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MadaFX Review
MadaFX was a small forex broker linked to the old FX Solutions trading system. Its website no longer loads, and reports say it has suspended its forex service.
Min Deposit
$5000
Spreads From
Not applicable, MadaFX appears closed
Max Leverage
Not applicable, MadaFX appears closed (old site said up to 400:1)
Platforms
FX Solutions Global Trading System (GTS)
Pros
- Gave clients access to a real institutional style trading system
- Offered demo accounts with no time limit for new traders
- Provided support by phone, email, and online contact forms
- Published clear leverage and lot size terms on its old site
Cons
- MadaFX website no longer loads for visitors today
- Independent reports say it suspended its forex service
- Claimed NFA and CFTC oversight could not be confirmed on the register
- Asked for a high 5000 dollar minimum deposit for a standard account
- Very little recent, independent coverage exists for this broker
MadaFX described itself as a USA incorporated broker with a head office in London. It gave clients access to the Global Trading System built by FX Solutions, an older liquidity provider that stopped operating under that name years ago. The MadaFX website no longer opens, and independent reports say the firm suspended its forex service.
MadaFX said it was an NFA member firm regulated by the CFTC, with client money held at JPMorgan Chase Bank. This membership could not be confirmed on the NFA's own public register, so treat it as unverified. Its old site listed a minimum deposit of 5000 dollars, high for retail forex, plus leverage up to 400 to 1.
There is very little independent, recent coverage of MadaFX, itself a warning sign for a broker that once asked for a 5000 dollar minimum deposit. Anyone who finds the MadaFX name in use today should confirm it is the same company and check for a real, current license first.
Min. Deposit
USD 5000
Max Leverage
Not applicable, MadaFX appears closed (old site said up to 400:1)
Spreads From
Not applicable, MadaFX appears closed
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
