal Capital until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Personal Capital KYC compliance process as soon as possible to avoid any delays in accessing the Personal Capital platform's features.
It is important to note that Personal Capital may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Personal Capital platform and features immediately. However, you must pass the verification process to start live trading with Personal Capital, which can take up to a few business days.
To start the process of opening an account with Personal Capital you can visit the Personal Capital trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.personalcapital.com on April 22, 2024.
Is Personal Capital A Good Broker?
We have spent over 5 years examining Personal Capital in depth. Although we found some very useful aspects of the Personal Capital platform that would be useful to some traders. We feel that a alternative to Personal Capital may better suit you.
- Personal Capital have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
- Personal Capital has a history of over 16 years.
- Personal Capital has a reasonable sized customer support of at least 10.
- Personal Capital are regulated by the Unregulated. Personal Capital is subject to strict regulatory oversight from its respective jurisdiction, which holds Personal Capital (the broker) accountable for misconduct. This regulatory framework helps ensure that Personal Capital operates fairly and transparently and provides Personal Capital customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Personal Capital.
- Personal Capital have regulation from reputable regulators.
- One of the advantages of using Personal Capital is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Personal Capital are particularly important as Personal Capital traders want to receive their money quickly. With the efficient Personal Capital payment processing system, traders can enjoy faster access to their Personal Capital funds.
- Personal Capital have an international presence in multiple countries. Including local Personal Capital seminars and training.
- Personal Capital can hire people from various locations in the world who can better communicate in your local language.
Personal Capital Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
Personal Capital not quite right?
If after reading this Personal Capital review, Personal Capital does not fulfill your needs check out these Personal Capital Alternatives.
Click here to view the best Personal Capital Alternatives
We have spent years researching the best alternatives to Personal Capital. Click the links below to learn more.
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Related Personal Capital Vs Comparisons
Throughout our comprehensive Personal Capital review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing Personal Capital against other popular brokers in the industry, check out our Personal Capital Vs pages. Our team has compiled a series of detailed Personal Capital comparison articles, pitting the Personal Capital platform against some of the best-rated Personal Capital competitors in the market. Dive into our informative Personal Capital Vs pages below to find out how Personal Capital stacks up against other leading brokers.
- PersonalCapital vs ICMarkets
- PersonalCapital vs Roboforex
- PersonalCapital vs eToro
- PersonalCapital vs XTB
- PersonalCapital vs XM
- PersonalCapital vs Pepperstone
- PersonalCapital vs AvaTrade
- PersonalCapital vs FPMarkets
- PersonalCapital vs NordFX
- PersonalCapital vs easyMarkets
- PersonalCapital vs SpreadEx
- PersonalCapital vs FxPro
- PersonalCapital vs Plus500
- PersonalCapital vs AdmiralMarkets
- PersonalCapital vs ThinkMarkets
- PersonalCapital vs FXPrimus
- PersonalCapital vs Trading212
- PersonalCapital vs ForexMart
- PersonalCapital vs Eightcap
- PersonalCapital vs ForTrade
- PersonalCapital vs InteractiveBrokers
- PersonalCapital vs Forex.com
- PersonalCapital vs IG
- PersonalCapital vs Robinhood
- PersonalCapital vs Coinbase
- PersonalCapital vs Binance
- PersonalCapital vs ETXCapital
- PersonalCapital vs CoreSpreads
Personal Capital review
PERSONAL CAPITAL Frequently Asked Questions
Read our detailed Personal Capital FAQ Section updated for 2024.
Can I try Personal Capital?
Personal Capital do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do Personal Capital accept?
Please note that the list of payment methods below depends on the Personal Capital Entity and the client's Country of Residence.
Personal Capital offer the following funding payment methods Bank Transfer, among other payment methods.
Learn more here
Is Personal Capital safe?
Personal Capital have over 10,000 users. While Personal Capital may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Personal Capital accounts by traders are held in a segregated bank account. For added security,Personal Capital use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Personal Capital is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Personal Capital unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is Personal Capital trading good?
