Getting into the online trading industry is easier today than it has ever been. However, right at the very beginning, you are faced with, arguably, one of the most important decisions you will ever face. Choosing a good brokerage will have a big impact on your trading career, both in the term of enjoyment and profitability. This is why it is extremely important to take your time and do your research before committing to find out if any given brokerage fits all your needs. Today we address one brokerage that has caught our attention recently. After spending weeks treading with it, we are ready to give our final thoughts. Our ManCapitalGroup review will break down all of its features and hopefully, by the end, you will get a good idea of whether this is a brokerage for you.
ManCapitalGroup has created several account types to fit the needs of different types of traders. There are six distinct tiers, each with its own list of benefits. Sadly, there is no Demo account, so you will need to put some money down if you want to experience everything first-hand. We have deconstructed each of those so that you know which of them is better suited for you. Do note that these do contain some unorthodox titles, so be sure to go through them thoroughly to know what you are getting into.
We imagine this serves replacement to the traditional demo account, as the asking price is as low as $250. At this price point, you get full access to the platform with more than 200 assets to choose from. In addition, you receive a daily market review each day to keep you up to date with all market news. Your starting leverage on Trial account is up to 100.
The Basic account requires a minimum deposit of $5,000 or more. At this price range you receive improved spreads and leverage, trading bonus, your own dedicated account manager and tier 3 access to trade room.
If you feel even more ambitious, you can opt for the Gold account that start at €10,000+. This is one of ManCapitalGroup most popular accounts. This is probably due to the fact that it represents best value for money. Notable perks include financial and risk management planning and special ventures.
The Platinum account requires a minimum balance of €25,000. In addition to everything previously mentioned, you get trading signals, invitations to VIP events, private analyst sessions and tier 2 priority withdrawal.
You would need to deposit at least €50,000 to get to the Diamond tier. At this stage, leverage is up to 400, you get access to diamond spreads, Bitcoin package when it comes to the trade room, full access to all educational content and ultimate withdrawal priority.
VIP account is invitation only which means that it will be unobtainable for the majority of traders. Sadly, there is no information on steps necessary how to achieve this status, or what the associated benefits. The only thing that makes sense is the fully customisable experience that some other brokerages offer at a similar level.
Similar to many modern brokerages, ManCapitalGroup offers numerous educational resources to form a tighter bond with its clients. It uses an already established formula for presenting this content. Some are made available to all from the website at all times, while the more advanced stuff is locked behind a paywall. In the previous section, you could learn about what educational perks are associated with what account. That material is intended for advanced users, and if you are just starting out in this industry, it is heavily advised you master the basics that are located within the Resources section of the website.
This content is made for beginners to help them grasp trading fundamentals. You can start with the Glossary and Asset index to familiarize yourself with the terminology and how you can interact with different types of assets. Once you master the basics, you can move on to the eBooks section that holds a vast library of useful material ranging from Capital management to Global trading. All eBooks can be accessed on the website or downloaded for later offline use. They are all well illustrated and do a great job introducing new concepts gradually, so don’t be afraid even if you are a complete beginner. Reading these will get you up to speed so that you can start trading with confidence.
ManCapitalGroup introduces its own custom-made, web-based trading platform. Its biggest advantages are its flexibility, performance, stability and security. By having full control, ManCapitalGroup managed to focus on those aspects they deemed more important for traders. The end product is something superior to most other solutions nowadays, but we imagine many traders will have a hard time letting go of something they have grown accustomed to. On the other hand, beginners will have a much smoother time, especially due to the platforms’ intuitive and user-friendly design. Everything important is accessible from within the platform. Interacting with the real-time performance monitor is especially smooth given how much you can interact with it, and how many tools you can use to perform your own analysis. The only issue we had was the absence of some advanced analysis tools. However, if you are not the most hardcore trader/analyst, you will hardly notice this. There are numerous shortcuts placed on the platform to allow you to reach anywhere you need to go. This helps you to remain immersed in the trading experience and is a small but a very notable quality of life improvement.
Getting in touch with the representatives is easy due to several communication channels. You can reach out via email, call centre or the quick chat feature. All of them seem equally efficient so it is down to your own preference. The one thing to keep in mind is the working hours:
- Chat operators – Monday to Thursday 08:00 AM – 23:00 GMT and Friday 08:00 AM – 15:00 GMT
- Phone operators – Monday to Thursday 08:00 AM – 23:00 GMT and Friday 08:00 AM – 15:00 GMT
Always keep this in mind to avoid getting into awkward situations.
When it comes to funding your account, ManCapitalGroup sticks to the true and tested methods. You can make deposits and withdrawals via credit or debit cards or via wire transfers. By sticking to only bank-related methods, this brokerage manages to offer complete fund security which is more than it can be said for some brokerages. If you are used to using your eWallet, you are out of luck as you are restricted to only using bank methods. Your waiting times can vary depending on your provider, but generally speaking, they are on par with the rest of the industry.
ManCapitalGroup has created a stable trading environment that welcomes traders of all levels. With a stable and super performing platform, good support system and an above-average library of educational resources, this brokerage has something for everyone regardless of their prior experience. If you are considering changing your broker or simply trying out online trading for the first time, ManCapitalGroup would be a great choice. Based on our first-hand experiences, we are issuing our full-hearted recommendations.