MDC Broker Review

MDC Review 2

Latest All(2) Neutral(1) Exposure(1)

Neutral

Would not recommend to anyone, customer service is poor and has not answered any of the questions I asked. They closed my account for an unknown reason and have not yet refunded me my deposit.

余先生56440

2023-03-07

Exposure

I was cheated by MDC

I am from Taiwan. And I used Line via the introduction of Chen Xiaoyun. And she persuaded me into investing in MDC, http://www.ppnxd.com./Login/index.html. Account: 0937628615. UID:47. I paid T$788,000 to buy their digital currency. I wanna withdraw $143,498 o May 10, 2021 and paid the 0.4% handling fee. But the salesman said 5% handling fees had been required since May, 2021. Besides, over T$200,000 should be transferred to the designated account to withdraw funds. But I didn’t have enough money and I thought this was not normal. I realized that I may be cheated. I thought that I may withdraw a small amount of money. So I applied for withdrawal on May 13, 2021. The salesman said the money could arrive within two working days. So I consulted them on Monday. And they promised that I could get my money on Tuesday. There was up to $148,072 of withdrawal till now. And they hasn’t replied to me. I am sure that I have been cheated. Their headquarters is in Hong Kong. So I ask for help here

FX8487204192

2021-05-31

MDC 2025 Review: Everything You Need to Know

　　In the ever-evolving landscape of forex trading, MDC has emerged as a broker attracting attention, both positive and negative. This review synthesizes various sources to provide a comprehensive look at MDC, highlighting its strengths and weaknesses, especially regarding user experiences and expert opinions.

　　Notice: It's important to note that MDC operates under different entities across regions, which can significantly affect user experiences and regulatory standing. This review employs a balanced approach to ensure fairness and accuracy in its assessments.

Rating Breakdown

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

　　How We Rated the Broker: Our ratings are derived from a thorough analysis of user feedback, expert opinions, and factual data from reliable sources.

Broker Overview

　　MDC was reportedly established between 5 to 10 years ago and is registered in China. However, it currently lacks valid regulatory oversight, which raises significant concerns regarding its legitimacy and reliability. The brokers website, mdc-fx.com, suggests it offers access to various trading platforms, although specific details about the trading platform used (e.g., MT4 or MT5) were not clearly mentioned. Users can trade in multiple asset classes, but the absence of regulatory backing is a critical red flag.

Detailed Section

Regulated Geographical Areas

　　MDC operates primarily in China and does not have any valid regulatory licenses, making it a high-risk option for traders. According to WikiFX, the broker has been flagged for its lack of legitimate regulation, which is a significant concern for potential users.

Deposit/Withdrawal Currencies

　　While specific details regarding accepted currencies for deposits and withdrawals were not highlighted in the sources, it is essential for potential users to inquire directly with the broker for clarity.

Minimum Deposit

　　The minimum deposit requirement was not explicitly mentioned in the available information, which adds to the uncertainty surrounding MDC's trading conditions.

Bonuses/Promotions

　　No information regarding bonuses or promotions was found in the reviewed sources, suggesting that MDC may not offer any incentives for new traders.

Tradable Asset Classes

　　MDC appears to offer a range of tradable assets, but the specifics were unclear. Users are encouraged to review the brokers website or contact customer support for detailed information.

Costs (Spreads, Fees, Commissions)

　　Details regarding spreads, fees, and commissions were not provided in the sources, which can be a crucial factor for traders when evaluating a broker. Transparency in this area is vital for informed decision-making.

Leverage

　　The leverage options available through MDC were not specified in the reviewed materials, which is another essential factor for traders to consider.

Allowed Trading Platforms

　　The specific trading platforms available for use with MDC were not detailed in the sources, which may limit traders' ability to utilize preferred tools for trading.

Restricted Regions

　　The sources did not provide information on any restricted regions for MDCs services, but potential users should verify this information directly with the broker.

Available Customer Service Languages

　　Customer service options and available languages were not clearly outlined in the reviewed materials. This lack of information can impact user experience, especially for non-English speakers.

Repeated Rating Breakdown

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

Detailed Breakdown

　　Account Conditions (3/10): MDC's account conditions are concerning due to the lack of clear information regarding minimum deposits and trading conditions. The absence of regulatory oversight further diminishes confidence.
　　Tools and Resources (4/10): While some resources may be available, the lack of clarity on trading platforms and tools limits the overall user experience.
　　Customer Service and Support (2/10): User feedback suggests that customer service is lacking. The absence of clear contact information and support options can deter potential traders.
　　Trading Experience (3/10): The trading experience is hampered by the broker's unregulated status, raising concerns about reliability and safety during trading.
　　Trustworthiness (2/10): With no valid regulatory licenses and numerous warnings from platforms like WikiFX, trust in MDC is significantly undermined.
　　User Experience (3/10): Overall user experiences appear mixed, with many expressing concerns about the broker's legitimacy and support.
　　Additional Features (4/10): While there may be some additional features, the lack of comprehensive information makes it difficult to assess their value.

　　In conclusion, the MDC review paints a concerning picture of the broker, highlighting significant risks associated with trading through an unregulated entity. Potential users should exercise caution and conduct thorough research before engaging with MDC.