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

1.844 • 30 REVIEWS
Updated: Feb 15, 2024
MaximusFX.com

What is MaximusFX?

MaximusFX is a forex broker offering the MT4 and MT Mobile forex trading top platforms.

MaximusFX.com offers over 35 forex currency pairs, shares, futures, commodities, cfds, gold and silver for your personal investment and trading options.

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

May 2017:  There is an FPA Traders Court guilty vote against this company. The FPA recommends caution dealing with MaximusFx unless this issue can be resolved.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $200
Established: 2013
Address: Cedar Hill Crest, Villa, Kingstown, 0100 , Saint Vincent And Grenadines
Contact: support@MaximusFX.com, +44 20 32874194
Regional offices:
Regulators: SVGFSA #21567 IBC 2013
Prohibited countries:
Trading platforms: MT4, WebTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (35+)
Cryptocurrencies:
CFD: (40+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

Scalping: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Moneynetint, Neteller, Skrill, UnionPay, WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Moneynetint, Neteller, Skrill, UnionPay
* Please check broker website for more information
1.844 • 30 REVIEWS

Recent User Reviews of MaximusFX

N
Nathan Orest
KL, Malaysia,
Jan 24, 2018,
Registered user

Good company and care about Clients (I work and spam for MaximusFx!)

I have started Real trading with this company in August, have nothing more than positive mood, main delay on Withdrawal was only because of my documents, first i was complaining but than i understand - if they require proper documents - they might report to regulators about theirs clients,
so i feel safe with them now, and i will recommend this company to my friends.
Forex Peace Army
Review moderation team note
5 Star rating removed.

This is another account created from same location as the account of MaximusFx's representative at the FPA.  This is another time one of these accounts was used to leave a "client" review.

Per FPA policy, the rating on this review has been set to Zero stars.

The FPA doesn't appreciate review spammers.
E
Elchapo
No.1 ogundare street ikorodu Lagos, Nigeria,
Jul 22, 2021,
Registered user

I’m having problems with withdrawal

Service use: Live Length of use: 0-3 Months
The spread is not even it, I deposited without verification so now I want to withdraw urgently and I did my verification haven’t gotten a reply for over 24 hours and I have not even withdrawn and I need to withdraw as soon as possible a matter of life and death
E
Reply by MaximusFX submitted Aug 13, 2021:

Hello Elchapo,

Kindly provide us with your trading account number so that we can evaluate legitimacy of your request.
Your name Elchapo does not exist in our data base and we don't have any pending withdrawals in the system.
Withdrawal is executed within 2 to 48 hours depending on the payment system.
Our support team is on duty 24/5. Each of our client has personal service manager to swiftly assist with client requests.
Please contact your personal account manager or support team, support@maximusfx.com to assist you.
F
Forex Maven
Accra, Ghana,
Feb 15, 2020,
Registered user

Very very poor customer service & delivery.

Service use: Live Length of use: 0-3 Months
For me the most important thing I look out with every forex broker is withdrawals & live support, once there are difficulties withdrawing your deposited funds or profits then that broker cannot be trusted. Also, so long as you can have timely or prompt response from your broker during working hours then they're not worth being entrusted with your funds. It hasn't been a pleasant experience with this broker from the onset. I opened a trading account with them because they were recommended by a forex education organization I'm a part of. I've successfully operated other trading accounts with two other brokers but this broker suspended my trading account for close to 3 weeks with the excuse that my account wasn't verified (I supplied them all needed documents during account opening & they confirmed my trading account was verified so that account even before I funded my account.)
After a couple of emails, the account was unblocked & I decided to withdraw my funds. Its been several weeks now & withdrawal hasn't been successful. Note, I've successfully withdrawn twice already with my other brokers. And the annoying thing too is they rarely reply your emails on time.
F
Reply by MaximusFX submitted Jun 9, 2020:
Hello Forex Maven,
We will appreciate it if you can provide your MaximusFX trading account details so as to investigate the issue you described earlier.
As per the company internal policy and regulations, we strictly follow KYC, AML norms.
In regards to KYC (Know your client) and Money Laundry Act, it is requested by our compliance that we ask all our clients to provide genuine documents (a valid identification document and Proof of address), failure for a client to provide authentic documents, will mean that our Compliance Department won’t honor any activity of the account, until such documents are provided, which we probably believe is the issue you might be facing. Client is given by compliance a reasonable amount of time to provide alternative copies of good quality and in course of the time, we receive no response from client, the account will be closed and funds returned to original source. This requirement is compulsory that every forex broker must adhere to, as it is a strict regulatory requirement we follow.
A
amatobialex
lagos, Nigeria,
Jan 8, 2020,
Registered user

NEW UPDATE

Service use: Live Length of use: 3-6 Months
After some experience, Maximusfx were able to solve my issues the wise way. Whatever issue you have, be patient it will be resolved. Thank you MaximusFx. And thanks to the Nigerian management group of Maximusfx for being concerned and doing their best to resolve issues with clients

