Medco Finance Limited Review – Read Why Broker Is A Fraudulent

Medco Finance Limited Is Not Licensed?

Medco Finance Limited claims to operate from Colorado, USA. If so, the company must meet strict regulatory requirements:

• Medco Finance Limited’s regulator must be on the CFTC and NFA registry.
  
• The broker would not have permission to employ U.S. residents because CFD trading is prohibited.
• The owner must maintain a minimum capital of $20 million and be transparent in financial statements.

There is no transparency in the work of this broker. Also, there is no record of Medco Finance Limited in any first-tier registry, including the FCA, ASIC and BaFin.

It is becoming clear that this is a fraud. Medco Finance Limited is an anonymous trading broker without a license. And the company’s website looks like the cheap work of a schoolboy. For example, when you go to the account types page, you can immediately see the bugs – the site does not adapt to the different monitors. Screenshot below:

Both of the company’s domains (medcofinance.vip and medcofinance.com), went into the GoDaddy WHOIS database on September 29, 2022. Since that day, most of the complaints have come from GREAT BRITAIN, Poland, the Netherlands, Ireland, and France.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Brokerage Scam Accounts

To start trading, you need to fund your account. Depending on the type of account, the amount starts at EUR 100 and goes up to EUR 200,000.
The “Beginner” account allows you to trade only currencies, while clients may access all assets from the “Premium” account. In addition, each account brings more “insured trades”.

This is a common scam, implying that the broker will cover your trading expenses in the event of a loss. It makes no sense for investment companies to offer such a thing, especially for 100 euros. It’s just another trick to lure you to deposit and renew your account.

A Medco Finance Limited demo account is not available. Employees of the broker will convince you to familiarize yourself with the software, using high-pressure sales tactics. They will insist on depositing money.
Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – KonohaFX, XpresTrade, Hankotrade.

Problems With Verification of Medco Finance Limited

If you suddenly made a deposit, you’re in for a big disappointment. We have found a lot of evidence that Medco Finance Limited staff will require you to comply with AML policy and provide proof of identity, proof of bank account ownership and more.

However, all of your documents will raise doubts with the staff. They will constantly demand new documents, better quality photos.

Unfortunately, you will lose money.

Medco Finance Limited: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Medco Finance Limited. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Medco Finance Limited!