Thinking of getting into business with MaddexCapital? Stay with us and read this review to find out if MaddexCapital.com is the trading platform you will want to trade with.
About MaddexCapital Broker
MaddexCapital is an offshore brokerage company with a lot of offers for traders. This broker hides under the company called Maddex Capital. It claims to have different regulations from three separate locations.
The broker presents a zero spread difference in Buy/Sell.
In spite the many trading instruments MaddexCapital promises to offer, traders must know they are dealing with an unknown broker whose regulation claims are false.
See section below:
Withdrawal and Deposit
Withdrawal process:
The broker is indicating 7 to 10 days working days with zero withdrawal fee on any withdrawal request. Also, traders must meet “Company’s Bonus Application Policy and Agreement” before they are granted withdrawal. Joking? No.
This is just a way to reap you of your money and also frustrate the withdrawal process.
Minimum Deposit:
Maddex Capital minimum deposit is indicated $50. Even though this broker shows what amount to deposit, that doesn’t make it legit for traders. Any broker can likely do the same.
MaddexCapital.com presents e-wallets as payment methods. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
MaddexCapital Platform
MaddexCapital claims to operate on MT4. Even though this is the standard trading software in forex market, it still doesn’t make this broker different from other scam trading platforms.
More so, leverage is not clearly indicated by the broker. Well, stay clear from this broker as it is a way to make traders put good amount of money expecting to get big profit.
In spite the attractive offers Maddex Capital broker claims to present, we can’t find a free account for traders to test the platform before considering a deposit.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why You Should Avoid MaddexCapital.com Broker
MaddexCapital.com is a platform with no financial authority overseeing its financial services. Its regulation claims are not legit as none of these countries’ financial authorities recognize Maddex Capital.
Another red flag we noticed in this broker is that there is no demo account for traders. If traders can’t test MaddexCapital broker on a free account, how then can we know its viability in the forex market.
Regrettably, the broker is a clear scam whose presentation of different regulations cannot be proved. The worst of it all is the regulation claim. We know SVG financial authority is not known for regulating forex brokers. This is a big warning for traders to avoid losing money with this broker.
MaddexCapital Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Bottom Line:
Here, MaddexCapital.com claims to be a trusted broker is not genuine. From indications, we would advise users to steer clear from this broker. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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