MyCapital

MyCapital is a brokerage company that was registered in France and appears to have been founded on 26 May 2020. Publicly available records indicate that the firm operated with a minimal corporate presence—zero employees reported—and its official website is currently offline. This means prospective clients can no longer obtain direct security information or promotional materials from the broker itself.

From what can be pieced together, MyCapital targeted retail forex and CFD traders, offering a tiered account structure with high minimum deposits. The broker’s French registration gave it a surface-level appearance of legitimacy, but as we explore below, it lacked any recognised regulatory licence.

Most critically, MyCapital does not hold a licence from any financial market regulator. Searches of key public registers—including the Autorité des Marchés Financiers (AMF) in France, the ACPR, and other relevant bodies—yielded no active authorisation. The company is therefore an unregulated entity.

Traders should understand that unregulated brokers are not required to segregate client funds, may not have mandatory insurance or compensation schemes, and can change terms without external oversight. In the event of a dispute, clients have no recourse to financial ombudsman services or investor protection funds.

Despite the lack of regulation, MyCapital advertised four distinct account levels, each with steep minimum deposits. The lowest tier—the Cent account—required a $250 deposit, with a minimum spread of 2.4 pips. Next, the Mini account needed $1,000 and tightened spreads to 1.4 pips. The Standard account called for a $10,000 deposit with a 0.4 pip spread, while the VIP account demanded $100,000 for the same 0.4 pip spread (and likely additional privileges that were never fully disclosed).

Notably, the maximum leverage was not specified for any account tier, which is unusual for a broker and can be a red flag. Commissions and other trading costs were also absent from the available data. The minimum spread figures alone do not give a full picture of real trading costs, and with the website down, traders cannot verify current conditions.

The broker did not publicly disclose its deposit or withdrawal methods. This opacity is a serious concern because funding methods can affect transaction speed, fees, and the ability to retrieve money later. Without clear details, a trader cannot know whether they are sending funds to a segregated client account or directly to the company’s operational account.

MyCapital also left no public record of the tradable instruments it offered—whether forex pairs, indices, commodities, or other CFDs is unknown. Similarly, the trading platform it used (Metatrader, cTrader, proprietary, etc.) remains a mystery. The complete absence of these product details, combined with an unregulated status, is practically unheard of among legitimate brokers.

The few user reviews left on independent platforms paint a grim picture. On Trustpilot, the broker scores 1.8 out of 5 from 16 reviews, with multiple accusations of being a scam. A detailed reviewer alleges that a client lost €60,000 and that a formal police complaint was filed. Another simply warns traders not to deposit any money.

There are no positive remarks about the broker’s platform, withdrawals, or customer service. In such a small review set, the total absence of praise reinforces the pattern seen in more formal risk assessments.

Given its unregulated status, lack of transparency, and severely negative user feedback, MyCapital is not a suitable choice for any retail trader. Even experienced investors who might tolerate higher risk should avoid a broker that provides no verifiable protection for client funds and has a documented history of being reported as a scam.

The broker’s own account tiers—requiring thousands to hundreds of thousands of dollars—would only make sense for high-net-worth individuals, yet those same individuals typically demand strict regulatory oversight and segregated accounts, neither of which MyCapital offers.

MyCapital is an unregulated French-registered broker with no active website, zero disclosed employees, and no public details on its trading platform, instruments, or funding methods. The broker’s account structure suggests it courted serious money, but the absent regulation and rising scam accusations render it extremely risky. FXCanary’s own internal Scam Risk Score places it at 75 out of 100 (Severe risk), and the user reviews only confirm the danger.

Traders looking to open an account would be far better served by a fully regulated provider where client fund protection, transparent pricing, and clear dispute resolution mechanisms are guaranteed.