One of the more fun and investor-friendly platforms out there is Kapitall. Kapitall originally started out as more of a game, with a format that allowed you to build a portfolio and track your performance, but now the company has received the proper licensing to be a broker, so it’s possible to trade stocks using the company’s unique drag and drop model.
Kapitall is easy and fun to use. The design is unique and refreshing, and you can use drag and drop to add investments to your portfolio. For the investor looking to build a portfolio, or try new ideas, Kapitall can work well. You get access to real time news and quotes, and there is a great stock screener that can help you find what you are looking for. Additionally, Kapitall has some great comparison tools to help you see where an investment stands relative to other investments in the same sector or industry.
Pricing for Kapitall is a little on the high end at $7.95 per trade. However, if you follow the Twitter account run by Kapitall, you might get access to different deals. Last summer, Kapitall ran a “happy hour” promotion in which trading was free during a different hour each day. There are a number of promos and opportunities offered by Kapitall that can help you reduce your costs.
Using the “playground” to build a test portfolio is free, and doesn’t require very much personal information. Indeed, this is one of the best features of Kapitall, since you have the opportunity try things out and see how your strategies work in real time.
The biggest issue with Kapitall, though, is your limited options. You are restricted to stocks and other exchange-traded securities and ETFs. You have to invest using a “regular” taxable account, and you don’t have the same options available with Kapitall as you would with one of the larger online brokers.
However, there is a good community with Kapitall, and a live chat. The people in charge are great to work with, and interested in making a product that is fun and easy to use. I have worked with some of the people involved with Kapitall in the past, and personally know them, so that does color my review to some degree. You can do your research, and get good information on Kapitall, and it’s a great tool for building hypothetical portfolios that you test out before committing your own money.
Another bonus is that you can earn “Kapitall Koins” depending on how well your portfolio does. You can use these coins to make purchases of rewards in the Kapitall store. And it’s really hard to beat the ease of use when it comes to Kapitall. Traders interested in a wide variety of options probably won’t find enough for them with Kapitall, though.