Maxco Futures Forex Broker

Maxco Futures Review Summary Founded 2005 Registered Country/Region Indonesia Regulation BAPPEBTI (Suspicious Clone) Market Instruments Forex currency pairs and index products trading services Demo Account Available Trading Platforms MT4 Leverage Up to 1:100 Customer Support Phone, email, social media, enquiry form What is Maxco Futures？ Maxco, established in 2005 and based in Indonesia, offers trading services primarily in the realm of Forex currency pairs and index products. Notably, Maxco operates without regulatory oversight, falling under the categorization of “BAPPEBTI (Suspicious Clone).” While a demo account is available for clients to practice and familiarize themselves with the platform, it's important to exercise caution due to the unregulated nature of the broker. Maxco provides customer support through various channels, including phone, email, enquiry form, and social media, ensuring accessibility for client inquiries and assistance. Potential investors should carefully consider the risks associated with trading with an unregulated broker and conduct thorough research before engaging with Maxco. Pros & Cons Pros Cons • Years of Experience • Suspicious regulation by BAPPEBTI • Low Trading Costs • Few Asset Classes • Real-time Analysis • Limited Deposit and Withdraw Options Pros Years of Experience: Maxco's extensive experience, with over 15 years in the industry, suggests a level of longevity and stability. This can be seen as a positive aspect, indicating that the broker has navigated market fluctuations and may possess a degree of expertise. Low Trading Costs: Competitive trading costs can be advantageous for traders looking to minimize their expenses. Low fees and spreads can potentially enhance profitability for clients. Real-time Analysis: Real-time analysis tools and resources can empower traders to make timely and well-informed decisions, aiding in the execution of successful trades. Cons Suspicious Regulations: Maxco's classification as “BAPPEBTI (Suspicious Clone)” raises red flags regarding regulatory compliance and transparency. Traders should be cautious when considering an unregulated broker. Few Asset Classes: Maxco's specialization in Forex currency pairs and index products restricts the range of asset classes available for trading. This limitation may not cater to traders seeking diversified investment opportunities. Limited Deposit and Withdraw Options: The availability of limited deposit and withdrawal options may inconvenience clients, affecting the ease of managing their trading accounts and transactions. Is Maxco Futures Safe or Scam？ Maxco Futures is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI) in Malaysia. However, it is labelled as suspicious clone, investors should porceed with caution. As with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing. Market Instruments Maxco specializes in providing a focused range of market instruments, primarily centered around Forex currency pairs and index products. These instruments offer traders the opportunity to engage in currency exchange and index trading, enabling them to participate in the dynamic and globally influential Forex market as well as index trading, which tracks the performance of various stock market indices. Forex Trading The Forex segment at Maxco Futures features traditional instruments for this market, such as currency pairs. These pairs express the value of one currency in terms of another. World Indices Maxco Futures offers access to one of the widest selections of popular online futures available. They provide contracts on key benchmarks from leading index providers such as: · Index Saham JEPANG · Index Saham HONGKONG · Index Saham KOREA Account Types Demo Account: Investors can download their MT4 Demo Account and try trading the full product on a simulated account for 20 days. Institutional Account: Maxco Futures offers institutional trading services tailored for financial professionals and regulated institutions. These services include direct trading accounts, Introducing Broker opportunities for commissions and rebates, and Whitelabel Partnerships for regulated financial institutions. These partnerships provide access to Maxco's online trading platform, offering a powerful business solution and rapid entry into the online trading world. Regular Account: Regular account is designed for active traders who understand online currency trading. Accounts are available from USD 10,000 and offer access to their full range of trading products. Leverage For active traders seeking to harness the advantages of Forex trading, Maxco Futures offers a robust platform. With Maxco Futures, traders can access leverage of up to 1:100 on their trade size, amplifying their potential for profit while managing their risk effectively. What's more, the accessibility factor is enhanced, as traders can open an account with a modest initial deposit of just $1,000, making Forex trading within reach for a broader range of individuals, whether they are seasoned traders or those looking to embark on their trading journey. Maxco Futures empowers traders with the tools and opportunities to engage in the dynamic world of Forex trading while tailoring their approach to their unique financial goals and risk tolerance. Interest Rates Currency Buying Position Selling Position EUR/USD -0.015% -0.015% USD/JPY -0.02% -0.01% GBP/USD -0.0125% -0.0175% USD/CHF -0.0125% -0.0175% AUD/USD 0.005% -0.035% Certainly, the provided figures represent daily interest rates for various currency pairs at Maxco Futures. These rates can fluctuate daily, impacting the cost of holding positions in these currency pairs. Traders should stay informed about these rates, as they can affect the overall profitability of their trades. Trading Platforms Maxco Futures offers their in-house trading platform MT4. MT4 authentication relies on an a RSA 1024-bit key generated and stored on the client workstation and data traffic between MT4 and the company is encrypted using a RC4 128-bit session key. MT4 provides a highly secure trading environment using state-of-the-art encryption for communications with the company. Deposits & Withdrawals Maxco Futures accepts fund transfers through many major financial institutions around the world. However, the specific methods are not disclosed on their official website. Users should note that while Maxco Futures ensures flexibility in deposits, withdrawal of funds might be subject to commissions from the payment system. These commissions can change without prior notice as determined by the respective payment systems. Customer Service Customers can visit their office or get in touch with customer service lines using the information provided below. Additionally, customers can fill out the enquiry form to submit questions. Telephone: +62 21 720-1018 Email: cs@maxcofutures.co.id Address: Panin Bank Centre - Ground Floor Jl.Jend.Sudirman Kav-1 Senayan Jakarta Selatan 10270, Indonesia Conclusion In conclusion, Maxco Futures, with over 15 years of industry experience, offers a range of trading services focused primarily on Forex currency pairs and index products. While it may provide competitive spreads and real-time analysis tools, the lack of regulatory oversight, as indicated by its categorization as “BAPPEBTI (Suspicious Clone),” raises concerns about its credibility and compliance. Additionally, the limited diversity of asset classes, coupled with a constrained deposit and withdrawal options, may not meet the requirements of all traders. Prospective clients should exercise caution, conduct thorough due diligence, and carefully assess the associated risks before considering Maxco Futures as their trading partner. Frequently Asked Questions (FAQs) Q 1: Is Maxco Futures regulated？ A 1: Yes. It is regulated by BAPPEBTI but is labelled as a suspicious clone. Q 2: What financial services are available at Maxco Futures？ A 2: Real-time quotes, charts and analysis from in-house analysts. Q 3: Does Maxco Futures offer demo accounts？ A 3: Yes. Q 4: Can I have an account in any currency？ A 4: You can open accounts in US Dollar or Indonedia rupiah. 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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.