On its website, MyCapitalint displays charts that were created by third parties; furthermore, the website itself is somewhat peculiar. Both the structure and the placement of the material are exceedingly clumsy, which gives the impression that the broker is dishonest.
The user interface (UI) of their website (mycapitalint.com) is quite similar to those of several other scams that I have discussed on this page. The website’s contact page does not provide any useful information, and all of the relevant specifics are obscured by the text ‘XXXX’.
You’ll find out in this evaluation of MyCapitalint whether or not you can put your faith in this broker by looking at the following:
MyCapitalint Regulatory Framework and License
MyCapitalint is a shady broker and a likely fraud because its regulatory information is incredibly misleading. This is evidence that MyCapitalint is a scam.
According to MyCapitalint, its regulatory body is MiFID, which stands for the Markets in Financial Instruments Directive. MiFID is nothing more than a piece of EU legislation that enables the brokers’ licensing system in the EU. The MiFID is not an authority that issues licenses; it is merely law.
Aside from that, there is no additional information available concerning the oversight of MyCapitalint. As a result, we are able to draw the conclusion that MyCapitalint is a broker that is neither licensed nor regulated. You should steer clear of doing business with them.
Be aware of brokers who are not licensed and who are not regulated. These brokers do not adhere to the severe norms and regulations imposed by well-known institutions like the Financial Conduct Authority or the Cyprus Securities and Exchange Commission. Due to the fact that these brokers are not regulated, they have the ability to steal your money or data through shady methods while still remaining unpunished.
The authorities in charge of regulation maintain a careful eye on licensed brokers to ensure that they do not conduct themselves in a way that is detrimental to their clients. In the event that a broker does operate in a manner that is detrimental to their client’s interests, those clients have the ability to seek insurance reimbursement from their appropriate authorities. For instance, CySEC will pay out twenty thousand euros in the event that the broker declares bankruptcy. A broker is required to demonstrate to regulators that they maintain their own running money distinct from the trading funds of their customers.
Trading with unregulated brokers comes with a high level of risk because these brokers do not offer the same benefits as registered brokers. Trading with unregulated brokers is something you should try to avoid at all costs if you want to keep your money and data safe from criminals.
MyCapitalint’s Terms and Conditions for Trading
When trying to determine how reliable a broker is, it can be very helpful to look at the trading conditions that it offers. Before you join up with a broker, it is imperative that you thoroughly examine the market conditions that they offer. It prevents you from signing up with the wrong broker in the event that you do so. Let’s check to determine if the terms of trade offered by MyCapitalint are acceptable or not:
Trading Platform
On its website, MyCapitalint displays charts that were created by third parties; furthermore, the website itself is somewhat peculiar. Both the structure and the placement of the material are exceedingly clumsy, which gives the impression that the broker is dishonest.
The user interface (UI) of their website (mycapitalint.com) is quite similar to those of several other scams that I have discussed on this page. The website’s contact page does not provide any useful information, and all of the relevant specifics are obscured by the text ‘XXXX’.
You’ll find out in this evaluation of MyCapitalint whether or not you can put your faith in this broker by looking at the following:
- The website of MyCapitalint
- MyCapitalint Regulatory Framework and License
- MyCapitalint is a shady broker and a likely fraud because its regulatory information is incredibly misleading. This is evidence that MyCapitalint is a scam.
According to MyCapitalint, its regulatory body is MiFID, which stands for the Markets in Financial Instruments Directive. MiFID is nothing more than a piece of EU legislation that enables the brokers’ licensing system in the EU. The MiFID is not an authority that issues licenses; it is merely law.
Check out this post by Invesco Financial for something similar:
Aside from that, there is no additional information available concerning the oversight of MyCapitalint. As a result, we are able to draw the conclusion that MyCapitalint is a broker that is neither licensed nor regulated. You should steer clear of doing business with them.
Be aware of brokers who are not licensed and who are not regulated. These brokers do not adhere to the severe norms and regulations imposed by well-known institutions like the Financial Conduct Authority or the Cyprus Securities and Exchange Commission. Due to the fact that these brokers are not regulated, they have the ability to steal your money or data through shady methods while still remaining unpunished.
The authorities in charge of regulation maintain a careful eye on licensed brokers to ensure that they do not conduct themselves in a way that is detrimental to their clients. In the event that a broker does operate in a manner that is detrimental to their client’s interests, those clients have the ability to seek insurance reimbursement from their appropriate authorities. For instance, CySEC will pay out twenty thousand euros in the event that the broker declares bankruptcy. A broker is required to demonstrate to regulators that they maintain their own running money distinct from the trading funds of their customers.
Trading with unregulated brokers comes with a high level of risk because these brokers do not offer the same benefits as registered brokers. Trading with unregulated brokers is something you should try to avoid at all costs if you want to keep your money and data safe from criminals.
Also, for more information, see Alliance in Motion Global 2023.
MyCapitalint’s Terms and Conditions for Trading
When trying to determine how reliable a broker is, it can be very helpful to look at the trading conditions that it offers. Before you join up with a broker, it is imperative that you thoroughly examine the market conditions that they offer. It prevents you from signing up with the wrong broker in the event that you do so. Let’s check to determine if the terms of trade offered by MyCapitalint are acceptable or not:
Trading Platform MyCapitalint platform trading platform
A standard web-based trading platform is utilized by MyCapitalint.com. It is fairly popular with dishonest brokers because it provides them with some valuable screenshots that they can use to deceive newcomers to the trading market.
Their platform provides an extremely restricted set of functionality and is in no way a viable alternative.
MetaTrader is universally regarded as the superior option among trading platforms. Because of the extensive number of advantages that they provide, MetaTrader 4 and 5 are currently among the most widely used trading platforms in the foreign exchange market. In order to assist you in making more informed decisions regarding your trading, MT4 gives you access to real-time as well as historical data, interactive charts, and online quotations. On any of the other trading platforms, you won’t find such convenient features.
Therefore, you should always check for brokers that offer MT4 or MT5 platforms.
Payment Methods Available and Fees for MyCapitalint
Various Methods of Transactions
MyCapitalint enables you to conduct financial transactions using a variety of digital currency wallets, including Bitcoin, Dash, Namecoin, Ethereum, Doge, Vertcoin, and Litecoin, among others.
Due to the fact that the majority of the material on this broker’s website is somewhat vague, they do not indicate any minimum withdrawal limit. When working with this broker, finding anything of value is really challenging.
Fees
The broker does not provide any information regarding the costs of their services. This is extremely risky since it gives the broker the ability to impose unethical fees on your trading account after you have already invested monies into it.
They have the ability to deplete all of the funds in your account, leaving you with no means to get those funds back. MyCapitalint is not a company that I would recommend doing business with because they use this strategy, which is pretty prevalent among Forex frauds.
Is It a Fraud to Use MyCapitalint? Yes!
At this point, it should come as no surprise that MyCapitalint is a hoax. Con artists come in a wide variety in the foreign exchange market. Scammers in this industry typically concentrate their efforts on convincing novice traders and newcomers to the market to join their platforms by making false claims and offering bonuses.
They coerce the user into signing up on their platform and agreeing to the terms and conditions, which are often misleading. People typically ignore the terms and conditions in the fine print when joining up with such brokers since they are hidden in the small print.
Then, in order to remove the monies that have been deposited into the trading accounts of their customers, they will either invent justifications or employ hidden fees. By requiring a sizable initial investment from each customer, the company guarantees that it will obtain a sizeable sum with which to commit fraud.
