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Max FX Traders

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Operating status: SCAM

Website: http://www.maxfxtraders.com/

Broker violations and abnormal records
  • 2023-09-03 BrokersView has Reviewed that Max FX Traders is an Unregulated Broker

    According to its website, Max FX Traders is located in New York. However there is no matching information was found in the National Futures Association (NFA).

    The truth is that Max FX Traders is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, Max FX Traders is a scam.

    According to its website, Max FX Traders is located in New York. However there is no matching information was found in the National Futures Association (NFA).The truth is that Max FX Traders is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Max FX Traders is a scam.

Related Complaints

Q&A

Where can I find the regulation information of Max FX Traders?

Cannon Zhirovakhina
Grevenmacher
2023-10-10
ANSWER Since Max FX Traders claims that it is located in the US, it is mandatory to be registered as a member of the National Futures Association (NFA). So you can check registrations in the BASIC of NFA. However, our search for Max FX Traders didn't return matching results, suggesting that it doesn't comply with US regulations.On its website, Max FX Traders displays unknown awards and raving testimonials to build trust. However, without regulatory oversight, all of these are meaningless and easy to fake. Investors should remain skeptical of such claims. This broker purports that its team was built in 2010 but its domain "maxfxtraders.com" was first registered in February 2022. Investors must be aware that it is a scam when the website's age doesn't match its claim.Therefore, we strongly suggest traders stay away from unregulated broker Max FX Traders. Entrusting it with funds and personal information is highly risky, as there are no rules in place to prevent fraud and identity theft. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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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.