Maxtra is a Forex broker whose official website domain was registered on February 12, 2024. It mainly provides investors with financial derivative trading services such as Forex, stocks, futures, energy, precious metals, cryptocurrencies, etc. The address of its headquarters is unknown. This broker does not provide services to jurisdictions where it may violate local laws or regulations, such as North Korea, Israel, China, Vanuatu, and Cuba.
Company Registration Information and Regulatory Status:
According to publicly available information on Maxtra's official website, its headquarters are located in New York, USA. The company is registered with the United States Financial Crimes Enforcement Network (FinCEN), with the MSB number 31000263262302. The broker is also registered with the National Futures Association (NFA) in the United States, with an NFA ID of 0561418.
Upon verification, the National Futures Association (NFA) lists the number 0561418 as corresponding to the registered entity SMART GLOBAL, which is a non-member registration unit and is not regulated by the NFA. The Financial Crimes Enforcement Network (FinCEN) lists the MSB number 31000263262302 as registered to the same entity SMART GLOBAL, but FinCEN does not provide regulation for financial derivative trading.
Moreover, brokers Smart Global, Diamond Road, LonRoad Limited, and Booc all claim on their official websites that their MSB number is 31000263262302 and NFA ID is 0561418, and their website content and design are identical to each other.
Opening an Account:
To open an account with Maxtra: Visit the broker's official website, click "Register" on the homepage or the top-right corner of the page to enter the account registration page, fill in your email address, set a password, and submit. Once the application is submitted, the account can be successfully registered.
Trading Account Information:
Maxtra's official website only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes. Details such as account types, trading commissions, minimum/maximum trading volumes, maximum positions/orders, and minimum price precision are not published.
- Spreads: Floating, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
Maxtra offers users the MaxtraST5 trading platform.
Deposits and Withdrawals:
Maxtra has not explicitly disclosed the supported deposit and withdrawal methods, fees, or minimum amounts on its official website.
Summary:
Traderknows reminds investors that Maxtra is a forex scam website with opaque registration and regulatory information, and suspected of false advertising. It can only be contacted via email, with extremely limited contact information. The website design and content are identical to those of other brokers such as Smart Global, Diamond Road, LonRoad Limited, Booc, CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, and GYG INVESTMENT LTD, using the same template. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
The broker is currently marked as "suspected of fraud" on Traderknows.
