MALDO FX Review – Source Of Financial Malady And Misfortune
With their young, prospective and dynamic team, the MALDO FX scam promises to bring you nothing but the exact Forex success you’ve always aimed for. High speed services, rich account types, free training and free signals are just some of the carefully constructed lies you’ll be greeted with.
All of these seemingly premium services are provided by an unknown entity that doesn’t exist anywhere. Not in the records where they claim to be a part of, not anywhere else. Our MALDO FX review gets to the bottom of the deal and brings you a detailed insight into the real state of things.
|Regulated by:||Unregulated Forex Broker|
|Is This Company Safe?||Unlicensed service providers are most probably a scam!|
|Have Warnings from:||N/A|
|Registered in:||SVG (alleged)|
|Deposit Bonus:||Not available|
|Trading Assets:||Forex, Commodities, Indices, Metals, Crypto, Stocks|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Withdrawals are uncertain with this one – contact our legal support for help!|
Is MALDO FX Legal?
It isn’t hard to find enough proof to confirm the doubts about this suspicious business. MALDO FX LLC is allegedly the owning firm behind the website, with a SVG registration number 2259. Our search of the SVGFSA database shows no such firm exists and this number isn’t associated with any registrants.
Our further investigation didn’t bear any more intel. After going through several databases of prominent regulators like FCA, BaFin, ASIC, CySEC and FINMA we didn’t find any details relating to a license.
This company is dangerous and doesn’t ensure the mandatory safety of funds, compensation plans or risk-reducing strategies. Forex48 is the same, so stay away from them as well.
Base For Operation
The financial swindler in question has first made their digital footprint in 2022. Since their first appearance, it seems their main focus is one region that includes these countries:
What especially serves as a prolific method in victim hunting are boiler room agents that lurk social networks. There’s an array of promises and false claims presented to their targets that are being pestered over the phone on a daily basis until they invest.
You can be sure that your investment is not going to result in an easy win, as the con artists promise. Better recover your deposit and invest it with a reliable partner. We can restore your funds quickly and efficiently.
Trading Conditions Kept Secret
Another major red flag we’d like to direct your attention to is the omittance of the crucial trading information. With this platform, any details about trading conditions and parameters are completely unrevealed.
Yet, the broker dealer keeps insisting on their excellence and amiable trading values. Sadly, there’s not a word about the real costs and trading circumstances your trades will be subject to.
The statement in the legal docs about not charging payout fees may sound reassuring, but should you believe an unlicensed service provider with such important matters?!
Deceptive Trading Tools
The untrustworthy site will easily hype you up with their ads about advanced software, top execution speed, variety of accounts and instruments.
It won’t take long before you learn about the actual state of the offer. Not only is the terminal dysfunctional, but the account types don’t exist and products available aren’t even specified!
Instead of actually providing the promised MT5, the file that you’re offered to download won’t be accepted by your browser because of safety issues!
If somehow you do manage to download the corrupted file, your antivirus will not let you install it. That is what it means to pay for unlicensed services. Reputable financial services agencies would never misuse their clients’ trust for illicit money gain or intentionally inflict damage.
Proprietary Mobile App
What came as a surprise is that the online trading business we’re reviewing has launched their own MALDO FX platform for mobile devices.
However, it’s only available for Android users. Apple devices can download Gama Trader, which cannot compete with industry leaders.
Without giving the concrete examples per each of the categories, the financial instruments you’re expected to believe are available are these:
- Forex (EUR/USD, USD/CHF, EUR/GBP)
- Commodities (Coffee, Soybean, Wheat)
- Metals (Silver, Gold, Platinum)
- Crypto (BTC, ETH, LTC)
- Stocks (Amazon, Google, Facebook)
- Indices (HK50, FR40, GE40, UK100)
Restricted Registration Services
We’ve already made it clear that the platform doesn’t offer any choice of accounts. Even the existing package doesn’t reveal its features. That’s not where the disappointment with the quality of the site ends.
You cannot even register for a MALDO FX account unless your application is first revised and approved. Apparently, the swindler prefers to handpick their victims.
Withdrawals Are A Pain
Except the claim that payouts aren’t followed by fees, another fishy detail is that withdrawals are processed during 7-10 business days. Because we couldn’t create a MALDO FX login for the client zone, we couldn’t verify which transaction methods are available. It wouldn’t be shocking if only crypto channels were accepted.
After all, dubious brokerage platforms prefer these to ensure their anonymity is intact. Refrain from performing monetary transfers this way and always choose more transparent and safe methods like credit cards that also allow chargebacks.
MALDO FX Support
Standard ways of reaching out to customer services are advertised on this site, as well. There phone numbers, emails and an online form you can use to communicate your ideas and issues.
Unfortunately, the replies are not guaranteed and other quicker methods like Online Chat and callback aren’t available. FCF Markets is a similarly functioning scheme that will not allow you to simply contact them as you please.
Notify Us In Case Of Scam
Whatever financial crisis or immense interest has led you into investing with fraudulent entities, you shouldn’t let them get away with your cash. No matter how impossible it seems at times, there’s still highly efficient ways to recover your funds.
To find out what you can do and to get proper legal help, you can book a free appointment via our online chat. Not only will you get back what is rightfully yours, but you will also help bring the criminals to justice and spare other traders the suffering. Let us help you make the Forex world a little safer and more pleasant for trading!
What Is MALDO FX?
This is a cyber criminal running a fraudulent website oriented at stealing investors’ deposits.
Is MALDO FX Legit Or Scam?
The agency is non-existent and completely fake. They do not own licenses and are evidently prone to scam.
How Does MALDO FX Work?
The site takes your deposits in exchange for unrealistic services. If you cannot take your investment back, you should consult our legal advisory service.