Madexu Trade MT5 claims to be headquartered in the UK. It conducts CFD trading in Forex, stocks, indices, commodities, Bitcoin, metals and energy. It has direct branches in the United States, Canada and Australia, and is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Japan Financial Services Agency (Japan FSA), and the Central Bank of Ireland (CBI). 

We have verified that Made Trade MT5 is unauthorized by the UK FCA, and has been listed with a warning.

Our search for this company in the other regulators' registries didn't yield any results. This means that it is using false information to deceive unsuspecting investors. 

In addition, Madexu Trade MT5 also claims to have an NFA ID of 0555592. We did find matching records on National Futures Association (NFA) website but data shows that ELEMENT TRADE LTD is not an NFA-member and thus not subject to this regulator's oversight. We have discovered that there are multiple scam brokers claiming to have NFA licenses with the ID 0555592.In essence, Madexu Trade MT5 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

It is unequivocally a scam.

On 19 February 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Madexu Trade MT5, believing this company might be providing financial services or products  without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/madexu-trade-mt5.

BrokersView found that the domain "https://madexulan.com/index2.html" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.