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iBullCapital

Moderate riskForex / CFD broker
🇲🇺 Mauritius · 5-10 years · since 2020-02-27 · iBull Capital (Mauritius) Ltd
VFSC
Visit site ↗
—/5
★★★★★ ★★★★★
4 reviews ›
1
Licenses ›
1
Withdrawal issues ›
$5
Min. deposit ›
1:400
Max leverage ›
5
Account types ›
43/100
Scam risk ›
1
Clone sites ›
Accounts: ECN GOLD · USD 5ECN CLASSIC · USD 5VIP · USD 5MINI · USD 5STANDARD · USD 5
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX2.17/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from iBullCapital? Our free assistant writes up your case and shows exactly what to do next →
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iBullCapital operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
43
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Registered in Mauritius (offshore, light oversight)
  • Withdrawal complaints in ~25% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints612%
Offshore registration808%
Transparency (site/info/social)5010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameiBull Capital (Mauritius) Ltd
Headquarters🇲🇺 Mauritius
Founded2020-02-27
Years operating5-10 years
Employees0
Official websiteibullcapital.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods5 · Skrill, MASTER, Bank, transfer, Neteller
Withdrawal methods5 · VISA, Neteller, Bank, transfer, MASTER
Instruments--
Registered address
4th Floor, Docks 4, The Docks, Caudan, Port Louis, Mauritius

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
VFSCForex Trading License (EP)14747Vanuatu—

Account types · 5

AccountMax leverageMin. depositMin. spreadCommissionEA
ECN GOLD1:400USD 5----✓
ECN CLASSIC1:400USD 5----✓
VIP1:400USD 5----✓
MINI1:400USD 5----✓
STANDARD 1:400 USD 5----✓

Review analysis AI

iBullCapital presents a mixed picture: its low deposit and high leverage appeal to retail speculators, but the regulatory landscape is ambiguous, with claimed Mauritius FSC license conflicting with a known VFSC registration from Vanuatu. The broker's FXCanary Scam Risk Score of 43/100 (Guarded) reflects this uncertainty. Without independent user reviews and with limited instrument transparency, traders should exercise caution and conduct thorough due diligence before committing funds.

Best for
  • Traders seeking very low minimum deposit ($5)
  • Traders wanting high leverage up to 1:400
  • Retail traders preferring MetaTrader 5 platform
Not for
  • Traders prioritizing strong regulatory oversight (regulatory discrepancy)
  • Traders needing a wide range of instruments (limited to metals, commodities, CFDs)
  • Traders requiring transparent spreads and commissions (not published)
Period:
What users praise
Where reviewers are from
India2
Australia1
United Kingdom1

Real user reviews

Where iBullCapital operates

Active across 3 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇺🇸 United States
🇮🇩 Indonesia
🇩🇪 Germany
🇻🇺 Vanuatu Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What iBullCapital says about itself as stated by the broker · not independently verified by FXCanary

About iBull Capital

According to its website, iBull Capital is a progressive CFDs broking firm established to cater to the growing need of trading-centric brokerage operations. Founded by an expert team of analysts, investors and market leaders, iBull Capital aims to make trading accessible to everyone. The broker states it is committed to delivering an STP-based trading environment that ensures fast and reliable order execution alongside highly competitive spreads. Through strategic partnerships with leading global liquidity providers, it offers institutional-grade liquidity with zero requotes.

Regulatory Claims

iBull Capital claims to be a licensed financial services provider under the strict supervision of the Financial Services Commission (FSC) of Mauritius. According to its legal license page, iBull Capital (Mauritius) Ltd holds an Investment Dealer Licence (Full Service Dealer) with license number GB24203657, code SEC-2.1B, issued under the Securities Act 2005. The broker states this authorises it to operate legally and transparently in global financial markets.

Account Types and Leverage

The broker offers five account types: MINI, Standard, VIP, ECN Classic, and ECN Gold. All accounts require a minimum deposit of USD 5 and offer maximum leverage of 1:400. Standard lot sizes range from 0.01 to 3, and account currencies can be USD or EUR.

Each account type features ECN/STP order execution with trade executions claimed to be under 100 milliseconds. Margin call is set at 100% and stop out at 50%. Islamic (swap-free) accounts are available as an option.

Platform and Instruments

iBull Capital provides the MetaTrader 5 (MT5) platform for desktop (Windows, macOS) and mobile (Android, iOS). The broker describes MT5 as reliable with advanced analytical tools, technical indicators, and support for trading robots and copy trading. Instruments offered include metals, commodities, and CFDs, with access to global markets 24/5.

Deposits and Withdrawals

According to the broker's website, deposit and withdrawal methods support USD, EUR, and GBP base currencies. The minimum deposit is stated as USD 100 (though account tabels show $5) and minimum withdrawal is USD 25. The broker notes that some payment options are country-restricted and withdrawals are processed in the base currency of the trading account.

About iBullCapital

Broker Overview

iBullCapital is an online forex and CFD broker that presents itself as a trading-centric firm serving retail clients. The broker's registered office is listed in St Vincent and the Grenadines, while its operational headquarters is based in Port Louis, Mauritius at 4th Floor, Docks 4, The Docks, Caudan. According to corporate filings, iBullCapital was established on 27 February 2020.

Regulatory Status

The broker prominently claims regulation by the Financial Services Commission (FSC) of Mauritius under license number GB24203657. However, independent regulatory records indicate a license from the Vanuatu Financial Services Commission (VFSC) for forex trading. This discrepancy between the broker's claims and publicly available registers is a notable point for traders. The FSC Mauritius license is for an Investment Dealer (Full Service Dealer, excluding Underwriting), but the Vanuatu registration suggests a different regulatory framework. Traders should verify the exact scope and limitations of the license directly with the FSC Mauritius.

Trading Accounts and Conditions

iBullCapital offers five account types: MINI, Standard, VIP, ECN Classic, and ECN Gold. All accounts share a low minimum deposit of just USD 5 and a maximum leverage of 1:400. The standard lot size per trade ranges from 0.01 to 3 lots.

Account currencies are limited to USD and EUR. Execution is described as ECN/STP with claimed speeds under 100 milliseconds. Margin call is triggered at 100% and stop out at 50%, which are common industry levels for high-leverage accounts.

Swap-free Islamic accounts are available on request.

Platforms and Instruments

The broker exclusively offers the MetaTrader 5 (MT5) platform, available on Windows, macOS, Android, and iOS. MT5 provides advanced charting, technical indicators, algorithmic trading via Expert Advisors, and copy trading. iBullCapital's instrument range includes metals (e.g., gold), commodities, and CFDs. The exact number of instruments or asset classes (like indices, stocks, or cryptocurrencies) is not specified on the website, suggesting a focus on commodities and metals.

Deposits and Withdrawals

Funding and withdrawal methods support three base currencies: USD, EUR, and GBP. The minimum deposit is stated as USD 100 (though account tables list $5, suggesting a discrepancy between the 'deposit' page and account opening page). The minimum withdrawal is USD 25. The broker's website does not list specific payment methods (e.g., bank wire, credit card, e-wallets) but notes that some options are country-specific. Withdrawals are processed in the account's base currency.

Target Audience

iBullCapital appears to target retail traders, particularly those seeking high leverage and low initial capital. The low $5 minimum deposit and 1:400 leverage make it accessible to beginners and small account traders. The broker also emphasises customer support and a 'customer-centric' approach, though independent reviews are scarce. The lack of published spreads, commissions, or detailed instrument lists may pose challenges for volume traders or those requiring transparency.

Overview compiled by FXCanary from regulatory records and public data. full iBullCapital review