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Score

1.46 /10
Danger

WealthMax

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://wealthmax.fm

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Score

Regulatory Index0.00

Business Index6.62

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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WealthMax · Company summary

Note: WealthMax's official website: https://wealthmax.fm/ is currently inaccessible normally.

WealthMaxReview Summary
Founded1998
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, commodities, indices, stocks, cryptos
Demo Account/
Leverage1:500
Spread1.6 pips
Trading PlatformMT4
Min Deposit$250
Customer SupportTel: +44 2 037 692 034
Email: support@wealthmax.fm

Established in 1998 and registered in the UK, WealthMax is a forex broker, offering various market instruments on forex, commodities, indices, stocks and cryptos via the MT4 platform. However, WealthMax operates without regulatory oversight from any reputable financial body.

WealthMax

Pros and Cons

ProsCons
Diverse trading choicesInaccessible website
Variety of account typesUnregulated status
MT4 supportedHigh minimum deposit
No fees for deposits and withdrawals
Popular payment options

Is WealthMax Legit?

No, WealthMax is not regulated currently. Please be aware of the risk!

No license

What Can I Trade on WealthMax?

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Stocks✔
Crypto✔
Bonds❌
Options❌
ETFs❌

Account Type

WealthMax offers 4 trading accounts – Bronze, Silver, Gold and VIP. The minimum initial deposit for the Bronze account is 250 EUR/USD/GBP. There is no information on what the minimum initial deposits for the other accounts are.

Leverage/Spread

WealthMax offers leverage of 1:500 and spread of 1.6 pips for traders. The leverage is extremely high and such spread is close to the industry average of 1.5 pips.

Trading Platform

The trading software that WalthMax offers to its clients is the MetaTrader 4 trading platform.

Trading PlatformSupported Available Devices Suitable for
MT4✔/Beginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

Clients of WealthMax may deposit or withdraw via credit cards, e-wallets and bank wire. As per the information in the Deposit and Withdrawal section, there are no related fees.

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Metlife 敏敏
more than one year
Trust me, if you are looking for a forex broker in the forex industry, WealthMax is definitely not worth your time and effort. This company does not have a regulatory license, which means it has no qualifications.
Trust me, if you are looking for a forex broker in the forex industry, WealthMax is definitely not worth your time and effort. This company does not have a regulatory license, which means it has no qualifications.
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2023-03-10 18:38
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