Abstract:Registered in the United Kingdom, MKNDY Ltd claims to be a financial provider offering a series of trading instruments, such as Forex, Commodities, Indices and more. Since MKNDY Ltd’s official website is inaccessible for now, we were unable to obtain more information about its business operation, spreads and commissions, minimum deposit, leverage and more.
Since MKNDY Ltds official website (https://www.mkndy.com/Index) no longer works, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Registered in the United Kingdom, MKNDY Ltd claims to be a financial provider offering a series of trading instruments, such as Forex, Commodities, Indices and more.
Since MKNDY Ltds official website is inaccessible for now, we were unable to obtain more information about its business operation, spreads and commissions, minimum deposit, leverage and more.
MKNDY Ltd is not subject to any valid regulation. Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money.
Leverage
Unfortunately, trading leverage cannot be founded anywhere. Leverage can magnify gains but it can also cause serious fund losses, especially to inexperienced traders.
Therefore, it is wise for beginners to choose a smaller size no more than 1:10, and the safest option is 1:1.
Trading Platform
MKNDY Ltd offers its clients access to the advanced MT5 trading platform, an industry-leading trading platform that features powerful charting package, multiple technical indicators, as well as EA supported for traders to automate trading during all trading sessions.
Customer Support
While for traders who need help during their trading process, they can only get in touch with this brokerage house through an email: support@mkndy.com.
Negative Reviews
Quite a few traders complaint that MKNDY Ltd has serious withdrawal problems, a 100% scam.
This platform takes away their hard-earned money, rejected their withdrawal requests.
Come to WikiFX to read the whole story.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
Every trader dreams of quick success, but rushing the process often leads to mistakes. It’s easy to get swept up in the excitement of winning trades or discouraged by unexpected losses. The truth is, mastering the emotional side of trading can be even more important than understanding market analysis or strategies.
In trading, distinguishing between a market correction and a market reversal is crucial for making sound decisions. Misjudging one for the other can lead to missed opportunities or significant losses. While both involve price movements, their causes, duration, and implications differ substantially. Understanding these differences can help traders improve their strategies and adapt to market conditions effectively.
With a steadfast commitment to fostering sustainable financial literacy and providing clear, strategic guidance to the next generation, WikiFX has collaborated with Van Lang University and Hoa Sen University to host an exclusive series of financial education workshops. This marks a pioneering initiative by WikiFX in Vietnam, designed not only to deliver foundational knowledge but also to instill a sense of responsibility and cultivate prudent financial decision-making among aspiring young traders.
Robinhood to introduce options trading in the UK by 2025 following FCA approval. Discover how this expansion aligns with Robinhood's strategy for global growth and new features.