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 contained in this article is for general information purposes only.
General Information
What is Madden Markets Limited？
US Universal Financial Group, referred to as “Madden”, founded in 2010 in the United States. It specializes in spot precious metals trading through the MetaTrader4 trading platform. However, it is not regulated by any reputable financial regulator.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Madden Markets Limited Alternative Brokers
There are many alternative brokers to Madden Markets Limited depending on the specific needs and preferences of the trader. Some popular options include:
Axi: a global online brokerage known for providing a wide range of trading instruments, advanced technology, and competitive pricing to traders worldwide.
IronFX: a leading forex and CFD broker offering a diverse range of trading products, multiple account types, and innovative trading platforms to cater to the needs of both beginner and experienced traders.
BlackBull Markets: a New Zealand-based forex and CFD broker that is known for its institutional-grade liquidity, transparent trading environment, and personalized customer service.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Madden Markets Limited Safe or Scam？
Madden Markets Limited currently has no valid regulation. Their United States National Futures Association (NFA, No. 0308808) license is unauthorized.
There are a number of red flags that suggest that Madden Markets Limited may be a scam. These include:
Not regulated by any reputable financial regulator.
Website is poorly designed and contains grammatical errors.
High leverage offered, which can be risky for traders.
Customer support is difficult to reach.
I would not recommend trading with Madden Markets Limited. There is a high risk that you will lose money if you do. If you are looking for a forex broker, I recommend that you choose one that is regulated by a reputable financial regulator.
Market Instruments
Madden Markets Limited offers spot precious metals, including London spot gold, London spot silver, and RMB kilo gold. Spot precious metals are traded on the spot market, which means that they are bought and sold for immediate delivery.
Leverage
Madden Markets Limited offers a maximum leverage of 1:500. This means that you can control a position worth $500,000 with a $100 deposit. Note that leverage is a risky tool and should only be used by experienced traders. If you are new to trading, it is best to start with a lower level of leverage.
Here are some tips for using leverage safely:
Only use leverage that you are comfortable with.
Set stop-losses to limit your losses.
Don't trade with more money than you can afford to lose.
Trading Platforms
Madden Markets Limited offers MT4 for PC, Android and iOS. MT4 is a popular trading platform that is used by millions of traders around the world. It offers a wide range of features and tools, including charting, technical analysis, and automated trading. Madden Markets Limited also offers mobile trading platforms for Android and iOS devices. These platforms allow traders to trade on the go. These platforms offer traders the flexibility to trade on different devices and to access the markets from anywhere in the world.
Overall, Madden Markets Limiteds trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
See the trading platform comparison table below:
It is important to note that not all of these platforms are available in all jurisdictions. You should check with the broker to see which platforms are available in your region.
Ultimately, the best trading platform for you will depend on your individual needs and preferences. If you are looking for a popular and feature-rich platform, then MT4 or MT5 may be a good option. If you are looking for a platform with advanced features, then cTrader may be a better choice.
Customer Service
With a 24/5 availability, customers can reach out to Madden Markets Limited for assistance via email at info@madsfx.com. The email channel provides a convenient and efficient way to communicate inquiries, concerns, or feedback.
Additionally, Madden Markets Limited provides an FAQ section on their website, which likely contains answers to commonly asked questions. This resource allows customers to find information independently, saving time and providing immediate solutions to common queries.
Note: These pros and cons are subjective and may vary depending on the individual's experience with Madden Markets Limited's customer service.
Conclusion
Based on the information you have provided, I would not recommend trading with Madden Markets Limited. There are a number of red flags that suggest that it may be a scam, including the lack of regulation and the poor quality of the website. If you think you may have been scammed by Madden Markets Limited, you should contact your bank or credit card company to file a dispute. You should also report the scam to the authorities.
Frequently Asked Questions (FAQs)
