Pemaxx-Some Important Details about This Broker

Pemaxx Information

Pemaxx, created in 2023 and registered in Mauritius, is a licensed broker with a license from the Mauritius Financial Services Commission (FSC, No. C24209694). It provides a comprehensive range of trading services, including forex, commodities, cryptocurrency, indices, and stocks, all accessible through the MetaTrader 5 platform, with several account kinds to meet the demands of different traders.

Pros and Cons

Is Pemaxx Legit?

Yes, Pemaxx Global Limited is regulated. It holds a Retail Forex License issued by the Financial Services Commission (FSC) of Mauritius, under license number C24209694.

What Can I Trade on Pemaxx?

Pemaxx Global Limited provides a wide selection of tradable items, including major forex pairs, commodities, cryptocurrency, indices, and stocks. It portrays itself as a worldwide trusted partner offering a variety of trading solutions.

Account Type

Pemaxx offers seven different types of live trading accounts, as well as demo accounts for practice. It also has swap-free (Islamic) accounts. Titanium and Diamond accounts are aimed for new traders; Silver and Gold are for small to medium traders; Platinum and Elite are for experienced traders looking for better terms; and the ECN account is for professional traders looking for the lowest spread.

Leverage

Leverage Pemaxx provides leverage of up to 1:500 across its account categories. High leverage can dramatically improve gains on modest price movements, but it also increases the chance of huge losses, particularly in volatile markets, thus traders should exercise caution when using leverage.

Pemaxx Fees

Pemaxx Fees Overall, Pemaxx's fees are lower than industry averages, with its ECN account providing ultra-low spreads but a per-lot commission, whereas other accounts offer broader spreads but no commission.

Trading Platform

Deposit and Withdrawal

Pemaxx does not impose any deposit or withdrawal fees and provides commission-free transactions across all authorized payment methods. The minimum deposit varies by method, starting at $10.