MyCapital is a new unregulated CFD broker that opened in January 1st 2020. Their main website is at: https://www.mycapital.io/ however, to login to your account, go to: https://clientmycapital.cc/sign-in.
For withdrawal problems or complaints, read this.
MyCapital Broker Review
Investors at MyCapital are given the Status web-based CFD trading platform, which is user friendly, and simple to use. You can also choose to use the industry standard MT4 desktop trading platform. Mobile apps are the default MT4 Android & Apple apps.
A wide range of underlying assets are available for CFD trading including; Forex Major, Forex Minor, FX Exotic, Crypto, Metals, Commodities, Indices, and World Shares. Margin rates on BTC were 1:1 and the spread was $80. Minimum deposit for a trading account at MyCapital is $250, and they use Naspay as their payment processor.
When you select the various payment options, it starts to show where your money if going. We tried to deposit via Xpate, and it shows our money is going to StockFunds.co.
Is MyCapital a Licensed Broker?
No, MyCapital is not licensed, and they are not regulated brokerage firm. Officially they are owned by; White Rock Partners Ltd, it says they are located at; Suite 305, Griffith Corporate Centre, 1510, Beachmont Kingstown, Saint Vincent and the Grenadines. No phone number was listed on their website, however they show a customer support email address of: firstname.lastname@example.org.
The way that the Scam Broker Investigator reviews a new online broker to see if they are a scam or legit, we check for a license from any of the government financial regulators. All online broker offering trading services in Crypto, Forex or Shares, must have a license from the FCA in England or ASIC in Australia.
Investors that use a local broker, with a license from the government financial regulator, ensures you will not have issues when it comes time to withdraw your money.
Review The Best Brokers!
New investors seeking a legitimate CFD broker, have plenty of good companies to choose from. Some professional investors will maintain multiple trading accounts at different brokers, which they use based on markets trading conditions.
Pepperstone is a very popular broker, licensed by the FCA and ASIC, with the tightest spreads on Crypto CFDs!
You can choose from cTrader, MT5 or MT4 trading platforms, see here.
Get a Free Trading Account, signup here.
Existing clients of MyCapital are invited to share their experience using this broker with other investors, in the comments section below.