MyCapital Review

Our review of MyCapital began with a forensic examination of its registration and regulatory claims. We cross-checked the broker’s name and alleged registration details against the public registers of the Autorité des Marchés Financiers (AMF) and the ACPR in France, as well as other international databases. We also scoured corporate registries to piece together the company’s timeline and structure. Simultaneously, we analysed every available user review on independent platforms, focusing on the concrete experiences shared by real traders.

Our investigation drew on multiple data points: the company’s own (now defunct) disclosures, aggregated industry data from monitoring databases, and the real-world complaints filed by users. Each piece of evidence was evaluated for credibility and consistency, leading to a clear, if alarming, picture.

MyCapital was registered in France on 26 May 2020, giving it a jurisdictional address but no substance. Public records list zero employees, which is a red flag for any firm handling client funds. Legitimate brokers maintain compliance, support, and dealing teams; a company with no staff cannot credibly provide any of these functions.

The broker’s official website has been taken offline, so it is impossible to verify any claims it may have once made. The internet archive may hold snapshots, but a live, transparent web presence is a basic requirement for a trustworthy broker. The closure of the website often coincides with an exit scam or regulatory pressure.

In the absence of a live site, the only accessible description notes that MyCapital is an “unregulated brokerage company registered in France.” This frank admission is unusual and amounts to an open warning. Any trader encountering such language should immediately step back.

We found no evidence that MyCapital ever held a licence from any financial regulator. France’s AMF is one of the strictest European watchdogs, and a regulated French broker would appear in its public register. MyCapital does not. Similarly, we checked the registers of other EU national competent authorities under the MiFID passporting regime, as well as offshore hubs like the FSA Seychelles or the BVI FSC, and found nothing.

What does this mean for a trader? An unregulated broker has no legal obligation to segregate client money from its own operational funds. If the company becomes insolvent or simply disappears, clients join the queue of general unsecured creditors and rarely recover anything. Regulated firms, by contrast, often contribute to investor compensation schemes—in France, the Garantie des Titres provides up to €70,000 per client for failed investment firms. MyCapital clients would have no such safety net.

Moreover, regulation enforces certain operational standards: transparent pricing, fair order execution, and access to a dispute resolution body like the French AMF Ombudsman. All of these protections are absent with MyCapital.

The broker’s account structure, as gathered from historical data and industry databases, reveals four tiers—Cent, Mini, Standard, and VIP. The entry-level Cent account demands a $250 minimum deposit, which is higher than many regulated brokers’ basic accounts. Spreads start at 2.4 pips, a relatively wide mark-up by industry standards, especially when no commissions are mentioned. The missing leverage specification is troubling; without it, a trader cannot calculate margin requirements or risk.

The jump to the Mini account ($1,000 minimum) reduces spreads to 1.4 pips, but again, no leverage is disclosed. The Standard account requires a staggering $10,000 deposit, yet only tightens spreads to 0.4 pips. The VIP account demands $100,000 and offers the same 0.4 pip minimum spread. This suggests the broker expected to attract high-net-worth individuals while providing little additional value beyond the Mini level.

In our assessment, such account tiers are designed to extract large deposits upfront rather than to offer progressively better trading conditions. A genuine broker would typically include extra services—dedicated account managers, premium research, tighter commissions—to justify the higher tiers. With MyCapital, the details simply aren’t there, and the spreads alone do not justify the capital commitment.

MyCapital disclosed no deposit or withdrawal methods. This is a critical red flag because the funding method directly affects how quickly and safely you can retrieve your money. Credit card and bank transfer offer chargeback rights; cryptocurrency payments are irreversible. Without knowing what methods the broker uses, you cannot assess your chargeback options or the risk of your funds being rerouted to an offshore account.

The user record underscores the danger. One review details how a client deposited €60,000 and was unable to withdraw any of it. The complaint describes a deliberate theft rather than a processing delay. In our analysis of industry complaints, the inability to withdraw large sums is a hallmark of scam operations that allow small test withdrawals to build trust before blocking larger ones.

