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Aden Markets DOO

United Kingdom|Within 1 year|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.adtradeforex.com/index.html

Website

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Contact

support@adtradeforex.com
https://www.adtradeforex.com/index.html
Warning: Low score, please stay away! 7
Previous Detection : 2024-02-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 504072) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Pyramid scheme complaint
Expose
Unable to withdraw

Unable to withdraw funds. Manager Lin, the broker in Taiwan, asked me to pay a deposit, but I complained. He said he could withdraw the money if I dropped the complaint. But now I still can’t withdraw money, it’s a scam.

Manager Lin, Taiwan Service Provider of AdenMarkets Doo: Withdrawal of the dividends will be made on December 7th. The withdrawal was refused on December 8 because the capital account was frozen. It’s Suspected of money laundering. First, the corresponding deposit can be withdrawn immediately. Second, you can withdraw cash after the supervisory bureau investigates and confirms that there is no money laundering in the account (about 1-3 months). On December 20, AdenMarkets Doo Manager Lin said that cash withdrawals could be made and the capital account confirmed that there was no money laundering involved. He also said I need to pay a deposit of 15%, then I can withdraw. I don’t understand why I need to pay a deposit before withdrawing money even if my account is restored. Then I didn’t pay the deposit. Just in the past two days, Manager Lin came to me again and asked me to withdraw the complaint so that I could withdraw the money. I followed what he said and withdrew the complaint. On January 7, 2024, I did what he said, and he said that the funds could be credited to my account before noon on Tuesday at the latest. Yesterday, I was asked to send emails to three mailboxes respectively, saying that the problem had been solved. And then he told me that the account would be credited today, January 9th. As a result, I sent a message to Manager Lin today but received no response. The withdrawal issue has not been resolved. I was defrauded of NT$3.2 million, causing me to be pursued by underground banks!

HUAGEJUANJUAN⭕️
2024-01-09 21:34

Aden Markets DOO · Company Summary

Aspect Information
Registered Country/Area United Kingdom
Founded Year Not specified
Company Name Aden Markets DOO
Regulation Regulated by the National Futures Association (NFA)
Minimum Deposit Not specified
Maximum Leverage Up to 1:500
Spreads Information not clear, contact customer support for details
Trading Platforms MetaTrader 5 (MT5)
Tradable Assets Stocks, Futures, Crude Oil, Gold, Bitcoin, Currencies, and more
Account Types - Comprehensive Account - Finance Account - Financial STP Account
Customer Support Email support at support@adtradeforex.com (Limited contact options)
Payment Methods Information not provided
Educational Tools Lack of educational resources (tutorials, webinars, articles)

Overview

Aden Markets DOO is a United Kingdom-based broker regulated by the National Futures Association (NFA), offering trading services with a maximum leverage of up to 1:500. They provide access to a variety of trading instruments, including stocks, futures, crude oil, gold, Bitcoin, and currencies, catering to diverse investment preferences. The broker offers multiple account types, such as the Comprehensive Account, Finance Account, and Financial STP Account, designed to accommodate traders with varying levels of experience and preferences. However, important details such as minimum deposits, spreads, demo accounts, payment methods, and educational resources are not clearly specified, requiring potential clients to reach out to their limited customer support for more information. Overall, Aden Markets DOO's offerings appear to provide options for traders, but the lack of transparency in certain areas may pose challenges for informed decision-making.

basic-info

Regulation

Aden Markets DOO being regulated by the National Futures Association (NFA) is a significant assurance of its credibility and adherence to stringent financial industry standards. The NFA is a well-respected regulatory body in the United States, primarily responsible for overseeing and regulating the activities of firms engaged in futures and derivatives trading. This regulation ensures that Aden Markets DOO operates transparently, maintains adequate financial resources, and follows strict compliance protocols, ultimately providing a higher level of protection and trust for its clients in the financial markets. Clients can have confidence in the integrity and reliability of Aden Markets DOO due to its NFA regulation.

regulation

Pros and Cons

Aden Markets DOO, while regulated by the National Futures Association (NFA), offers a diverse range of market instruments and multiple account types to cater to different traders. The maximum trading leverage of 1:500 can be both an advantage and a risk, depending on a trader's risk tolerance and strategy. However, there are notable drawbacks, including the lack of clarity on spreads, commissions, deposit/withdrawal methods, and limited customer support options. The absence of educational resources further limits its appeal to traders seeking learning materials.

