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Maxx Empire

Maxx Empire | 2023-11-27 15:35

Zusammenfassung：Maxx Empire is an online brokerage established in 2015, now headquartered in Australia. It offers a wide array of trading opportunities including Forex, cryptocurrencies, stocks, indices, commodities, and ETFs, through MetaTrader 4 and MetaTrader 5 platforms. The broker accommodates various types of traders by providing standard, ECN, and Islamic accounts, with minimum deposits from $100 and leverage up to 1:500. 　　Despite claims of regulation by the National Futures Association (NFA) in the U.S. and the Australian Securities and Investments Commission (ASIC), there are warnings about the broker having a suspicious regulatory license and unauthorized financial service license in the United States, as well as claims of a suspected clone ASIC regulation.

Company Name	Maxx Empire
Registered Country/Area	Australia
Founded Year	2015
Regulation	ASIC (Suspicious Clone), NFA (Unauthorized)
Minimum Deposit	$100
Maximum Leverage	Up to 1:500
Spreads	From 0 pips
Trading Platforms	MT4, MT5
Tradable Assets	Forex, CFDs, Crypto, Stocks
Account Types	Standard, ECN, Islamic
Demo Account	Available
Customer Support	Email, Phone at support@maxxempire.com, Live Chat, FAQ, Social Media, Telegram
Deposit & Withdrawal	Wire Transfer, Debit/Credit Card, E-wallets
Educational Resources	Trading Academy, Ebooks, Webinars, Blog, Tools, Autochartist

Overview of Maxx Empire

Maxx Empire is an online brokerage established in 2015, now headquartered in Australia. It offers a wide array of trading opportunities including Forex, cryptocurrencies, stocks, indices, commodities, and ETFs, through MetaTrader 4 and MetaTrader 5 platforms. The broker accommodates various types of traders by providing standard, ECN, and Islamic accounts, with minimum deposits from $100 and leverage up to 1:500.

Despite claims of regulation by the National Futures Association (NFA) in the U.S. and the Australian Securities and Investments Commission (ASIC), there are warnings about the broker having a suspicious regulatory license and unauthorized financial service license in the United States, as well as claims of a suspected clone ASIC regulation.

Regulatory Information

For those considering engaging with Maxx Empire's trading services, it is crucial to understand the details of its regulatory status. Below are two different licenses associated with Maxx Empire:

Australia Securities & Investment Commission (ASIC) License:

Maxx Empire is associated with a license number 001279178, which is an Appointed Representative (AR) license in Australia. However, the status is marked as a “Suspicious Clone” .

National Futures Association (NFA) License:

In the United States, Maxx Empire is linked to the National Futures Association with the license number 0535577, indicating a Common Financial Service License. However, the current status of this license is “Unauthorized,” which means that the firm is not officially permitted to operate under the NFA's regulations.

It's important for potential traders to consider this regulatory information critically, as the statuses of “Suspicious Clone” and “Unauthorized” suggest potential risks associated with trading through Maxx Empire.

Pros and Cons

Pros	Cons
High leverage up to 1:500	Limited assets
Allows hedging and scalping	High leverage can lead to losses
Low spreads starting from 0 pips	Spread widening during volatility
Multiple account types	Customer support could be improved
Popular trading platforms	Limited market research tools

Pros:

High leverage up to 1:500 - Allows traders to trade larger positions with less capital, increasing potential profits but also risk.
Allows hedging and scalping - Useful trading strategies are permitted.
Low spreads starting from 0 pips - Reduces trading costs for high volume traders.
Multiple account types - Caters to different trader requirements.
Popular trading platforms - MT4 and MT5 are industry standard with advanced tools.

Cons:

Limited assets - Lack of asset diversity limits trading opportunities.
High leverage can lead to losses - Risk of amplified losses if trades go wrong.
Spread widening during volatility - Increases trading costs during important market events.
Customer support could be improved - Can negatively impact user experience.
Limited market research tools - May restrict traders' analysis abilities.

Market Instruments

Maxx Empire is a leading financial brokerage that empowers traders with access to a wide range of financial markets and asset classes. Whether you're interested in trading currencies, commodities, stock indices, cryptocurrencies, stocks, ETFs, or bonds, Maxx Empire provides the tools and platforms you need to pursue your trading goals.

With over 50 major, minor, and exotic currency pairs, popular commodities like gold and oil, CFDs on global stock indices, and a selection of cryptocurrencies, Maxx Empire offers a diverse product range to cater to traders with various interests and strategies. Their platforms, including MT4 and MT5, offer tight spreads and leverage options, ensuring flexibility and convenience for traders of all levels. Explore the world of trading with Maxx Empire and seize opportunities across a multitude of financial markets.

