No Regulation

Score

0 1 2 3 4 5 6 7 8 9

/10

MDAG

New Zealand | 5-10 years |

Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.mdagfx.com

Website

Time Machine

Rating Index

Contact

http://www.mdagfx.com

Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!

2026-04-13

This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

New Zealand

Operating Period

5-10 years

Company Name

MDAG

Company Website

http://www.mdagfx.com

Verified Site

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Wiki Q&A

Comment

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Details

Official Website

Verified Site

mdagfx.com
156.255.2.196
Server Location
Hong Kong
ICP Registration No.
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Top Visitor Locations
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Creation Date
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MDAG

Related Companies

MDAG(France)

Inactive

France

Registration No.819339664

Est. Date2019-06-26

SourceWebsite Announcement

Review summary

MDAG is a broker that has been operating for between 5 and 10 years and is registered in New Zealand. According to WikiFX data, the entity is not currently regulated by any authoritative financial supervisory body that grants forex trading licenses. The WikiFX score for MDAG is 1.56, indicating a profile that lacks credible oversight. The entity's declared business scope has been flagged for review, and specific trading metrics such as account minimums, leverage offerings, and platform availability are not publicly disclosed. In summary, prospective traders should be aware that this is an unregulated entity, which presents inherent risks concerning client fund security and operational transparency. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-07)

Company Profile

5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Wiki Q&A

Is MDAG safe and reliable?

Based on its WikiFX score of 1.56 and its regulatory status, MDAG does not exhibit the characteristics of a safe or reliable broker. The entity is not regulated by any recognized financial authority. The absence of credible oversight presents a significant risk to client funds and operational transparency.

In a week

United States

Is MDAG regulated?

No, MDAG is not regulated. According to WikiFX data, the entity does not hold any valid forex trading licenses from authoritative financial supervisory bodies. It is registered in New Zealand but lacks the necessary regulation from entities like the Financial Markets Authority (FMA) to legally offer forex trading services.

In a week

United States

What is the minimum deposit of MDAG?

The minimum deposit requirement for MDAG is not publicly disclosed. This lack of clear account opening criteria is common with unregulated entities and adds to the overall opacity of their service offering.

In a week

United States

Does MDAG support MT4 or MT5?

Information regarding the specific trading platforms supported by MDAG, including MetaTrader 4 or 5, is not publicly disclosed. The platform used by a broker is a key component of the trading experience, and its absence from public materials is a notable omission.

In a week

United States

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