MAX FOREX

WikiFX | 2024-10-17 13:52

概要：MAX FOREX functions as an unregulated broker and has been flagged as a suspicious clone by ASIC. The broker offers forex, commodities, indices, stocks, and cryptocurrencies. With account types like ECN, High Leverage, and Islamic accounts available on the MetaTrader 5 platform, it also provides 24/7 customer support and comprehensive educational resources.

MAX FOREXReview Summary
Founded	2021
Registered Country/Region	Cayman Islands
Regulation	Suspicious Clone
Market Instruments	Forex, Commodities, Indices, Stocks, Cryptocurrencies
Demo Account	Free demo with $10,000 virtual funds
Leverage	Up to 1:1000
Spread	As low as 0.6 pip
Trading Platform	MetaTrader 5
Min Deposit	$20
Customer Support	Phone: +852-31100709
	Email: cs@max-forex.cominfo@max-forex.com
	24/7 Online support
	Physical Address: 3rd Floor Ellen Skelton Building, 3076 Sir Francis Drake Highway Road Town, Tortola, British Virgin Islands

MAX FOREX Information

MAX FOREX is a broker registered in the Cayman Islands, offering a variety of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. Traders can choose from 3 different account types, or a free demo account with $10,000 virtual funds. The broker provides leverage up to 1:1000 and supports the MetaTrader 5 platform for trading. The broker is regulated by ASIC and VFSC, and the minimum deposit requirement is $20. The company is based in the British Virgin Islands.

Pros and Cons

Pros	Cons
Diversified trading products	Company information in trading contract is different from the broker
High leverage
Demo account available

Is MAX FOREX Legit?

It is clear that MAX FOREX was registered in 2021, and its current status is Suspicious Clone, which is insecure.

What Can I Trade on MAX FOREX?

MAX FOREX offers traders the opportunity to trade forex, commodities, indices, stocks, cryptocurrencies.

The broker supports trading in 32 currency pairs, such as USD/CNY, AUD/CAD pairs; 11 types of commodities, such as coffee and cotton; 14 indices, such as Dow Jones 30, China 50, SP500; and some large listed company stocks, such as Apple, Amazon, etc.

Tradable Instruments	Supported
Stocks	✔
Forex	✔
Funds	❌
Bonds	❌
Options	❌
Futures	❌
Derivatives	❌
Structured Products	❌
CFDS	❌
Cryptocurrencies	✔
Precious metals & Commodities	✔
Indices	✔

Account Types

MAX FOREX offers a total of 3 different types of accounts to traders -ECN Account, Hight Leverage Account and Islamic Account. Among them, the leverage ratio of high leverage accounts can reach 1:1000, but the spreads of such accounts are also relatively high. Meanwhile, we can also note that Islamic accounts cannot earn or pay interest.

Account Types	ECN	High Leverage	Islamic
Base Currency	USD	USD	USD
Leverage	1:100 / 1:200	1:1000	1:100 / 1:200
Minimum Deposit	$50	$50	$50
Negative Balance Protection	✅	✅	✅
Spread On All Majors	As low as 0.6 pip	As low as 1.0 pip	As low as 0.6 pip
Commission	❌	❌	✅
Overnight Interest	Charge or pay	Charge or pay	None
Max Lot For Per Order	20	20	20
Min Trade Volume	0.01	0.01	0.01
Margin Closeout Level	50%(weekday)100%(weekend, effective 30 minutes before close)	5%(weekday)500%(weekend, effective 30 minutes before close)	50%(weekday)100%(weekend, effective 30 minutes before close)
Max Size For Position	100	100	100
Execution Quality	Executed in less than 1 second	Executed in less than 1 second	Executed in less than 1 second
Multilingual Customer Support	✅	✅	✅
Free Regular Trading Strategy	✅	✅	✅

MAX FOREX Fees

MAX FOREX claims that only Islamic account will be charged commission. All three account types have spreads, but high leverage accounts have the highest spreads. Another point is that Islamic accounts do not have overnight interest, but the other two types of accounts do.

Trading Platform

MAX FOREX's trading platform is MetaTrader 5, which supports traders on the web and mobile.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 5	✔	Web, Mobile	Beginners and Experts
cTrader	❌	Web, Mobile

Deposit and Withdrawal

Investors are able to deposit through the methods including but not limited to the following options:

1. Online Banking Transfer - Fund will arrives within 10 minutes approximately;

2. Mastercard - Fund will arrives within 10 minutes approximately;

3. Mobile Banking Transfer - Fund will arrives within 10 minutes approximately;

4. Cryptocurrency Payment - Fund will arrives within 10 minutes approximately;

Note: Some of the above withdrawal methods are only applicable to designated countries or regions, and the specific time of arrival is subject to the processing speed of your bank.

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