Maximus Markets is a Contract for Difference (CFD) broker established on August 27, 2013, in Saint Vincent and the Grenadines, primarily offering CFD trading services to investors. This broker does not provide services to jurisdictions where it might violate local laws or regulations, including but not limited to the United States, Cuba, Sudan, Syria, and North Korea.
Company Registration Information and Regulatory Status:
According to the official information on Maximus Markets' website, it is registered in Saint Vincent and the Grenadines as Maximus Markets Limited, with the specific registered address being Suite 305, Griffith Corporate Centre, Beachmont, PO Box 1510, Kingstown, Saint Vincent and the Grenadines, and the company registration number being 21567. The domain name of this broker's official website was registered on September 26, 2015, as revealed by Whois information.
Upon verification, the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) has a company named Maximus Markets Limited, with the registration number of 21567. However, SVGFSA does not “regulate, monitor, supervise, or license” business companies (BC) engaged in forex trading or brokerage activities. Its regulatory scope is limited to ensuring that BCs comply with the obligations stipulated under Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, the Business Companies (Amendment and Consolidation) Act, 2009,
Therefore, there is no effective regulation for the financial derivatives trading business operated by this broker.
Account Opening:
To open an account with Maximus Markets: navigate to the broker's official website, click on “Apply for Bonus today” on the homepage or “Open account” at the top right corner of the webpage, enter personal information such as name, email address, phone number, and set a login password then submit. After submission, the account will be successfully registered.
Types of Accounts:
Maximus Markets offers four different types of real trading accounts: Mini account, Standard account, Vip account, Islamic account.
Mini account:
- Base currency: USD
- Trading platform: MT4
- Minimum deposit: $200
- Spreads: From 1.7 pips
- Trading commission: $0
- Maximum leverage: 1:1000
- Trading instruments: CFDs, metals, cryptocurrencies
- Margin Call / Stop Out level: 100% / 60%
- Swap: Supported
- Minimum trade volume: 0.01 lots
Standard account:
- Base currency: USD
- Trading platform: MT4
- Minimum deposit: $1000
- Spreads: From 1.2 pips
- Trading commission: $0
- Maximum leverage: 1:500
- Trading instruments: CFDs, metals, indices, stocks, cryptocurrencies, oil
- Margin Call / Stop Out level: 80% / 40%
- Swap: Supported
- Minimum trade volume: 0.01 lots
Vip account:
- Base currency: USD
- Trading platform: MT4
- Minimum deposit: $25000
- Spreads: From 0 pips
- Trading commission: $8 per standard lot
- Maximum leverage: 1:100
- Trading instruments: CFDs, metals, indices, stocks, cryptocurrencies, oil
- Margin Call / Stop Out level: 60% / 40%
- Swap: Supported
- Minimum trade volume: 0.01 lots
Islamic account:
- Base currency: USD
- Trading platform: MT4
- Minimum deposit: $1000
- Spreads: Floating
- Trading commission: $0
- Maximum leverage: 1:500
- Trading instruments: CFDs, metals, indices, stocks, cryptocurrencies, oil
- Margin Call / Stop Out level: 80% / 50%
- Swap: Supported
- Minimum trade volume: 0.01 lots
Trading Platform:
Maximus Markets offers the MT4 trading platform to its users.
Deposits and Withdrawals:
Maximus Markets supports deposits and withdrawals through credit/debit cards, bank transfers, and e-wallets among other methods.
Conclusion:
Traderknows reminds investors that Maximus Markets is an unregulated forex broker. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
