No funding methods available
Fair
50 out of 100 · 85% checked
Our investigation rated it high risk and could not verify it, and our investigation found it is high risk and could not be verified.
Capped at 50 · High risk, unverified
We checked MILES CAPITAL on 2026-10-26 across its company record, client terms, trading offer and service, and could verify 85% of its record. The score was held at 50 because our investigation rated it high risk and could not verify it. What would move the score: withdrawal rails, all-in eurusd cost, instrument breadth. Our published investigation found it is high risk and could not be verified, with 3.7 years of track record. Its client terms carry high risk, with 3 critical clauses.
Score last calculated 2026/10/26
Wikilix independent safety report
We found no evidence that Miles Capital is a scam, and no regulator warning, enforcement action or fraud case names this firm. Its Mauritius licence is genuine, but its verifiable public track record…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about MILES CAPITAL: its history, the licences it holds, its trading conditions and its fees.
MILES CAPITAL is the trading brand of Miles Capital Limited, a Mauritius registered company that has been offering retail forex and CFD trading since 2023. The broker runs one platform, MetaTrader 5, in desktop and mobile builds, and opens live accounts from 50 USD across three tiers. Spreads are variable, swap free trading is offered, and the market range covers 55 currency pairs alongside commodities, metals, shares and indices.
Two points stand out. The only regulatory claim on the site is unconfirmed, and the site is inconsistent with itself in places that matter to a client: the restricted regions notice is published in three different versions across the broker's own pages, and its registration form accepts residents of several countries those notices say it does not serve.
The footer of states that Miles Capital Limited is regulated under the Financial Services Commission (FSC) of Mauritius, and prints licence number GB22201008 and company number 194281 in the same sentence. WIKILIX has not confirmed that licence, so it is carried as a claim, and MILES CAPITAL is listed on this page as an unregulated broker.
The two numbers in that sentence are different kinds of thing. A company number identifies a registered company and carries no permission to hold client money or to deal in financial instruments, so the pair should not be read as two layers of supervision. Because the claim itself is unconfirmed, it is not known what a licence of that number would authorise.
No, not on any basis WIKILIX has been able to confirm. The broker states an FSC Mauritius authorisation on every page of its site, and an unconfirmed statement of that kind is not evidence of supervision. Nothing found suggests the claim is false, but a client cannot currently rely on it.
Miles Capital Limited is the company named in the site footer and on the title page of the website terms and conditions, the privacy policy and the complaint handling, order execution and conflict of interest policies, under company number 194281, with a registered office at Premier Business Centre, 10th Floor, Sterling Tower, 14 Poudriere Street, Port Louis, Mauritius. The documents are inconsistent. Their opening clauses call the operator of milescap.com Miles Capital Financial Broker, under the same company number, so the name a client agrees terms with is not written the same way throughout the paperwork.
Safety cannot be established from what MILES CAPITAL publishes. In its favour, the operating company is named consistently across both of its live websites, and the broker publishes a Mauritius office address, an international telephone number and a support email, which is more disclosure than many offshore brands offer. Against it, the single regulatory claim on the site is unconfirmed, and the broker's own pages disagree with each other about which countries it will serve and what leverage it allows.
Three live tiers are published, separated mainly by the deposit each requires:
All three are published with the same leverage cap, so the practical choice is between deposit size and commission free pricing on the two lower tiers against the commission based Premium account.
MILES CAPITAL quotes variable spreads rather than fixed ones and publishes no representative average spread, so the cost of a trade cannot be compared from the site alone. Commission is charged only on the Premium account, from 6 USD, and swap free trading is available on the published accounts.
Each of the three account tiers is published with a maximum of 1:200. A ceiling of 1:500 also appears on the broker's site, so the cap that applies depends on the account and the instrument, and it is worth having confirmed in writing before trading.
MetaTrader 5 is the only platform MILES CAPITAL offers, in desktop and mobile builds, with no MetaTrader 4 or cTrader alternative. The broker's build supports one click trading, Expert Advisors and MQL5 algorithmic trading, offers VPS hosting, and carries a stop out level of 50%.
Support is in English only, by live chat during market hours, by email at info@milescap.com and by telephone on +230 245 6703. The broker links its Facebook, X, LinkedIn and Instagram profiles from its own site, and new accounts are opened through its client portal rather than on the main website.
