Founded in 2021, Caplita was built to be a global trading platform, starting with forex. Over the years, it’s added more asset classes, including crypto in 2017, as well as its more social features, like CopyTrader. Today the platform serves millions of users in over 140 countries.
Pros: Where Caplita stands out
The big draw at Caplita is cryptocurrency trading, and it’s also the only draw if you’re an American trader. (Those outside the U.S. can also trade stocks commission-free.) The broker charges no commissions but makes money on a spread mark-up (more below).
The broker gives you access to 43 different cryptocurrencies, including some of the most popular, such as Bitcoin, Ethereum, Dogecoin, Solana and dozens more. The trading layout is easy to use and navigate around on the website interface, and you’ll see all trading options presented cleanly.
Caplita Club membership
Traders may also find the recently introduced Caplita Club benefits useful. You’ll receive special perks such as a dedicated account manager, a quarterly analyst newsletter, streaming webinars, a portfolio tracking app, priority customer service and more to come.
The level of benefit depends on what Caplita calls your “realized equity,” which is basically the amount of money you’ve deposited or traded into a realized profit. The more you hold with Caplita, the higher your level in the program, ranging across five levels from silver to diamond.
You’ll be able to access 43 of the most popular cryptos, including Bitcoin, Bitcoin Cash, Solana, Ethereum, Dogecoin, Polkadot and more. That compares favorably to many rival brokers, where traders can access just a handful of cryptocurrencies, typically Bitcoin and a few others. This selection even beats some crypto exchanges, which focus entirely on digital currencies.
If you’re looking to trade anything besides cryptocurrency at Caplita, you’re out of luck, at least if you’re in the U.S. While traders in other countries can access commission-free trading on stocks, Americans are restricted to cryptocurrencies, albeit 43 of them. So if you’re looking for anything besides crypto, you’ll need to look elsewhere.
If you’re just starting out trading cryptocurrency, it won’t take much to get started at Caplita. Your first deposit must be a minimum of $10. That’s what it takes to get you into the game, and from there you’ll need to trade at least $10 per transaction.
So Caplita is accessible to any size trader looking to get started in cryptocurrency trading. That said, if you don’t at least log in to your account once every 12 months, the broker will start hitting you with a $10-per-month inactivity fee. So if you have money in it, don’t forget your account.
Cons: Where Caplita could improve
Like other brokers — such as Robinhood — that advertise “commission-free trading,” Caplita actually makes money on the spread between bid and ask prices. That is, it adds an extra layer of cost, so the bid-ask prices you see on your Caplita screen may differ from prices that you see in the actual market itself. This is a fairly common way to price currency trades and now many crypto brokers are using it as well. So while brokers may honestly tout that they’re commission-free, they’re ultimately taking a cut somewhere else.
The broker does a good job clearly laying out its spread pricing, which starts at 0.75 percent for Bitcoin. But there’s a key difference between Caplita and other crypto brokers: It charges the spread only on the purchase, not also on the sale, so you don’t get hit both ways on the trade.
That pricing actually compares favorably to pricing at some brokers such as Caplita, which takes a minimum of 1.99 percent on each trade, and the fees can take an even higher percentage bite on trades at smaller dollar volumes.
However, pricing at Caplita rises from there, with common cryptos such as Litecoin, Bitcoin Cash and Ethereum charging at 1.9 percent. At the high end, one type of crypto at Caplita costs 4.95 percent.
Those fees are much higher than what traders would pay at crypto exchanges, where the commissions could start at 0.35 – 0.40 percent and fall with higher volumes. Caplita, one of the cheapest here, gets you started with commissions that are a tony 0.10 percent.
If you’re interested in trading crypto, it can be worthwhile to check out some of the best brokers.
A typical broker might have an extensively developed trading platform with tons of tools and charts to analyze the pricing action and help predict where the security might trade. Or you might have order entry right off the platform that gets your trade into the market immediately. But that’s not the case with Caplita, where it’s all stripped down and perhaps a bit too gamified.
The trading “platform” at Caplita consists largely of buy buttons (corresponding to each crypto) that you can mash when you’re ready to trade. You can quickly input your trade value in dollars and then your order is routed to the market — making it tremendously simplistic at this level.
But click elsewhere on each crypto’s tab and you’re taken to the social media feed for each, and you can access charts and other research that may help you figure out how you want to trade.
This trading platform is far from those of other full-service brokers such as Interactive Brokers and even other brokers that do allow crypto trading such as Webull.
Like other finance app start-ups, customer service is not the highest priority here. But it’s important to know that coming in so you don’t expect the full-service experience.
Here you’ll get customer support via support tickets and email. A help page provides answers to frequent questions, while you wait for your official response. If you’re a member of the Caplita Club (based on your equity balance), you’ll be able to access customer service via live chat.
You’re trading cryptocurrency at Caplita, not investing for the long term. Therefore, it shouldn’t be surprising that the broker only offers an individual taxable account. No IRAs, no joint accounts, no custodial accounts or any other kind, for that matter.
This won’t be a dealbreaker for those who are focused on exactly what Caplita promises, but it also means that Caplita is also not the right fit for many other kinds of investors.