The resource emphasizes to potential clients to invest efficiently and work based on advanced technologies. The broker claims to be located in Seychelles. In addition, more than a dozen branches are listed on an interactive map in various locations around the world. However, the company it claims to be managed by has no actual relationship with it.
Can you trust this broker with your funds and should you expect profits from trading? Our MDBMarkets review will help you find out how reliable this broker is.
How to Trade
Traders can trade currencies, indices, and over 200 CFD instruments on WebTrader and MT5 platforms. The minimum deposit is $250 for a basic start. The broker offers clients the following terms and conditions:
- Spreads from 0.001 pips.
- 6 types of accounts with a deposit of $5,000.
- 10% of the first deposit of a referral.
- Bonus with trading volume of 50,000 times its value.
Commissions are charged for the withdrawal of funds, inactive accounts, overnight trading, etc. The brokerage company promises clients to withdraw BTC to a bank account through its exchange office within a few minutes.
Additional services include manager consultations, educational classes, and trading signals. Analytics are provided in the form of quote tickers from TradingView.
MDBMarkets Vital Info
The broker does not disclose how long the platform has been running. As for the domain, it was created in May 2023, presumably on this date the project started. Besides, there is no information about the team. Who are all these professionals? If they are so famous, why are they not represented on the site? Such secrecy is not typical for financial organizations that have branches on all continents.
We decided to check how the broker is regulated and whether it has received a license from the Seychelles Financial Services Authority, as required by law. However, we founded that MDBMarkets has no connection with firms in its legal information. In reality, it is a completely illegal project without registration or a license, shamelessly using the registration details of legitimate firms as its own.
I deposited the minimum amount into a Bronze account at MDBMARKETS. The managers promised to help me minimize the risks, and the analyst promised to call me as soon as the funds were received from me, but it's been a week and he doesn't contact me and his phone is switched off. I'm not approved to withdraw money back. I am a naive fool, fell into the clutches of the next scammers and thieves...
I left this intermediary after my first trade, I opened it on the euro/yen pair and immediately the spike knocked out the stop loss! It turned out that the quote was unmarketable, so the managers immediately removed the spike, but they refused to give me back the lost 89 euros, I then took all the money from my balance!
This broker plays with the quotes, giving traders the illusion of success by pushing you to constantly increase your deposit. In reality, it is a fake site and your money immediately becomes the property of the managers. Mdbmarkets is an unambiguous scam! There are many reviews on the Internet from other users who have encountered these scammers and their tricks. Many traders found themselves in huge debts because of this dealer. I lost over 8,000 dollars and now I have become extremely cautious about financial matters. I strongly advise everyone to stay away from this scam project!!!
I work as a freelancer and I was always looking for additional ways to earn income. Finally, I found the perfect partner. The owner of mdbmarkets.com offers really great service! Trading with this broker has been an exciting adventure for me! I started trading with $250 and decided to experiment with different strategies. As a newbie in the world of investing, I was amazed by the support this broker provides :) The training resources and easy-to-use interface helped me take my first steps. The company's patient staff answered all my questions and even helped me choose the right assets for my initial portfolio. I feel confident and secure with this site! The flexible platform and fast execution of trades gave me the freedom to experiment and I quickly doubled all my investments! The flexible trading conditions and intuitive interface allowed me to quickly learn crypto trading and earn an additional $4,000 to my freelance income over the past few months. One of my bold trades even earned me a 150% profit, and I realize that I can certainly walk away in the red if I decide to try something even more exciting!
I could only withdraw 40% of what I deposited into my account with this company, and the rest of my money was left as loot in the teeth of these crocodiles from MDBMARKETS. I did not plan to gift my money to scammers, which is very unpleasant for me, considering that profitable trading did not work out with them. I believed that they are regulated and only now I found information that it is a fake company and no one regulates them.
I changed two brokers before I opened an account with mdbmarkets I thought I was already well-versed in trading platforms. However, I managed to work for no more than a month before my account was blocked. The only thing that makes me happy is that I transferred some money into the account...
I haven't made a single withdrawal of money during the whole time of working with mdbmarkets forex broker. Managers helped me throw away everything and didn't even leave me a chance to profit! I had nothing to withdraw!
