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Aden Markets DOO Forex Broker provides real users with 1 positive reviews, 2 neutral reviews and 4 exposure review!

Aden Markets DOO Broker Review

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Aden Markets DOO Review 7

Latest All(7) Positive(1) Neutral(2) Exposure(4)
Positive
Aden Markets: Competitive Broker Boosts Marketing, Lacks Crypto Diversity

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.

DHIEWJ
2024-07-04
Neutral
Gaman: Strong Broker with Room to Expand Crypto Offerings

Gaman 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.

HIKARU&AVALON
2024-07-04
Neutral
Feature-Rich MT5 Platform, Lackluster Customer Service: My 3-Star Aden Markets Review

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.

Stefan Weber
2024-06-25
Exposure
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
Exposure
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 First, the corresponding deposit can be withdrawn immediately.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!

畫個圈圈⭕️
2024-01-09
Exposure
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.

畫個圈圈⭕️
2023-12-28
Exposure
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?

畫個圈圈⭕️
2023-12-21

  

Aden Markets DOO 2025 Review: Everything You Need to Know

  Aden Markets DOO has emerged as a controversial player in the forex trading space since its establishment in 2023. Despite offering a variety of trading instruments and a popular trading platform, the broker is marred by significant regulatory concerns and a lack of transparency, leading to widespread skepticism among potential investors. This review encapsulates user experiences, expert opinions, and critical features of Aden Markets DOO to provide a comprehensive overview.

  Note: It is crucial to recognize that Aden Markets DOO operates under various names and may target different regions, which can complicate the assessment of its legitimacy. This review is based on multiple sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 5
Trading Experience 4
Trustworthiness 2
User Experience 3

  How We Rated the Broker: Ratings are derived from a synthesis of user reviews, expert analyses, and factual data regarding trading conditions and regulatory compliance.

  

Broker Overview

  Founded in 2023, Aden Markets DOO is an unregulated financial firm based in the United Kingdom. The broker offers trading through the MT5 platform, allowing access to various asset classes, including forex (62 currency pairs), precious metals, cryptocurrencies, stock indices, and crude oil. However, it currently lacks valid regulatory oversight, which raises significant concerns about the safety and security of client funds.

  

Detailed Analysis

  Regulatory Status:

  Aden Markets DOO operates without any recognized regulatory authority, presenting a high risk to potential investors. The broker has been flagged by multiple sources as unregulated, with the Financial Conduct Authority (FCA) in the UK warning against its operations. According to WikiFX, the broker has been assigned a low score of 1.24 out of 10, indicating serious red flags regarding its legitimacy.

  Deposit/Withdrawal Options:

  The broker accepts various payment methods, including credit/debit cards, bank transfers, and e-wallets. The minimum deposit is set at $100, with a minimum withdrawal fee of $50 for certain methods. Withdrawal processing times vary, with e-wallets taking 1-3 business days. However, many users have reported difficulties in withdrawing their funds, which is a common issue with unregulated brokers.

  Minimum Deposit:

  The minimum deposit required to start trading with Aden Markets DOO is $100. While this is relatively low compared to some competitors, the lack of regulation raises concerns about the safety of even this small investment.

  Bonuses/Promotions:

  Currently, there are no significant bonuses or promotional offers detailed in the sources reviewed. This absence is not uncommon among unregulated brokers, who may prioritize attracting clients through other means.

  Asset Classes:

  Aden Markets DOO provides access to a range of trading instruments, including forex, precious metals, cryptocurrencies, stock indices, and crude oil. However, there are no bonds, options, or ETFs available, which could limit the trading strategies of some investors.

  Costs (Spreads, Fees, Commissions):

  The broker claims to offer spreads starting from 0.0 pips, which is competitive. However, it charges a commission of $3 per side for standard lot sizes. Users have reported mixed experiences regarding the transparency of these costs, with some noting hidden fees during withdrawals.

  Leverage:

  Aden Markets DOO offers leverage of up to 1:100, which can amplify both potential profits and losses. High leverage is often appealing to traders but comes with increased risk, particularly in an unregulated environment.

  Trading Platforms Allowed:

  The broker exclusively supports the MT5 trading platform, which is popular among experienced traders for its advanced features and tools. However, the absence of a demo account limits opportunities for novice traders to familiarize themselves with the platform before committing real funds.

  Restricted Regions:

  While specific restricted regions are not detailed in the sources, the broker's lack of regulation suggests that it may not be compliant with the regulatory requirements of many countries, making it a risky choice for international traders.

  Customer Service Languages Available:

  Customer support is primarily available in English, with contact options limited to email. Users have reported mixed experiences with response times, with some praising the support while others have faced delays.

  

Ratings Breakdown

  Account Conditions:

  Aden Markets DOO only offers a single account type with limited features, which may not meet the diverse needs of traders. The lack of a demo account is a significant drawback for beginners.

  Tools and Resources:

  While the broker provides access to the MT5 platform, there is a notable absence of educational resources or trading tools that could assist traders in making informed decisions.

  Customer Service and Support:

  Customer service has received mixed reviews, with some users reporting satisfactory experiences while others have faced challenges in getting timely assistance.

  Trading Experience:

  The trading experience can be hampered by the broker's unregulated status, leading to potential issues with fund withdrawals and overall trustworthiness.

  Trustworthiness:

  The lack of regulatory oversight significantly impacts Aden Markets DOO's trustworthiness, leading to a low rating in this category. The warnings issued by regulatory bodies further underscore the risks involved.

  User Experience:

  User experiences vary widely, with some reporting efficient trading and quick deposits, while others highlight difficulties in withdrawals and concerns over the broker's legitimacy.

  

Conclusion

  In summary, Aden Markets DOO presents a compelling but risky option for traders seeking a wide range of assets and competitive spreads. However, the absence of regulation, coupled with mixed user experiences and significant withdrawal issues, raises serious concerns about the safety of funds with this broker. Potential investors are strongly advised to conduct thorough research and consider regulated alternatives before engaging with Aden Markets DOO.