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Maxtra Markets

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Operating status: SCAM

Website: https://maxtramarkets.com/

Broker violations and abnormal records
  • 2024-04-18 BrokersView has reviewed that Maxtra Markets is an unregulated broker

    Maxtra Markets claims to hold licenses from two financial regulators. However, our checks with the relevant authorities indicate that its regulatory claims are entirely unfounded.

    The firm alleges to be licensed by the Vanuatu Financial Services Commission (VFSC) under the number 700662. Yet, neither the supposed number nor the name "Maxtra" can be found on the VFSC register. A similar situation arises with the claimed registration with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA).

    Additionally, the website content is presented in Thai, and the entity claims to be based in Bangkok, Thailand. Despite this, it fails to provide any substantiating evidence of its legitimacy in the country, suggesting potential non-compliance with relevant regulations.

    In essence, Maxtra Markets 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.

    Maxtra Markets appears to be a scam.

    Maxtra Markets claims to hold licenses from two financial regulators. However, our checks with the relevant authorities indicate that its regulatory claims are entirely unfounded.The firm alleges to be licensed by the Vanuatu Financial Services Commission (VFSC) under the number 700662. Yet, neither the supposed number nor the name "Maxtra" can be found on the VFSC register. A similar situation arises with the claimed registration with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA).Additionally, the website content is presented in Thai, and the entity claims to be based in Bangkok, Thailand. Despite this, it fails to provide any substantiating evidence of its legitimacy in the country, suggesting potential non-compliance with relevant regulations.In essence, Maxtra Markets 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.Maxtra Markets appears to be a scam.

Related Complaints

Q&A Complaints

Is Maxtra Markets really swap-free?

Maximillian
United Arab Emirates
2024-04-23
ANSWER We strongly advise against the use of Maxtra Markets, an unlicensed trading platform.The licensing information that the platform purports to have is entirely unfounded. Our checks with the relevant financial regulators have uncovered no proof of its legitimacy. This broker is deceitful, providing counterfeit regulatory information to defraud unsuspecting investors.Thus, the intention of Maxtra Markets to defraud investors of their money is laid bare. Investors should be aware of its fraudulent nature and avoid it. For a safer trading environment, choosing fully regulated brokers is recommended.
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