20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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MaximusFX Review 2024
Minimum
deposit:
deposit:
- $200
Trading platform:
- MetaTrader4
- MultiTrader
Regulation:
- SVGFSA
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $200
Trading platform:
- MetaTrader4
- MultiTrader
Regulation:
- SVGFSA
Bonus for deposit:
- 0%
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Summary of MaximusFX Trading Company
MaximusFX is a broker with higher-than-average risk and the TU Overall Score of 3.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by MaximusFX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. MaximusFX ranks 252 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
MaximusFX offers various account types and flexible trading conditions for investors, novice traders, and professionals.
MaximusFX has been providing its services in financial markets since 2013. This company offers trading currency pairs, and CFDs on metals, indices, stocks, cryptocurrencies, and oil. Its offices are open in the Russian Federation, Nigeria, Ukraine, Cyprus, South Asia, and the Middle East. This broker is registered in Saint Vincent and the Grenadines under the number 21567 and conducts verification in accordance with the requirements of the Financial Services Authority St. Vincent and the Grenadines (SVGFSA).
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 1.7 pips for Mini, from 1.2 pips for Standard, and from 0 pips for VIP |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, metals, oil, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/60% for Mini, 80%/40% for Standard, 60%/40% for VIP, and 80%/50% for Islamic |
👍 Advantages of trading with MaximusFX:
- 230+ trading instruments;
- Three account types and an Islamic account for Muslim traders;
- Negative balance protection;
- MetaTrader 4 (MT4) and MultiTerminal are available;
- PAMM accounts for passive investment.
👎 Disadvantages of MaximusFX:
- This broker charges withdrawal fees;
- High spreads for Mini and Standard accounts;
- Technical support is not available via live chat.
Evaluation of the most influential parameters of MaximusFX
Geographic Distribution of MaximusFX Traders
Popularity in
33.56%
US
30.59%
NG
13.96%
AE
13.72%
UA
10.88%
ES
9.1%
IL
2.19%
Others
User Satisfaction i
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Expert Review of MaximusFX
MaximusFX has over 10 years of experience in this brokerage market. This broker has six representative offices, but it does not provide services to residents of some jurisdictions. This company operates in accordance with the EU MiFID (Markets in Financial Instruments Directive), ISD (Investment Services Directive), and SVGFSA.
This broker offers a demo account and four live account types, namely Mini, Standard, VIP, and Islamic. The minimum deposit is $200. Fees and spreads depend on the account type. Leverage is up to 1:1000, and the minimum trade size is 0.01 lots. This company does not prohibit the use of trading strategies and advisors, or connecting to signals of successful traders. MaximusFX has PAMM accounts for passive investment and two partnership programs.
This broker offers a welcome bonus, a reward for deposits of attracted clients, and fees for their trading volumes. You can deposit and withdraw money by bank transfer, to bank cards, and crypto wallets. It is also possible to use Neteller, Skrill, Help2Pay, WebMoney, and Perfect Money services. There are 2%-5% fees for withdrawing money. There are also restrictions on the minimum withdrawal amount, which is $50-$100. The exception is cryptocurrency wallets that have unlimited withdrawal amounts.
Dynamics of MaximusFX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
MaximusFX offers not only tools for active trading, but the opportunity to invest in PAMM accounts. Clients who want to earn on market fluctuations, but do not plan to spend time on it, can connect to managers’ accounts and receive profit from their trading. Funding of the investment account and withdrawal of funds are available at any time, but only managers can execute trades. This company also offers a profitable Introducing Broker (IB) program. IBs can earn on trading volumes of their partners and sub-partners.
PAMM accounts from MaximusFX
PAMM accounts provide for distributing profits between all investors and the manager. Trust management combines all investment accounts into one that is controlled by a manager. Managers trade on more favorable conditions, which depend on the capital amount; although there are some restrictions. For example, if the capital is less than $100,000, leverage cannot exceed 1:100.
Managers can create offers (conditions for connecting to their accounts) for ten different levels, each with its own requirements and terms. For example, for tier-1 investors, the minimum investment amount is only $10.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from MaximusFX:
Introducing Broker (IB). For attracting new clients, partners can receive a reward of up to $25 per lot and up to 20% of the trading volume of their sub-partners. For owners of websites and other platforms, this broker offers assistance in sending emails, and creating content, banners, widgets, and other tools to increase the effectiveness of partnership.
Regional partnership. This is a possibility of organizing business using the ready-made infrastructure of MaximusFX. At the regional level, partners can open subsidiaries of this broker and offer financial services on its behalf. This company helps such partners master all working aspects and provides the necessary technologies and strategies for business development.
IBs can withdraw their rewards at any convenient time. Statistics and reports on the number of partners and sub-partners, as well as their trading volumes, are available in the user account. Regional partners receive income that depends on a certain level. The more clients are attracted, the higher the level of a partner reward.
Trading Conditions for MaximusFX Users
MaximusFX offers classic MT4 and MultiTerminal to manage multiple accounts from one platform. This company has over 230 financial instruments, four account types with trading leverage up to 1:1000, and assorted spreads and fees. Trading conditions can be tested on demo accounts. Islamic accounts with zero trading fees and floating spreads are available for Muslims.
