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FX Auto Trade Max

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Operating status: SCAM

Website: https://fxautotrademax.com/

Broker violations and abnormal records
  • 2024-03-03 The OSC issues a warning against FX Auto Trade Max

    On March 4, 2024, the Ontario Securities Commission (OSC) issued a warning against FX Auto Trade Max, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/fx-auto-trade-max

    On March 4, 2024, the Ontario Securities Commission (OSC) issued a warning against FX Auto Trade Max, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/fx-auto-trade-max
  • 2024-03-11 BrokersView has reviewed that FX Auto Trade Max is an unregulated trading platform

    FX Auto Trade Max purports to be a licensed entity in the United States, providing an image of a certificate issued by the U.S. Securities and Exchange Commission (SEC) as evidence of its industry legitimacy.

    However, upon verification with the SEC, it appears that the company is not registered with this regulatory authority.

    Furthermore, despite its assertion of being operational since 2016, the domain name fxautotrademax.com was only first registered in December 2022. This discrepancy, coupled with the promise of unrealistically high returns, raises red flags for potential fraudulent activities.

    In addition, the Ontario Securities Commission (OSC) has issued a warning against FX Auto Trade Max, stating that this broker is not registered in Ontario to engage in the business of trading in securities.

    In essence, FX Auto Trade Max is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    FX Auto Trade Max appears to be a scam.

    FX Auto Trade Max purports to be a licensed entity in the United States, providing an image of a certificate issued by the U.S. Securities and Exchange Commission (SEC) as evidence of its industry legitimacy.However, upon verification with the SEC, it appears that the company is not registered with this regulatory authority.Furthermore, despite its assertion of being operational since 2016, the domain name fxautotrademax.com was only first registered in December 2022. This discrepancy, coupled with the promise of unrealistically high returns, raises red flags for potential fraudulent activities.In addition, the Ontario Securities Commission (OSC) has issued a warning against FX Auto Trade Max, stating that this broker is not registered in Ontario to engage in the business of trading in securities.In essence, FX Auto Trade Max is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.FX Auto Trade Max appears to be a scam.

Related Complaints

Q&A

Is the 10 times ROI true on FX Auto Trade Max?

Niloy
2024-04-02
ANSWER No, such an extraordinarily high ROI (return on investment) seems implausible. Investors should exercise caution when a platform promises exorbitant profits, which are often used as bait.FX Auto Trade Max showcases a certificate from the U.S. Securities and Exchange Commission (SEC) to validate its legitimacy in the industry. However, there are no corresponding records in the SEC register, indicating that the certificate it presents is counterfeit. Moreover, the company is obligated to register as a member of the National Futures Association (NFA), but it has not done so. Adding to the concerns, the Ontario Securities Commission (OSC) has issued a warning against FX Auto Trade Max, stating that this broker is not authorized to conduct securities trading business in Ontario.In light of these facts, we strongly advise against using FX Auto Trade Max, an unlicensed broker that poses significant risks. For a safer trading environment, investors are encouraged to choose fully regulated brokers.
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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.

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