Global Broker Regulation & Inquiry App




United States|5-10 years|
Suspicious Scope of Business|High potential risk|


Rating Index


01 0100 843


No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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MDFX · Company Summary

Aspect Information
Company Name MDFX
Registered Country/Area United States
Founded year 2016
Regulation Not regulated
Minimum Deposit N/A
Maximum Leverage N/A
Customer Support Email( Phone:01 0100 843

What is MDFX?

MDFX, operating from the United States, lacks regulation, raising issues about transparency and adherence to industry standards. Their official website is inaccessible trigger worries about the reliability of their trading platform. Clients can contact them via email (

What is MDFX?

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Lack of Regulation
  • Website Inaccessibility
  • No reliable trading software
  • Pros:

- N/A


- Lack of Regulation: Magnum operates without regulatory oversight, potentially exposing users to risks associated with unregulated trading platforms.

- Website Inaccessibility: Users have reported difficulties accessing Magnum's website, which could hinder their ability to trade and access account information.

- No reliable trading software: Magnum lacks reliable trading software, potentially impacting users' ability to execute trades efficiently and effectively. This limitation may lead to frustrations and challenges in managing investments.

Is MDFX Safe or a Scam?

MDFX operates without regulatory oversight, prompting worries regarding transparency and adherence to industry standards. In an industry where trust and reliability are paramount, the absence of regulation and comprehensive information may deter potential users from engaging with the platform.

Customer Service

MDFX offers customer support through various channels, including email and phone. Users can reach out to the platform's customer service team via email at for assistance with inquiries, account-related issues, or general support. Additionally, users can contact the company directly by phone at 01 0100 843 to speak with a representative and receive real-time assistance. These communication channels provide accessibility and convenience for users seeking prompt resolution to their queries, enhancing the overall customer experience on the MDFX platform.


In conclusion, there are significant issues about MDFX legitimacy and reliability. The inaccessibility of their official website is a red flag and raises doubts about the trustworthiness of their trading platform. This lack of accessibility indicates a higher level of risk associated with investing with MDFX.

Also, there is a lack of information regarding the market instruments offered by MDFX, the availability of account, leverage options, spread, trading platforms, minimum deposit requirements, and other key details. Considering these factors, it is advisable to exercise caution when dealing with MDFX as a broker.

Frequently Asked Questions (FAQs)

Q1: Is MDFX regulated by any financial authority?

A1: No, MDFX does not have valid regulation at present.

Q2: How can I contact the customer support team at MDFX?

A2: You can reach the customer support team at MDFX via email:

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Social Trader Group Limited.

Company Abbreviation


Regulatory Status

No Regulation

Platform registered country and region

United States

Phone of the company
  • 01 0100 843





Company address










Customer Service Email Address

Company Summary

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