If you try to find any useful information on the Maddex Capital website, you won’t be able to. Simply put, the firm made sure to hide everything of relevance, including owner and trading conditions. Without these, you can be sure your funds will be stolen.
Let’s dive into our latest Maddex Capital review and explain all the issues.
To begin with, Maddex Capital regulation doesn’t exist. The firm claims to be a “worldwide brand committed to your trading experience.” However, nothing would indicate who the owner is or which “worldwide” license the firm holds.
In their Terms and Conditions, it’s vaguely indicated that the governing law is the law of Saint Vincent and the Grenadines. Since SVG has no regulator overseeing Forex and CFD brokers, courts can easily declare themselves unauthorized for any lawsuits.
Hence, even if you find this fictitious entity owner, you won’t be able to get your money back through financial authorities.
Additionally, the brokerage onboards EEA zone residents without complying with ESMA or any other financial laws.
According to MiFID directives, each broker must be transparent about trading terms and costs and not mislead investors. Maddex Capital broker is far from it, giving us barely anything.
Maddex Capital is an anonymous online trading brokerage. The information on the website is very obscure, showing no owner or legal jurisdiction.
According to the GoDaddy WHOIS database, the website has been active since the 23rd of August, 2022. The company mainly targets residents of:
Each of these countries has Tier 1 regulators and stringent rules for brokerage houses. As you can guess, Maddex Capital doesn’t comply with any, being an illicit scammer.
Since there are no official warnings from authorities, your story can help us put pressure on and ban fraud.
The Maddex Capital trading platform is pretty disappointing. Instead of offering investors reputable third-party software like MT4, MT5, or cTrader, we only have WebTrader. While it’s branded and does belong to Maddex Capital, it’s still susceptible to manipulation.
Browser-based platforms are never as safe or secure as trading apps. Firms can change market prices and make it seem as if you have won or lost significant amounts of money.
This is something worth considering before applying for online trading. Find a platform with all the features and a sufficient level of safety, then find a broker that offers just that.
Maddex Capital doesn’t offer any mobile apps either. Both Android and iOS users have to log in to their accounts through a mobile web browser.
Besides the convenience issue, there’s a problem with efficiency. You can easily lose all your money if you need to search the web each time there’s market oscillation.
Customers of Maddex Capital have several options when it comes to trading instruments:
The spread on the platform starts at over 6 pips for EUR/USD pairs, which is incredibly high. Other fees are not specified, but with such a spread, we are sure they’re high too.
There’s no reason to risk your funds with this or any similar unregulated fraudster. Legitimate companies offer fair market terms and are way more transparent about it.
A Maddex Capital Demo account is not an option. You can overview the platform directly from the website but cannot place any trades.
Instead of allowing customers to evaluate trading terms and conditions, Maddex Capital ensures you can only risk your own funds. This is another red flag and another proof that we’re reviewing a trading scam.
Maddex Capital account types don’t exist. Additionally, the website doesn’t disclose information about the minimum deposit or ways to invest.
However, broker withdrawal is only possible via crypto. Therefore, we assume it’s the only option for depositing as well, in compliance with AML policies.
This is the least safe payment option of all. If you transfer funds via cryptocurrencies, you cannot request a chargeback or recall, and the only way to get your funds back is by requesting a refund directly from the exchange.
In addition, the company’s running a withdrawal fee scam. According to Maddex Capital reviews, anyone who submits a withdrawal request must pay taxes and transfer fees before being granted a payout. Note that this is just the last attempt to extort your money before finally disappearing with it.
Don’t fall for it; report any suspicious activity or requests immediately!
Maddex Capital is an experienced scammer. If you fell for the story you were sold, don’t feel ashamed about reporting it.
Crypto transactions are particularly sensitive as money can be converted to fiat at any time. Therefore, you have to react quickly.
Basically, Maddex Capital is an investment scam, presumably based offshore. If you have any issues getting a payout, contact us for help with the refund procedure.
No, Maddex Capital doesn’t offer a Demo account or any other account types.
The company didn’t specify the requirements for the initial deposit.
Basically, Maddex Capital is an investment scam, presumably based offshore. If you have any issues getting a payout, contact us for help with the refund procedure.
No, Maddex Capital doesn’t offer a Demo account or any other account types.
The company didn’t specify the requirements for the initial deposit.
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