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.

The firm can block a user’s account temporarily or permanently if it considers his/her actions suspicious.

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.


What are the key facts about MDBMarkets?

The history of the company and the names of its managers are not disclosed, and it has nothing to do with the mentioned Seychelles and British companies. Registration and license documents are not available on the website. If we look at the project from a legal point of view, we will see that it is absent from the legal framework.

What's the risk to my wallet when working with this broker?

If you want to save your own money, you should not cooperate with this organization, which is not regulated by anyone and does not confirm the registration of a legal entity. Besides, you risk your capital when trading CFDs with high leverage. In addition, you will not be able to use chargeback in case of withdrawal of cryptocurrency funds through an exchange service.

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