MasterMind Capitals

What is MasterMind Capital?

MasterMind Capital was founded in 2023, and it operates out of Saint Lucia as a Forex and CFD broker with many financial instruments to trade with. They allow for MT5 Trading, and have numerous account types available to their clients. While the company promotes itself as technology-driven and focused on their clients, they do not have regulatory authority to operate and must therefore assess risk appropriately before investing.

Overview of MasterMind Capital

MasterMind Capital may offer personalized service, modern trading tools for their clients, and education on how to use them effectively. However, because they have not been around long and have very little public information currently available about their history or the company's future development plans, their reputation is still in the building process.

MasterMind Capital Key Features and Functions

MasterMind Capital offers a wide variety of trading instruments including Forex, Cryptocurrencies, Shares, Commodities, Spot Metals, Energies, and Indices. However, the broker does not offer bonds or traditional stock investing.

Account Types: There are six levels of accounts available with MasterMind Capital that are broken down based on the user's level of capital as well as experience.

Account Type:

1) Standard - Minimum Deposit = $100

2) Advance - Minimum Deposit = $500

3) Pro - Minimum Deposit = $1,000

4) Elite - Minimum Deposit = $5,000

5) VIP - Minimum Deposit = $7,500

6) RAW - Minimum Deposit = $10,000

The broker offers more features as well, including Demo Accounts and the ability to withdraw funds inside of about 24 hours; however, the broker does not provide sufficient detail concerning spreads and commission.

MasterMind Capital's Regulatory Status:

Currently MasterMind Capital has no regulatory body protecting clients and will subsequently prohibit any clients who may want to open an account in the USA, Cuba, Iraq, Myanmar, North Korea and Sudan.

Regulators: None

Regulatory License Numbers: N/A

Status: Unregulated

Trading Conditions and Trading Platforms:

Feature: Leverage up to 1:400

Spread: From 3.0 pip (via MT5)

Minimum Deposit: $100 (Standard Account)

Trading Platform: Meta Trader 5 (MT5)

Meta Trader 5 has a multitude of features including advanced charts, Expert Advisor programming capabilities, mobile trading, and the availability of a web-dashboard. Unfortunately, the broker provides minimal information about any of the versions of their web-dashboard.

MasterMind Capital Fee Transparency:

MasterMind Capital has limited disclosures regarding how fees can be associated with each trade and when they will be debited or credited.

Fee Type: Deposit Fees- no information provided

Withdrawal Fees- no information provided (Funds are usually withdrawn within 24 hours)

Commissions- advertised as being low

Inactivity Fees- no information provided

Other Charges Associated with utilizing Mastermind Capital- no information provided

Actual Reputation:

So far, there have been very few reviews available on Mastermind Capital. It does seem however that the advantages of opening an account with the company include the following:

1. Can open multiple accounts

2. each account allows for the usage of a Demo Account

3. The disadvantages of opening an account with Mastermind Capital at the moment are that: 1. they are not regulated 2. they have very high spreads compared to many of their competitors 3. their upper-tier accounts require large deposits ($5,000+).

At present the broker does not seem to be active and there aren't any reports of them receiving recognition on a regular basis.

MasterMind Capital Conclusion:

MasterMind Capital has many instruments and Demo Accounts available to experienced traders who understand what high-risk trading means. And for all of those reasons listed above, investors should approach Mastermind Capital with caution, and carefully evaluate the risks before making a decision to invest.