Review of: Kapitall
Reviewed by: Miranda Marquit
Last modified: March 20, 2018
Use Kapitall to test out any stock market theories with a test account, while learning to hone and simplify your investment strategy.
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.
Their mission is to simplify investing and make it easy to test out any stock market theories with a test account.
Then you can interact with other traders, share ideas and grow your net worth. And with their virtual cash portfolio, you can test your investing skills risk-free.
Kapitall Fees & Features
|Investment Types||Stocks, Penny Stocks, ETFs, Mutual Funds|
|Broker Assisted Trade|
|No Fee ETFs|
|Customer Service||Phone: M-F 9A-6P ET; Live Chat: M-F 9A-6P ET; Email|
How Kapitall Works
In their words, “If you can drag and you can drop, you can trade. It’s as simple as that,” and that’s the basis for how the Kapitall service works.
Opening an account with Kapitall is very easy, and takes only a few minutes. Simply fill out the form with the requisite personal information, and wait for approval, which happens quickly.
You don’t need a minimum to open the account or on-going balance that needs to be maintained. You also get a $50 bonus when you open an account, then get started building a hypothetical portfolio immediately. You can also choose to connect a bank account to Kapitall and transfer money for actual investing.
Drag and Drop Investing
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.
In recent years, 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.
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.
“Play” the Stock Market
Kapitall was founded in 2008 by video game entrepreneur Gaspard de Dreuzy and financial technologist Serge Kreiker. The service portrays itself as the leading investing platform newer investors who enjoy the gaming experience to break the traditional online trading mold.
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.
Kapitall gamifies investing by encouraging users to earn “Kapitall Koins” depending on how well your portfolio does. You can use these coins to make purchases of rewards in the Kapitall store. Compete against fellow Kapitallists in their monthly virtual stock Tournament to win up to $100K in cash prizes.
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.
|Stock Trades||$7.95/trade||$4.95/trade ($3.95/trade – 30 trades per quarter or $100k+ balance)||Free|
|Promotions||None||Get up to a $3,500 Cash Bonus||None|
|Review||—||Read the Review||Read the Review|
Pros and Cons
- Fun and Easy to Use — Kapitall started out more as an investing game, and that's still apparent in its functionality.
- Quick Setup — Opening an account with Kapitall is easy, and the approval process is very fast.
- No Minimum Balance — No minimum balance is needed to open or maintain an account.
- Expensive — Kapitall charges $7.95 per trade, which is a little on the pricier end.
- Limited Investment Options — You're limited to stocks, ETFs, and other exchange-traded securities.
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.