Is maxco safe and legit？ Full review
maxco is an Indonesia-based broker that was established in 2021 and is regulated by two Indonesian authorities, BAPPEBTI and the Jakarta Futures Exchange. It holds an AAA rating for its trading environment, supported by a Perfect rating for its MT4 platform with full license authorization. The broker keeps its account offering simple with a single Real account type, offering maximum leverage of 1:500 and support for hedging, scalping, and EA trading. Customer service is available in 5 languages, including English, and is reachable by phone, email, and social channels, though response times can be lengthy. Its influence rating is C, with the strongest presence in Indonesia and Turkey.
Regulatory Compliance and Security
maxco operates under the oversight of two Indonesian regulators, both of which show a regulated status with the broker's safety level assessed at Level 1.
Account Type
maxco offers 1 account type:
All accounts support lock-up positions, scalping, and EA trading.
Trading Environment
maxco has a trading environment rating of AAA (Perfect), with the specific breakdown indicators as follows:
Speed Details:
- Fastest speed: 328.0 ms (opening 359.0 / closing 297.0)
- Slowest speed: 1125.0 ms (opening 922.0 / closing 1125.0)
Cost Details:
- Gold (XAU): Average cost 3.19 USD/lot (Rating: Perfect)
- Crude Oil (WH): Average cost 0.0 USD/lot
Swap Details:
- Crude Oil Long: -2.38 USD/Lot / Short: 0.78 USD/Lot
- Gold Long: -4.16 USD/Lot / Short: 1.8 USD/Lot
Test Data: 282 users participated in the test, with a total of 1,568 transactions and occupied margin of $198,345 USD. It ranks 7th among 109 brokers in the comprehensive ranking.
Trading software
maxco uses the MT4 trading platform, which carries a full license authorization and an experience rating of Perfect. The review notes that the platform has a good search function and clear expense reports, but lacks two-step login and biometric authentication.
MT4 Server Distribution:
- Maxco-Real (Indonesia)
- Maxco-Demo (Indonesia)
No dedicated applications for iOS, Android, Windows, macOS, web, or other systems are offered.
Customer Service
maxco's customer service supports 5 languages and covers 1 service region. You can reach them by phone, email, and social platforms for answers to most inquiries; however, response times may be lengthy.
Influence
The influence of maxco is mainly distributed in Indonesia and Turkey, with an average influence index of 4.95 and an overall rating of C.
2-5 years
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