Vigilant traders should never fund an account without first confirming that the payment processor or bank account is in the name of a regulated entity. MyCapital’s opacity makes such checks impossible.

The broker left no trace of the instruments it offered or the trading platform it used. It is plausible it once advertised forex, indices, or commodities as most unregulated brokers do, but without a live website or archived documentation, we cannot confirm. The absence of a named platform—MetaTrader, cTrader, or a proprietary interface—is unusual. Fraudulent brokers often use pirated MT4/5 licenses or web-based platforms that simulate trading, giving the illusion of real market access while siphoning deposits.

Because there is no way to verify platform functionality or instrument range, any trader signing up would be entering a completely unknown trading environment. This level of opacity is incompatible with the due diligence a prudent investor should perform.

With no commission data and only minimum spread figures for the Cent and Mini accounts, it is impossible to calculate a true cost of trading. The 2.4-pip spread on the Cent account is expensive by retail standards, especially for major forex pairs. The 0.4-pip spread on the Standard and VIP accounts looks competitive, but without information on commissions, overnight swaps, or inactivity fees, it is a misleading figure.

Granted, the website is down, so we cannot check for hidden charges. However, unregulated brokers often impose withdrawal fees, account maintenance charges, and exorbitant rollover costs. Our research across multiple unregulated entities shows that traders can lose more to hidden fees than to market losses. With MyCapital, the overall cost picture is not just unclear—it is deliberately obscured.

The user review record, while small (16 Trustpilot reviews), is devastatingly unanimous. Every review that goes into detail speaks of a scam. One reviewer, an IT consultant, was hired by a client who lost €60,000 on mycapital.io. The consultant produced a technical report and the victim filed an official complaint. This is unusually specific for a scam accusation and suggests a real person with standing, not a generic ‘bad broker’ post.

Another review is terse: “Scam Company, do not deposit money! Scam 100%.” This mirrors the sentiment of every piece of feedback we could find. There are no positive mentions of easy withdrawals, helpful customer service, or stable platforms. For a broker that has been operating since 2020, the complete absence of a single satisfied trader is statistically damning.

In our analysis, these reviews are consistent with a classic binary options or CFD fraud where the broker controls the trading interface and ensures clients lose. The €60,000 theft is not an isolated withdrawal glitch; it is likely the end result of a scheme designed to extract as much money as possible before blocking access.

FXCanary’s independent Scam Risk Score, which weighs regulatory status, complaint volumes, and transparency, assigns MyCapital a score of 75 out of 100, categorising it as a Severe risk. This places it among the most dangerous brokers we assess. Trustpilot’s 1.8-star average confirms that public sentiment aligns with our internal metrics.

Other industry databases we consulted flag MyCapital for having zero employee records, no licence, and a defunct website. These signals are almost always present in brokers that have already collapsed or are actively scamming. Our cross-check against clone or impersonator records found no cloned sites, but that does not mitigate the danger—MyCapital appears to be an original scam operation rather than a copycat.

MyCapital fails every test of a legitimate broker. It is unregulated, opaque, and has accumulated a small but 100% negative user-review record that includes a reported €60,000 theft. The company’s website is gone, it has no employees, and it offers no verifiable information about how it handles client money, which instruments it trades, or what platform it uses.

Our Scam Risk Score of 75 (Severe) reflects the totality of these red flags. We strongly advise traders to stay away. Even if the broker were to resurface with a new website, the underlying lack of regulation and the trail of complaints would remain.

If you are considering opening an account, we recommend choosing a broker regulated by a top-tier authority like the FCA, CySEC, or ASIC, with a long track record and publicly verifiable client fund protection. For those who have already deposited money with MyCapital, we recommend ceasing all further deposits, attempting a withdrawal immediately (if the website ever returns), and reporting the incident to the AMF and local police. In many cases, tracing funds through the payment method used can be the only way to achieve partial recovery.

In a market where so many reputable brokers exist, there is no justification for risking money with an unregulated, shadowy entity like MyCapital.