MyCapitalInvest24 Review – Recognized as a Scammer

The MyCapitalInvest24 scam asserts that their vision is to empower traders and have their trading services transcend the ordinary. This is simply pretentious and excessively arrogant for the poor quality of their trading environment. 

However, that is not all there is to it. Several financial regulators have flagged this company for stealing investments while offering false brokerage services. Find out more about this type of fraud and how to restore stolen funds in our MyCapitalInvest24 review.

Notorious Owners

The website presents claims about the MyCapitalInvest24 broker being owned by MGDA Holdings. This company has already been blacklisted multiple times for another one of their fraudulent projects – onefxgroup.com. In this case, however, they claim to operate out of London, not Dublin.

It seems that the swindlers decided to open several domains to increase their chances of scamming as many people as possible. The website in question also has several public alerts on their account, published by ASIC (reposted by IOSCO) and AMF ( IOSCO reposted this one, as well).

Another unscrupulous scheme that has multiple domains for the purpose of stealing deposits is Ranadex, so make sure you stay away from them, as well.

How It Goes Down

Despite claiming to have been in business for 6 years, the mycapitalinvest24.com website didn’t exist prior to September 2023.

After doing some digging, we managed to pinpoint the main target areas for this fraud:

• Canada
• Switzerland
• Australia

This bogus company owns a number of social network profiles, including ones on Pinterest and Medium. This allows the scam to gain some momentum, but the brunt of the work is done by the notorious boiler room agents.

These agents mostly use the phone and online chat services to reach out to their marks. They promise unrealistic profits in return for a relatively small investment. Of course, it’s all just a farce, as the trading on the platform is only virtual.

Warnings From Clients

Not many MyCapitalInvest24 reviews exist on the net currently, possibly due to the fact that the domain is quite young. Many of those ratings you do find on platforms like SiteJabber and Reddit are fakes, posted by review seller networks on behalf of the company.

You can spot these with relative ease – they are repetitive, talk about the same alleged quality of service, and never mention any details. Looking into the bad ratings, though, you’ll notice just how insidious this company is. 

Many of the clients report fraudulent behavior common with various boiler rooms like FX Tampa. The stolen money is difficult to recover, but is possible. Learn more about recovery by booking a free consultation with our experts.

Not too Honest About Costs

It’s a common practice among fraudsters to conceal the real costs of their services and motivate users to set unrealistic expectations. All clients are led to believe a high leverage of 1:400 will help them get rich overnight, while the actual risks are completely ignored. 

All other costs remain unknown. What makes the whole situation even worse is the fact that legal docs are scarce and provide zero insight into the costs and commissions.

Bonus up to 100%

Depending on the account type you decide to purchase, you will unlock a credit. The Bonus Agreement says that all clients who have been gifted a bonus have to trade a total of 250 standard lots to redeem the bonus. If that is not achieved in a period of 60 days, incentives will disappear from the credited account.

Trading Environment Is a Farce

Unlike genuine brokers, fraudsters don’t really care about how good their service is. They’re merely content with taking their victims’ money.

To keep the victims complacent, they show a fake trading platform that simulated market movements. Depending on the swindlers’ interim goals, these can show fictitious profits or losses.

Another Misuse of the Great MT5

It’s no secret that the industry leading software solution for online trading is often found on fraudulent portals that wish to impress their potential victims. All we ever found on the site was just empty talk about the most competitive MyCapitalInvest24 trading platform, yet no proof of it. 

Downloading MT5 is impossible unless you follow the links to the online stores of mobile apps. Otherwise, since only existing users can access the client area, no trace of MT5 exists.

Unknown Assets Provided

Besides the CFDs and Forex trading being mentioned in the introduction, the platform otherwise doesn’t reveal available assets to buy and sell.

Since we could test no trading platform in the first place, it may as well be that no trading takes place at all. There are some pointers towards MyCapitalInvest24 coin trading, but this is a sham as well.

Client Onboarding Difficulties

This firm doesn’t openly discuss basic things like minimum account funding. In fact, it’s not even possible to create an account without interference from a boiler room agent.

From what little information is available, we can see a tiered account structure. Higher tiers allegedly offer larger bonuses, tighter spreads, smaller swaps – only to justify the presumably increasing prices. They never cite the exact numbers, only some meaningless percentages, though.

These are the names of the accounts:

Withdrawals Made Impossible

There is no MyCapitalInvest24 withdrawal policy, and the financial channels for funding your account are disclosed at all. This severe lack of transparency is an intentional design feature, and allows the con artists to put more pressure on their victims.

The bonus policy plays a key role in this, as it stipulates that no profits can be withdrawn unless a rather impossible condition is met. Many of the clients also report not being able to withdraw even in the case they did meet the requirements.

Can Support be Contacted?

There’s several ways that are allegedly available for contacting the customer service:

Unfortunately, the live chat feature is only available for the existing customers. Either way, don’t forget this is a sham we’re reviewing. Most likely, they employ no customer support at all.

Want Your Funds Back? Contact Us!

You’d expect your broker to be clear and transparent about their business. After all, it’s difficult to trust someone who keeps their intentions hidden. After finding themselves on several blacklists these cyber criminals apparently can’t be trusted.

Therefore, we advise you to immediately take your investments back from this site. Should you encounter difficulties during the process, you can always rely on our professional help and recovery service. 

FAQ Section