Personal Capital Guide – Read our In-Depth Personal Capital Review
This Personal Capital review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Personal Capital review does not apply to US users.
If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will get proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan will create hefty returns. Personal Capital is just one such stage that will take you and your investment into great heights. It is crucial to know about Personal Capital before you trust them with your money.
Our entire Personal Capital Review covers everything you need to know about trading using Personal Capital. A good agent can multiply your first investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully assess your agent before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Personal Capital is a broker which has paved its way successfully into the brokerage world. In this review, we have attempted to collate some of the vital facets of Personal Capital. This review will help you to understand whether Personal Capital is a good fit for your own investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Personal Capital Review, Table Of Contents
- Who are Personal Capital?
- Benefits Of Trading With Personal Capital
- Everything you should know about trading with Personal Capital
- Is Personal Capital Safe To Trade With?
- Pro's & Con's Of Trading With Personal Capital?
- Compare Brokers Similar To Personal Capital
- Regulation And Licencing In More Detail
- Personal Capital Awards
- Minimum Deposit Required For A Live Account With Personal Capital
- Personal Capital Commission And Fees Explained
- Compare broker fees against Personal Capital
- Personal Capital Withdrawal Fees Explained
- Personal Capital Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Personal Capital?
- Alternatives To Personal Capital
- Frequently Asked Questions About Personal Capital
Who are Personal Capital?
Personal Capital is a foreign exchange broker headquartered in USA and provides a range of tools for trading. Since its start in 2008, Personal Capital has emerged as a leading player in the field of online brokerage. Personal Capital has an extremely aggressive and full-featured trading website that's focused on currency, indices, metals, stocks , commodities.
Over the past 13 years, Personal Capital has grown into one of the leading online brokers.
After launching in 2008, their customer base has become as large as 10,000+ clients.
Personal Capital is a favorite of many dealers.. Our Personal Capital review found that they're an excellent alternative for automated trading solutions. It's most appropriate for investors that are searching for a variety of assets. Social and automated trading options are the core at Personal Capital.
Technology plays a significant role at Personal Capital. Personal Capital offers trading on Desktop,Android,Tablet,iPhone. Personal Capital is fair, transparent, and a well-regulated agent by the Unregulated. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The educational section at Personal Capital is quite enlightening for new traders as it allows them to get a closer look in the financial markets. Personal Capital caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.
If you feel that Personal Capital is not right for you then at the bottom of this Personal Capital review you wil find a lot of alternatives to Personal Capital.
Everything you should know about trading with Personal Capital
Personal Capital is a dynamic platform that offers various procedures of online trading. These tools cover the monetary markets substantially. Most of the broker platforms offer less methods than Personal Capital
If you want to trade with Personal Capital, you'll require a minimum deposit of $100000. This deposit is mandatory if you would like to begin trading using Personal Capital. This 2021 Personal Capital review will guide you easily about trading with them.
Personal Capital is as flexible as another broker platform. Personal Capital is excellent for traders that want a manageable variety of cheap services. The programs offered by Personal Capital are third-party, white-label offerings. All traders can pick from Desktop,Android,Tablet,iPhone.
Together with everything, Personal Capital has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade has to be kept available. The agents offer premium customer service that rewards customers with benefits.
Many unprofessional brokers try to pressurise users into bigger financing for premium services. Personal Capital, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will come along.
Personal Capital accounts are available globally and provides quality service everywhere they have customers. There are a few countries where Personal Capital accounts are not available. Traders in the following countries cannot open or use a Personal Capital account:
Is Personal Capital Safe To Trade With?
Launched in 2006, Personal Capital has been in operation for 13 years, they have a head office in USA.
Personal Capital is regulated by Unregulated. These bodies have rules that make sure that trading platforms have ploicies in place to keep investor's resources secured. This means that Personal Capital users do not need to worry about their money since it's segregated and safely kept in banks that are established. SSL encryption secures every user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with Personal Capital for increased safety. An SMS with the verification code will be sent to your phone. You will be required to input this code to log in to your accounts.
Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more widespread in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With Personal Capital
Every online trading platform has some ups and downs, and no Personal Capital review would be complete without having a balanced approach. This Personal Capital review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Personal Capital Pro's
- Personal Capital is trusted by 10,000+ clients
- Personal Capital doesn't charge inactivity fees
- Personal Capital doesn't charge deposit fees
- Personal Capital doesn't charge CFD fees
- Personal Capital offer trading on Desktop,Android,Tablet,iPhone
- Personal Capital offer 277 trading instruments
- Personal Capital can communicate in
Personal Capital Con's
- Personal Capital does not offer Negative Balance Protection
- Personal Capital does not offer Guaranteed Stop Loss
- Personal Capital charge withdrawal fees
- Personal Capital doesn't trade major forex pairs
- Personal Capital doesn't trade minor forex pairs
- Personal Capital doesn't trade exotic forex pairs
- Personal Capital doesn't offer trading on cryptocurrencies
Personal Capital Review - Compare Brokers Similar To Personal Capital
|Personal Capital||Binary Mate||Capital Index||XGLOBAL Markets|
|Regulated By||Unregulated||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), FCA FRN 709693||Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Personal Capital Review - Regulation And Licencing In More Detail
Personal Capital is regulated by Unregulated.
Personal Capital, as a company, has a strong set of rules for ensuring honest trading on its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
Personal Capital Review - Awards
- At the time of writing this Personal Capital review, they had not received any awards.
Personal Capital Review - Minimum Deposit Required
The minimum deposit you need to get started on Personal Capital is $100000. This is a decent amount for those just beginning. You can create more complex residue as you go along. But, ensure that you know how to make the most of your cash before investing larger sums.
Personal Capital Review - Commission And Fees Explained
Personal Capital is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you're spending a spread, funding rate, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, Personal Capital doesn't charge high fees compared to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees billed by Personal Capital are relatively higher. Consequently, you're charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This Personal Capital review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Personal Capital
|Personal Capital||Binary Mate||Capital Index||XGLOBAL Markets|
Personal Capital Review - Withdrawal Fees Explained
Personal Capital charges a withdrawal fee if you create a bank transfer. Each time you move money into your bank account, these withdrawal fees become important.
Withdrawal of money is possible at any time from your Personal Capital account. You can draw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't necessarily have to have any cash on your account.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money will be sent to the card. Personal Capital will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are choosing to withdraw in.
Personal Capital Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind while open an account with Personal Capital. An inactivity fee is an amount charged to registered dealers who have not engaged in buying or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 agent to another and is not generalized. If a dealers account does not have a buying or selling trade, it's claimed by the broker as an inactivity fee. The traders have to pay this commission under terms and conditions they had consented while registering.
Personal Capital doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been implied by Personal Capital, it is better that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the broker beforehand.
Personal Capital Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this operation.
Personal Capital doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Personal Capital trading platform is easy. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity proof and proof of residency to deposit large sums.
Personal Capital Review - Compare Broker Deposit Methods
|Personal Capital||Binary Mate||Capital Index||XGLOBAL Markets|
What Can You trade With Personal Capital?
Note: Personal Capital offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ based on the country of residence of the client.
Personal Capital has a wide variety of over 277 instruments available for you to trade with.
If trading forex pairs is of interest to you then Personal Capital offer over currency pairs.
Compare Personal Capital, Binary Mate, Capital Index & XGLOBAL Markets below.
Alternatives To Personal Capital
If, after studying this Personal Capital review, Personal Capital does not quite fulfill your requirements check out these Personal Capital alternatives.
We have scoured the internet to find the best alternatives to Personal Capital. Click the links below to learn more.
Frequently Asked Questions about Personal Capital
Can I try Personal Capital before I buy?
Yes, you can most certainly try Personal Capital before you buy. Personal Capital provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demonstration account on Personal Capital, you will set out with a decent amount of virtual currency. It's to establish a sense of security and confidence in you before you choose to spend your own money.
With this virtual Personal Capitaldemo account, you can experiment in any way, to whatever length you wish. You might even open positions, examine different trading approaches, and much more.
Personal Capital specifies on its official website that you are able to trade real time stocks in a demo account.
Is Personal Capital safe?
It is possible to drop all of your worries since we believe that Personal Capital is totally safe to use. It's in compliance with the principles of Unregulated.
Nevertheless, Personal Capital doesn't provide assured stop-loss protection.
Why does Personal Capital ask for my passport?
The reason that Personal Capital asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Personal Capital has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Personal Capital must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Personal Capital?
The process to start trading withPersonal Capital is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Personal Capital website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Personal Capital is $100000. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Personal Capital.
The best way to kickstart your trading career with Personal Capital is to open a demo account facility before risking any real money
What funding methods do Personal Capital accept?
There are a number of methods to finance your account with Personal Capital. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all country. The monies Personal Capital
Is my money safe with Personal Capital?
Yes, your money is safe and protected with Personal Capital. As you know, Personal Capital works with proper conformation to. It has established plenty of measures to guard all its own investors.
Personal Capital protects its clients' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can enable Two-Step Verification as well. It requires an SMS affirmation for you to access your account.
Is Personal Capital trading good?
