MaxGlobalFx Forex Broker

Note: MaxGlobalFxs official website: https://maxglobal-asia.com/ is currently inaccessible normally.MaxGlobalFx Review SummaryFounded2019Registered Country/RegionSaint Vincent and the Grenadines|RegulationNot regulatedMarket Instruments35+ currency pairs, 4 cryptocurrencies, 25+ CFDs (gold, silver, oil, stocks, stock indices, commodities)Demo Account/LeverageUp to 1:500SpreadEUR/USD: From 1.1 pipsTrading PlatformMetaTrader 4 (MT4)Min Deposit$1Customer Support(+1) 6613102107admin@maxglobalfx.comMaxGlobalFx Information Founded in 2019, MaxGlobalFx is based in Saint Vincent and the Grenadines. Because it is unregulated, traders may be at danger. Through the MT4 platform, the broker offers a variety of trading instruments, such as FX, CFDs, and cryptocurrencies.Pros and ConsPros Cons Low minimum deposit starting at $1Not regulatedAccess to 35+ currency pairs and CFDsLimited information about feesSupports MT4 for desktop and mobile tradingLimited cryptocurrency optionsIs MaxGlobalFx Legit? It has been verified that MaxGlobalFx currently holds no valid regulation, increasing the risk for potential traders or investors. The domain maxglobalfx.com was registered on May 30, 2016, with a stated expiration date of May 30, 2025.What Can I Trade on MaxGlobalFx? By providing access to a wide range of tradable instruments, MaxGlobalFx enables traders to diversify their holdings.Tradable Instruments Supported Forex✔Commodities✔Cryptocurrencies✔CFDs✔Indices✔Stocks✔ETFs❌Account Types Three active account kinds are available from MaxGlobalFx: MICRO, MINI, and STANDARD. There is no specific mention of demo or Islamic accounts.FeatureMICROMINISTANDARDMinimum Deposit$1$10$100LeverageUp to 1:500Up to 1:500Up to 1:500CommissionNoneNoneNoneSpread TypeVariableVariableVariableSuitable forBeginnersIntermediateAdvanced tradersLeverage With leverage of up to 1:500, MaxGlobalFx allows traders to manage larger bets with less money. This raises the possibility of suffering large losses even while it can improve earnings.Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersMT4✔Desktop, iOS, AndroidAdvanced traders, automated and manual tradingDeposit and Withdrawal No clear details on deposit or withdrawal fees. Depending on the kind of account, the minimum deposit starts at $1. Deposit OptionsDeposit Options Min. DepositFees Processing Time Bank Transfer$1None1-3 Business DaysVISA/MasterCard$1NoneInstantBitcoin$1NoneVaries Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Bank TransferNot specifiedNone1-3 Business DaysVISA/MasterCardNot specifiedNoneInstantBitcoinNot specifiedNoneVaries