WikiFX

Reply

Speaking from my experience as an independent trader, I prioritize security and regulatory clarity before making any deposits with a broker, especially when considering less conventional funding methods like cryptocurrencies. In the case of Mad Gain, the broker states it is based in the United States and claims FinCEN regulation; however, the information available raises red flags for me. The business is relatively new, with only 1-2 years of operation, and WikiFX flags it for “suspicious scope of business” and a “medium potential risk.” This is particularly concerning given the sensitive nature of handling funds via cryptocurrencies, which are irreversible and largely untraceable compared to traditional banking options. I have not found any explicit details about Mad Gain supporting deposits via Bitcoin, USDT, or other cryptocurrencies from the provided context. Given this lack of clear information, I’d treat such deposit methods with extreme caution here. Regulatory oversight and transparent funding channels are especially crucial when dealing with crypto, as accountability can be limited. For me, unless the broker offers well-documented, verifiable procedures for crypto deposits—ideally with proper guidance and support—I would not recommend proceeding. The risks, in my view, outweigh the potential convenience. Always ensure clarity and regulatory transparency before entrusting funds, especially through cryptocurrencies.