||Pemaxx Liquidity Limited
||From 0.8 pips
||MT5 trading platform
||Forex, Futures, Stocks, Indices, Cryptocurrencies, commodities
||5/24 customer support
Registered in the United Kingdom, Pemaxx presents itself as an online trading platform providing a large financial market including Forex, Futures, Stocks, Indices, Crypto, and Commodities, with the leverage up to 1:500.
It has been verified that Pemaxx is not authorized or regulated by any regulators, and thats why WikiFX has given it a very low score of 1.07/10. Please be aware of the risk, for trading with an unregulated broker is a surefire way to lose your money.
Pemaxx boasts that investors are given access to a total of six trading assets covering Forex, Futures, Stocks, Indices, Cryptocurrencies, as well as commodities.
Forex- Over 40 currency pairs to trade, including major, minor, and crosses
Futures-Metals (Gold, Silver, Copper) and Energy (Crude, Brent & Natural Gas)
Stocks-Over 65 shares across UK, US and European markets on popular shares including Amazon, Boeing, Facebook and Netflix.
Indices- Trade on basket of top shares
Crypto-Bitcoin, Ethereum, Litecoin, Dash, etc
ECN accounts, Diamond accounts and Platinum accounts are available options all potential and new clients. However, the minimum deposit required by each account is not disclosed.
Spreads & Commissions
Trading accounts set the commissions and spreads. Spreads start at 0.0 pips for Standard accounts, spreads starting at 0.5 pips on the Diamond account and 0.1 pips on the Platinum account. Commissions are not mentioned yet.
When it comes to leverage, Pemaxx provides its customers with access to 1:500, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Pemaxxhypes that it provides the world-class MT5 trading platform. Although this maybe a favorable offering, clients should be aware that this is an unregulated broker and trading with it is taking a huge risk of losing your money.
Pemaxx does not elaborate on its minimum deposits, and clients are allowed to make a deposit and withdrawal through multiple payment methods, including Bank Transfer, VISA, MasterCard, Maestro, Neteller, Skrill, Fasapay, Perfect Money. Currencies can be deposited in EUR, USD, GBP, with no fees charged.
It appears that Pemaxx provides multiple contact channels for clients who have trading-related issues to reach them:
Telephone: +971 56 438 6943
Registered Company: Level 6 Ken Lee Building 20, Edith Cavell Street, Port Louis, Mauritius
Physical Address: Dubai BusinessBay,33, Marasi Drive Road,
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
|Three types of trading accounts available
|Free deposit and withdrawal
||No clear info about minimum deposit, commissions
||Poor customer support
|Wide selection of trading instruments
||No demo & Islamic account
Frequently Asked Questions
What items can I trade with on Pemaxx？
Pemaxx offers access to a total of six trading assets covering Forex, Futures, Stocks, Indices, Cryptocurrencies, as well as commodities.
What is the minimum deposit required by Pemaxx？
The minimum deposit to open an account with Pemaxx is not disclosed.
What is the maximum leverage available？
With a live trading account at Pemaxx, the traders can be benefitted with the maximum leverage of 1:500.