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Viewmaxfx

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.viewmaxfx.com/

Website

Rating Index

Contact

support@viewmaxfx.com
http://www.viewmaxfx.com/
Suit 305, Griffith Corporate Centre Beachmont, P.O.Box 1510, Kingstown St. Vincent and the Grenadines.

Licenses

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

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No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

VIEWMAXFX LLC

Company Abbreviation

Viewmaxfx

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Viewmaxfx · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, metals, energy, indices and cryptocurrencies
Account Type Standard, Pro and Raw
Demo Account yes
Maximum Leverage 1:500
Spread Standard: from 1 pip, Pro: from 0.5 pips, Raw: from 0 pips
Commission Standard: 0, Pro: $3.5 per side, Raw: $2.5 per side
Trading Platform MT5 for Windows, Mac, Android and iOS
Minimum Deposit $10
Deposit & Withdrawal Method Visa, MasterCard, Maestro, Skrill, Neteller, Webmoney, Bank Transfers, Local Transfers and LOAD

Viewmaxfx, a trading name of VIEWMAXFX LLC, is allegedly a multi-asset broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0 pips on the MT5 trading platform via three different live account types, as well as 24/7 dedicated multilingual customer support. Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that Viewmaxfx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.18/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Viewmaxfx advertises that it offers access to more than 250 trading instruments, including forex, metals, energy, indices and cryptocurrencies.

Market Instruments

Account Types

Apart from demo accounts, Viewmaxfx claims to offer three types of trading accounts, namely Standard, Pro and Raw, with minimum initial deposit requirements of $10, $100 and $5,000 respectively.

Account Types

Leverage

The leverage provided by Viewmaxfx is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with Viewmaxfx are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1 pip on the Standard account, 0.5 pips on the Pro account and 0 pips on the Raw account.

As for the commission, there is no commission on the Standard account, while the Pro and Raw account holders have to pay a commission of $3.5 and $2.5 per side respectively.

Trading Platform Available

The platform available for trading at Viewmaxfx is one of the most notable and preferred trading platforms the market offers - MT5 for Windows, Mac, Android and iOS. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

MT5

Deposit & Withdrawal

The minimum initial deposit requirement with Viewmaxfx is said to be just $10. From the logos shown at the foot of the home page on Viewmaxfxs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Maestro, Skrill, Neteller, Webmoney, Bank Transfers, Local Transfers and LOAD.

Deposit & Withdrawal logos

Customer Support

Viewmaxfx‘s customer support can be reached by email: support@viewmaxfx.com or send messages online to get in touch. Company address: Suit 305, Griffith Corporate Centre Beachmont, P.O.Box 1510, Kingstown St. Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple tradable assets and payment methods offered • No regulation
• Demo accounts available • Commission charged on the Pro and Raw accounts
• Low minimum deposit ($10)
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is Viewmaxfx regulated?
A 1: No. It has been verified that Viewmaxfx currently has no valid regulation.
Q 2: At Viewmaxfx, are there any regional restrictions for traders?
A 2: Yes. Viewmaxfx does not accept clients from the following jurisdictions: USA, Iran, Cuba, Sudan, Syria, Afghanistan and North Korea.
Q 3: Does Viewmaxfx offer demo accounts?
A 3: Yes.
Q 4: Does Viewmaxfx offer the industry-standard MT4 & MT5?
A 4: Yes. Viewmaxfx supports MT5.
Q 5: What is the minimum deposit for Viewmaxfx
A 5: The minimum initial deposit with Viewmaxfx to open an account is only $10.
Q 6: Is Viewmaxfx a good broker for beginners?
A 6: No. Viewmaxfx is not a good choice for beginners. Though it advertises very well, never forget the truth that it is unregulated.

User Reviews

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Comments

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Iab
6-12months
No trading software and no license, how can I trust you?
2023-09-25 11:14
1
0
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FX1448673820
more than one year
Viewmaxfx is pretty cool. Even though I only kicked off with $50, their customer service was welcoming and always ready to help. No commission fees is a sweet bonus, but the spreads are just average - not that impressive but not too shabby either. It is a decent trading platform to consider if you're looking for a broker with great customer service and no commission fees.
2023-03-27 11:01
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0
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FX1192011742
more than one year
I like that it only requires a $10 initial deposit to get going. A major issue, however, is that this broker is not registered with any governing body. That's a risky move.
2022-12-20 10:59
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