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As someone who’s navigated the retail forex landscape for years, I’m always careful when assessing newer brokers like Mad Gain. From what I could gather, Mad Gain stands out for holding a FinCEN registration in the United States, though it’s important to recognize that this license primarily registers them as a financial service provider, not a traditional trading venue overseen by leading securities regulators. This immediately frames my expectations: I exercise greater caution because regulatory coverage appears limited, and the broker’s “suspicious scope of business” and “medium potential risk” warnings highlight the need for vigilance. Regarding trading instruments, I didn’t find comprehensive details on the specific products available through Mad Gain. Typically, established US-registered brokers will clearly outline forex pairs, CFDs, or other asset classes they offer, but this transparency seems lacking here. For me, a lack of direct information signals the need to independently confirm which instruments are available before depositing any funds. As for the fee structure, again, there is no concrete information publicly presented on spreads, commissions, or non-trading fees. In my experience, transparent brokers usually disclose all costs upfront, so this absence makes it challenging to compare costs accurately. For my own trading approach—where fee visibility and fair pricing are non-negotiable—I view this ambiguity as a significant drawback. In summary, while there may be an official registration on record, the limited clarity on both tradable instruments and fee schedules leads me to approach Mad Gain with significant caution.