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medicatrade -

Score

1.43 /10
Danger

medicatrade

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://medicatrade.cc

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Score

Regulatory Index0.00

Business Index6.40

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

medicatrade

Company Abbreviation

medicatrade

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

medicatrade · Company summary

Note: medicatrade's official website: https://medicatrade.cc is currently inaccessible normally.

medicatrade Review Summary
Founded/
Registered Country/RegionChina
RegulationNo Regulation
Market InstrumentsForex, Stocks, Commodities, Indices and Cryptocurrencies
Demo Account❌
LeverageUp to 1:500
SpreadFrom 0.1 pips
Trading PlatformsWeb-based platform
Minimum Deposit$250
Customer Support/

medicatrade is an unregulated financial company based in China. It claims to offer Forex, Stocks, Commodities, Indices and Cryptocurrencies via a web-based platform.

medicatrade

Pros and Cons

Pros Cons
/Non-functional website
Lack of transparency
No demo accounts
No regulation

Is medicatrade Legit?

No license

At present, medicatrade lacks valid regulation. Its domain has not been registered yet. We advise you to choose other regulated companies.

What Can I Trade on medicatrade?

medicatrade claims to offer Forex, Stocks, Commodities, Indices and Cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs❌
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks✔
ETFs❌
Bonds❌
Mutual Funds❌

Account Type/Leverage

medicatrade provides Red Belt Master, Black Belt, Blue Belt, Orange Belt, and White Belt accounts, starting from $250 to $25,000 and offering leverage from 1:500 to 1:100. They do not offer demo accounts.

Trading Platform

medicatrade only offers a web-based trading platform.

User Reviews

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User comment

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Comments

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贾颜明
more than one year
100% SCAM. I deposit 250 dollars, when I tried to withdraw, there are so many problems, the help chat didn't give a solution, my designated adviser, and didn't give an answer. Now I tried to transfer internally my money to the live account, and is all lost. 100% SCAM, DONT TRY IT!
100% SCAM. I deposit 250 dollars, when I tried to withdraw, there are so many problems, the help chat didn't give a solution, my designated adviser, and didn't give an answer. Now I tried to transfer internally my money to the live account, and is all lost. 100% SCAM, DONT TRY IT!
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2023-03-13 15:30
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