MudrexMarkets has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mudrexmarkets.com.
Do not believe the bonus offer from MudrexMarkets. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after my brother mentioned them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Easy withdrawals|Clean UI|Fast execution|Social trading features
Cons: No phone support on weekends|No live chat on mobile
MudrexMarkets 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: Good analytical tools|Fast support response|Personal attention|Multiple order types
Cons: Spreads widen during volatile periods
Tried to withdraw my funds from MudrexMarkets and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
After seeing ads for MudrexMarkets online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I signed up with MudrexMarkets through a financial advisor and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Educational resources|Copy trading available
Cons: Onboarding videos are outdated
MudrexMarkets had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multi-currency support|Educational resources|High security standards
Cons: Website design could be more modern|Alert system is basic
My withdrawal request from MudrexMarkets has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Good analytical tools|Regular platform improvements
Cons: Limited ETF selection|Slow to add new assets
The platform at MudrexMarkets is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Fast support response|Social trading features|Multi-currency support
Cons: No phone support on weekends
Do not use MudrexMarkets for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Comprehensive tools|Multiple order types|Economic calendar|Social trading features
Cons: Minor UI glitches occasionally|Spreads widen during volatile periods
The mobile app from MudrexMarkets is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Easy to use platform|Social trading features|Good mobile app
Cons: Inactivity fee applies after 12 months