Company Profile
Company Profile
Review summary
| MasterMind CapitalsReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Forex, crypto, share, commodities, spot metals, energies, indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 3.0 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Contact form |
| Instagram, X, pinterest, youtube, linkedin, facebook | |
| 24/5 customer support | |
| Tel: +971 4 268 8750 | |
| Email: support@mastermindcapitals.com | |
| Regional Restrictions | The United States, Cuba, Iraq, Myanmar, North Korea, Sudan. The services of MasterMind Capitals Limited clients are not allowed |
MasterMind Capitals Information
MasterMind Capitals is an unregulated broker, offering trading on forex, crypto, share, commodities, spot metals, energies and indices with leverage up to 1:400 and spread from 3.0 pips on MT5 trading platform. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| With demo account | Wide spreads |
| Various contact channels | No regulation |
| MT5 platform | High minimum deposit requirement |
Is MasterMind Capitals Legit?
No. MasterMind Capitals currently has no valid regulations. Please be aware of the risk!
What Can I Trade on MasterMind Capitals?
MasterMind Capitals offers trading on forex, crypto, share, commodities, spot metals, energies and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Crypto | ✔ |
| Share | ✔ |
| Commodities | ✔ |
| Spot metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| CFDs | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type
Here are six account types MasterMind Capitals offers:
| Account Type | Min Deposit |
| Standard | $100 |
| Advance | $500 |
| Pro | $1000 |
| Elite | $5000 |
| VIP | $7500 |
| RAW | $10000 |
Leverage
Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
| Account Type | Leverage |
| Standard | 1:400 |
| Advance | 1:300 |
| Pro | 1:300 |
| Elite | 1:200 |
| VIP | 1:200 |
| RAW | 1:200 |
MasterMind Capitals Fees
Trading Fees
| Account Type | Commission |
| Standard | ZERO |
| Advance | ZERO |
| Pro | ZERO |
| Elite | ZERO |
| VIP | ZERO |
| RAW | YES |
MasterMind Capitals Spreads
| Account Type | Spreads |
| Standard | From 3.0 pips |
| Advance | From 2.5 pips |
| Pro | From 2.0 pips |
| Elite | From 1.5 pips |
| VIP | From 1.0 pips |
| RAW | From 0.0 pips |
Swap Rates
The broker's accounts are swap free accounts.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | IOS, Windows, Android | Experienced trader |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
The broker accepts payments via Bank Transfers, Credit/Debit Cards, Cryptocurrency (USDT – TRC20 & BEP20), Regional payment methods such as M-Pesa (Kenya), UPI (India) and E-wallets like SticPay. Both deposits and withdrawals are typically processed within 24 hours.
No minimum withdrawal amount defined and no fees or charges specified.
诚者无妄
Hong Kong
After I deposited funds into this platform and made some profit, they not only wouldn't give it to me but also blocked my account. Later, after I reported to the police and filed a complaint, they unlocked my account, saying they would refund my principal. They threatened me to withdraw all these reports and demanded that I lose all the money in my account before they would return the remaining principal. I think they are definitely playing a long game, fishing for bigger fish. Because my deposit wasn't large, they are afraid that my continuous complaints will cause a big stir and interfere with their plans to catch bigger fish. So, does that mean all the money I earned through so many days and nights of work is just going down the drain?
Exposure
诚者无妄
Hong Kong
I opened my account through their partner and deposited $6,200. At first, I could withdraw funds a few times, but later they wouldn't allow me to withdraw anymore, saying that my frequent withdrawals were suspected of money laundering. As a normal investor, would money laundering involve such a small amount? Now they've sent me another email asking me to pay a 50% margin deposit. In the morning, they froze my account, and in the afternoon, they unfroze it.
Exposure
PrisciLLa
Hong Kong
I have posted an exposure on WikiFX, and I proactively contacted the platform's customer service and clearly stated that I was foregoing profits and only requesting a refund of my initial deposit of $7,000. This was the maximum concession I could make. However, the platform has still not responded for two weeks, without any response from customer service.
Exposure
PrisciLLa
United States
I opened a trading account on the MASTER MIND CAPITALS platform. My MT5 account number is 52****. The server is MasterMindCapitals-Server. My initial deposit was approximately $7,000. My requested withdrawal amount is $13,700. I successfully withdrew $1,500 on my first attempt. When I requested a withdrawal of $3,400 on my second attempt, the platform refused, citing "abnormal bank card information." I subsequently requested another withdrawal of $13,700, but the platform again delayed, citing "holidays" and "abnormal bank card information," and has not processed it to this day. The customer service has repeatedly given me the runaround, and my withdrawal request remains unresolved.
Exposure