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SAFUMAX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.safumax.com/application.php, about the company's legal and temporary regulatory information, the company's address 6c Morrin Road SainT Johns Auckland.

SAFUMAX Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
SAFUMAX GROUP LIMITED
Abbreviation
SAFUMAX
Company employee
--
Customer Service Email Address
cs@safumax.com
Contact Number
85251283808
Company address
6c Morrin Road SainT Johns Auckland
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
New Zealand Financial Service Corporate Revoked
Australia Appointed Representative(AR) Revoked
Suspicious Overrun
High potential risk

Company profile

Note: SAFUMAX's official website: https://www.safumax.com/ is currently inaccessible normally.SAFUMAX Review SummaryFounded2015Registered Country/RegionChina Hong KongRegulationFSPR (Revoked)Market InstrumentsForex, Indices, Commodities, and Digital CurrenciesDemo Account/LeverageUp to 1:100Spread6 pipsTrading PlatformsMT4Minimum Deposit/Customer SupportPhone: 85251283808Email: cs@safumax.comAddress: 6c Morrin Road SainT Johns Auckland Registered in 2015, SAFUMAX is an unregulated brokerage company based in Hong Kong. It claims to offer Forex, Indices, Commodities, and Digital Currencies. However, its license has already been revoked.Pros and ConsProsCons/Non-functional websiteRevoked licenseLack of transparencyLimited info on trading feesIs SAFUMAX Legit? At present, SAFUMAX's license under the Financial Service Providers Register (FSPR) has been revoked. Its domain was registered on Oct 28, 2015, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.What Can I Trade on SAFUMAX? SAFUMAX claims to offer Forex, Indices, Commodities, and Digital Currencies.Tradable InstrumentsSupportedForex✔CFDs❌Commodities✔Indices✔Cryptocurrencies✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type/Leverage/Spread SAFUMAX only provides a single account type.Trading AccountMin. DepositMax. LeverageSpreadStandard/1:1006 pips, fixed + $50 /lotTrading Platform SAFUMAX claims to provide MT4 platform.

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Latest Reviews

dygyduieyh

dygyduieyh

Colombia

As a user of SAFUMAX, I have mixed feelings. I must acknowledge their trading system is highly intuitive and user-friendly. However, I was left disappointed when my successful trades were revoked the next day on the grounds of being labeled as 'abnormal'. This situation resulted in my account balance going into negative. Though the platform provides all the necessary tools, this incident has raised concerns about its reliability. How can a platform be trusted when it shrinks responsibility like this? I worry about investing more time and resources into SAFUMAX.

37130

2023-12-19

FX2883727290

FX2883727290

Hong Kong

It has been for the better part of a month. The customer service said the withdrawals are disabled now because of system upgrade. I wonder that the transfers should be suspended because of the system upgrade?

Exposure

2020-11-27

FX3637562261

FX3637562261

Hong Kong

XAU/USD slumped by $115 on the evening of October 9. The trader opened sell with stop limit. Each order was sold at the stop limit price. And we can trade normally at that night in SAFUMAX. While SAFUMAX revoked all the orders on the grounds of abnormal trade the nest afternoon, resulting that traders' accounts became negative. How can we trust such platform which shinks responsibility? We can't make money.

Exposure

2020-11-11

SAFUMAX Forex Broker has an overall rating of 1.59, Regulatory Index 0.00, License Index 0.00, Business Index 7.62, Software Index 4.00 Risk Control Index 0.00.