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FinmaxFX

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Operating status: SCAM

Website: https://finmaxfx.com

Broker violations and abnormal records
  • 2020-10-04 The Spanish regulator CNMV added FinmaxFX into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=FinmaxFX
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=FinmaxFX
  • 2020-10-04 BrokersView has reviewed that FinmaxFX is an unregulated broker

    FinmaxFX's website is currently unavailable. The page suggests that it does not exist. This is a significant scam indicator, as a properly functioning website is necessary for a broker to display information and facilitate trading.

    What's more, the Spanish National Securities Market Commission (CNMV) has added FinmaxFX to its warning list for unlicensed investment activities.

    In summary, FinmaxFX is an unlicensed broker. Please stay away from this brand.

    FinmaxFX's website is currently unavailable. The page suggests that it does not exist. This is a significant scam indicator, as a properly functioning website is necessary for a broker to display information and facilitate trading.What's more, the Spanish National Securities Market Commission (CNMV) has added FinmaxFX to its warning list for unlicensed investment activities.In summary, FinmaxFX is an unlicensed broker. Please stay away from this brand.

Related Complaints

Q&A Complaints

How long can I receive my money after withdrawl on FinmaxFX?

Denis Chrysostomou
Romania
2023-12-04
ANSWER Our investigation suggests that FinmaxFX is an unlicensed trading platform that carries significant risks. Its website is currently unavailable. If you encounter solicitations from this brand, we advise you to avoid it immediately to prevent falling victim to fraud and identity theft.In addition, the Spanish National Securities Market Commission (CNMV) has added FinmaxFX to its warning list for conducting unlicensed investment activities. This further indicates that this trading platform cannot be trusted.Without oversight, there is nothing in place to ensure a platform's regulatory compliance. It is advisable to steer clear of unlicensed trading platforms and choose only fully regulated ones to mitigate trading risks.
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15 comments

Kagiso Licenji
Heartless Lots. They made me cry for my own money until i came across pièrsleyserve who forced my capital out of their hands.
2023-09-15
Reply
Sophia William
FinmaxFX Scam Platform's platform is designed to cheat traders. Trades are manipulated, and there's no transparency in their pricing.
2023-09-15
Reply
Bolaji Koliokostas
I experienced significant slippage on all my trades with FinmaxFX Scam Platform, making it impossible to profit and exposing their fraudulent practices.
2023-09-13
Reply
Nour Connor
Steep platform, orders fly, minimal sliding. The yield is also good. At times, of course, it falls, but everything depends on the market, I understand that.
2023-09-12
Reply
Gabriel Farzaneniya
My trading account got drained today due to the bugs. There is no way to contact their customer support. They did not response to my mails. I kept calling them since last week to inform about it but they never made any actions. This broker is not secure because they don't provide security for trading accounts. Large spreads, reduced trading times, killer rollover, and not good charting & reliable trading software.
2023-09-08
Reply
Angelos Squillacioti
Their service is terrible. I can't withdraw my money. Because they claim that my trading is infringing. And there are no updates yet. The money has been deducted and verified. but haven't paid yet I had to follow up via email for several days but no response.
2023-09-06
Reply
Andrew Danawala
It was very much unlikely with the brokers I previously used. This is my first withdrawal from FinmaxFX. Hope the journey with the broken down the road will stay well.
2023-08-31
Reply
Ashiq Wong
SUMMARY: IF YOU WANT A BROKER TO PUT YOUR MONEY IN, AND NOT HAVE ANYONE TO REACH OUT TO WHEN THERE ARE PROBLEMS, THEN FinmaxFX IS THE BROKER FOR YOU, IF NOT STAY AWAY.
2023-08-31
Reply
Patrick HAJHAMOU
The educational resources on FinmaxFX Scam Platform are meant to deceive traders into believing they can succeed, but it's all a ploy to take your money.
2023-08-29
Reply
Ricardo Maskine
Withdrawals from FinmaxFX Scam Platform are a nightmare. They come up with endless excuses to delay payments and keep your money locked up.
2023-08-23
Reply

1-10 of 15 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.