Viewmaxfx Forex Broker

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 contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No regulation Market Instrument Forex, metals, energy, indices and cryptocurrencies Account Type Standard, Pro and Raw Demo Account yes Maximum Leverage 1:500 Spread Standard: from 1 pip, Pro: from 0.5 pips, Raw: from 0 pips Commission Standard: 0, Pro: $3.5 per side, Raw: $2.5 per side Trading Platform MT5 for Windows, Mac, Android and iOS Minimum Deposit $10 Deposit & Withdrawal Method Visa, MasterCard, Maestro, Skrill, Neteller, Webmoney, Bank Transfers, Local Transfers and LOAD Viewmaxfx, a trading name of VIEWMAXFX LLC, is allegedly a multi-asset broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0 pips on the MT5 trading platform via three different live account types, as well as 24/7 dedicated multilingual customer support. Here is the home page of this brokers official site: As for regulation, it has been verified that Viewmaxfx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.18/10. Please be aware of the risk. Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments Viewmaxfx advertises that it offers access to more than 250 trading instruments, including forex, metals, energy, indices and cryptocurrencies. Account Types Apart from demo accounts, Viewmaxfx claims to offer three types of trading accounts, namely Standard, Pro and Raw, with minimum initial deposit requirements of $10, $100 and $5,000 respectively. Leverage The leverage provided by Viewmaxfx is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions All spreads with Viewmaxfx are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1 pip on the Standard account, 0.5 pips on the Pro account and 0 pips on the Raw account. As for the commission, there is no commission on the Standard account, while the Pro and Raw account holders have to pay a commission of $3.5 and $2.5 per side respectively. Trading Platform Available The platform available for trading at Viewmaxfx is one of the most notable and preferred trading platforms the market offers - MT5 for Windows, Mac, Android and iOS. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal The minimum initial deposit requirement with Viewmaxfx is said to be just $10. From the logos shown at the foot of the home page on Viewmaxfxs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Maestro, Skrill, Neteller, Webmoney, Bank Transfers, Local Transfers and LOAD. Customer Support Viewmaxfx‘s customer support can be reached by email: support@viewmaxfx.com or send messages online to get in touch. Company address: Suit 305, Griffith Corporate Centre Beachmont, P.O.Box 1510, Kingstown St. Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer. Pros & Cons Pros Cons • Multiple tradable assets and payment methods offered • No regulation • Demo accounts available • Commission charged on the Pro and Raw accounts • Low minimum deposit ($10) • MT5 supported Frequently Asked Questions (FAQs) Q 1: Is Viewmaxfx regulated？ A 1: No. It has been verified that Viewmaxfx currently has no valid regulation. Q 2: At Viewmaxfx, are there any regional restrictions for traders？ A 2: Yes. Viewmaxfx does not accept clients from the following jurisdictions: USA, Iran, Cuba, Sudan, Syria, Afghanistan and North Korea. Q 3: Does Viewmaxfx offer demo accounts？ A 3: Yes. Q 4: Does Viewmaxfx offer the industry-standard MT4 & MT5？ A 4: Yes. Viewmaxfx supports MT5. Q 5: What is the minimum deposit for Viewmaxfx？ A 5: The minimum initial deposit with Viewmaxfx to open an account is only $10. Q 6: Is Viewmaxfx a good broker for beginners？ A 6: No. Viewmaxfx is not a good choice for beginners. Though it advertises very well, never forget the truth that it is unregulated.