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0 1 2 3 4 5 6 7 8 9
/10

MaxFx

The Virgin Islands The Virgin Islands | 2-5 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.max-forex.com/

Website

Rating Index

Contact

+852 31100709
https://www.max-forex.com/
3th Floor Ellen Skelton Building 3076 Sir Francis Drake Highway Road Town, Tortola British Virgin Islands VG1110

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
The Virgin Islands
Operating Period
2-5 years
Company Name
MAX FOREX
Email
info@max-forex.com
Contact Number
+85231100709
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • max-forex.com
    34.102.136.180
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    WHOIS.VERISIGN-GRS.COM
    Company
    -

Company Profile

Company Profile

Review summary

MAX FOREXReview Summary
Founded2021
Registered Country/RegionCayman Islands
RegulationSuspicious Clone
Market InstrumentsForex, Commodities, Indices, Stocks, Cryptocurrencies
Demo AccountFree demo with $10,000 virtual funds
LeverageUp to 1:1000
SpreadAs low as 0.6 pip
Trading PlatformMetaTrader 5
Min Deposit$20
Customer SupportPhone: +852-31100709
Email: cs@max-forex.cominfo@max-forex.com
24/7 Online support
Physical Address: 3rd Floor Ellen Skelton Building, 3076 Sir Francis Drake Highway Road Town, Tortola, British Virgin Islands

MAX FOREX Information

MAX FOREX is a broker registered in the Cayman Islands, offering a variety of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. Traders can choose from 3 different account types, or a free demo account with $10,000 virtual funds. The broker provides leverage up to 1:1000 and supports the MetaTrader 5 platform for trading. The broker is regulated by ASIC and VFSC, and the minimum deposit requirement is $20. The company is based in the British Virgin Islands.

MAX FOREX Information

Pros and Cons

Pros Cons
Diversified trading productsCompany information in trading contract is different from the broker
High leverage
Demo account available

Is MAX FOREX Legit?

It is clear that MAX FOREX was registered in 2021, and its current status is Suspicious Clone, which is insecure.

Is MAX FOREX Legit?
Is MAX FOREX Legit?

What Can I Trade on MAX FOREX?

MAX FOREX offers traders the opportunity to trade forex, commodities, indices, stocks, cryptocurrencies.

The broker supports trading in 32 currency pairs, such as USD/CNY, AUD/CAD pairs; 11 types of commodities, such as coffee and cotton; 14 indices, such as Dow Jones 30, China 50, SP500; and some large listed company stocks, such as Apple, Amazon, etc.

Tradable InstrumentsSupported
Stocks
Forex
Funds
Bonds
Options
Futures
Derivatives
Structured Products
CFDS
Cryptocurrencies
Precious metals & Commodities
Indices
What Can I Trade on MAX FOREX?

Account Types

MAX FOREX offers a total of 3 different types of accounts to traders -ECN Account, Hight Leverage Account and Islamic Account. Among them, the leverage ratio of high leverage accounts can reach 1:1000, but the spreads of such accounts are also relatively high. Meanwhile, we can also note that Islamic accounts cannot earn or pay interest.

Account TypesECNHigh LeverageIslamic
Base CurrencyUSDUSDUSD
Leverage1:100 / 1:2001:10001:100 / 1:200
Minimum Deposit$50$50$50
Negative Balance Protection
Spread On All MajorsAs low as 0.6 pipAs low as 1.0 pipAs low as 0.6 pip
Commission
Overnight InterestCharge or payCharge or payNone
Max Lot For Per Order202020
Min Trade Volume0.010.010.01
Margin Closeout Level50%(weekday)100%(weekend, effective 30 minutes before close)5%(weekday)500%(weekend, effective 30 minutes before close)50%(weekday)100%(weekend, effective 30 minutes before close)
Max Size For Position100100100
Execution QualityExecuted in less than 1 secondExecuted in less than 1 secondExecuted in less than 1 second
Multilingual Customer Support
Free Regular Trading Strategy

MAX FOREX Fees

MAX FOREX claims that only Islamic account will be charged commission. All three account types have spreads, but high leverage accounts have the highest spreads. Another point is that Islamic accounts do not have overnight interest, but the other two types of accounts do.

Trading Platform

MAX FOREX's trading platform is MetaTrader 5, which supports traders on the web and mobile.

Trading PlatformSupported Available Devices Suitable for
MetaTrader 5Web, MobileBeginners and Experts
cTraderWeb, Mobile
Trading Platform

Deposit and Withdrawal

Investors are able to deposit through the methods including but not limited to the following options:

1. Online Banking Transfer - Fund will arrives within 10 minutes approximately;

2. Mastercard - Fund will arrives within 10 minutes approximately;

3. Mobile Banking Transfer - Fund will arrives within 10 minutes approximately;

4. Cryptocurrency Payment - Fund will arrives within 10 minutes approximately;

Note: Some of the above withdrawal methods are only applicable to designated countries or regions, and the specific time of arrival is subject to the processing speed of your bank.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Can MaxFx be considered a credible broker?

Based on WikiFX's comprehensive assessment, MaxFx presents a high-risk profile and lacks credibility as a mainstream broker. The firm, registered in The Virgin Islands (British), operates without any valid, verified licenses from major financial regulators. Its WikiFX Score of 1.42, alongside a regulatory index of 0.0, indicates a severe lack of authoritative oversight. Claims of operating under Australian AR appointments are unverified and do not constitute a forex trading license. Clients are exposed to significant risks with no formal safeguards for their funds.

04-02
United States

What regulatory licenses does MaxFx hold?

According to WikiFX data, MaxFx does not hold any recognized, active regulatory licenses for forex trading. The broker's status is explicitly classified as 'No Regulation'. It operates as an offshore entity registered in The Virgin Islands (British). While the broker has claimed appointments as an Authorised Representative (AR) under an Australian entity (TOP 1 MARKETS PTY LTD.), these are marked as 'Unverified' by regulatory data sources and do not provide a direct license for its own forex operations. Therefore, it operates without credible oversight.

04-02
United States

What is the official website of MaxFx?

Official contact details, including a website URL, for MaxFx are not publicly disclosed in a verifiable manner. The broker's operational footprint is limited, and its registration in The Virgin Islands (British) offers minimal transparency. Prospective clients should exercise extreme caution as the lack of publicly available, verifiable contact information is a common characteristic of unregulated entities and complicates dispute resolution.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

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What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

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Bagaimana cara menentukan apakah broker teregulasi?

Untuk menentukan apakah broker teregulasi, hal utama yang perlu dilakukan adalah memverifikasi apakah broker tersebut memiliki lisensi keuangan yang valid. Investor dapat memeriksa nomor lisensi dan statusnya melalui situs resmi regulator seperti Financial Conduct Authority (FCA) atau Australian Securities and Investments Commission (ASIC) untuk memastikan keasliannya. Perlu diperhatikan bahwa beberapa broker mungkin menggunakan lisensi pihak lain atau beroperasi di luar yurisdiksi yang diizinkan, yang juga mengandung risiko. Berdasarkan data WikiFX, status regulasi, riwayat operasional, dan skor risiko dapat digunakan sebagai referensi tambahan.

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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
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