Pros Cons
- Regulated by the NFA for credibility - Lack of clarity on spreads and commissions
- Diverse range of market instruments - Limited information on deposit/withdrawal methods
- Multiple account types for varied preferences - Limited customer support options (only email)
- High maximum trading leverage (1:500) - Scarce educational resources, hindering trader growth
- Access to the popular MetaTrader 5 platform

In summary, Aden Markets DOO offers a variety of trading options and is regulated by the NFA, enhancing its credibility. However, it falls short in terms of transparency, customer support options, and educational resources, which may impact the overall trading experience for users. Traders should carefully consider their priorities and risk tolerance when choosing this broker.

Market Instruments

Aden Markets DOO offers a diverse range of market instruments, catering to various investment preferences and strategies. These market instruments include:

  1. Stocks: Aden Markets DOO likely provides access to equity markets, allowing traders and investors to buy and sell shares of publicly traded companies.

  2. Futures: Futures contracts enable traders to speculate on the future price of commodities, indices, or financial instruments, making them a crucial instrument for hedging and speculation.

  3. Crude Oil: Trading crude oil allows market participants to take positions on the price movements of this vital commodity, which is a key component of global energy markets.

  4. Gold: Gold is a popular commodity for trading and investment, often seen as a safe-haven asset. Aden Markets DOO likely offers opportunities to trade gold futures or spot gold prices.

  5. Bitcoin: Aden Markets DOO may provide access to the cryptocurrency market, allowing traders to buy and sell Bitcoin, which is the leading digital currency.

  6. Currencies: The foreign exchange (Forex) market is one of the largest financial markets globally. Aden Markets DOO likely offers currency pairs for trading, allowing participants to speculate on the exchange rates between different currencies.

  7. Etc. (and more): This catch-all term suggests that Aden Markets DOO may offer a wide variety of other financial instruments and assets, such as indices, commodities (excluding crude oil and gold), bonds, and more, depending on their specific offerings.

These market instruments cater to traders and investors with different risk profiles and investment objectives, providing a comprehensive range of options for diversification and profit potential within the financial markets. However, it's important for individuals to conduct thorough research and understand the risks associated with each instrument before engaging in trading or investment activities.

products-services

Account Types

Aden Markets DOO offers a variety of account types to cater to the diverse needs of traders and investors. Here's a description of their account types based on the provided information:

Comprehensive Account:

    1. This account type provides traders with the flexibility to access a wide range of financial instruments, including CFD contracts.

    2. It features a proprietary composite index that mimics real market movements, allowing traders to engage in CFD trading around the clock.

    3. The Comprehensive Account is suitable for those who seek a broad spectrum of trading options and market exposure.

    Finance Account:

    1. The Finance Account is designed for traders interested in forex, commodities, and cryptocurrencies.

    2. It offers the ability to trade standard and microtransactions, accommodating both experienced traders and those looking to start with smaller positions.

    3. This account type provides access to high leverage, allowing traders to potentially amplify their market exposure and profits.

    Financial STP Account:

    1. The Financial STP Account is tailored for traders who want to focus on forex trading.

    2. It allows traders to engage in major and minor currency pair trading.

    3. Additionally, this account type highlights markets with smaller spreads, providing opportunities for cost-efficient trading.

These account types demonstrate Aden Markets DOO's commitment to providing a flexible and comprehensive trading environment that caters to traders with various levels of experience and preferences. Traders can choose the account type that aligns with their specific trading goals and risk tolerance, whether they are interested in a diverse range of assets, high leverage, or specific currency pairs with favorable spreads.

account-types

Leverage

The broker offers a maximum trading leverage of 1:500. This means that for every $1 of capital in a trader's account, they can control a position worth up to $500 in the market. High leverage like this can amplify both potential profits and potential losses, so traders should exercise caution and have a solid risk management strategy in place when using such high levels of leverage. While high leverage can magnify gains, it also increases the risk of significant losses, making it important for traders to fully understand the implications and risks associated with trading at this level of leverage.

leverage

Spreads and Commissions

This broker's website lacks clarity regarding spreads and commissions, frustrating traders who seek to assess trading costs. Although they claim that this information can be found via a link, the link is unresponsive or leads to an error page. To gain insight into these crucial financial details, it is advisable to initiate direct contact with the broker's customer support or sales department. Request a comprehensive breakdown of spreads, commissions, and any associated fees, ensuring transparency in trading costs. Additionally, remember to compare these costs with those of other brokers to make informed decisions regarding your trading activities.

spreads-commissions

Deposit & Withdrawal

The broker's website lacks information regarding deposit and withdrawal methods, leaving potential clients in the dark about how to fund their trading accounts or retrieve their funds. This absence of critical financial details can be frustrating and may deter prospective traders from engaging with the platform. To address this issue, individuals interested in trading with this broker should contact their customer support or sales team directly for clarification on available deposit and withdrawal options. Having a clear understanding of these processes is essential for potential clients to make informed decisions and trust the broker's services.

