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Danger
ES CNMV
2022-09-12
MetaMaxFX defines itself as an international Forex and CFD broker. On the one hand, it is unregulated and has limited tradable assets. On the other hand, the low spreads continue attracting quite a few traders to invest riskily.
Pros and Cons
| Pros | Cons |
| Low spreads | Limited trading assets |
| Demo accounts | Not regulated |
| Various account types | High minimum deposit |
Is MetaMaxFX Legit?
MetaMaxFX is not regulated by Financial Conduct Authority (FCA) in the United Kingdom. There is no company or broker by the name of MetamMaxFx was to be found there.
What Can I Trade on MetaMaxFX?
MetaMaxFX offers several trading instruments, including forex, indices and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Metals | ❌ |
| Energies | ❌ |
| Options | ❌ |
Account Type & Leverage
MetaMaxFX offers four account types: Silver, Gold, Platinum and Vip, it also supports demo accounts.
Silver account is a good choice for beginners.
Gold account is suitable for those who are aggressive.
Platinum account fits for someone who are experienced.
VIP account is designed for those day-traders.
| Account Type | Minimum Deposit | Maximum Leverage |
| Silver | $250 | 1:200 |
| Gold | $2,500 | 1:400 |
| Platinum | $10,000 | 1:500 |
| VIP | $50,000 | 1:500 |
MetaMaxFX Fees
| Account Type | Spread |
| Silver | from 1.5 pips |
| Gold | from 1.5 pips |
| Platinum | from 0.8 pips |
| VIP | from 0.0 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 | ✔ | Windows | Experienced traders |
Deposit and Withdrawal
MetaMaxFX accepts deposits and withdrawals via some popular methods, including VISA, Mastercard, Neteller, Skrill, PayPal, and bank wire transfers. The minimum deposit requirement is $250.
Customer Service
| Contact Options | Details |
| Phone | +44 1312021660 |
| +52 3385262577 | |
| support@metamaxfx.com | |
| Support Ticket System | ❌ |
| Online Chat | 5/24 |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | ❌ |
The Bottom Line
MetaMaxFX provides demo accounts for traders to practice with low spreads, which can attract many beginners. However, the minimum deposit is up to $250, and unregulated brokers can result in several financial problems. New traders should be careful when choosing a broker.
FAQs
Is MetaMaxFX safe?
No, MetaMaxFX information is not transparent. This can lead to financial loss.
Is MetaMaxFX a good for beginners?
No, though MetaMaxFX offers demo accounts where beginners can practice at any time, it is still an unregulated broker.
Is MetaMaxFX good for day trading?
No, MetaMaxFX charges some fees for withdrawals. However, due to its obscure information, the exact fees are not known.
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