BlueMax Forex Broker

General Information & Regulation BlueMax Capital is the trading name of BlueMax Global Ltd., an offshore registered online forex trading service provider, offering margin forex and commodities trading for individual and institutional clients. BlueMax Capital's official website does not indicate that it is subject to any active regulation. Market Instruments The financial trading assets that BlueMax Capital offers to its investors are mainly Forex currency pairs. Compared to most brokers, the financial asset classes offered by BlueMax Capital are relatively limited. Minimum Deposit BlueMax provides investors with four different types of trading accounts, namely Explorer account (minimum initial deposit of $1,000), Lite account (minimum initial deposit of $1,000), Standard account (minimum initial deposit of $10,000), and Prime account (minimum initial deposit of $100,000). Unregulated brokers tend to requires high initial deposit, traders should stay away from this broker. BlueMax Capital Leverage The maximum trading leverage is 1:400 for the Explorer and Lite accounts, 1:200 for the Standard account, and 1:50 for the Prime account. All four accounts have a base currency of USD. Spreads & Commissions The maximum spread of the Explorer account on the BlueMax platform starts from 1.2 pips, and there are no trading commissions on Forex. The spread on the Lite account starts at 1.2 pips, and the trading commission is 3.5 USD per lot (per side). The spread on the Standard account starts at 0.2 pips, and the trading commission is 3 USD per lot, and the spread on the Prime account starts at 0.2 pips, and the trading commission is 2 USD per lot. Trading Platform BlueMax provides traders with the current market-leading and widely acclaimed MT4 trading platform. MT4 is a user-friendly trading platform where traders can get the ultimate solution for online trading, technical analysis, and automated trading, instantly execute multiple order types, monitor real-time exchange rates for currencies and other instruments, and easily view historic records. In addition, traders can use the MT4 automated trading system to increase trading opportunities and trade faster using EA. BlueMax Capital Cons BlueMax Capital Disadvantages include: 1. Offshore brokerage & not subject to any regulation 2. Limited trading asset classes 3. High initial maximum deposit requirements 4. No live customer support 5. No information on payment methods