MainTrade Review : Fees, Pros and Cons, Reviews by Real Traders

MainTrade

Operating status: SCAM

Website: https://maintrade.co/

Broker violations and abnormal records

Nov 17, 2022 BrokersView has Reviewed that MainTrade is an Unregulated Forex Broker
MainTrade claims a successful global online broker while presenting no details about its regulations. Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, MainTrade shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results for this broker in FCA.
The truth is, MainTrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

MainTrade claims a successful global online broker while presenting no details about its regulations. Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, MainTrade shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results for this broker in FCA. The truth is, MainTrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Jan 12, 2023 The German BaFin Added MainTrade into Its Warnings
On 13 Jan 2023, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that MainTrade does not have authorization under the KWG to conduct banking business or provide financial services and the company is not supervised by BaFin. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_01_10_MainTrade_en.html;jsessionid=83B519F90C3D7FF98BECC09CEA961574.1_cid502

On 13 Jan 2023, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that MainTrade does not have authorization under the KWG to conduct banking business or provide financial services and the company is not supervised by BaFin. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_01_10_MainTrade_en.html;jsessionid=83B519F90C3D7FF98BECC09CEA961574.1_cid502
Dec 04, 2025 BrokersView has identified that MainTrade's website is currently offline
BrokersView found that the domain "https://maintrade.co/" 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.

BrokersView found that the domain "https://maintrade.co/" 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.

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