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Pemaxx -

No Regulation

Score

2.12 /10

Danger

Pemaxx

Item: Pemaxx
Rating: 2.12

Mauritius

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://pemaxx.com

Influence

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Comparison

Quantity 6

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index6.13

Risk Management Index0.00

Software Index8.80

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

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

40G

open now

Broker Information

Company Name

Pemaxx Global Limited

Company Abbreviation

Pemaxx

Platform registered country and region

Mauritius

Company website

https://pemaxx.com

https://twitter.com/PemaxxP

Facebook

https://www.facebook.com/profile.php?id=100095345371541

Instagram

https://www.instagram.com/pemaxxliquidityprovider/

https://www.linkedin.com/feed/?trk=homepage-basic_sign-in-submit

971588351485

Company summary

Pyramid scheme complaint

Expose

Pemaxx · Company summary

Pemaxx Review Summary
Founded	2023
Registered Country	Mauritius
Regulation	FSC (Offshore regulated)
Market Instruments	Forex, Commodities, Cryptos, CFDs, Indices, Stocks
Demo Account	✅
Leverage	Up to 1:500
Spread (EUR/USD)	From 0.1 pips (ECN account); 0.3–0.6 pip on other accounts
Trading Platform	MetaTrader 5 (MT5)
Minimum Deposit	$10
Customer Support	Phone: +971588351485
Customer Support	Email: support@pemaxx.com

Pemaxx Information

Pemaxx, created in 2023 and registered in Mauritius, is a licensed broker with a license from the Mauritius Financial Services Commission (FSC, No. C24209694). It provides a comprehensive range of trading services, including forex, commodities, cryptocurrency, indices, and stocks, all accessible through the MetaTrader 5 platform, with several account kinds to meet the demands of different traders.

Pros and Cons

Pros	Cons
Regulated by Mauritius FSC	No MetaTrader 4 or cTrader platforms
Wide range of tradable instruments	Relatively new, founded only in 2023
Multiple account types, including ECN

Is Pemaxx Legit?

Yes, Pemaxx Global Limited is regulated. It holds a Retail Forex License issued by the Financial Services Commission (FSC) of Mauritius, under license number C24209694.

What Can I Trade on Pemaxx?

Pemaxx Global Limited provides a wide selection of tradable items, including major forex pairs, commodities, cryptocurrency, indices, and stocks. It portrays itself as a worldwide trusted partner offering a variety of trading solutions.

Tradable Instruments	Supported
Forex	✓
Commodities	✓
Indices	✓
Stocks	✓
Cryptos	✓
Bonds	✗
Options	✗
ETFs	✗

Account Type

Pemaxx offers seven different types of live trading accounts, as well as demo accounts for practice. It also has swap-free (Islamic) accounts. Titanium and Diamond accounts are aimed for new traders; Silver and Gold are for small to medium traders; Platinum and Elite are for experienced traders looking for better terms; and the ECN account is for professional traders looking for the lowest spread.

Account Type	Minimum Deposit	Spread (from)	Commission	Suitable for
Titanium	$10	0.6 pips	0	Beginners with minimal capital
Diamond	$30	0.6 pips		Entry-level traders
Silver	$50	0.5 pips		Small account traders
Gold	$100	0.5 pips		Small to medium traders
Platinum	$1,000	0.3 pips		Advanced traders
Elite	$1,000	0.3 pips		Advanced traders needing flexibility
ECN	$5,000	0.1 pips	$7	Professional traders seeking ECN

Leverage

Leverage Pemaxx provides leverage of up to 1:500 across its account categories. High leverage can dramatically improve gains on modest price movements, but it also increases the chance of huge losses, particularly in volatile markets, thus traders should exercise caution when using leverage.

Pemaxx Fees

Pemaxx Fees Overall, Pemaxx's fees are lower than industry averages, with its ECN account providing ultra-low spreads but a per-lot commission, whereas other accounts offer broader spreads but no commission.

Account Type	Spread from	Commission
ECN	0.1 pips	$7 per lot
Platinum	0.3 pips	0
Elite	0.3 pips
Gold	0.5 pips
Silver	0.5 pips
Diamond	0.6 pips
Titanium	0.6 pips

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 5 (MT5)	✔	Windows, macOS, iOS, Android, Web	Experienced traders
MetaTrader 4 (MT4)	❌	—	Beginners

Deposit and Withdrawal

Pemaxx does not impose any deposit or withdrawal fees and provides commission-free transactions across all authorized payment methods. The minimum deposit varies by method, starting at $10.

