FXPremax review: Regulations, Trading platforms, Broker features, and User ratings.

2.188 • 9 REVIEWS
Updated: Feb 12, 2024

What is FXPremax?

FXPremax is a forex broker with MT4 top forex trading platform.

FXPremax.com offers over 60 forex currency pairs, cfds, energy, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read FXPremax Reviews below and share your live trading experiences with this broker.

May 2016-October 2018:  Multiple fake and highly suspicious positive reviews submitted for this company.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $1
Established: 2014
Address: C/O Suite 305, Grifith Corporate Centre, Beachmont, Box 1510 Kingstown, Saint Vincent And Grenadines
Contact: support@fxpremax.com, +4420 8133 3029
Regional offices:
Regulators: SVGFSA #21936IBC2014
Prohibited countries:
Trading platforms: MT4
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (65+)
Cryptocurrencies: (35+) Bitcoin, Litecoin, Ethereum
CFD: (20+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Local Bank Deposits, Neteller, OKPAY.co, Skrill, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Local Bank Deposits, Neteller, OKPAY.co, Skrill, UnionPay
* Please check broker website for more information
2.188 • 9 REVIEWS

Recent User Reviews of FXPremax

Zed Exile
Malaysia, Malaysia,
Oct 9, 2023,
Registered user

Took my 4k balance!

Service use: Live Length of use: over 1 Year
On recent transition early October from MT4 to MT7, they stop accepting any withdrawal request.

When I check my account balance today, it's ZERO. I never request full withdrawal but suddenly at their website under withdrawal tab got 2 transaction on 3rd October 2023 clean up all my balance worth 4k USD.

When email their customer support, never got a single reply.

Kajipara, Bangladesh,
Oct 11, 2018,

Happy on their live trading service.

Quick withdrawal & no requotes, I joined in FXPremax 8 months ago; before I could make irregular profit but since I join this broker I made profit consistently. By the way, I expect more tight trading spread from FXPremax. Overall, I am happy on their live trading service.
Veronica Cristiana Gomes
Pallabi, Bangladesh,
Aug 28, 2018,

such a great experience with this broker. No slippag, no requotes or anything technical error during the high voltage News session. personally I desire to get this kind of standard trading service certainty for time being.
lagos, Nigeria,
Jun 14, 2018,
Registered user

100% scam broker and 100% scam

this is a 100% unregulated and a 100% scam broker with fake reviews on the internet, do not ever try to open an account with them, as they will target your country time, when you are alseep, they will increase the spreads to over 1000 pips and make sure your account blows, if you have an ea running or open postions, i have all evidence, this is a dangours and very big scam company, you can never make a penny profit using this dangerous broker, they did it to me and my whole account wiped out , then they send me this below email ;

Re: my account 2108937583

FXPremax Finance
8:39 AM (11 minutes ago)

to me
All trades are opened from the same IP, you can see information in MT4 Journal.

Case closed.

On Thu, Jun 14, 2018 at 3:21 PM, UZOCHUKWU wrote:
no i did not open any, never, it wasnt me, it was your company that closed my trades yesterday, and i did not open any new trades, but your comany blew my account, kindly fix that and send me money, i stopped all my ea before i slept

On Thu, Jun 14, 2018 at 8:17 AM, FXPremax Finance <finance@fxpremax.com> wrote:
Dear Sir,

As your statement show, you had more than 22 opened positions, you can view your statement from MT4 by clicking on 'Terminal' up on the left corner and then click on 'Account history'.

If you had EA running or any type of script please make sure to disable Auto Trading to disable your script.

Best Regards,

On Thu, Jun 14, 2018 at 1:05 PM, UZOCHUKWU wrote:
hi good day, i had an account balance,and i woke up and saw my balance 0, also i did not have any open trades, then, i see strange activties in my balance what is this?


after contronting fxpremax of what happened to my account, the next thing, they disablled my account see below;

FXPremax | Account Deactivated

FXPremax info@fxpremax.com via amazonses.com
8:45 AM (12 minutes ago)

to me

You receive this email because FXPremax disabled your trading account.

If you think this is a mistake or if you have any other questions, please contact us at support@fxpremax.com

Best Regards,
FXPremax Customer Support

Login To Cabinet

100% SCAM BUCKET SHOP BROKER, aviod it by all means, never give them any money.
2 traders have found this review helpful
Dhaka, Bangladesh, Bangladesh,
Sep 17, 2017,

I am a news trader! So, I need clean news trading environment on high voltage news session like FOMC, NFP etc! In this case., I am very much happy on FXPremax broker, I see they are very honest on their live trading service, never faced any technical error during the major news events, even I get fixed trading spreads service here! I hope, they will keep continuing their service with such kind of trading facility.
Dhaka, Bangladesh,
Aug 3, 2017,
Registered user

A perfect bucket shop!

A perfect bucket shop out there. I had a winning position. They widened the spread 5000 points and made my winning trade to losing one. I thought something went wrong.

I had a profitable trade for 2nd time. This time, they widened the spread 9000 points once again and I suffered severe losses!

They will do each and everything to kick you out.

A pure piece of market maker.

Please stay away from the cheaters. A big scam in the industry!
1 trader has found this review helpful
Moscow , Russian Federation,
Apr 6, 2017,

Good for trading Forex

I have tried demo and real and they are okay, no trouble to use, everything is fine, Fast withdrawal, good customer support, fast cash back rebate system.
Cairo, Egypt,
Apr 25, 2015,

they are Scam ,
they cancelled all my friend's profits and ,
gave his deposit back although they never complained when we were losing .
Just Scam

2014-08-15 4Star they have good trading conditions and fast support , and many funding options , i am still with them for short time i will update my review if anything changes
1 trader has found this review helpful
Jakarta, Indonesia,
Apr 14, 2015,

Fast response, good served, easy to deposit or withdrawal, and they have live support 24H.
Riza Kharista Ramdhani
Semarang, Indonesia,
Jul 17, 2014,

FX Premax is a new broker claimed as Premax Capital Ltd.

Authorised and regulated by IFSA (Reg. number: 21936 IBC 2014)

Frequently Asked Questions

What is the maximum leverage for FX Premax?

The maximum leverage for FX Premax is 1000:1 for all available accounts.

What is the minimum deposit for FX Premax?

FX Premax doesn't require a minimum initial deposit to open an account with them.

Does FX Premax accept US clients?

No. FX Premax doesn't accept clients from the United States of America.

Is FX Premax regulated?

FX Premax claims they are registered with St. Vincent and the Grenadines Financial Services Provider (SVGFSP).

However the office  authority is "Saint Vincent and the Grenadines Financial Service Authority" (SVGFSA).

And the Saint Vincent and the Grenadines Financial Services Authority (FSA) does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.