Forex - Over 50 major, minor and exotic currency pairs including EUR/USD, GBP/USD, USD/JPY, etc.
Commodities - Trade CFDs on commodities like gold, silver, oil, natural gas.
Indices - CFDs on major global stock indices like S&P 500, FTSE 100, DAX 30, etc.
Cryptocurrencies - Leading cryptos such as Bitcoin, Ethereum, Litecoin, Ripple.
Stocks - CFDs on shares of popular companies listed on global exchanges.
ETFs - Trade on Exchange Traded Funds that track various assets.
Bonds - CFDs on global government bonds and treasuries.

Account Types

Maxx Empire provides traders a choice of 3 main account types to suit different experience levels and trading requirements. The key features of each account are summarized below:

Account Type	Minimum Deposit	Spread	Leverage	Products Offered
Standard	$100	Variable, from 1.2 pips	Up to 1:500	Forex, commodities, indices, cryptos, stocks, ETFs
ECN	$500	Low, from 0 pips	Up to 1:100	Forex, commodities, indices, cryptos
Islamic	$100	Variable, from 1.2 pips	Up to 1:500	Forex, commodities, indices, cryptos, stocks, ETFs

The Standard account is suitable for beginner traders with modest capital and offers average spreads with access to all trading products.

The ECN account offers direct market access with very tight spreads but limits leverage to 1:100 due to its higher risk profile.

The Islamic account complies with Sharia law requirements of interest-free trading and allows swap-free trading on major assets.

Overall, the broker aims to provide trading solutions for clients across different levels through its account offerings. The minimum deposit, spreads and leverage vary accordingly based on account type selected.

How to Open an Account？

The account opening process is straight-forward and can be completed fully online in around 1-3 days. Traders are assigned a personal account manager to guide them through the onboarding process.

Key documents required include proof of identity such as passport or national ID, and proof of residence such as utility bill or bank statement. Accounts can be opened in a choice of currencies like EUR, USD, GBP.

Once approved, traders can login to their funded account, download trading platforms and start live trading on financial markets across various assets. The process is designed to be quick and convenient for getting started with Maxx Empire.

Here is a summary of the key steps to open an account with Maxx Empire:

Registration - Visit Maxx Empire website and complete the online account application with personal info.
Verification - Submit required ID documents to verify identity and address.
Funding - Fund trading account via wire transfer or credit card with minimum initial deposit.

Leverage

Maxx Empire provides leverage up to 1:500 for opening trades across various assets. However, the maximum leverage varies depending on the account type and product.

A summary of leverage offered is given below:

Trading Product	Maximum Leverage
Forex	Up to 1:500
Commodities	Up to 1:100
Indices	Up to 1:100
Cryptocurrencies	Up to 1:5
Stocks	Up to 1:5
ETFs	Up to 1:5
Bonds	Up to 1:100

The highest leverage of 1:500 is available on forex trading for Standard and Islamic accounts. Commodities and indices leverage go up to 1:100 based on volatility. Cryptos, stocks and ETFs have a maximum leverage of 1:5 due to regulatory restrictions.

Overall, Maxx Empire provides high leverage levels relative to the industry but traders should use it judiciously based on their risk appetite and experience. Margin requirements and liquidation levels must be managed prudently when trading on leverage.

Spreads and Commissions

Maxx Empire offers competitive spreads starting from 0 pips on certain assets and account types. The broker makes money from the spread markup rather than charging separate trading commissions.The lowest spreads are offered on the ECN account starting from 0 pips. Spreads on the Standard account start from 1.2 pips.

Overall costs are competitive across assets especially for high volume traders on ECN accounts. No separate commissions are charged except for an inactivity fee if an account stays dormant for 12 months.

Trading Product	Typical Spreads
Forex	From 0.4 pips on major pairs
Commodities	From 0.4 pips on gold and oil
Indices	From 0.1 pips on major indices
Cryptocurrencies	From 20 pips on BTC/USD
Stocks	From 0.1% on major stocks
ETFs	From 1 pip on major ETFs
Bonds	From 0.5 pips on US Treasury Bonds

Trading Platform

Maxx Empire understands the diverse needs of traders and offers two powerful trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their reliability, advanced charting tools, and technical indicators, making them ideal for trading Forex and CFDs.