Yes, trading via Personal Capital is a nice and good experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you can even obtain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does Personal Capital support?
Personal Capital operates around the world. However, due to regulations there are some countries that Personal Capital does not accept clients from
Is Personal Capital legit?
Personal Capital is a legit company headquarted in USA since 2008. They are regulated by Unregulated. Personal Capital is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Personal Capital a good broker?
Personal Capital is a great broker, and its own users may vouch for it. The highlight of the platform is its quick order execution on transactions.
You will find the clean layout of the platform along with the commendable features a pleasure to work with.
Is Personal Capital a trustworthy broker?
Yes, Personal Capital is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Personal Capital?
The minimum deposit to open a live account with Personal Capital is $100000
How long do Personal Capital withdrawals take?
Normally, withdrawal of money from Personal Capital is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Personal Capital to show in your bank account.
Are Personal Capital regulated?
Personal Capital are regulated by Unregulated
Is Personal Capital a market leading broker?
Personal Capital is indisputably one of the business leaders. It has over 10,000+ registered customers and over 13 years of experience on its own record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide selection of tools plus resources so that you can invest in capital markets.
Is Personal Capital a con?
No, Personal Capital is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Personal Capital is not a scam.
Can you make money with Personal Capital?
Using Personal Capital, several traders make a lot of money. However, typically, through continual trading, you can make between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a substantial number of gains. While Personal Capital provide you all the tools to make money, they can't guarantee you will profit.
Does Personal Capital have fees?
Yes. To begin trading using Personal Capital, you need to deposit $100000. Certain commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.
When was Personal Capital founded?
Personal Capital was founded in 2008 in USA. Personal Capital is regulated by Unregulated.
How many people use Personal Capital?
Personal Capital is a globally recognised broker with 10,000+ customers.
Where is the Personal Capital head office?
Personal Capital has its head office in USA
Does Personal Capital offer negative balance protection?
No. Personal Capital does not offer negative balance protection. If your balance is negative, Personal Capital indicates you contact client services. With this, you are able to fix any imbalances in your own account.
Does Personal Capital offer guaranteed stop loss?Personal Capital regrettably, does not provide guaranteed stop loss. Personal Capital provides a chance for its traders to close their trades in their specified price. Aside from this, Personal Capital does not provide guaranteed stop loss.
Does Personal Capital allow scalping?Yes, Personal Capital do permit scalping. Many traders across the world choose Personal Capital for their scalping services. They offer trading on Desktop,Android,Tablet,iPhone which let this.
Does Personal Capital allow hedging?
Yes, Personal Capital does allow hedging.
Can you trade energies with Personal Capital?
No, unfortunately you cannot trade energy stock with Personal Capital
Can you trade agricultural shares with Personal Capital?
No, unfortunately you cannot trade agricultural stock with Personal Capital
Can you trade cryptocurrency with Personal Capital?
No, unfortunately you cannot trade cryptocurrency with Personal Capital
Can you trade metals with Personal Capital?
No, unfortunately you cannot trade metals with Personal Capital
Can you trade UK Shares with Personal Capital?
No, unfortunately you cannot trade UK shares with Personal Capital
Can you trade US Shares with Personal Capital?
No, unfortunately you cannot trade US shares with Personal Capital
Can you trade Japanese Shares with Personal Capital?
No, unfortunately you cannot trade Japanese shares with Personal Capital
Can you trade German Shares with Personal Capital?
No, unfortunately you cannot trade German shares with Personal Capital
Does Personal Capital accept bank transfers?
No, Personal Capital does not accept bank transfers.
Does Personal Capital accept credit cards?
No, Personal Capital does not accept credit cards.
Does Personal Capital accept PayPal?
No, Personal Capital does not accept PayPal.
Does Personal Capital accept Skrill?
No, Personal Capital does not accept Skrill.
Does Personal Capital accept Payoneer?
No, Personal Capital does not accept Payoneer.
Does Personal Capital accept Neteller?
No, Personal Capital does not accept Neteller.
Does Personal Capital offer Live Chat customer support?
No, Personal Capital does not offer customer support through live chat.
Does Personal Capital offer phone customer support?
No, Personal Capital does not offer customer support over the telephone.
Does Personal Capital offer email customer support?
No, Personal Capital does not offer customer support through email.
What languages can Personal Capital communicate in?
Personal Capital has the ability to communicate and support customers who speak:
Does Personal Capital have a wikipedia page?
No, Personal Capital does not have an official wikipedia page.
Does Personal Capital offer demo accounts?
Yes, Personal Capital offers demo accounts so you can learn their systems before risking any real money.