Miles Capital
Abstract：Miles Capital is a brokerage firm registered in Mauritius and founded in 2023. However, it's important to note that the company lacks legitimate regulatory oversight. The Classic Account requires a minimum deposit of $50 USD and offers leverage of up to 1:200 for forex trading. Spreads for the Classic Account start from 1.5 pips (floating). Miles Capital operates on the MetaTrader 5 (MT5) trading platform and provides a wide range of tradable assets, including forex, metals, commodities, indices, cryptocurrencies, shares, and bonds. They offer three account types: Classic, Executive, and Premium Access, along with a demo account and an Islamic account option for swap-free trading. Customer support is available via phone and email, although specific payment methods are not specified. It's worth noting that the brokerage provides limited educational resources. Traders should consider these aspects when evaluating Miles Capital for their trading needs.
| Miles Capital Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Mauritius |
| Regulation | No regulation |
| Market Instruments | Forex, shares, commodities, indices |
| Demo Account | ✅ |
| Spread | Floating from 1.5 pips (Classic account) |
| Leverage | Up to 200x |
| Trading Platform | MT5 |
| Minimum Deposit | $50 |
| Customer Support | Contact form |
| Email: info@milescap.com | |
| Address: 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, Instagram | |
| Restricted Areas | The United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Iran, Somalia, Syrian Arab Republic, Yemen, Republic of Congo |
Miles 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 Cons
| Pros | Cons |
| MetaTrader 5 platform | No regulation |
| Low minimum deposit | No live chat support |
| Demo accounts |
Is 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 Type | Classic Account | Executive Account | Premium Account |
| Minimum Deposit | USD 50 | USD 1000 | USD 10,000 |
| Spread | Floating from 1.5 pips | Floating from 1.2 pips | Floating from 0 pips |
| Commission | ❌ | ❌ | 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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web/Windows/Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
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