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Madexu Trade MT5 foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.madexulan.com/#/quickRegist, about the company's legal and temporary regulatory information, the company's address .

Madexu Trade MT5 Forex Broker

Basic information

Registered region
China
Operating period
--
Company Name
Madexu Trade MT5
Abbreviation
Madexu Trade MT5
Company employee
--
Customer Service Email Address
support@madexulan.com
Company website
Keywords
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Aspect Information Company Name Madexu Trade MT5 Registered Country/Area China Founded year 2023 Regulation Not regulated Minimum Deposit N/A Maximum Leverage N/A Spreads N/A Trading Platforms N/A Customer Support Email(support@madexulan.com)

What is Madexu Trade MT5?

  Madexu Trade MT5, operating from the China, lacks regulation, triggering worries about transparency and adherence to industry standards. Their official website is inaccessible attract attention to the reliability of their trading platform. Clients can contact them via email(support@madexulan.com).

  If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
N/A
  • Lack of Regulation
  • Increased Risk
  • Website Inaccessibility

  Pros:

  N/A

  Cons:

  •   Lack of Regulation: Madexu Trade MT5 operates without regulatory oversight, exposing users to higher risk. The absence of regulation raises concerns about the platform's commitment to adhering to industry standards and protecting user interests.

  •   Increased Risk: Investing with Madexu Trade MT5 carries a higher level of risk due to the lack of regulation and the uncertainty surrounding the broker. Without proper oversight, there is a potential for funds to be misappropriated or for the broker to disappear without notice, putting investors' capital at risk.

  •   Website Inaccessibility: Madexu Trade MT5's website is inaccessible. An inaccessible website can damage a companys reputation, leading to a loss of trust and credibility among existing and potential customers. This lack of accessibility may also hinder users from accessing important information or executing trades efficiently.

Is Madexu Trade MT5 Safe or a Scam?

  Madexu Trade MT5 operates without regulatory oversight, raising concerns about transparency and adherence to industry standards. In an industry where trust and reliability are paramount, the absence of regulation and comprehensive information may deter potential users from engaging with the platform.

Customer Service

  Madexu offers accessible customer support through email at support@madexulan.com. This contact method allows users to reach out with inquiries or concerns conveniently.

Conclusion

  In conclusion, the inaccessibility of their official website is a red flag and raises doubts about the trustworthiness of their trading platform. This lack of accessibility indicates a higher level of risk associated with investing with Madexu Trade MT5.

  Also, there is a lack of information regarding the market instruments offered by Madexu Trade MT5, the availability of account, leverage options, spread, trading platforms, minimum deposit requirements, and other key details.

Frequently Asked Questions (FAQs)

Q 1: Is Madexu Trade MT5 regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Madexu Trade MT5?
A 2: You can contact via email: support@madexulan.com.

Exposure

  Madexu Trade MT5 has faced three instances of exposure, with users reporting difficulties in withdrawing funds from the platform. Users have encountered obstacles in accessing their funds, with the exchange allegedly requiring VIP account upgrades for withdrawals and failing to process withdrawal orders.

  Additionally, users have reported coercive tactics, such as forcing investors to upgrade their accounts and subsequently locking their accounts under the guise of updating account information. These exposures suggest significant challenges in accessing funds and raise issues about the platform's integrity and user trust.

Madexu Trade MT5 broker review
Madexu Trade MT5 safe or scam

Rating Index

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Latest Reviews

Do Duy Anh

Do Duy Anh

Vietnam

The exchange does not allow withdrawals, requires upgrading to a VIP account, and has to pay more to upgrade but cannot withdraw money.

Exposure

2024-01-31

Thinhnt

Thinhnt

Vietnam

The exchange requires VIP upgrades to withdraw money and does not approve withdrawal orders.

Exposure

2024-01-20

Vu Thanh Nam

Vu Thanh Nam

Vietnam

The platform does not allow customers to withdraw money. They forced investors to upgrade accounts. After the customer upgraded their account, they used the excuse of updating the wrong account number and forced the customer to deposit and then lock the customer account.

Exposure

2023-12-24

Madexu Trade MT5 Forex Broker has an overall rating of 1.26, Regulatory Index 0.00, License Index 0.00, Business Index 5.10, Software Index 4.00 Risk Control Index 0.00.