Tender Trader Scam Warning: FCA Alert on MDXT Systems

Tender Trader is a platform that offers forex, commodity, index, stock and crypto CFD trading under the name "MDXT Systems LTD" at tendertrader.com. The UK financial regulator FCA published a warning on 13 November 2026 that the firm is offering financial services without authorisation.

🔍 FCA Entry, Address and Company Details

• Official warning: FCA warning entry (13.11.2026); the firm is unauthorised and may be targeting people in the United Kingdom.
• Address: Adjetey Kwami Avenue, Agbogba, Accra (Ghana).
• Company claim: The site shows only a company number in the form "CS212850925"; no licence or regulator is named.
• Size claim: The site claims to manage more than USD 3.8 billion in assets and to serve more than 40 countries; these figures have not been verified.
• Domain name: tendertrader.com was registered in March 2022.

🚩 The PAMM and Copy Trading Scheme

Besides account types such as "Balance Guard", "Cent", "Global" and "Pro", the platform offers a managed account called "MDXT Systems PAMM", social copy trading and an introducing broker (IB) programme. In this model the investor does not make the trades; the money is linked to a "manager" account. In operations of this kind, the managed account shows profit at first, and after a large investment the balance is eroded through high leverage or the withdrawal request is left without result.

🔗 Other Platforms Using the Same Method

The following platforms, which say they manage investors' money through PAMM or copy trading promises, use the same model:

🧭 The Legal Position and Process

An unlicensed operation with a Ghana address offering CFDs to persons in Türkiye is assessed as unauthorised capital markets activity under Article 109 of Capital Markets Law No. 6362; even if a licence had been shown, a foreign licence is not valid for investment services in Türkiye. An institution's authorisation can be checked in the SPK list of authorised institutions. The effect of a foreign jurisdiction clause in the account contract is covered in the article on arbitration in disputes with foreign brokers, and tracing the money in the article on asset investigationTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions