Maddex Capital Review: Signs That This Broker Is a Fraud

Maddex Capital has been described by many as a scam operation. The company is said to be operating in the name of forex trading but instead uses it as an excuse to take money from unsuspecting customers. And if you try to find any useful information on the Maddex Capital broker 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. This is more than enough to conclude they are nothing but just another investment scam but this Maddex Capital broker review will shine even more light on their lies.

License and Safety of Funds at Maddex Capital

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.

The broker also gives the impression that they have offices in the UK and Australia. If this were the case, they would have to be under the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). The company has, however, not mentioned any of these regulatory bodies.

Maddex Capital Trade Trading Platform

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.

It’s also very common for many scam brokers to manipulate their web traders to make you believe that you are making profits so they can ask you to deposit even more. 

Account Types Available at Maddex Capital

In regards to the trading account types, the Maddex Capital has failed to provide something as basic as that. Honestly, we were very much surprised when we saw that there is no mention of that anywhere. Many fraudulent brokers at least put some information about the trading accounts they offer and what is the minimum required deposit for them, but that is not the case with Maddex Capital.

Because of this, we strongly don’t advise you to invest with a company like this. Maddex Capital is nothing more than a poorly executed scam that is trying to hide as much as possible information from you.

Maddex Capital Deposit and Withdrawal

Maddex Capital broker on their website states they accept deposits by:

• Maestro cards
• Master cards
• Wire Transfers

Although this can sound very promising for both beginner traders and those with a little bit more experience, we highly doubt it’s actually true. Additionally, keep in mind that the minimum deposit requirement they set is $250, which is just too much and never happens with a legit and reliable broker.

However, the real red flag is their withdrawal policy which states that they are only available solely through Crypto Asset Transfers. This is a common trick financial fraudsters use to make your withdrawal almost impossible and with as many fees as they can.

How Does This Scam Operate?

A lot of fraudulent brokers have very shady tactics when it comes to stealing your money and Maddex Capital doesn’t fall behind.

This scam broker uses manipulative trading software to make it seem that you are making a lot of profit fast but that is all just to get you to invest more. In case you don’t want to invest more money, they will start with their pushy tactic saying that if you don’t invest more, you will lose all of your current profits.

And like any similar trading scam, they prey on personal information people left online, and once they get it, they will harass you daily.

Maddex Capital Summary

This Maddex Capital review was conducted to give you a good explanation of how this scam broker operates. The fact that they failed to provide even the most basic info like account types and the address they operate from is just one out of many red flags.

This investment scam allegedly offers trade in forex, CFD, and crypto. However, after one look at the alleged trading software they have, it becomes obvious no trading takes place there.

Additionally, they are operating without a license and follow no regulations and therefore offer no safety for your funds.

We also found many complaints about the broker online and all of them state that after depositing the money, the broker disappeared into thin air. Always be cautious where you invest your funds, and stay as far as possible from this unscrupulous broker

FAQs About Maddex Capital Broker