The staff here is cooler, they worked initially very well, they always answered me to the point and quickly. The group of mdbmarkets partners were active in social networking, they were the ones who persuaded me to invest €30K here. They gave me guarantees of big earnings, but it didn't go beyond words. As soon as I started trading, I realized very soon that they cheat clients here and the most offensive thing is that I can't take my money right away, I had to make a minimum turnover of 50 thousand times my deposit! This rule is impossible to fulfill, and I can not refuse the imposed bonus, but it's not fair! I think that any other adequate forex broker will give you your money if you change your mind about trading. And these crooks began to sweetly persuade me to continue trading with them. There was nothing left for me to do but to continue trading at mdbmarkets.com. My story ended with the fact that I drained all my capital and I had nothing to withdraw...
Don't cooperate with these crooks! The broker is fake, steals money, and doesn't withdraw on requests :( If you want to trade here, you should know that they won't let you withdraw funds without paying catastrophic fees. Mdbmarkets is a real scam!!!
I think that this broker does not withdraw money to any of their investors, because when I put to withdraw my deposit, the administrators sent me a long list of commissions, which clearly exceed the amount that I want to withdraw, and it turned out that I can withdraw only a small part of the amount per month, what kind of conditions?!!! I see for the first time such requirements!!! trading here, by the way, is not stable, there are a lot of slippages and in general, it is some kind of scam.
Mdbmarkets scammed me like a little child and I lost my 5,000 dollars in a month of trading.
I'm thrilled to work on this platform! MDBMarkets is not just a broker, it's a reliable partner on the way to financial success. My investment of $25,000 doubled in 5 months thanks to the expert advice of their analysts and accurate signals. I start every morning by watching their analytics and I get a huge boost of positive energy for the whole day. They are always one step ahead of the market. I feel like a true professional, thanks to their support, I even closed my last trade with a profit of 1,200 USD! The personal manager makes me happy daily, he is always on call and ready to help me in any situation. The only disadvantage is the large commissions, but the profit allows you to smooth that out. I recommend mdbmarkets.com to everyone who is looking for a reliable helper in the world of forex!
I realized that you can not believe in any way this company!!! This is the first time I have seen such a disrespectful attitude towards users: MDBMarkets decided that they know everything, so they make a fool out of a client. They told me that I had to send my data - I did, then they told me that I had to deposit at least 5 thousand dollars into my account, I told them that I wanted the basic rate of 250 dollars, but they started to push me to a rate that is 20 times more. Why should I take these risks if I want to try the work of the terminal first on a small deposit amount??!! However, they showed such a big pressure that I don't want to work there anymore.
Mdb Markets did not refund my $1,624 earned profit nor the $6,300 I deposited. This is the real scam!
I saw an advertisement for this company online and they immediately struck me as a very decent company. I regret now that I got in touch with them - they are very skillful psychologists who charmed me during phone conversations, I was already waiting for their calls... however, when I started the practical part of trading and stopped listening to empty promises, I saw that MDBMARKETS turned out to be simple thieves without conscience! They have been making excuses for almost a month to not withdraw my $17,000. PLEASE BE CAREFUL - THIS COMPANY IS A SCAM. I have all the evidence to prove it, such as my closed position statements, bank statements and email correspondence. I do not wish anyone to repeat my mistakes and try to trade with scammers...
I worked only for a deposit! When I wanted to withdraw 780$, the broker refused to withdraw it! They worked quickly on the input of money, but when it came to withdrawal, the process of payments stopped, the manager immediately found a bunch of excuses and in the end, I never saw the money I earned from them!
My trading strategy is based on data analysis and this intermediary provides me with comprehensive analytics and accurate forecasts. The in-depth market analysis and intuitive charts at mdbmarkets.com have helped me make some very profitable trades. Recently, thanks to their GBP/JPY forecast, I made 2,700 dollars in one trade! I have always been looking for aggressive trading opportunities and I have found on this platform exactly what I need. The ultra-fast trade executions and high level of leverage allow me to make the most of market fluctuations. Today I made a big bet on EUR/ETH, and thanks to the broker's accurate market analysis, I made over 800 USD in just a few hours. It was incredible! This platform is a real boon for anyone who is serious about Forex trading. I will note that I sometimes lack the range of new cryptocurrencies and have to use the services of other companies.