Customer Reviews of MDXCapital in 2023
MDXCapital guarantees a high level of customer loyalty and values each of them. However, it is worth noting that after reading reviews from real users, some doubts arise about their honesty. Before drawing any conclusions, it is important to analyze the facts and gather all available information.
Main Facts about MDXCapital
MDXCapital claims to have been providing its services since 2010 and has gained the trust of many traders. Over the past 10 years, according to their reports, they have achieved the following impressive results:
- The company’s management has visited over 120 cities to meet with clients,
- More than 180,000 trading accounts have been opened on the platform,
- Users have earned over 1 billion dollars,
- More than 1,338,148,715 orders have been successfully executed.
Some traders may find the company truly reliable and conducive to earning. However, it is worth noting that a whois analysis showed that the domain mdxcapital.com has been active only since the end of August 2010.
The appearance of reviews about the company is just beginning, raising some questions. Through studying the web archive, it became clear that in March of last year, the domain name was sold for less than $300. There are suspicions that scammers acquired the old site and are using it for their own purposes.
There have been many complaints about irresponsibility and lack of response from customer support. This is understandable, as the company provided a fake phone number. A similar situation exists with the email address, making it practically impossible to contact them.
There is no information on the top managers of the company on the MDXCapital website, which raises certain suspicions regarding their honesty and willingness to take financial responsibility for their actions.
Legal Basis Check
According to information on the website, the MDXCapital brand belongs to the company MDX CONSULTANTS LIMITED, registered in the United Kingdom. Despite the lack of documents confirming this, the company has indicated a legal address and incorporation certificate number.
Authenticating this document was straightforward, as the Companies House registry is publicly accessible. It was found that MDX CONSULTANTS LIMITED is indeed registered in the UK and obtained a registration certificate in 2010. However, it should be noted that the company itself specializes not in providing brokerage services, but in software development and IT consulting.
Unfortunately, neither this company nor the MDXCapital broker has authorization from the local regulator FCA. In their reviews, users rightfully call this company dishonest and warn of potential dangers in dealing with them.
How Does MDXCapital Propose to Make Money?
MDXCapital offers trading with over 150 instruments, including currency pairs, stocks, indices, commodities, oil, precious metals, and more. Trading conditions through CFDs include:
- Minimum deposit – $50 (a choice of 6 tariff plans is offered),
- Leverage – up to 1:1000 (contradicting European regulators who have limited leverage to 1:30),
- Order execution – up to 0.01 seconds,
- Free analytics,
- 24/7 technical support,
- Bonuses – up to 50% of the deposit amount,
- Free education,
- Some tariffs also provide trading signals, investment portfolios, and personalized support.
The company does not disclose details about financial operations. Customer reviews indicate that the company not only does not allow profits to be withdrawn but also refuses to return initial investments. Attempts to protest may only lead to blocking access to the personal account.
User Reviews
MDXCapital raises doubts among many traders and has already received numerous negative reviews. Many users have encountered deception and lost their funds. More information on this can be found in reviews from actual company clients.
If you have additional facts that can expose the company or want to share your personal trading experience on this platform, please leave your review below our article. Your voice can help others avoid financial loss.
Scam Operation Scheme
MDXCapital relies on traders not asking unnecessary questions and not delving into details. In the initial stages, newcomers may fall victim to spammers, who later pass the case to psychologists. The company seeks to attract novice investors with a minimal amount. Later, they may offer free education and claim that it is easier to learn the basics of trading on financial markets with remote access to software.
In reality, this software may be used by scammers for unauthorized access to a client’s personal account and theft of their funds. Upon discovering a zero balance in the account, it will already be too late.
Independent Review Summary
Subsequent analysis shows that MDXCapital is a dishonest broker who has no intention of fulfilling its obligations and conducting fair business with traders. By registering on this platform, you risk losing legal protection and sign your financial sentence. Before you realize this, your account may be emptied. Recovering stolen funds can only be done through a chargeback service.
My experience with MDXCapital has been abysmal so far and quite disappointing to say the least. Despite the fact that it’s 2023, it feels like their technology and customer service are stuck in the previous decade. They have continuously failed to address my concerns regarding my investments and their customer service line seems to be perennially unreachable. The entire interface of their platform is confusing and constantly filled with annoying glitches. It’s hard to understand how a financial service company of their size and magnitude is underperforming so consistently. Transactions take an absolutely unacceptable amount of time to process and the lack of transparency is appalling. I would certainly not recommend MDXCapital to anyone looking for efficient, reliable financial management.