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Max Gains Blue FX

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Operating status: SCAM

Website: https://www.maxgainsbluefx.com/

Broker violations and abnormal records
  • 2023-08-16 The UK FCA issues a warning against Max Gains Blue FX

    On August 17, 2023, the Financial Conduct Authority (FCA) issued a warning against Max Gains Blue FX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/max-gains-blue-fx

    On August 17, 2023, the Financial Conduct Authority (FCA) issued a warning against Max Gains Blue FX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/max-gains-blue-fx
  • 2023-08-20 BrokersView has reviewed that Max Gains Blue FX is an unregulated broker

    Max Gains Blue FX marks itself as a leading platform in the United States offering binary options, Forex and spreads and claims to be regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, its claim is unfounded.

    If it were regulated by the CFTC, it must have been registered as a member of the National Futures Association (NFA). However, the search results out of the NFA reveal that it is not an NFA member. This is a red flag.

    We also searched the registers of the Belize FSC and the CySEC for this broker but no official data matching the fake platform either.

    What's more, the Financial Conduct Authority (FCA) has issued a warning against Max Gains Blue FX, saying it is an unauthorized firm.

    In essence, Max Gains Blue FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Max Gains Blue FX marks itself as a leading platform in the United States offering binary options, Forex and spreads and claims to be regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, its claim is unfounded.If it were regulated by the CFTC, it must have been registered as a member of the National Futures Association (NFA). However, the search results out of the NFA reveal that it is not an NFA member. This is a red flag.We also searched the registers of the Belize FSC and the CySEC for this broker but no official data matching the fake platform either.What's more, the Financial Conduct Authority (FCA) has issued a warning against Max Gains Blue FX, saying it is an unauthorized firm.In essence, Max Gains Blue FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

I think Max Gains Blue FX is a scam. Did it ever be warned??

Tatiana Marsura
Jamaica
2023-09-18
ANSWER Yes, Max Gains Blue FX is a scam and has been warned by the Financial Conduct Authority (FCA), the UK financial watchdog.Max Gains Blue FX is a platform, allegedly domiciled in the US, that claims to offer binary options, Forex, and spreads. It purports to be regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, these claims are unfounded. If it were regulated by the CFTC, it would have been registered as a member of the National Futures Association (NFA). But the search results out of the NFA reveal that it is not an NFA member. This is a red flag. We also searched the registers of the Belize FSC and the CySEC for this broker but no official data matching the fake platform either. What's more, the FCA has issued a warning against Max Gains Blue FX, stating that it is an unauthorized firm. The full warning can be accessed here.Therefore, BrokersView strongly suggests investors stay away from scam broker Max Gains Blue FX. Entrusting the platform with funds and personal information is dangerous, as there are no rules in place to safeguard them. If any violation occurs, its clients may not able to reclaim their money or get compensation from any official body. As such, it is advisable to choose a fully regulated broker instead.
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