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MTcapitals Review | An Excellent and Undisputed Trading Experience or a Scam?

by Kevin Berry
Rating: 
  1.1/5   Reviews: 4
MTcapitals - logo

This time, the overly praised MTcapitals broker came to our court. Various online reviews claim that here clients can experience an excellent and undisputed trading experience. What is behind these metaphors? Where is the evidence that this is not just another hyped scam? We will try to answer these questions.

Highlights

🏛️ Country Switzerland
⚠️ Regulation
🖥️ Website https://mtcapitals.com/, https://mtcapitals.ai/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage To up 1:400
⚙️ Trading Platform WebTrader
📨 E-mail support@mtcapitals.com, support@mtcapitals.ai
📞 Phone +4369010264653

First Impression of Mtcapitals.ai

To be honest, we don’t even know how to characterize the MTcapitals site more precisely. Clueless? Talentless? Senseless? Useless? In fact, all these epithets will suit the broker much better than laudatory ones. For example, you can see on the home page the description of the mobile application and links to download it. The problem is that the links don’t exist, since their logos are drawn on the picture. And the rather outdated version of the Binance terminal plays the role of a wonderful application.

MTcapitals - official site

After such nonsense, it is even more difficult to take the statements of MTcapitals seriously. So, below the company indicates that it operates in 52 countries. And in the ‘About us’ section, the broker reports that it serves clients from more than 180 countries. Where is the truth? We suspect that nowhere at all.

Partnership and Bonuses

We have carefully studied the entire website of the broker, but have not found any traces of a bonus or referral program. It should be noted that this is even better and can be considered a plus for MTcapitals. Typically, such incentive schemes are used only to more deftly extort money from gullible customers.

Account Opening on Mtcapitals.ai

Well, at least the registration process here is a little different from similar projects. First of all, you can enter an invitation code. MTcapitals then prompts you to sign in with Google or Facebook. However, the first one was not active for us. Finally, you can enter your personal and contact details, create a password, and register.

Registration

No verification of your contacts is provided. You will immediately be taken to your personal account MTcapitals. You can even call it functional. In any case, there is editing of personal data, depositing and withdrawing funds, verification, and a curious web terminal.

MTcapitals - client portal

Trading, of course, starts only after your account is deposited. However, for this you will have to go through a little verification; namely, specify the date of birth and address. And yes, you are right! This data is not verified either.

Verification

First of all, MTcapitals describes the verification process in the KYC policy. You must upload a copy of your passport, credit card, and utility bill. A signed history of online transfers is also requested. Documents must be presented before the start of transactions with money. It is interesting that the broker offers to send them by email.

Verification

However, the personal account lists a few other requirements and has a convenient form for uploading files.

Pros
  • Detailed requirements for documents
  • There is an upload form.
Cons
  • Credit card details are required
  • Checking time is not reported

Trading Software

MTcapitals promises a super-friendly and functional platform to its customers. At first glance, the software really seems like that. There are a lot of indicators, lines, and timeframes here. Detailed trading specifications are provided for each asset.

Trading platform

However, the panel of social trading and trading signals surprised us. MTcapitals hasn’t mentioned them before. The platform takes a long time to load. It is impossible to carry out trial trades on a demo account. Also, the promised mobile app doesn’t exist. And we doubt that this software is developed by the broker itself.

Features MTcapitals Tradercr WiseCryptoCapital
Demo Account
Mobile App
Own Development

How Can I Trade With MTcapitals?

As usual, the company offers 5 types of accounts that differ only in the amount of the deposit. Do not expect cent or swap-free accounts to be presented here.

All Info About Accounts

So, MTcapitals has developed 5 accounts that have completely meaningless features. You can admire them in the table below.

Name Minimum Deposit, $ Some Offers
Basic 250 Free session with an analyst
Standard 10,000 Market reviews
Silver 50,000 Guaranteed weekly income
Gold 100,000 Membership in global projects
Platinum 200,000 Access to ICOs

In our opinion, all these conditions are very questionable and are intended to amaze complete losers, not real traders. The company does not say anything about trading conditions at all. However, the CFD broker turns out to be able to guarantee profits as a bank or HYIP. Well, it can also offer to participate in the launch of new cryptocurrency tokens or very mysterious global projects.

