Miles Capital Forex Broker

Miles Capital Review SummaryFounded2022Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex, shares, commodities, indicesDemo Account✅SpreadFloating from 1.5 pips (Classic account)Leverage Up to 200xTrading PlatformMT5Minimum Deposit$50Customer SupportContact formEmail: info@milescap.comAddress: Premier Business Centre, 10th Floor, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius; Centurion Star Building , B Block , Office No 801 , Opp Deira City Centre , Port Saeed, Post box 96974, Dubai - UAE.Facebook, LinkedIn, Twitter, InstagramRestricted AreasThe United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Iran, Somalia, Syrian Arab Republic, Yemen, Republic of CongoMiles Capital Information Miles Capital is a brokerage company who mainly offers trading services in forex, share, commodities and indices. The company polish their trading services by offering value-added consultant, strategy and investment advice services. It provides a demo account for practicing and MetaTrader 5 platform to enhance customer experience. However, the broker is currently not being well-regulated by any official authorities, which degrades its credibility and trustworthiness.Pros and ConsPros Cons MetaTrader 5 platformNo regulationLow minimum depositNo live chat supportDemo accountsIs Miles Capital Legit? The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Miles Capital is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Miles Capital with caution.What Can I Trade on Miles Capital?Tradable Instruments Supported Forex✔Shares✔Commodities✔Indices✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type & Fees Miles Capital offers a demo account for traders to test their trading strategies before committing real money, thus to mitigate risks. In addition, 3 tiered live accounts with different trading conditions are available, targetting various client groups:Account TypeClassic AccountExecutive AccountPremium AccountMinimum DepositUSD 50USD 1000USD 10,000Spread Floating from 1.5 pipsFloating from 1.2 pipsFloating from 0 pipsCommission ❌❌From USD 6 Minimum trading volume is 0.01 lot and swap free, telephone trading and personal account manager are available for each account.Leverage Miles Capital sets maximum leverage level at 1:100 for metals and 1:200 for forex. Note that high leverage can amplify not only profits but also losses.Trading Platform Miles Capital also offers the industry-leading and reliable MetaTrader 5 platform, which has robust functionalities such as automate trading and technical analysis. This is undoubtedly shinning point of this company, but when choosing a broker to trade, you should always combine the highlights and lowlights.Trading PlatformSupported Available Devices Suitable for MT5✔Web/Windows/MobileExperienced tradersMT4❌/Beginners