Dec 5, 2019 - 1 Star I am in Nigeria and I first knew maximus through a 7 years experienced trader who is my friend, I thought they will be the best but cutting the long story short, I WAS SCAMMED. At first, I grew my 4000$ to over 10,000$, I successfully withdrew over 2000$ during my trade spree of 3 months. On the 3rd month I tried withdrawing 3100$ with a balance of 8100$, it was cancelled, I was told I have a limit of 500$ per withdrawal request, I did not complain. Now, during that same day, I opened a 2.5 lots in total trade volume on GBPAUD, immediately that happened I lost access to my MT4(tried over 5 devices) meanwhile I could login other brokers on my devices, I lodged a complain but no response. The next thing I observed through my Maximus Web backoffice was my leverage was reduced from 1:100 to 1:25 with active trades, closed out all my positions with 2271$ loss, brought back my leverage to 1:100 and gave me access to my MT4. When I called Sixtus the Africa head to complain he only gave reasons why that happened. And now I opted to withdraw all my money, and they keep cancelling my withdrawal with no email telling me why. Please inform Maximus that Money with them belongs to people. They should return my balance of 5300$. Thanks
I
InSun
Budapest, Bajza ucta 85, Hungary,
Dec 3, 2019,
Registered user

Still no regret

Service use: Live Length of use: 0-3 Months
After some time of being with maximusfx I can say that I like this company. But they must improve the time of profit withdrawal. Sometimes it takes time . But overall like their service's and still no regret.
I
Idrisabdul
Dubai, United Arab Emirates,
Oct 27, 2019,
Registered user

The best broker to trade with

Service use: Live Length of use: over 1 Year
This broker is very good. Maximusfx is the first and only broker that I have been able to withdraw my profit on 19 different occasions. I love their Islamic account type, no swap charges and customer services very good and funny people to always speak to on phone. All my friends in Dubai are happy that I introduce them to Maximusfx.
F
Farhan khan
Kualalumpur, Malaysia,
Oct 19, 2019,
Guest

Recent experience

Service use: Live Length of use: 0-3 Months
Good experience with MaximusFx; but don't know why they are offering 1:500 trading leverage for standard type live trading account. Besides, I am expecting tighter trading spreads. Helpful broker.
P
Pm morshed
Natore, Bangladesh,
Sep 17, 2019,
Guest

Good experience

Service use: Live Length of use: 6-12 Months
As a newbie I am working on my own training strategy; testing the trading performances on different strategies; in a meantime using Mini account of MaximusFX; till now I am happy on this platform. Even, I have very good experience of news trading; no requotes or anything like technical error!
T
tigwe24
Nigeria,
May 8, 2019,
Registered user

MaximusFX came to my region to organize a seminar promising that I will gain alot of knowledge if I patronize them because I told them that I have been trading for the past 8 years without any success and I think brokers are behind it. They assured I and my friends that if we patronize them, they will coach us and make us good at trading. We all invested over $20,000. After seeing all negative comments on FPA we became skeptical but one of their staff encouraged us to trade and then make withdrawal.
They trained us professionally by their Head of Business development in the Lagos office. When we started trading the head gave us signals and market analysis on how to trade. He taught us risk management on how we should manage our funds which worked greatly for us. When it was time to withdraw, we tried the first time and got our money within 24 hours, then a second time we tried and we were paid up to the 8th time. It's been almost 2 years and I can say the experience has been great. I will advice traders to go to their Lagos office if you want your trading skills to improve.
1 trader has found this review helpful
Forex Peace Army
Review moderation team note
Two years ago there were only 2 negative reviews on display for MaximusFx.
T
Timothy01
Lagos, Nigeria,
Apr 18, 2019,
Registered user

They deleted my account and I'm still scammed !

I got a response to my post but I could not reply directly under it.

I still hold my stand. MAXIMUSFX is a scam company. They deleted my account and nobody reached me ever since then.

If you're wise, then please do not ever even trade with them.

https://medium.com/@timothydiptim0618/maximusfx-scammed-me-of-1043-efd8c95d9680

Terrible company. I don't know how they still exist. Full of scammers! My opinion still stands after 2 years. You guys are scam.
1 trader has found this review helpful
T
Reply by MaximusFX submitted May 8, 2019:
Mr. Timothy,

We asked you on this forum for a screenshot of your account in the past, which you never provided and equally, we told you that from our records there is no client by name Timothy from Nigeria experiencing any issues with MaximusFX.

We have never deleted any client accounts. At least show proof of emails, with a trading account number from MaximusFX or proof that you funded an account with MaximusFX and let everybody in this forum see.

Secondly, attaching a link of someone's comment only shows that you are among the group of people trying to sabotage the name of the company, by giving false information to the general public about MaximusFX. We will like you to visit the Lagos office with your proofs, if truly you are really genuine and take a picture of yourself inside the office, to show to the world that you are not a scam. If MaximusFX was a scam, it won't still be in operation.

Regards,
MaximusFX