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Aden Markets DOO -

Score

1.26 /10
Danger

Aden Markets DOO

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.adtradeforex.com/index.html

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Comparison

Quantity 4

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.08

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Aden Markets DOO

Company Abbreviation

Aden Markets DOO

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 504072) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

All funds withheld

On December 29, I was asked to pay a 40% share of NT$1.5 million. After I paid it, on January 2, they said it was frozen by the Financial Supervisory Commission and asked me to pay another NT$1 million. I have already paid it, and still can’t withdraw the money. Aden Markets DOO, a manager Lin contacted me.

temmy2722
2024-01-11 16:17
Resolved

Unable to withdraw money (the service provider’s broker requires a margin)

After paying the dividend on December 7, the cash withdrawal was refused. On December 8, the cash withdrawal was refused. It was said that the capital account was frozen (the reason was suspected of involving money laundering). The corresponding deposit was immediately withdrawn from the account. The second supervisory bureau investigation confirmed that the account was empty. Money laundering can be withdrawn (about 1-3 months). Yesterday, December 20, AdenMarkets Doo Manager Lin said that cash can be withdrawn. The capital account has been confirmed to be free of money laundering. Now you need to pay a deposit of 15% before you can withdraw. I don’t understand why I need to pay a deposit before I can withdraw money even if my account is restored.

HUAGEJUANJUAN⭕️
2023-12-28 12:15
Resolved

Unable to withdraw money (the service provider requires a deposit)

After paying the dividend on December 7, the cash withdrawal was refused. On December 8, the cash withdrawal was refused. It was said that the capital account was frozen (the reason was suspected of involving money laundering). The corresponding deposit was immediately withdrawn from the account. The second supervisory bureau investigation confirmed that the account was empty. Money laundering activities can be withdrawn (about 1-3 months). Yesterday, December 20, AdenMarkets Doo Manager Lin said that cash withdrawals can be made. The capital account confirmed that there is no money laundering activity involved (now a deposit of 15% is required. It can be withdrawn. Do you know why even if you restore your account, you still need to pay a deposit before you can withdraw it?

HUAGEJUANJUAN⭕️
2023-12-21 22:34
Unable to Withdraw

Unable to withdraw funds. Manager Lin, the broker in Taiwan, asked me to pay a deposit, but I complained. He said he could withdraw the money if I dropped the complaint. But now I still can’t withdraw money, it’s a scam.

Manager Lin, Taiwan Service Provider of AdenMarkets Doo: Withdrawal of the dividends will be made on December 7th. The withdrawal was refused on December 8 because the capital account was frozen. It’s Suspected of money laundering. First, the corresponding deposit can be withdrawn immediately. Second, you can withdraw cash after the supervisory bureau investigates and confirms that there is no money laundering in the account (about 1-3 months). On December 20, AdenMarkets Doo Manager Lin said that cash withdrawals could be made and the capital account confirmed that there was no money laundering involved. He also said I need to pay a deposit of 15%, then I can withdraw. I don’t understand why I need to pay a deposit before withdrawing money even if my account is restored. Then I didn’t pay the deposit. Just in the past two days, Manager Lin came to me again and asked me to withdraw the complaint so that I could withdraw the money. I followed what he said and withdrew the complaint. On January 7, 2024, I did what he said, and he said that the funds could be credited to my account before noon on Tuesday at the latest. Yesterday, I was asked to send emails to three mailboxes respectively, saying that the problem had been solved. And then he told me that the account would be credited today, January 9th. As a result, I sent a message to Manager Lin today but received no response. The withdrawal issue has not been resolved. I was defrauded of NT$3.2 million, causing me to be pursued by underground banks!

HUAGEJUANJUAN⭕️
2024-01-09 21:34
Aden Markets DOO · Company summary

Note: Aden Markets DOO's official website: https://www.adtradeforex.com/ is currently inaccessible normally.

Aden Markets DOO Review Summary
Founded2023
Registered Country/RegionUnited Kingdom
RegulationASIC/FSA/FCA (Suspicious Clone)
Market InstrumentsStocks, Futures, Crude Oil, Gold, Bitcoin, Currencies, and more
Demo Account/
LeverageUp to 1:500
Spread/
Trading PlatformsMetaTrader 5 (MT5)
Minimum Deposit/
Customer SupportEmail: support@adtradeforex.com

Founded in 2023, Aden Markets DOO is an unregulated financial company based in the UK. It claims to provide trading on Stocks, Futures, Crude Oil, Gold, Bitcoin, Currencies, and more via the MT5 platform.

Aden Markets DOO

Pros and Cons

Pros Cons
/Non-functional website
Limited info on spread and deposit
Suscipious clone licenses
Lack of transparency

Is Aden Markets DOO Legit?

Regulatory Status Suspicious CloneSuspicious CloneSuspicious Clone
Regulated by The Australian Securities and Investments Commission (ASIC)The Financial Services Agency (FSA)The Financial Conduct Authority (FCA)
Licensed Institution AVA CAPITAL MARKETS AUSTRALIA PTY LTDAva Trade Japan K.KAVA Trade EU Limited
Licensed TypeMarket Making (MM)Retail Forex LicenseEuropean Authorized Representative (EEA)
Licensed Number406684関東財務局長（金商）第1662号504072
suspicious clone ASIC license
suspicious clone FSA license
Suspicious clone FCA license

What Can I Trade on Aden Markets DOO?

On Aden Markets DOO, you can trade with Stocks, Futures, Crude Oil, Gold, Bitcoin, Currencies, and more.

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

Account Type

Aden Markets DOO offers Comprehensive Account, Finance Account, and Financial STP Accounts.

Leverage

The maximum leverage is 1:500. However, high leverage means both increased profits and amplified losses.

Trading Platform

Aden Markets DOO provides MetaTrader 5 (MT5) for trading.

User Reviews

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User comment

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Comments

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DHIEWJ
more than one year
Aden Markets DOO have been a strong competitior in the broker market for a while and continue to do great marketing and advertising as a leading broker but could offer more crypto pairs to trade would make them better.
Aden Markets DOO have been a strong competitior in the broker market for a while and continue to do great marketing and advertising as a leading broker but could offer more crypto pairs to trade would make them better.
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2024-07-04 18:32
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Stefan Weber
more than one year
Aden Markets DOO's mt5 platform is packed with various technical indicators, perfect for experienced trader like me. However, they didn't respond to me timely. Three stars is what I gave them.
Aden Markets DOO's mt5 platform is packed with various technical indicators, perfect for experienced trader like me. However, they didn't respond to me timely. Three stars is what I gave them.
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2024-06-25 17:44
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