Personal Capital Review for 2019

Personal Capital Rated 3/5
Personal Capital have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to Personal Capital

Personal Capital Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Personal Capital we break down the pros and cons. What Personal Capital are able to offer, what countries Personal Capital are available in. Who Personal Capital are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open Personal Capital's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to Personal Capital

With this review we hope to help you see if Personal Capital is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Personal Capital that will help you get off to a good start in the world of online trading.

Personal Capital what you should know

Personal Capital offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

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 choosing a broker like Personal Capital the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in , and in operation for 2019 years Personal Capital have a head office in USA.

Personal Capital is regulated. This means Personal Capital are supervised by and is checked for conduct by the regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Personal Capital, this will be honored. If Personal Capital violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with Personal Capital. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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.

What we like

  • Used by over 10,000 traders
  • Established in
  • Min. deposit from $100000

What we don't like

Personal Capital General Fees

  • Personal Capital withdrawal fees varies on payment method
  • Personal Capital does charge inactivity fees

Personal Capital Commissions

  • Personal Capital does charge commission on CFD shares

What can you trade with Personal Capital?

You can trade a wide variety of instruments with Personal Capital over 277 instruments infact.

If you are looking at trading currency pairs Personal Capital offer over currency pairs.

Compare Personal Capital with Interactive Brokers and XTB below.

FX / Currencies personalcapital IB XTB
# of forex pairs offered 10 50
Major forex pairs No Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs Personal Capital Interactive Brokers XTB
# of commodities offered 0
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Personal Capital Interactive Brokers XTB
# of Stocks offered 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
personalcapital's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on Personal Capital web platforms and other applications

Personal Capital offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Personal Capital also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See personalcapital's platforms

Personal Capital Trading benefits :

Personal Capital Trading Accounts offered:

  • Islamic account

Can I try Personal Capital before I buy?

Personal Capital offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Personal Capital accept?

Personal Capital offer the below funding payment methods. learn more about Personal Capital

  • Credit cards
  • Neteller

How can I start trading with Personal Capital?

When opening a trading account with Personal Capital, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Personal Capital trading platforms here.

Performing trades with Personal Capital

Personal Capital allow you to execute a minimum of trade of . This may vary depending on the account you open. Personal Capital allow you to execute a maxium trade of .

As a market maker, Personal Capital may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Personal Capital offer margin up to % on currencies.

Support at Personal Capital

Personal Capital support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with Personal Capital

As Personal Capital is regulated by , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Personal Capital's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Personal Capital you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.personalcapital.com on 12th August 2018.

PERSONAL CAPITAL Frequently Asked Questions

Can I try Personal Capital before I buy?

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?

Personal Capital offer the below funding payment methods accept Credit cards, Neteller, among other payment methods. Learn more here

How can I start trading with Personal Capital?

When opening a trading account with Personal Capital, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Personal Capital trading platforms here.

Is my money safe with Personal Capital?

Personal Capital is not currently regulated. Do not let this stop you considering Personal Capital, just make sure you are aware of the risks. It is not uncommon for investors to deal with either regulated or non-regulated brokers. Unregulated Brokers can trade for you in any country you want. In Europe for example some regulated brokers will not accept customers in the USA.
Unregulated brokers run their business with lower operating cost. This is because they do not have to pay for costly regulations or license fees. Unregulated brokers charge less than regulated brokers. The cost savings are passed to you as a trader which means better return on investment.