Score

1.18 /10
Danger

Madexu Trade MT5

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.45

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
Madexu Trade MT5 · Company summary
Aspect Information
Company Name Madexu Trade MT5
Registered Country/Area China
Founded year 2023
Regulation Not regulated
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms N/A
Customer Support Email(support@madexulan.com)

What is Madexu Trade MT5?

Madexu Trade MT5, operating from the China, lacks regulation, triggering worries about transparency and adherence to industry standards. Their official website is inaccessible attract attention to the reliability of their trading platform. Clients can contact them via email(support@madexulan.com).

What is Madexu Trade MT5?

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
N/A
  • Lack of Regulation
  • Increased Risk
  • Website Inaccessibility

Pros:

N/A

Cons:

  • Lack of Regulation: Madexu Trade MT5 operates without regulatory oversight, exposing users to higher risk. The absence of regulation raises concerns about the platform's commitment to adhering to industry standards and protecting user interests.

  • Increased Risk: Investing with Madexu Trade MT5 carries a higher level of risk due to the lack of regulation and the uncertainty surrounding the broker. Without proper oversight, there is a potential for funds to be misappropriated or for the broker to disappear without notice, putting investors' capital at risk.

  • Website Inaccessibility: Madexu Trade MT5's website is inaccessible. An inaccessible website can damage a companys reputation, leading to a loss of trust and credibility among existing and potential customers. This lack of accessibility may also hinder users from accessing important information or executing trades efficiently.

Is Madexu Trade MT5 Safe or a Scam?

Madexu Trade MT5 operates without regulatory oversight, raising concerns about transparency and adherence to industry standards. In an industry where trust and reliability are paramount, the absence of regulation and comprehensive information may deter potential users from engaging with the platform.

Customer Service

Madexu offers accessible customer support through email at support@madexulan.com. This contact method allows users to reach out with inquiries or concerns conveniently.

Conclusion

In conclusion, the inaccessibility of their official website is a red flag and raises doubts about the trustworthiness of their trading platform. This lack of accessibility indicates a higher level of risk associated with investing with Madexu Trade MT5.

Also, there is a lack of information regarding the market instruments offered by Madexu Trade MT5, the availability of account, leverage options, spread, trading platforms, minimum deposit requirements, and other key details.

Frequently Asked Questions (FAQs)

Q 1: Is Madexu Trade MT5 regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Madexu Trade MT5?
A 2: You can contact via email: support@madexulan.com.

Exposure

Madexu Trade MT5 has faced three instances of exposure, with users reporting difficulties in withdrawing funds from the platform. Users have encountered obstacles in accessing their funds, with the exchange allegedly requiring VIP account upgrades for withdrawals and failing to process withdrawal orders.

Additionally, users have reported coercive tactics, such as forcing investors to upgrade their accounts and subsequently locking their accounts under the guise of updating account information. These exposures suggest significant challenges in accessing funds and raise issues about the platform's integrity and user trust.

User Reviews

More

User comment

0

Comments

Write a review

No comment yet

start to write first comment

3