User comment
0
CommentsWrite a review
No comment yet
Global Broker governance & inquiry App
No Regulation
Score
0123456789
.
0123456789
0123456789
/10
MyCapital
China|2-5 years| White label MT4|Regional Brokers|High potential risk|
https://mycapital.io/index.html
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
WhiteRockPartners-Demo1 MT4
Server Location 
Germany
GermanyContact
support@mycapital.io
https://mycapital.io/index.html
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
MyCapital
Company Abbreviation
MyCapital
Platform registered country and region
China
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
Previous Detection :
2024-04-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Users who viewed MyCapital also viewed..
XM
9.04
Score10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
IC Markets
8.92
Score10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
HFM
8.25
Score10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website
Sway Markets
7.70
Score1-2 yearsRegulated in AustraliaAppointed Representative(AR)Self-developed
Official website
Exposure
2 pieces of exposure in total Pyramid scheme complaint
ExposeMyCapital · Company Summary
| Basic | Information |
| Registered Country/Region | China |
| Regulation | No License |
| Minimum Deposit | $250 |
| Minimum Spreads | From 0.4 pips |
| Maximum Leverage | N/A |
| Trading Platform | MT4 trading platform available |
| Payment Methods | N/A |
| Customer Support | Email Support |
General Information
MyCapital is an online forex broker providing a series of trading instruments for its clients. This broker gives their clients multiple choices of trading accounts and access to the popular MetaTrader 4 platform.
MyCapital is not authorized or regulated by any regulatory authority. Please be aware of the risk.
Account Types
Four types of trading accounts are on offer: Cent, Mini, Standard, and VIP. Overall, the minimum deposit required by each account is quite high, with the Cent account from $250, much higher than its peers; requirements for this types of accounts. while the other three accounts even ask for more, the Mini account from $1,000, the Standard account from $10,000, the Standard account from $100,000.
| Account Types | Minimum Deposit | Max. Leverage | Spreads |
| Cent | $250 | N/A | From 2.4 pips |
| Mini | $1,000 | N/A | From 2.4 pips |
| Standard | $10,000 | N/A | From 0.4 pips |
| VIP | $100,000 | N/A | From 0.4 pips |
Obviously, trading with an unregulated forex broker requiring so high deposits is taking a huge risk of losing your money. Thus, extra vigilance should be taken.
Trading Platform
Clients of MyCapital are offered trading on Status Webtrader, as well as the industry leading MT4 trading platform. the presence of the MT4 is always considered as plus of any broker, as the platform provides a full set of trading tools and features: a number of built-in technical indicators, as well as other perks. Besides, the MT4 is available as desktop, web and mobile app devices.
Deposit & withdrawal
MyCapital allows its clients to make a deposit and withdrawal through multiple payment methods, which include PostePay, Sofort, UPayCard, VISA, Wire Transfer and Entropay.
In MyCapitals withdrawal policy, one can read that withdrawals are charged pretty salty and besides, a levy of 10% is charged to any withdrawal from an account that has not executed more than 200 in turnover. This is not a common practice among forex brokers and subjects their clients to unnecessary additional risk.
Customer support
MyCapital offers the poor customer support, and clients can only get in touch with this broker through an email: support@mycapital.io.
Pros & Cons
Some advantages and disadvantages of MyCapital are clearly listed below:
| Pros | Cons |
| MT4 trading platform | Not regulated |
| Four types of accounts to choose from | High minimum deposit |
| High Spreads | |
| Insufficient company info | |
| High withdrawal fees | |
| Only email support available |
2
start to write first comment