Pros
  • Not very high initial deposit
Cons
  • Huge money for extra features
  • Useless big words

Market Analysis and Education With Mtcapitals.ai

The set of really existing extra services also confused us. Firstly, the broker’s website has such sections as education and an economic calendar. The problem is that they are not clickable. Links, as well as the corresponding sections, simply do not exist. Is it familiar right? It has also happened with alleged links to download a mobile application from Google Play and App Store.

In turn, social trading and free trading signals turn out to be a surprise for those who have logged into their personal account. As for the latter, MTcapitals demanded to deposit a lot of money, but something went wrong. In general, we are almost certain that these functions represent the work of bots or the forwarding of public information.

Deposit, Withdrawal, and Fees

Judging by the policies of KYC and AML, as well as the logos of payment systems presented, the broker supports credit cards and popular electronic transfers. For example, Paypal or Skrill. However, the information in the personal account discouraged us.

Depositing

As you can see, the excellent broker MTcapitals uses frankly dubious payment methods, namely bitcoin transfers. (We have prudently blurred the wallet address.) Alas, there is no legality and security here.

Features MTcapitals Tradercr WiseCryptoCapital
Debit/Credit Cards ✔️
Electronic Payments
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

The broker offers email, phone, and office address as contact methods. The problem is, googling the phone number reveals it belongs to the German company MThills. Doesn’t it remind you of anything? We are sure that this is a scam too. By the way, its domain was created only on January 12th.

Pros
  • There are various contacts
Cons
  • The number is also listed on another website
  • There is no MTcapitals at the office address in Geneva
  • Lack of online chat

Is MTcapitals Dangerous?

A broker with such dubious offers and a shabby website can hardly have anything to do with legitimacy. Let’s see if there is any hope of decency here.

How Long Does The Broker Work?

MTcapitals does not indicate the year of its foundation anywhere and does not talk about the period of work. Well, then we just have to check his website. Of course, it appeared quite recently, namely, on January 20th. This is even later than the clone, MThills, appeared.

Domain info

For some unknown reason, the owners changed the domain to mtcapitals.ai. However, it has already earned a lot of negative reviews on the Internet.

How Is MTcapitals Regulated?

In its regulations, the broker vaguely mentions that its activities are regulated by international and European Union laws. Great, but we’d like specifics. Since MTcapitals indicated the office was allegedly in Switzerland, we conscientiously checked the Swiss registry. As expected, there is no such company.

MTcapitals - company info

Features MTcapitals Tradercr WiseCryptoCapital
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With MTcapitals?

To start trading, you need to register, provide some personal data and make a deposit through a Bitcoin wallet. It's not very convenient, is it?

Is MTcapitals Legit?

This scam broker is not regulated in any country in the world. Its actions are null and void and it is not authorized to accept your funds.

How Risky Is It?

Unfortunately, MTcapitals has a 100% chance of losing your money. Because that's its purpose.
Kevin Berry
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Expert Opinion

It seems we are seeing the emergence of another line of similar sites. I think that scammers are preparing websites for specific regions. MTcapitals pretends to be a Swiss project but is made in English. And his pal MThills only has a German version. All this is designed for extremely dimwitted people who do not even know what the Binance app looks like. But you’re not one of them, are you?

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MTcapitals rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

4 reviews about MTcapitals

Malik February 3, 2023 - 22:53
Damn these sites again
The level of trust

The site is not a real trading platform and there are no accounts behind it. They will trade for you and then take your money for whatever reason. There is a constant hunt going on, they slow down the soft. These criminals are stealing people’s money. They always win with all the cheating tricks and tactics they have. Join now if you want to lose everything.

Reply
Gareth February 15, 2023 - 17:44
Total scammers, stay away
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Good day. I registered on the MTcapitals website a few days ago after their persistent calls. The broker disappeared after receiving the money and turned off the number. No one answers on the platform. The withdrawal of money is not possible.

Reply
Billie February 21, 2023 - 13:02
MTcapitals is 100% a scam
The level of trust

You will lose all your money because the broker is trading against you. Your position will have a 100% loss since this is not a real interbank market. Keep this in mind.

Reply
John April 11, 2023 - 21:29
Mt capitals
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Its a scam they just frozen my account because i dont want too give more money. Can you help me?

Reply

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