MaximusFX is a forex broker that provides online brokerage and consulting services. The clients of MaximusFX have direct access to the global financial markets and a variety of assets, including CFD, forex, commodities, primary products, equities, indices, and futures, using the intuitive MT4 trading platform. The broker provides traders with educational resources and a client support team to aid their trading.
MaximusFX Review, Pros & Cons
- Over 200 trading instruments
- The MetaTrader 4 trading platform
- A range of trading tools
- Educational resources
- Unregulated broker
- Located offshore
- No USA clients
- Limited account funding options
- Not the tightest spreads
- Not the lowest commissions
- No FIX API for DMA
In this detailed MaximusFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Based in Saint Vincent and the Grenadines, MaximusFX is an online financial services provider that offers over 200 trading instruments for online trading via the sophisticated MetaTrader 4 trading platform. They offer multiple account options with competitive trading conditions, including spreads starting from 0.01 pips and leverage of up to 1:1000.
Maximus FX is registered in Saint Vincent and the Grenadines under the number 21567 IBC 2013 to provide foreign exchange services. However, there is no regulatory information on the broker’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations.
Some MaximusFX features and products mentioned within this MaximusFX review may not be available to traders from certain countries because of legal restrictions.
At MaximusFX, you are provided with the MetaTrader 4 trading platform – one of the most popular trading platforms in the world, as well as some innovative solutions. The MT4 trading platform has the following basic features:
- Direct access to trade Forex, Stocks, Futures, Commodities and Spot metals
- Fixed and variable spreads
- Leverage up to 1000:1
- Compatible with trading robots
- Capable of back-testing expert advisors
- Negative balance protection
The broker makes the platform available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile trading app that is compatible with Android and iOS devices.
MaximusFX Trading Tools
In addition to the trading tools built into the MT4 platform, traders also benefit from some standalone trading tools, such as Economic Calendar, Analytical tools, and others.
The ‘Education’ section of the broker’s website contains a selection of educational resources, including demo trading, glossary, articles, news, and more.
The broker offers multiple trading products, including CFD, forex, commodities, equities, indices, and futures, for online trading.
MaximusFX Accounts & Fees
MaximusFX offers a wide range of account types to cater to every trader’s needs: Mini ($200), Standard ($1,000), and VIP ($25,000). Islamic accounts are available upon request, while demo accounts are provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this MaximusFX review. It is imperative to ensure that you check and understand all of the latest information before you open a MaximusFX broker account for online trading.
MaximusFX support team provides professional assistance to clients 24/5, and they can be reached via email, online chat, or the Call Back option.
MaximusFX Deposit & Withdrawal
MaximusFX accepts the following payment methods:
- Bank wire transfer
- Credit/Debit Cards
- Electronic Payment Processors.
MaximusFX Account Opening
The broker gives potential clients the opportunity to open a trading account with them when they click on the ‘Open Live Account’ tab. On doing that, the prospective clients can then fill the displayed form and submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
In brief, MaximusFX is an online trading broker that is based in Saint Vincent and the Grenadines and gives traders access to global financial markets by providing them with a range of sophisticated trading platforms, trading tools, and a selection of educational resources for trading different financial assets. There are multiple account options to suit all levels of traders. The broker believes in every client’s achievement, thus personal attention, flexibility, and time are granted to all clients.
Trading leveraged products can involve a high level of risk to your capital. Forex and CFDs, which are traded on margin, can both bring you benefits and losses. You should not risk more than you can afford to lose. Before you start trading you should ensure that you understand the level of risks involved.