Molpux is a broker offering CFD trading services. Its official website domain, molpux.com, was registered on December 26, 2022. The platform claims to provide investors with CFD trading services covering various financial products including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Company Services
Account Opening
The process of opening an account with Molpux is as follows:
- Visit molpux.com and click "GET STARTED" or the "SIGNUP" button at the top right to enter the account opening page.
- Fill in your name, email address, and set a password in the registration form. Submit to complete the account creation.
- After logging in, users need to complete KYC verification before they can start trading.
Investment Plans
Molpux offers four investment plans: Basic, Silver, Premium, and VIP. Each plan has different investment amounts and expected returns (ROI):
- Basic
- Investment amount: $1,000 - $10,000
- Expected return: 15.2% within 24 hours
- Allows copying of junior traders' strategies
- Silver
- Investment amount: $10,000 - $50,000
- Expected return: up to 18.5% within 24 hours
- Allows copying of professional traders' strategies
- Premium
- Investment amount: $50,000 - $150,000
- Expected return: up to 25.5% within 24 hours
- Supports copying of expert traders' strategies
- VIP
- Investment amount: from $150,000
- Expected return: up to 35.2% within 24 hours
- Allows copying of expert traders' strategies
Tip: Traderknows reminds investors that obtaining excessively high returns in the short term does not conform to the regular operations of financial markets. Market conditions change rapidly, and consistent high returns cannot be guaranteed.
Trading Platform
Molpux claims to provide users with various self-developed trading software, including WebTrader, MolpuxTrade, MOLPUXSocial, MolpuxOptions, and the MetaTrader 4/5 platforms.
However, users can only trade through the web-based programs on the official website, and no download links for any trading software are provided on the broker's website.
Additionally, there is no information about Molpux listed on the MetaTrader 4/5 platforms.
Deposit and Withdrawal Methods
Molpux supports user deposits through cryptocurrencies. Withdrawal methods include e-wallets, cryptocurrencies, credit/debit cards, and bank wire transfers.
Contact Information and Social Media
Molpux has accounts on social media platforms such as Facebook, Instagram, and Twitter. Investors can also contact the broker through phone, email, Telegram, and the online form on the official website for customer service support.
Company Background and Regulation
Company Background
Molpux claims to have been established in 2009 and is headquartered in the UK. It is an STP and ECN broker regulated in multiple jurisdictions worldwide. According to its official website, the registration and regulation details in different jurisdictions are as follows:
- Molpux (SC) Ltd.: Registered in Seychelles, registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
- Molpux B.V.: Registered in Curaçao, registration number 148698(0), regulated by the Central Bank of Curaçao and Sint Maarten (CBCS), license number 0003LSI.
- Molpux (VG) Ltd.: Registered in the British Virgin Islands, registration number 2032226, investment business license number SIBA/L/20/1133, regulated by the Financial Services Commission (FSC) of the British Virgin Islands.
- Molpux ZA (PTY) Ltd.: Registered in South Africa, registration number 2020/234138/07, authorized by the Financial Sector Conduct Authority (FSCA) of South Africa, financial service provider number 51024.
Additionally, Molpux claims to have an entity in Australia with the registration number 2018AD947.
Regulatory Review
Upon investigation, no company with the registration number 2018AD947 was found in the Australian Business Register (ABR). Furthermore, the regulatory information listed on the Molpux official website actually belongs to another broker, "Exness". Molpux is suspected of copying regulatory information from others to mislead investors.
Further investigation revealed other brokerage websites with content and design almost identical to Molpux’s, such as: Livo Fx Trade, Zenith FinancialGroup Market, and Golden Pawn Trades Market.
Conclusion
Traderknows reminds investors that Molpux neither has a legitimate company registration nor any valid regulation. Additionally, it has been noted for copying regulatory information from other legitimate brokers. Investors should prioritize regulated and transparent institutions when selecting a trading platform to avoid potential financial losses and investment risks.
