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Score

1.53 /10
Danger

EuromaxFX

The Virgin Islands

5-10 years

Suspicious Regulatory License

High potential risk

http://euromaxfx.com/home

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Score

Regulatory Index0.00

Business Index7.18

Risk Management Index0.00

Software Index4.00

License Index0.00

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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! 2
Previous Detection : 2024-11-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

EuromaxFX · Company summary

Basic Information & Regulation

EuromaxFX is an online forex broker founded in 2011, offering investors over 20 currency pairs and precious metals. EuromaxFX is currently in an unregulated status.

Safety Analysis of EuromaxFX

EuromaxFX is an unregulated broker, meaning that the safety of clients' funds and trading activities on the EuromaxFX platform are not effectively regulated compared to those regulated by the FCA in the UK, CySEC in Cyprus, or even offshore. Therefore, investors are advised to stay away from this EuromaxFX broker.

Market Instruments of EuromaxFX

EuromaxFX offers investors a small range of tradable instruments, mainly more than 20 currency pairs and precious metals. Popular trading instruments, such as indices and stock CFDs, are not available.

Accounts & Leverage of EuromaxFX

EuromaxFX offers investors two account options, namely Micro and Standard accounts, with a minimum deposit of $10 for Micro accounts and $100 for Standard accounts. The maximum trading leverage for both accounts is 1:500.

Spreads & Commissions of EuromaxFX

Both accounts on the EuromaxFX platform come with fixed spreads, 2 pips on the Micro account, and 2 pips on the Standard account for EURUSD. Moreover, no additional commission is charged.

Trading Platforms Available of EuromaxFX

EuromaxFX offers traders the most popular MT4 trading platform on the Forex market, as well as the MT4 desktop and mobile versions. MT4 terminal has all the necessary tools and features for analyzing the price dynamics of financial instruments and supports automated trading programs.

Deposit and withdrawal of EuromaxFX

EuromaxFX supports traders to deposit and withdraw funds from their investment accounts via VISA, MasterCard credit & debit cards, wire transfers, and e-wallets like NETELLER, Skrill, etc.

Pros & Cons of EuromaxFX

The main advantages of EuromaxFX are:

1. MT4 trading platform

2. Two types of trading accounts available

3. Low minimum deposit amount

4. No commission on transactions

The main disadvantages of EuromaxFX are:

1. Not subject to any regulation

2. Less variety of assets tradable and no stock & index CFDs

3. Higher spreads

4. No scalping allowed


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