Maxus Market Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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This is the fastest withdrawal trading software I've used in years, and it's convenience has made me fall in love...
Maxus Market has garnered significant attention in the online trading community, primarily due to its questionable legitimacy. This review compiles insights from various sources, revealing a predominantly negative outlook on the broker, characterized by claims of fraudulent practices and a lack of regulatory oversight. Key findings indicate that while Maxus Market presents itself as a credible platform, its operational history and regulatory claims raise serious red flags.
Note: It's important to consider that the broker operates under different entities across regions, which can complicate regulatory assessments. This review aims to provide a fair and accurate overview based on the latest available information.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
We rate brokers based on a combination of user feedback, expert analysis, and factual data.
Maxus Market claims to have been established in 2011, although domain registration records indicate that its website was only registered in July 2023, raising questions about its operational history (TraderKnows). The broker offers trading through the MetaTrader 5 platform and claims to provide access to various asset classes, including forex, commodities, and cryptocurrencies. However, it lacks regulation from reputable financial authorities, which is a significant concern for potential investors.
Maxus Market claims to be regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) under an MSB registration. However, this registration does not pertain to trading activities but rather to money transfer services, which is misleading (BrokersView). Additionally, there is no evidence of regulation by any other credible authority, making it a high-risk platform for traders.
The broker allows for deposits and withdrawals in various currencies, including cryptocurrencies. The minimum deposit requirement is reported to be as low as $10, which may attract new traders. However, users have reported difficulties in withdrawing funds, often citing delays and lack of communication from customer service (TraderKnows).
Maxus Market offers spreads starting from 0 pips, which may seem attractive at first glance. However, users should be wary of hidden fees that could apply to withdrawals and other transactions. According to various reviews, the broker's fee structure lacks transparency, which can lead to unexpected costs (Wikifx).
The platform provides leverage of up to 1:500, which can amplify both potential gains and losses. High leverage can be appealing for experienced traders, but it also increases the risk of significant losses, especially in an unregulated environment (WikiFX).
Maxus Market primarily utilizes the MetaTrader 5 platform, known for its advanced charting tools and user-friendly interface. While MT5 is a reputable trading platform, concerns have been raised about the potential manipulation of profit and loss data by the broker (TraderKnows).
Customer support is another area where Maxus Market falls short. Users have reported difficulties in reaching the support team, with many citing unresponsive email communication and a lack of live chat options. This has led to frustration among users, especially when urgent issues arise (Wikifx).
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
In summary, the Maxus Market review indicates a broker fraught with issues, primarily concerning its legitimacy and operational practices. The lack of regulation, combined with reports of withdrawal difficulties and poor customer service, paints a concerning picture for potential investors. It is advisable to exercise extreme caution and conduct thorough research before engaging with this broker to safeguard your investments.
