Score

1.54 /10
Danger

FXPremax

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

C

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.23

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Premax Capital Ltd

Company Abbreviation

FXPremax

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 49128) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Scam

Scam by broker and LD fxpremax malaysia

I only using micro account and has 2k USD but when I tell my LD that grop RTFTT owned by gero azrul I want close my account because fxpremax so much problem.i had Been scam by fxpremax they make my micro account 2kusd margin call in second by manipulate price I have the Proff I already ss you can see the time and date and the price gold at that time.gold not move at all at that time but at my account I already mc because price fall.before that happen I told my LD that I want close my account at fxpremax what make me curious how fxpreamax know and make my account mc just like that.for record I use fxpremax for 4 year and many problem that happen and not make sense at all they will not give you withdraw by using excuse like abitrage trade and swap abuse although U using free swab accaunt.i only use fxpremax because want support Gero azrul but when this happen and I tell him about my problem he ignore me although he guarantee fxpremax safe and promote fxpremax everytime in his live.he also claim he is best friend owner fxpremax and also LD fxpremax so when he don't want help me I try to dig myself and find fxpremax regulatation but fxpremax using fake regulation..I'm curious Gero azrul and the owner already has been partner to scam their customer.i also put Gero azrul picture that has been rated please investigate him back because he already know fxpremax not regulate and fake but still promote and force his student to register and using fxpremax.i also in to his live to tell his student that fxpremax no regulate but he block my chat so his student don't see when I want to aware them

Akmal8818
2023-09-19 00:40
Sources
FXPremax · Company summary

Regulation and general information

FXPremaxIt is owned by Premnax Capital Ltd and claims to be located in London, UK, but no such address has been found. FXPremax it is not currently regulated in any way.

market instruments

FXPremaxoffers investors 70 tradable instruments, forex, spot oil, metals and cfds on major indices.

minimum deposit

FXPremaxoffers investors four different trading accounts, micro stp, standard fixed, standard stp and ecn accounts. FXPremax does not require a minimum initial deposit to start trading or open an account.

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leverage FXPremax

in terms of forex trading, the maximum level of leverage offered by FXPremax It is very high, reaching up to 1:1000. Since leverage can amplify both profits and losses, it is important for traders to choose the appropriate leverage level. Also, unregulated brokers tend to offer high trading leverage to attract traders, so inexperienced traders better stay away from these brokers.

Spreads and commissions

the charges of FXPremax They are spread as commission for all three accounts, while ECN accounts are spread starting at 0 pips, and the commission is 0.005% of the trading volume.

business platform

FXPremaxIt offers traders the most popular mt4 trading platform, but it is only compatible with mt4 desktop version.

deposit and withdrawal

FXPremaxhelps traders deposit and withdraw funds to and from their accounts via various methods such as international bank transfers and popular online payment methods including neteller, skrill, okpay, unionpay and fasapay.

Customer Support

customer service can be contacted FXPremax by phone, email, a contact form, as well as some social media platforms, such as facebook, twitter, instragram, etc.

pros and cons of FXPremax

the advantages of FXPremax to include:

1. Four types of accounts available

2. Multiple ways of deposits and withdrawals

the disadvantages of FXPremax include:

1. Not subject to any regulation

2. Only supports MT4 web version

3. Relatively high spreads and commissions

4. Do not accept US customers.

Available trading accounts

FXPremaxprovides a range of different business accounts because it appreciates that clients' needs can be different. It doesn't matter if you are a complete beginner or an expert trader, there will be something for everyone. the different account options are as follows:

Micro STP Account

  • no minimum deposit

  • Maximum balance USD 3,000

  • 75 currency pairs, gold, silver

  • Floating spreads from 1.9 pips

  • Leverage up to 1:500

  • Allowed Expert Advisors

standard fixed account

  • no minimum deposit

  • no maximum balance

  • 74 currency pairs, gold, silver

  • Fixed spreads from 3 pips

  • Leverage up to 1:500 for accounts up to 25,000 USD, up to 1:200 for accounts from 25,000 USD to 100,000 USD and 1:100 for accounts with more than 100,000 USD

Standard STP account

  • no minimum deposit

  • unlimited maximum balance

  • 74 currency pairs, gold, silver, CFDs

  • Floating spreads from 1.9 pips

  • Leverage up to 1:500 for accounts up to 25,000 USD, up to 1:200 for accounts from 25,000 USD to 100,000 USD and 1:100 for accounts with more than 100,000 USD

  • Allowed Expert Advisors

  • demo account allowed

ECN account

  • no minimum deposit

  • unlimited maximum balance

  • 74 currency pairs, gold, silver, CFDs

  • Spreads according to market, from 0 pips

  • Commissions 0.005% of the transaction amount

  • Leverage up to 1:500 for accounts up to 25,000 USD, up to 1:200 for accounts from 25,000 USD to 100,000 USD and 1:100 for accounts with more than 100,000 USD

  • Allowed Expert Advisors

  • demo account allowed

what FXPremax is it legit or a scam?

