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/10

Maxco Futures

Indonesia|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

http://www.maxcofutures.co.id/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
MaxcoFutures-Demo MT4
Server Location Indonesia

Contact

+62 21 720-1018
cs@maxcofutures.co.id
http://www.maxcofutures.co.id/en
Panin Bank Centre - Ground Floor Jl.Jend.Sudirman Kav-1 Senayan Jakarta Selatan 10270 Indonesia

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+62 21 720-1018

Broker Information

More

Company Name

PT Maxco Futures

Company Abbreviation

Maxco Futures

Platform registered country and region

Indonesia

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The IndonesiaBAPPEBTI regulation (license number: 353/BAPPEBTI/SI/IV/2004) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Maxco Futures · Company Summary

Company Summary

Company profile

Basic Information & Regulation of Maxco Futures

Maxco Futures, established in 2005, is an Indonesia-based broker that claims to offer Forex currency pairs, index trading, and advisory services to both individual and corporate clients. Moreover, Maxco Futures is a strategic partner of Panin Group Indonesia. Maxco Future is currently not subject to any effective regulation.

Safety Analysis of Maxco Futures

Maxco Futures is currently an unregulated broker, which means that investors' funds are not protected in the event that the broker misappropriates client funds or faces bankruptcy.

Market Instruments of Maxco Futures

Maxco Futures offers investors a relatively limited range of financial asset classes, mainly forex currency pairs and index products trading services. Additionally, Maxco Future also provides a range of consultancy services.

Accounts & Leverage

Maxco Futures does not provide information about accounts & leverage, and the website only shows some steps for account registration.

Fees of Maxco Futures

Maxco Futures official website does not provide information on spreads or commissions for specific currency pairs, and only gives overnight interest rates for several currency pairs, such as EURUSD -1.50% (buy), -1.50% (sell), USDJPY -2.00% (buy), -1.00% (sell), GBPUSD -1.25% (buy), -1.75% (sell).

Trading platforms Available

Maxco Futures offers its investors the in-house trading platform MaxcoTrader, which supports iPhone and Android versions.

Deposit and Withdrawal of Maxco Futures

Maxco Futures supports traders to deposit and withdraw funds to and from their investment accounts through the Central Bank of Asia in Indonesia in USD and IDR.

Summary

The main disadvantages of Maxco Futures are:

1. No regulation

2. Poor website information

3. Few asset classes to trade

4. Limited deposit & withdrawal options

5. No account & leverage information provided


News

WIKIFX REPORT: Maxco Enhances Digital Services to Improve Trading Experience

NewsWIKIFX REPORT: Maxco Enhances Digital Services to Improve Trading Experience

2022-06-22 11:47

PT Maxco Futures is one of the brokers that has been serving Indonesian traders for 30 years, starting in 1991. Maxco will alter its logo in 2021 as part of its commitment to enhance digital services. According to Brian, Maxco's Marketing Manager, the new logo is part of the company's goal to create a trading application that would improve customers' trading experiences.

WikiFX
2022-06-22 11:47
News
WIKIFX REPORT: Maxco Enhances Digital Services to Improve Trading Experience

User Reviews

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User comment

4

Comments

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紫葳
more than one year
Exhausted! Opening an account with Maxco Futures is exhausting. Unprofessional support staff is not helping at all… I decided to give up. This platform is totally wasting my time.
2023-02-24 15:57
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0
0
Eddie 艾迪.芬曼
more than one year
There is so little information on the website that I cannot find much information that is important to me. So I tried to contact their customer service and not only did they take a long time, maybe almost a day, to get back to me, but the response was not very professional. Maybe it's jet lag, but I would not choose to do business with this Maxco company.
2022-11-30 18:14
Reply
0
0
A衍飘
more than one year
Only a small amount of information is revealed openly on their official site. More detailed information on trading conditions is unavailable. They don’t offer demo accounts and live chat.
2022-11-28 14:57
Reply
0
0
more than one year
Excellent customer support, I contacted them through phone and they answered my questions patiently. However, its minimum deposit requirement is too high for me, from $1,000, so I decide not trade with this broker. I’ll turn to some low minimum deposit brokers.
2022-11-28 12:02
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0
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