MSMAX Spreads, leverage, minimum deposit Revealed

　　Note: For some unknown reason, we cannot open MSMAXs official site (https://www.msmax.co.uk) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

　　General Information & Regulation

　　MSMAX, a trading name of MSMAX Ltd., is allegedly a financial company registered in the United States that claims to provide its clients with leverage up to 1:200 and floating spreads from 0.1 pips on the worlds leading MetaTrader4 trading platform, as well as a choice of four different live account types.

　　As for regulation, it has been verified that MSMAX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.41/10. Please be aware of the risk.

　　Account Types

　　MSMAX claims to offer four types of trading accounts, namely Standard, Professional, ECN/STP and Premium VIP. The minimum initial deposit amount is only $10 for the Standard account, while the other three account types have much higher minimum initial capital requirements of $500, $1,000 and $1,000 respectively.

　　Leverage

　　The leverage provided by MSMAX is capped at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Spreads

　　MSMAX claims that the spread starts from 0.1 pips.

　　Trading Platform Available

　　The platform available for trading at MSMAX is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

　　Deposit & Withdrawal

　　The minimum initial deposit requirement at MSMAX is said to be only $10. However, the broker says nothing about the acceptable deposit and withdrawal methods.

　　Customer Support

　　MSMAX‘s customer support can be reached by telephone: +19195568527, email: info@msmax.co.uk, info@msmax.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.

　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.