Strengths:
Limitations:
MILES CAPITAL is a small offshore brand with a conventional MetaTrader 5 offering, a genuinely low entry deposit and enough contact detail to be reachable. What a prospective client accepts in exchange is an unconfirmed regulatory position: Miles Capital Limited is a registered company in Mauritius, but registration is not supervision, and the FSC claim the site makes has not been confirmed. Before funding an account, the two things worth settling in writing are which leverage cap applies to the account being opened and whether the broker will serve the client's country, because the site itself gives more than one answer to each.
7 full-page captures of MILES CAPITAL's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for MILES CAPITAL. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for MILES CAPITAL. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
3 account types on record. Minimum deposit from USD 50. Leverage up to 1:200.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Classic AccountClassic · Standard | USD 50 | 1:200 | No commission |
| Executive AccountSpread only · Standard | USD 1,000 | 1:200 | No commission |
| Premium AccountRAW · ECN | USD 10,000 | 1:200 | From $6 USD |
Where MILES CAPITAL says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Explicitly accepted
Named as accepted — not a full list of served markets
One trading platform on record: MetaTrader 5.
MetaTrader 5 in desktop and mobile builds, the only platform Miles Capital offers. Stop out level 50%, one-click trading, full Expert Advisor and MQL5 algorithmic trading support, plus VPS hosting.
3 domains on record. All active and served over HTTPS.
One legal entity behind the MILES CAPITAL brand.
The operating company is Miles Capital Limited. Registered in Mauritius. Registration number 194281.
3 other brokers on the record share what MILES CAPITAL offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about MILES CAPITAL
MILES CAPITAL publishes the same site on two domains, milescap.com and milescapitals.com, and both were live at the time of the last review. Both name Miles Capital Limited, licence number GB22201008 and company number 194281, and client accounts are opened and managed on a portal hosted as a subdomain of milescapitals.com. A client who lands on the second domain is on the broker's own site rather than a copy of it.
Accounts are opened through the broker's own client portal rather than on its main website, and the portal asks for a country of residence from a fixed list of 63 countries. The smallest live account is the Classic Account, which needs 50 USD.
Forex is the core of the offering, with 55 currency pairs. The broker also presents commodities, metals, shares and indices as tradable markets, without stating how many instruments each of those covers.
The broker's restricted regions notice names Cuba, Myanmar, North Korea, Sudan, Iran, Somalia, the Syrian Arab Republic and the Republic of Congo as countries it does not serve, and its registration form offers a fixed list of 63 countries of residence. The two do not entirely agree: the form also accepts residents of the United States, Iraq, India, the United Arab Emirates and Yemen, which the notice names as restricted. That contradiction stands on the broker's own site.
Three live tiers are published. The Classic Account starts at 50 USD and the Executive Account at 1,000 USD, both with no commission; the Premium Account starts at 10,000 USD and carries a commission from 6 USD. All three are published with the same 1:200 leverage cap, so the deposit and the commission structure are what separate them.
MILES CAPITAL is the trading brand of Miles Capital Limited, a company registered in Mauritius under number 194281, with a registered office at Premier Business Centre, 10th Floor, Sterling Tower, 14 Poudriere Street, Port Louis. That company is named in the site footer and on the title page of the website terms and conditions and the other legal policies. The opening clauses of those same documents call the operator Miles Capital Financial Broker under the same company number, so the name is not written consistently throughout the paperwork.
Swap free trading is available, and commission is charged on one account only. The Classic and Executive accounts are published with no commission, while the Premium account carries a commission from 6 USD. Spreads are variable rather than fixed, and no representative average spread is published.
Each of the three account tiers, Classic, Executive and Premium, is published with a maximum of 1:200. A ceiling of 1:500 also appears on the broker's site, so the cap that applies depends on the account and the instrument traded, and it is worth having confirmed in writing before trading.
MetaTrader 5 is the only platform MILES CAPITAL offers, in both desktop and mobile builds. The broker's build supports one click trading, Expert Advisors and MQL5 algorithmic trading, offers VPS hosting and carries a stop out level of 50%. There is no MetaTrader 4 or cTrader option.
MILES CAPITAL has no confirmed regulation. Its site states that Miles Capital Limited is regulated under the Financial Services Commission (FSC) of Mauritius with licence number GB22201008, and WIKILIX has not confirmed that licence, so it is carried as a claim and the broker is listed as unregulated. The company number 194281 printed beside it is a corporate registration, not a financial licence.
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