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Maddex Capital Review | Top of Your Trading Game or Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
Maddex Capital - logo

Maddex Capital will get you on top of your Trading Game. Sounds encouraging, doesn’t it? However, such words should always be checked. Sometimes scammers talk about themselves like that. Let’s see if this broker is so good and if traders praise it in the reviews.

Highlights

🏛️ Country
⚠️ Regulation
🖥️ Website https://maddexcapital.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit 250 USD / GBP/ EUR
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@maddexcapital.com
📞 Phone

First Impression of Maddexcapital.com

If professional traders just look at the Maddex Capital website, they will immediately understand that they are facing a scammer. Compare this site with other trusted broker sites. Do they allow themselves to treat their web resources so carelessly?

Maddex Capital - website

Here we see the most simple design, minimum information about trading conditions, and many statements that this broker is more than your average broker. And how is this confirmed? Maddex Capital does not even disclose information about itself. Additionally, the site takes a long time to load, and the menu has only two sections. Is it more than the average broker? No, we don’t think so at all.

Partnership and Bonuses

The company does not provide an affiliate program. However, it has bonus offers. It is not specified exactly which bonus amount they will credit to your account after the deposit. Apparently, Maddex Capital itself will decide this. However, we would not recommend you take this bonus. Its conditions are simply predatory.

Average brokers offer withdrawal of the bonus amount if the client performs the bonus and deposit amount multiplied by 30/40/50. By the way, it’s still a lot. However, Maddex Capital goes even further. It offers to make a trading turnover equal to the amount of the bonus multiplied by 20,000. That is so much that most likely you will lose money before you can get your withdrawal of the bonus amount.

Account Opening on Maddexcapital.com

By the registration form, you can understand that Maddex Capital is a scam broker and not a reliable and regulated company. You will only need to write:

  • First and last name
  • Country of residence
  • Phone number
  • Password.

Moreover, there is no email verification. The broker didn’t even bother with multi-factor authentication. After filling out the form, you will immediately be taken to your Personal Area. What kind of account security is Maddex Capital talking about?

Registration

The Client Portal is joined with the terminal. That only makes the situation worse. The problem is that the Maddex Capital platform takes a very long time to load, even on high-performance PCs. In your Personal Area, you will be able to fund your account, apply for money withdrawal, and make settings in your profile.

Maddex Capital - Client Portal

Verification

The company requires you to pass verification. This process is tedious. You will have to upload photos of your passport or ID card, utility bill with your name and address, and credit or debit cards. Maddex Capital may require these copies to be notarized. Besides, it may ask you to pass audio or video verification.

Pros
  • Easy to upload documents.
Cons
  • Maddex Capital does not have the right to require verification as it is not a legal entity.
  • The list of requirements is quite large.
  • You need to take a photo of the card.

Trading Software

The Maddex Capital platform is web-based only. There is no downloadable app for PC, as well as for smartphones. Of course, this is not the development of the broker, but the acquired software. It is not particularly good, as well as bad. Also, the platform takes a really long time to load.

Features Maddex Capital Axi  Unicorntradefx
Demo Account ✔️
Mobile App ✔️
Own Development

How Can I Trade With Maddex Capital?

Maddex Capital offers CFD trading. According to legend, there are more than 200 assets on the site. Unfortunately, nonsense is also written about them. For example, how to understand the expression “high-quality cryptocurrency pairs”? Are there defective cryptocurrency pairs?

All Info About Accounts

Apparently, there is only one account. However, we cannot say for sure, because the trading conditions are not described in detail. It is not specified what kind of leverage Maddex Capital gives to traders. The minimum deposit is $250. There are no Cent and Swap-free accounts, don’t even dream about it. There are no additional services either. In general, the quality of service makes us doubt that Maddex Capital can be classified as third-rate.

Pros
  • None.
Cons
  • No demo
  • No Swap-free
  • No micro-accounts
  • High minimum deposit
  • No additional services.

Market Analysis and Education With Maddexcapital.com

Maddex Capital does not have a market analysis. The education is extremely poor. There are only two useful sections on the site. The E-books section contains several books on technical analysis. In the glossary, there are terms for beginners. Apparently, you should study on your own.

