Score

1.44 /10
Danger

LMAXFX

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.48

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
LMAXFX · Company summary

Note: LMAXFX is to operate via the website - http://www.lmaxfortw.com/index/index/index/token/656dccca41833bd6cbe620784223f519.html, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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

LMAXFX is allegedly a forex broker registered in China.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.

As for regulation, it has been verified that LMAXFX 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 1.27/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

LMAXFX is presented as a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

Customer Support

Unluckily, we didn‘t find any useful information about LMAXFX’s customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them.

Pros & Cons

Pros Cons
N/A • No regulation
• Website inaccessible

Frequently Asked Questions (FAQs)

Q 1: Is LMAXFX regulated?
A 1: No. It has been verified that LMAXFX currently has no valid regulation.
Q 2: Is LMAXFX a good broker for beginners?
A 2: No. LMAXFX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

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