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/10

Pemaxx

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://pemaxx.com/

Website

Rating Index

Contact

support@pemaxx.com
https://pemaxx.com/
71 - 75 SHELTON STREET, LONDON, ENGLAND WC2H 9JQ

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

Pemaxx

Company Abbreviation

Pemaxx

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Pemaxx · Company Summary

Basic Information
Registered Countries United Kingdom
Regulation No License
Company Name Pemaxx Liquidity Limited
Minimum Deposit N/A
Maximum Leverage 1:500
Minimum Spread From 0.8 pips
Trading Platform MT5 trading platform
Trading Assets Forex, Futures, Stocks, Indices, Cryptocurrencies, commodities
Payment Methods N/A
Customer Support 5/24 customer support

General Information

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.

wikifx

Market Instruments

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

 market-instruments

Account Types

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.

account-types

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.

Leverage

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.

Trading Platform

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.

Payment Methods

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.

payment-methods

payment-methods

Customer Support

It appears that Pemaxx provides multiple contact channels for clients who have trading-related issues to reach them:

Live Chat

Telephone: +971 56 438 6943

Email: support@pemaxx.com

Registered Company: Level 6 Ken Lee Building 20, Edith Cavell Street, Port Louis, Mauritius

Physical Address: Dubai BusinessBay,33, Marasi Drive Road,

CloverBay Tower

Risk Warning

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

Pros Cons
Three types of trading accounts available No regulation
Free deposit and withdrawal No clear info about minimum deposit, commissions
MT5 supported Poor customer support
Wide selection of trading instruments No demo & Islamic account
High leverage

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.

News

WikiFX Broker Assessment Series| Pemaxx: Legit or Scam?

NewsWikiFX Broker Assessment Series| Pemaxx: Legit or Scam?

2023-11-09 18:36

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.

WikiFX
2023-11-09 18:36
News
WikiFX Broker Assessment Series| Pemaxx: Legit or Scam?

User Reviews

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5

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Deepak K546
6-12months
Froud Broker Withdrawal problem
2023-07-02 14:19
1
0
2
Darshana Patel
6-12months
Very Poor Service No Reply withdrawal not given and account wash out
2023-06-28 16:26
Reply
0
0
liao7038
more than one year
I have withdrawn and submitted it for 4 days, but still no payment, and there is no official reply, it is very dark
2023-01-17 17:44
Reply
1
1
未来集市店主:5232848
more than one year
I have been working with Pemaxx for about one month. It's very user-friendly. Deposits and withdrawals are easy and fast. And it has a great support team!
2022-12-16 18:29
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