MDB Markets (mdbmarkets.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61375032404
Addresses: One Canada Square Canary Wharf London E14 5AB This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mdbmarkets.com.
I had a dispute with MDB Markets (mdbmarkets.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Risk management tools|Social trading features|Dividend tracking|Clean UI
Cons: No fractional shares
I had high hopes for MDB Markets (mdbmarkets.com) from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Regular platform improvements|Copy trading available
Cons: Live chat only during business hours
MDB Markets (mdbmarkets.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Demo account available|Easy withdrawals|Clear documentation|Transparent fees
Cons: Onboarding videos are outdated|No crypto staking
I opened an account with MDB Markets (mdbmarkets.com) since last summer ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Social trading features|Wide product range
Cons: Search feature is basic
MDB Markets (mdbmarkets.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Copy trading available|Excellent charting|Dedicated account manager
Cons: Mobile app could be improved|Email notifications too frequent
I wanted to transfer my portfolio from another broker to MDB Markets (mdbmarkets.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Detailed reporting|Dedicated account manager|Segregated accounts
Cons: Website design could be more modern
KYC with MDB Markets (mdbmarkets.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Demo account available|Professional team
Cons: Could offer more webinars|Nothing significant
The only good thing about MDB Markets (mdbmarkets.com) is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Detailed reporting|Automated trading options|Clean UI|Professional team
Cons: Charting tools need more indicators|Limited social trading features
The spread at MDB Markets (mdbmarkets.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Clean UI|Helpful community forum|Low minimum deposit
Cons: Slow to add new assets|Minimum deposit could be lower
I found MDB Markets (mdbmarkets.com) after attending a webinar they hosted and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Portfolio tracking tools|Demo account available|Reliable uptime|Easy withdrawals
Cons: Desktop app not available on Linux|Search feature is basic