Deposit, Withdrawal, and Fees

Maddex Capital provides depositing and withdrawing money via bank transfers, credit cards, and electronic payment systems. The latter term refers to Bitcoin transfers. Oh, and one more thing. While you wait for the withdrawal of money, you will have time to grow old. Withdrawal requests are processed within 7-10 days. The minimum withdrawal amount is $100. Additionally, Maddex Capital charges a 1% commission.

Features Maddex Capital Unicorntradefx  Vantage
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️ ✔️ ✔️

How Can I Contact It?

There are few contact details. The company offers to contact it only by mail or leave your details in the feedback form. There is not even a live chat on the site. Besides, there is absolutely no office address specified.

Pros
  • Email is specified.
Cons
  • No phone
  • No live-chat
  • You’ll have to wait for a support response for too long.

Is Maddex Capital Dangerous?

Looking at these trading conditions, we can say for sure that trading here will not make you rich. Moreover, the broker also has a lot of disadvantages.

How Long Does The Broker Work?

The first sign of a bad broker is anonymity. If it does not disclose information about its management company, most likely this is a scam. Maddex Capital does not say anything useful. When was the company founded? How many years has it been in business? Who is the director? All of these are questions without answers.

Therefore, we decided to check the Maddex Capital domain. It turns out that the domain was registered in 2020. However, when checking the information about the company, we noticed that traders began to leave the first reviews quite recently, in 2022. Unfortunately, the web archive did not save a screenshot of the site. So we can’t confirm or refute our theory about the short period of work of the broker.

How Is Maddex Capital Regulated?

We do no doubt about the illegality of Maddex Capital’s work. Have you been amazed why the company does not provide an address, registration number, or license number on the website? Everything is simple. It doesn’t even have a headquarters. In other words, this is not a real company, but just a website that pretends to be a real broker. Of course, if it is not an entity, then it could not get a license. The project is definitely providing financial services illegally.

Features Maddex Capital Axi  Unicorntradefx
European Zone ✔️
Asian Zone ✔️
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Maddex Capital?

Register on the website, pass verification, fund your account, and start trading.

Is Maddex Capital Legit?

No, it is not. This broker operates illegally. It is not registered as a legal entity and has not received a license.

How Risky Is It?

Trading with Maddex Capital is very dangerous for your deposit. The lack of supervision allows this broker to commit illegal actions with impunity. It disclaims all responsibility, even if it violates the terms and conditions, and you incur losses.
Kevin Berry
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Expert Opinion

This scam is one of those who don’t bother with their legend. Unfortunately, the scammers don’t really need it. Their victims are people who are terribly far from the world of finance. The broker must have a license, we say. License? What? They will say. They heard something about forex and cryptocurrencies and how people are getting rich on all this in a magical way. Therefore, when scammers offer them the same thing, then it’s in the bag. Therefore, Maddex Capital does not even register offshore and does not steal the personal data of another company. Nobody will even check it.

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Maddex Capital rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Maddex Capital

Timothy November 17, 2022 - 18:31
Complete sham
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I was disappointed with the honesty and reliability of the broker. Although they say that they will help you in every way, do not believe a single word. They are only interested in your money. I tried to clarify, does the company have a license? However, they had nothing to tell me. Then they just started ignoring me. Crooks look for newbies in trading and try to deceive them. And they also accept transfers only in cryptocurrency.

Reply
Oswald December 3, 2022 - 20:12
Be careful, and don't believe the positive reviews
The level of trust

I read a lot of good reviews about Maddex Capital. Now I think they were all purchased. It is impossible to earn money here. All that the broker promises is complete nonsense. I lost the deposit. It’s a good thing I didn’t invest everything I had.

Reply
Nathan December 22, 2022 - 10:45
I lost a lot of money.
The level of trust
Quick withdrawal of funds

The fact that attracted me was that they provided bonuses. I didn’t think it could be a scam. I made the minimum deposit. However, everything is not so simple here. Analysts do everything they can to get you to transfer as much money as possible. So I have already lost more than $10,000 with them. Now I honestly don’t know how to get the money back.

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