Payment Method	Minimum Deposit	Fees	Processing Time
Credit Card	$10	0	Instant
Bank Transfer	$50
PayPal	$20
Cheque	$200

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Warning: Low score, please stay away! 2

Previous Detection : 2025-05-31

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:500
Minimum Deposit	--
Minimum spread	0.1
Products	Forex, Crypto, Metal, Commodities, Indices CFDs

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	(4+) VISA
Withdrawal Method	--
Commission	--

Exposure

6 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

Worse broker in the history

Someone is playing with my account when I make profits

2025-03-24 00:51

Resolved

Pemaxx can’t withdraw money after making a profit, and delete mt5

Some time ago, I opened an account transaction on Pemaxx and made a profit of 7,000 US dollars. However, I applied for a withdrawal after making a profit, but the account was not credited in 5 days. Moreover, the account was deleted after logging in to the trading software. Isn’t this a trick of the fraud platform? Run away with $10,000? I want to expose this bad platform, expose their person in charge, and let investors open their eyes and see this platform clearly

2023-01-18 14:33

Unable to Withdraw

Not giving withdrawal

MT5-1063989. Arohi a sales agent gave a $50 account to trade and said you can withdraw the profits if you acheive trading 10 statndard lots. As per the requirement lots have been completed and equity is now at $1800. Now there are giving false statements and not giving withdrawals. Also they have disabled the access so unable to login as well. When asked they all are talking in rude language. Scammers

2025-03-15 13:05

Unable to Withdraw

unbale to withdraw

ill face withdrawal problems with my fund in this broker last 10 days no one is replying me to my problems & block me from everywhere

2024-02-11 20:19

Unable to Withdraw

They blocked my ac and not giving withdrewal

It's a fake broker i hav all the proofs they have eaten my money

2023-04-03 18:13

Unable to Withdraw

Pemaxx platform does not allow to withdraw

I opened an account on this platform and made a profit of more than 7,000 US dollars. At that time, the platform delayed my withdrawal for many days. After I got the account, I said that I would not withdraw the principal, but the platform said it was just them. E-wallet problem, let me continue to trade, but this time I applied for a withdrawal again, the platform still hasn’t received the account for 4 days, alas...a platform, there are no thousands of dollars, it is probably a black platform, I want to hack my principal, I guess I still want to run away, I hope Tianyan can help me get back my full amount

2023-02-02 10:44

Pemaxx · Company summary

Pemaxx Review Summary
Founded	2023
Registered Country	Mauritius
Regulation	FSC (Offshore regulated)
Market Instruments	Forex, Commodities, Cryptos, CFDs, Indices, Stocks
Demo Account	✅
Leverage	Up to 1:500
Spread (EUR/USD)	From 0.1 pips (ECN account); 0.3–0.6 pip on other accounts
Trading Platform	MetaTrader 5 (MT5)
Minimum Deposit	$10
Customer Support	Phone: +971588351485
Customer Support	Email: support@pemaxx.com

Pemaxx Information

Pros and Cons

Pros	Cons
Regulated by Mauritius FSC	No MetaTrader 4 or cTrader platforms
Wide range of tradable instruments	Relatively new, founded only in 2023
Multiple account types, including ECN

Is Pemaxx Legit?

Yes, Pemaxx Global Limited is regulated. It holds a Retail Forex License issued by the Financial Services Commission (FSC) of Mauritius, under license number C24209694.

What Can I Trade on Pemaxx?

Tradable Instruments	Supported
Forex	✓
Commodities	✓
Indices	✓
Stocks	✓
Cryptos	✓
Bonds	✗
Options	✗
ETFs	✗

Account Type

Account Type	Minimum Deposit	Spread (from)	Commission	Suitable for
Titanium	$10	0.6 pips	0	Beginners with minimal capital
Diamond	$30	0.6 pips		Entry-level traders
Silver	$50	0.5 pips		Small account traders
Gold	$100	0.5 pips		Small to medium traders
Platinum	$1,000	0.3 pips		Advanced traders
Elite	$1,000	0.3 pips		Advanced traders needing flexibility
ECN	$5,000	0.1 pips	$7	Professional traders seeking ECN

Leverage

Pemaxx Fees

Account Type	Spread from	Commission
ECN	0.1 pips	$7 per lot
Platinum	0.3 pips	0
Elite	0.3 pips
Gold	0.5 pips
Silver	0.5 pips
Diamond	0.6 pips
Titanium	0.6 pips

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 5 (MT5)	✔	Windows, macOS, iOS, Android, Web	Experienced traders
MetaTrader 4 (MT4)	❌	—	Beginners

Deposit and Withdrawal

Pemaxx does not impose any deposit or withdrawal fees and provides commission-free transactions across all authorized payment methods. The minimum deposit varies by method, starting at $10.

Payment Method	Minimum Deposit	Fees	Processing Time
Credit Card	$10	0	Instant
Bank Transfer	$50
PayPal	$20
Cheque	$200

News

NewsWikiFX Broker Assessment Series| Pemaxx: Legit or Scam?

Registered in the United Kingdom, Pemaxx presents itself as an online trading platform providing a large financial market including Forex, Futures, Stocks, Indices, Crypto, and Commodities, with the leverage up to 1:500.