Trading Platforms

Aden Markets DOO offers traders access to the MetaTrader 5 (MT5) trading platform, a versatile and advanced tool widely utilized in the financial industry. MT5 boasts an array of features, including real-time charting, customizable indicators, and an intuitive interface, facilitating seamless trading across various asset classes such as forex, commodities, stocks, and cryptocurrencies. With support for automated trading through expert advisors (EAs) and robust algorithmic trading capabilities, MT5 empowers traders to execute strategies efficiently. This platform's multi-currency and multi-timeframe support, coupled with diverse order types, provides traders with a comprehensive solution for executing trades, conducting in-depth market analysis, and effectively managing their portfolios.

trading-platform

Customer Support

Aden Markets DOO's customer support leaves much to be desired. The only contact method provided is an email address (support@adtradeforex.com), which can result in frustratingly slow response times and limited avenues for communication, especially in urgent situations. The absence of more immediate contact options like phone support or live chat hinders traders' ability to seek timely assistance.

Moreover, the information available about their customer support is remarkably scarce, leaving potential clients with unanswered questions and uncertainties regarding the level of support they can expect. This lack of transparency and limited accessibility in customer service may discourage traders who require efficient and accessible assistance, ultimately detracting from the overall user experience.

customer-support

Educational Resources

Aden Markets DOO's lack of educational resources is a significant drawback for traders looking to enhance their knowledge and skills in the financial markets. Without access to educational materials, such as tutorials, webinars, or educational articles, traders may find it challenging to make informed decisions and develop effective trading strategies. This deficiency in educational support can hinder traders' ability to succeed and grow in the complex world of online trading, ultimately limiting the value provided by the broker.

Summary

Aden Markets DOO is a broker regulated by the National Futures Association (NFA), which adds credibility and adherence to financial industry standards. They offer a diverse range of market instruments, including stocks, futures, crude oil, gold, Bitcoin, and currencies, catering to various investment preferences. The broker provides different account types, from comprehensive to financial STP, to accommodate a wide range of traders. They offer a maximum trading leverage of 1:500, which can amplify both profits and losses. However, the website lacks clear information on spreads, commissions, and deposit/withdrawal methods, which may require direct contact with customer support. The broker uses the MetaTrader 5 (MT5) platform for trading, and although customer support is limited to email, the broker's website lacks educational resources, which could be a drawback for traders seeking learning materials.

FAQs

Q: How can I contact Aden Markets DOO's customer support?

A: You can reach Aden Markets DOO's customer support by emailing them at support@adtradeforex.com. However, please note that their contact options are limited to email.

Q: Does Aden Markets DOO provide educational resources for traders?

A: Unfortunately, Aden Markets DOO does not offer educational resources, such as tutorials or webinars, for traders looking to enhance their knowledge and skills.

Q: What is the maximum trading leverage offered by Aden Markets DOO?

A: Aden Markets DOO offers a maximum trading leverage of 1:500, allowing traders to control larger positions relative to their capital.

Q: Can I access the MetaTrader 5 (MT5) platform for trading with Aden Markets DOO?

A: Yes, Aden Markets DOO offers access to the MetaTrader 5 (MT5) trading platform, a versatile tool widely used in the financial industry.

Q: Is Aden Markets DOO regulated, and by which authority?

A: Yes, Aden Markets DOO is regulated by the National Futures Association (NFA), a respected regulatory body primarily responsible for overseeing and regulating firms engaged in futures and derivatives trading in the United States. This regulation enhances credibility and adherence to financial industry standards.

Broker Information

Company Name

Aden Markets DOO

Company Abbreviation

Aden Markets DOO

Regulatory Status

Suspicious Clone

Platform registered country and region

United Kingdom

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

  • The first type of financial commodity dealer

  • Investment Advisors and Agents

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Customer Service Email Address
  • support@adtradeforex.com

Company Summary

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