There are very few reviews of the broker MyCapitalInvest24 on the internet, which can literally be counted on the fingers of one hand. What kind of company is this and can it be trusted? The broker talks about 6 years of experience and more than 3 million happy and satisfied users. However, we do not think this is true, as no evidence is provided. Despite having a listed legal address in the UK, the absence of a license from the British Financial Conduct Authority raises significant doubts.
How to Trade
MyCapitalInvest24 offers trading CFDs, and clients can use leverage to increase volumes, but no more than 1:100-1:400. This depends on the type of account that is activated:
- Basic. 24/5 customer support and leverage up to 1:100.
- Advanced. Additionally, traders receive daily market updates, personal access to an account manager, news alerts, swap discounts of 10% and spread discounts of 20%, and a 30% bonus on deposit replenishment.
- Premium. The same opportunities, but also includes portfolio management and live sessions with personal strategy.
According to information from the official website, for making trades and analyzing charts, MyCapitalInvest24 offers the MetaTrader 5 platform. This terminal is available in web-based, desktop, and mobile versions.
MyCapitalInvest24 Vital Info
Upon landing on the homepage of the site, you can see information about more than 6 years of activity and 3 million clients. Is this true? We doubt it because the domain of MyCapitalInvest24 was registered on September 12, 2023, not in 2017. How could a brokerage company operate without a website? The number of reviews online is super low, so it’s hard to believe that more than 3 million people are trading here.
Any broker from the United Kingdom must obtain a license from the Financial Conduct Authority. MyCapitalInvest24 stated its office address in London, but completely forgot about the license. Or did they not? After all, the company was not found in the registry of this regulator.
100% scammers who don't care about their clients. These scoundrels don't want to return $1.5K, and they don't even respond. I have never encountered such fraud before. It is the first time!!!
The company is fake... it's obvious right away... it took me 1 minute to understand the fraudulent nature of MyCapitalInvest24... it's a classic scam that rips people off... nothing new or interesting... if you don't want to just throw money out of your pocket, don't even look in the direction of this scam...
I'll try to briefly describe my experience with the broker. Spoiler – it's negative and sad. I lost more than $8000 in the fraudulent organization Mycapitalinvest24, so I want to warn everyone who wishes to start trading here - don't make the same mistake I did. You won't be able to withdraw money. It doesn't matter whether you know how to trade or not, anonymous scammers won't give you a cent back!
I started trading here three months ago. Everything was fine, and I even managed to earn $1000. But I learned about the company's true nature when I applied to withdraw part of my earnings. A week passed, but the funds did not arrive in my account. Since then, nothing has happened. I can't get in touch with the managers. I can't even get back the part that I initially deposited. There's just no chance. And I don't know what to do besides just resigning myself to it. That's a sad and terrible situation. Don't get into such troubles.
Firstly, where is the firm based? This is the first time I see a broker whose address is not punched through the official register. Secondly, why is there no license? It's better not to cooperate with illegal brokers. Thirdly, I understand this is 100% B-Book? Meaning a conflict of interest? Apparently, yes. Fourthly, I find it hard to believe about 6 years of experience, but 2-3 months sounds plausible. So, MyCapitalInvest24 seems to be a shady and dubious firm, definitely reeking of fraud.
Before starting to trade here, I decided to check the reviews online. It's very strange that there are few comments, although the site states 3M+ users. Some discrepancy. Also, I see no real confirmation that MyCapitalInvest24 has actually been operating since 2017. They could have provided some legal documents or links to registration registries. I didn't even see a license. Maybe all this exists, but it's only available to registered clients, but I decided not to take the risk. I didn't register a personal account because I decided not to take such a huge risk. Better to work for a normal company that is transparent and can provide all the necessary evidence. And about which there are many reviews online. MyCapitalInvest24 doesn't fit these criteria, but maybe someone took the risk and is making a profit. I'm happy for them.
I cannot comment definitively yet. On one hand, there's a modern platform, signals, analytics, personal manager assistance, and other opportunities. It's a pity that there is no precise information about commissions and spreads, but it seems to me that it's not difficult to find out from the representatives of MyCapitalInvest24.
But on the other hand, the lack of a license is a bit concerning. Otherwise, it seems unclear. Overall, I'll give an average rating. If someone can provide real evidence of the platform's solvency and its honesty, that would be great. Maybe I'll even open an account here.
I registered an account, as I intended to trade on their platform. But it turned out that it's not MetaTrader 5, but some poor and primitive web trader, which is absolutely unsuitable for serious trading.
I wrote to support to find out more details. But they didn't answer, even though 3 weeks have passed. I didn't even start to replenish the deposit because Mycapitalinvest24 immediately showed its bad side.
MyCapitalInvest24 looks ambiguous. I won't call the platform fraudulent because I haven't traded, but I also can't write anything good about it. It needs testing, but it's unknown what the minimum deposit is.
My friend suggested I start earning money with forex trading and proposed that I open an account with MyCapitalInvest24. I immediately understood that it was some kind of fraudulent trap, as it looks super unreliable. Thank God, my friend hadn't yet deposited money, as he would have certainly lost it.
We consulted with a more experienced trader, and he confirmed – they are scammers with a fake platform to steal money from people. You should also know the whole truth about the scam.
People fall for scams like MyCapitalInvest24, and I don't have an answer as to why. Such organizations engage in outright fraud, offering fake brokerage services, and they have been doing this for a long time. And yet, every time, there are gullible traders who believe in the fairy tales of scammers about supposedly the most profitable conditions, guaranteed income, and 100% safety, and then they write plaintive and angry reviews about how they were scammed and denied any withdrawal.
One should not trade in illegal rubbish companies like this trap! There's no license here because the firm isn't even officially registered anywhere. Did you find a legal address on the register of a legal entity? I didn't, because the scam doesn't exist legally. Moreover, the site mycapitalinvest24.com was created only a few months ago. It reeks of fraudulent signs!
mycapitalinvest24.com – a gathering of scoundrels and criminals who deceitfully dragged me into their fake and illegal company, took $3,000, and now are not responding. I don't know what to do, it was my last money…
Many conditions are hidden for unknown reasons. For example, commissions and spreads. I don't think that's a good sign. It's also curious how there can be a MetaTrader 5 platform here, as I didn't find Mycapitalinvest24 in the list of brokers connected to this software. Apparently, they lie about the platform too. So much lying – it's better not to get involved in such a scam, but to find a more reliable intermediary without lies.