Personal Capital is considered good and reputable to trade with Personal Capital. Personal Capital is used by over 10,000 traders and Personal Capital users. Personal Capital offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with Personal Capital is 100000.
Is Personal Capital trading Legit?
Personal Capital was founded in USA in 2008. Personal Capital has been facilitating trade on the financial markets for over 16 years. Personal Capital offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to Personal Capital are held in segregated bank accounts for security. Personal Capital is not regulated. Although this doesn't mean Personal Capital are awful, we recommend trading with regulated brokers.
Is Personal Capital a good broker?
Personal Capital allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Personal Capital is overseen by the top tier financial regulators Unregulated so can be considered a good broker.
Is Personal Capital trustworthy broker?
Despite any potential benefits associated with Personal Capital, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like Personal Capital, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.
What is the minimum deposit for Personal Capital?
The minimum deposit to trade with Personal Capital is 100000.
How long do Personal Capital withdrawals take?
Withdrawing money from Personal Capital processing time varies depending on the method but averages 1-5 days.
Is Personal Capital regulated?
Personal Capital is not regulated by a top tier financial regulator.
Is Personal Capital a market maker?
Personal Capital is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
How can I start trading with Personal Capital?
When opening a trading account with Personal Capital, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Personal Capital trading platforms, you can follow the link provided below: Learn more about signing up with the Personal Capital trading platform here. This will provide useful information and insights into the various trading platforms offered by Personal Capital, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with Personal Capital?
Yes your money is safe with Personal Capital.
Overall, strict financial regulation is essential for ensuring that trading platforms like Personal Capital operate fairly, transparently, and responsibly, which ultimately benefits all Personal Capital stakeholders involved.
Trading platforms like Personal Capital must have strict financial regulation for several reasons:
- Protecting Personal Capital Investors: Strict financial regulation ensures that investors who use the Personal Capital trading platform are protected against fraudulent or unethical behavior by the Personal Capital platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Personal Capital platform.
- Maintaining Personal Capital Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Personal Capital trading platform. Regulatory procedures reduce the likelihood of the Personal Capital platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing Personal Capital Transparency: Regulations require trading platforms like Personal Capital to maintain detailed records and disclose Personal Capital client information. Financial regulatory requirements enhances transparency and helps to build trust between the Personal Capital platform and its investors.
Personal Capital is regulated by the Unregulated. When selecting a broker such as Personal Capital, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Personal Capital ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Personal Capital.
Is Personal Capital a con?
While we would not say that Personal Capital is a con. Because a top tier financial regulator does not regulate them, we would not trade with them.
Can you make money with Personal Capital?
Although traders have had great success with Personal Capital, trading on the financial markets with Personal Capital is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does Personal Capital have fees?
Personal Capital withdrawal fees vary on payment method.Personal Capital does charge a fee for inactive accounts. Personal Capital do charge deposit fees.
When was Personal Capital founded?
Personal Capital was founded in 2008.
How many people use Personal Capital?
Personal Capital is used by over 10,000 registered Personal Capital users.
What is Personal Capital Headquarters country?
Personal Capital has its head quarters office in USA .
Does Personal Capital offer negative balance protection?
Personal Capital does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does Personal Capital offer guaranteed stop loss?
Personal Capital does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does Personal Capital allow scalping?
Personal Capital does not offer scalping.
Does Personal Capital allow hedging?
Personal Capital does not offer hedging.
Does Personal Capital offer CFD trading?
Personal Capital offers CFD trading.
Does Personal Capital offer STP?
Personal Capital does not offer STP trading.
How many people use Personal Capital?
Personal Capital is used by over 10000 Personal Capital users and traders.
Is Personal Capital an ECN broker?
Personal Capital does not offer ECN trading.
Does Personal Capital offer a demo account?
Personal Capital does not offer demo account.
Does Personal Capital offer an Islamic account?
Personal Capital offers an Islamic account.
What are the funding methods for Personal Capital?
Please note that funding methods and options available with Personal Capital can be found in the Personal Capital Members area and depend on the Personal Capital client’s country of residence. Please check your specific available payment methods on the Personal Capital website. Personal Capital accept the following funding methods : Bank Transfer.