MaximusFX has three main types of live trading accounts. There is also a swap-free Islamic account, which has conditions similar to those of the Standard account. The broker also offers a demo account for testing purposes.
The broker’s financial instruments list includes major, minor and some exotic forex pairs, gold and silver, as well as binary options.
The company. Security of funds
Company Country Regulation
Maximus Markets Limited SVG FSA
MaximusFX is owned by a company registered in the offshore zone Saint Vincent and the Grenadines. It is a very popular “destination” among the forex brokerages and is often a host of companies with somewhat dishonest intentions.
This is why we always recommend our readers to avoid dealing with offshore brokers and choose properly regulated ones. Even though some of the offshore brokers are also regulated by the corresponding offshore watchdogs, they by no means offer the same level of protection as the “proper” regulators like UK’s FCA or the Australian Securities and Investment Commission (ASIC).
Judging by the language versions of MaximusFX’s site, it is mostly targeting clients speaking Russian, Chinese, Arabic and Hindi. The broker says it does not accept clients from the US, Iran, Cuba, Sudan, Syria and North Korea.
The broker says it is regulated by Saint Vincent and the Grenadines’ Financial Services Authority and is compliant with MiFID and the EU passporting rules. It worth noting that they usually apply only for brokers regulated by an EU regulator.
Like the majority of forex brokers, MaximusFX offers trading on the popular MetaTrader 4 (MT4) platform, in all its versions – desktop, mobile and browser. There is also the MaximusFX MultiTerminal, which offers the ability to manage multiple trading accounts simultaneously from one platform. Clients can open/close trades and modify any positions with only one click of a button.
MaximusFX also provides a platform for trading in binary options. It is web-based and gives access to more than 50 trading instruments.
MaximusFX has several types of promotions. One is the Trading Bonus, which can reach up to 50% of the deposit. There are also the “refer a friend” and the rebate bonus.
MaximusFX has a wide selection of payment methods. They include bank transfers, credit and debit cards, China Union Pay and the online payment systems WebMoney, Neteller and Skrill.
MaximusFX is one of the hundreds of offshore brokers vying for clients. Except the relatively high deposit requirements, its trading conditions are fairly attractive, especially the spreads and the high leverage. On the other hand, however, the broker is offshore, which could be very risky.
MaximusFX Review Conclusion
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