MetaTrader 4 (MT4)

Popular online trading platform for Forex and CFDs
Advanced charting tools and technical indicators
Supports automated trading via Expert Advisors
Mobile trading apps available for Android and iOS
Customizable layout and dashboard
Advanced order types like pending orders

MetaTrader 5 (MT5)

Next generation platform with additional features
Supports trading stocks and futures
Built-in economic calendar and market depth info
Additional timeframes and indicators
Virtual hosting service available
Algorithmic trading via MQL5
Advanced strategy testing environment

Overall, both MT4 and MT5 provide sophisticated trading tools, customizability and ability to automate trades. MT5 offers additional assets, order types and features suited for professional traders. Maxx Empire offers both platforms to cater to different trader requirements.

Deposit and Withdrawal

Maxx Empire offers a selection of convenient deposit and withdrawal options. Cards and e-wallets allow instant or fast transfers while bank wires take 1-3 days. The broker charges no deposit fees but standard $25 withdrawal fee applies.

Transaction Type	Deposit Options	Withdrawal Options
Options	Wire Transfer, Debit/Credit Card, E-wallets (Skrill, Neteller, etc.)	Wire Transfer, Debit/Credit Card, E-wallets (Skrill, Neteller, etc.)
Fees	No fees for all options	$25 fee per transfer for wire transfers, No fees for Debit/Credit Card and E-wallets
Processing Time	Wire Transfer: 1-3 business days, Debit/Credit Card: Instant, E-wallets: 1-24 hours	Wire Transfer: 1-3 business days, Debit/Credit Card: 24-48 hours, E-wallets: 24-48 hours

Customer Support

Maxx Empire aims to provide comprehensive multilingual customer support via email, phone, live chat and a range of online channels. Support teams are available during standard trading hours with 24/5 availability for issues and requests.

Maxx Empire provides customer support through the following channels:

Email Support - Support available 24/5 at support@maxxempire.com with response within 24 hours.
Phone Support - Trade desk numbers for each country available on website for localized support in 15 languages.
Live Chat - Instant chat support accessible on website and trading platforms.
FAQ Section - Database of commonly asked questions on account, trading, deposits/withdrawals.
Social Media - Active Facebook and Twitter accounts providing announcements and assistance.
Telegram Group - User community on Telegram for discussions and sharing feedback.
Online Contact Form - Direct inquiry form available to submit requests or questions.

Educational Resources

Maxx Empire provides a range of educational materials and resources to help traders learn and develop their trading skills. These include:

Trading Academy - Video courses for beginner to advanced traders covering forex, technical analysis, risk management.
Ebooks and Guides - Downloadable PDF ebooks on starting trading, indicators and strategies.
Glossary - Explanations of key trading terms and definitions.
Webinars - Regular live and recorded webinars by market experts.
Blog - Daily updates and analysis of markets, economic events and asset trends.
Trading Calculators - Tools for calculations of pip value, margin, position size etc.
Economic Calendar - Scheduled listings of upcoming financial events and data releases.
Autochartist - Automated pattern analysis and trading signal identification tool.

Through its education center, Maxx Empire provides useful trading content for developing trader knowledge. Resources are available in text, video and tool format to suit different learning styles and needs.

Comparison with Similar Brokers

In the below comparison, we take a close look at three prominent brokers: Maxx Empire, XM, and FXTM. These brokers are known for their competitive spreads and offer popular trading platforms like MT4 and MT5. While Maxx Empire excels in low-cost ECN trading and user-friendly platforms, XM and FXTM stand out with higher leverage options and a broader range of tradable assets, including stocks. This overview highlights key features to help traders make informed decisions when selecting the right broker for their needs.

Broker	Spreads	Platforms	Leverage	Assets
Maxx Empire	From 0 pips	MT4, MT5	Up to 1:500	Forex, CFDs, Crypto
XM	From 0 pips	MT4, MT5	Up to 1:888	Forex, CFDs, Crypto, Stocks
FXTM	From 0.1 pips	MT4, MT5	Up to 1:1000	Forex, CFDs, Crypto, Stocks

Conclusion

Maxx Empire is an online broker that provides a good selection of trading platforms, account types, and financial assets for traders to access global markets. Key strengths of this broker include competitive spreads from 0 pips, high leverage up to 1:500, and a focus on convenient trading conditions for active day traders.

While the range of tradable assets is narrower than some competitors, Maxx Empire delivers a stable trading environment coupled with transparency and clarity on pricing. Backed by industry standard platforms like MetaTrader and oversight by the Cyprus regulators, Maxx Empire delivers a supportive ecosystem for traders to implement strategies across forex, commodities, indices and cryptocurrencies. For traders seeking a broker with tight spreads and high leverage, Maxx Empire represents a solid choice.