When looking for brokers to do your trading with, the first and most important step should always be to learn about their certifications. this will tell you if they are regulated by a central authority or if FXPremax is an offshore and/or unregulated entity.

When a broker is unregulated or is regulated by an entity outside of your jurisdiction, you have limited or no legal recourse in the event your funds are compromised. In case of theft, complaints can only be filed if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:

  • The Cyprus Securities and Exchange Commission (CySEC)

  • The Financial Conduct Authority (FCA)

  • The Australian Securities and Investments Commission (ASIC)

If a broker is not licensed by the regulatory authority in your jurisdiction, that probably means they are not regulated and should be avoided. Even if the brokerage is regulated, it's best to avoid it if the regulator is located outside of your jurisdiction.

News

NewsForex Broker in Malaysia: FXPremax

FXPremax is the most reliable and functional forex broker in Malaysia. FXPremax’s traders can be ensured with the efficiency of the financial transactions. Our company provides outstanding support for all financial transactions, ensures comprehensive security approach and the most advanced technology.

WikiFX
2021-12-11 21:18
Forex Broker in Malaysia: FXPremax

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rara2746
6-12months
untuk agan agan sekalian, hati2 dengan platform ini sekali lagi (HATI-HATI), jangan sampai platform ini memakan korban. Terima kasih
untuk agan agan sekalian, hati2 dengan platform ini sekali lagi (HATI-HATI), jangan sampai platform ini memakan korban. Terima kasih
Translate to English
2024-03-15 15:16
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Sultan4831
more than one year
FXPremax - A Reliable Brokerage with Exceptional Service I have been trading with FXPremax for a considerable period, and I am thrilled to share my positive experience with this brokerage. FXPremax has consistently proven to be a reliable partner, offering exceptional services that have greatly contributed to my trading success. One of the standout aspects of FXPremax is their commitment to providing a secure and transparent trading environment. With stringent regulatory compliance and segregated client accounts, I feel confident that my funds are well-protected. FXPremax goes above and beyond to prioritize the safety and integrity of their clients' assets. The trading platform offered by FXPremax is highly impressive. Its intuitive interface, combined with powerful analytical tools and real-time market data, has greatly facilitated my trading decisions. The platform is stable, user-friendly, and offers lightning-fast trade execution, ensuring I never miss out on trading opportunities. Moreover, FXPremax offers an extensive range of tradable instruments across various asset classes. Whether it's forex, commodities, indices, or cryptocurrencies, their diverse selection allows for a well-diversified investment portfolio. I appreciate the flexibility to explore different markets and tailor my trading strategies accordingly. Customer support at FXPremax deserves special commendation. The support team is highly professional, knowledgeable, and always available to address an
FXPremax - A Reliable Brokerage with Exceptional Service I have been trading with FXPremax for a considerable period, and I am thrilled to share my positive experience with this brokerage. FXPremax has consistently proven to be a reliable partner, offering exceptional services that have greatly contributed to my trading success. One of the standout aspects of FXPremax is their commitment to providing a secure and transparent trading environment. With stringent regulatory compliance and segregated client accounts, I feel confident that my funds are well-protected. FXPremax goes above and beyond to prioritize the safety and integrity of their clients' assets. The trading platform offered by FXPremax is highly impressive. Its intuitive interface, combined with powerful analytical tools and real-time market data, has greatly facilitated my trading decisions. The platform is stable, user-friendly, and offers lightning-fast trade execution, ensuring I never miss out on trading opportunities. Moreover, FXPremax offers an extensive range of tradable instruments across various asset classes. Whether it's forex, commodities, indices, or cryptocurrencies, their diverse selection allows for a well-diversified investment portfolio. I appreciate the flexibility to explore different markets and tailor my trading strategies accordingly. Customer support at FXPremax deserves special commendation. The support team is highly professional, knowledgeable, and always available to address an
Translate to English
2023-06-01 02:51
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