Maddex Capital Review – Is This Unlicensed Forex Broker a Scam?

Is Maddex Capital a Scam Broker?

Maddex Capital regulation is not even in existence. Maddex Capital claims it is a “worldwide brand dedicated to your trading experience”. However, there are no details about who the owner or what “worldwide” licenses the firm has.

It is stated in their Terms and Conditions that the governing law will be the law of Saint Vincent & the Grenadines. SVG does not have a regulator for Forex or CFD brokers so courts can declare themselves unauthorized to sue.

Therefore, even if this fictitious entity owner is found, financial authorities won’t allow you to recover your money.

The brokerage also accepts residents of the EEA without having to comply with ESMA or other financial laws.

MiFID directives require that brokers disclose trading terms and costs to investors and not mislead them. Maddex Capital broker is far away from this, and gives us very little.

Maddex Capital, an anonymous online brokerage , is an anonymous online trading broker . The website’s information is not easily readable and does not identify any legal entity.

Maddex Capital Scam Victims Are Living Where?

According to GoDaddy WHOIS, the website was active from the 23rd August 2022. This company targets residents of the following areas:

• Australia
• UK
• Canada
• Israel

Each country has Tier 1 regulators, and strict rules for brokerage houses. Maddex Capital, an illegal scammer, doesn’t have to comply with any of these regulations.

Your story can be used to help us ban fraud, since there aren’t any official warnings from authorities.

Supported Trading Platforms: Available Trading Software

Maddex Capital’s trading platform is quite disappointing. We don’t offer investors third-party software such as MT4, MT5, and cTrader. Instead, we have WebTrader. It is branded Maddex Capital and is therefore available for manipulation.

Browser-based platforms can be just as secure and safe as trading apps. Firms can manipulate market prices to make it appear that you have made significant money.

Before you apply for online trading, this is something to consider. Look for a platform that provides all the necessary features and offers sufficient safety. Then, find a broker who does just that.

Mobile Trading App – iOS & Android Trading

Maddex Capital does not offer mobile apps. Android and iOS users must log in using a mobile web browser.

There is also a problem of efficiency. If you search the internet for market oscillations, you could easily lose all of your money.

Maddex Capital Broker: What can I trade?

Maddex Capital customers have many options when it comes trading instruments.

• Forex Market (Currency Pairs), such as EUR/USD and GBP/NOK.
• Commoditiessuch Gold and Natural Gas are Corn.
• Indices like DJIA and NASDAQ. FTSE 100.
• Sharessuch Amazon and Intelor Nvidia
• Cryptocurrencies (Digital Currencies, or Cryptos), are digital currencies such as BTC and USDC.

Spreads and Fees

Spreads on the platform start at more than 6 pips for EUR/USD pairs. This is extremely high. We don’t know if there are any other fees, but we believe they are high with this spread.

This or similar unregulated fraudsters are not a reason to put your money at risk. Legitimate companies are more transparent and offer fair market terms.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Maddex Capital: Video

Below you will find a short video about Maddex Capital. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Maddex Capital!