$200
Minimum
deposit
1:1000
Leverage
24/5
Support
| 💻 Trading platform: | МetaТrader 4 (desktop, mobile, and web versions) and MultiTrader (desktop and mobile versions) |
|---|---|
| 📊 Accounts: | Demo, Mini, Standard, VIP, and Islamic |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank cards, bank transfers, WebMoney, Perfect Money, Bitcoin, Ethereum, Tether, Neteller, Skrill, and Help2Pay |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 1.7 pips for Mini, from 1.2 pips for Standard, and from 0 pips for VIP |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, metals, oil, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/60% for Mini, 80%/40% for Standard, 60%/40% for VIP, and 80%/50% for Islamic |
| 🏛 Liquidity provider: | SHBC (CH), RIB Banka (LV), VTB (RUS), Barclays (UK), and others |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Trading in micro lots |
| 🎁 Contests and bonuses: | Yes, plus TU’s recurring rebates |
Comparison of MaximusFX with other Brokers
| MaximusFX | RoboForex | Eightcap | Exness | IC Markets | Libertex | |
| Trading platform |
MetaTrader4, MultiTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, cTrader, MT5, TradingView | Libertex, MT5, MT4 |
| Min deposit | $200 | $10 | $100 | $10 | $200 | 100 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 for retail clients |
| Trust management | Yes | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1.7 point | From 0 points | From 0 points | From 1 point | From 0 points | From 0.1 points |
| Level of margin call / stop out |
80% / 50% | 60% / 40% | 80% / 50% | No / 60% | 100% / 50% | 50% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
| MaximusFX | RoboForex | Eightcap | Exness | IC Markets | Libertex | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes (as CFDs) |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes (as CFDs) |
| Crypto | Yes | No | Yes | Yes | Yes | Yes (as CFDs) |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes (as CFDs) |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes (tradable CFDs or Stocks for investment) |
| ETF | No | Yes | No | No | No | Yes (as CFDs) |
| Options | No | No | No | No | No | Yes (as CFDs) |
MaximusFX Commissions & Fees
Information
TU’s experts analyzed this broker’s trading and non-trading fees. There are no fees on Mini and Standard accounts, but spreads are charged. The VIP account has minimum spreads with a $8 fee, and Islamic accounts have floating spreads with a zero fee. Withdrawals to bank cards, through WebMoney, and Perfect Money cost 2% of the amount, while bank transfers and crypto wallets cost 5%. No fees are charged for depositing funds.
| Account type | Spread (minimum value) | Withdrawal commission |
| Mini | $17 | Yes |
| Standard | $12 | Yes |
| VIP | $0 | Yes |
Swaps are charged for transferring positions overnight. The comparative table below, compiled by TU’s experts, shows the average spreads of MaximusFX and its competitors.
| Broker | Average commission | Level |
| MaximusFX | $9.7 | High |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | Medium |
Detailed review of MaximusFX
MaximusFX focuses on improving the skills of its traders, providing optimal trading conditions and assets. There are three trading account types, plus Islamic and demo accounts. This company cares about the safety of client funds, therefore it keeps them in segregated accounts. MaximusFX offers courses for traders with a certificate upon completion.
MaximusFX by the numbers:
-
230+ trading instruments;
-
About 600,000 open accounts;
-
10+ years of experience in financial markets.
MaximusFX is a broker for investors, partners, and active traders
MaximusFX offers four account types with different trading conditions, which is convenient for traders of different skill levels. This company's clients can trade currency pairs, and CFDs on stocks, indices, metals, oil, and cryptocurrencies. MT4 and MultiTerminal are available for trading. You can trade from PC and mobile devices. Investors can earn on PAMM accounts with trust management and flexible conditions for connecting to the manager's investment account.
There are two types of partnership programs that provide for earning by attracting new clients and creating partners’ own businesses using the infrastructure and technologies of this broker.
Useful services offered by MaximusFX:
-
Partner user account. This section displays all the information about referrals and accrued bonuses;
-
Support service. Here communication channels to contact support are available;
-
Free courses. It provides for studying MT4, the psychology of trading, trading strategies, and the basics of money management.
Advantages:
1
Minimum deposit for a PAMM account is only $10;
2
Client funds are held in segregated accounts with tier-1 international banks;
3
Fast withdrawals by all channels except for bank transfers (request is processed from 1 to 5 days);
4
There is no deposit fee, regardless of the payment method;
5
There are demo accounts to learn how to trade and test trading conditions and strategies.
MaximusFX uses unique methods to identify the client using electronic algorithms that guarantee the security of funds on trading accounts.
Guide on how traders can start earning profits
MaximusFX offers four account types that are available on MT4 and MultiTerminal. The maximum leverage is 1:1000, while the minimum deposit, spreads, and trading fees are subject to the account type.
Account types:
Account Type
Description
Mini
The minimum deposit is $200, spreads are from 1.7 pips, leverage is up to 1:1000, and CFDs on metals and cryptocurrencies are available;
Standard
All assets are available, the minimum deposit is $1,000, leverage is up to 1:500, no trading fees, and spreads are from 1.2 pips;
VIP
Spreads are near-zero, the trading fee is $8, the minimum deposit is $25,000, and leverage is up to 1:100;
Islamic
Floating spreads and zero fees; leverage is up to 1:500, and the minimum deposit is $1,000.
Demo accounts can be opened on all trading platforms.
MaximusFX offers a variety of trading conditions that are well-suited for both professional and novice traders.
Bonuses from MaximusFX
Welcome Bonus
To receive a bonus of up to 50% of the deposit, fund your account with $200-$10,000. For clients who deposit more than $10,000, individual bonuses are provided. Bonus funds can be used for trading, while the profit received with them can be withdrawn.
Rebate bonus
It is provided for trading volumes. Therefore, $2.5 per lot is given for 200 completed lots, $3 per lot is given for 201-500 lots, and $4 per lot is provided for more than 500 lots. A rebate is provided for trading all types of assets.
Refer a Friend
You can get bonuses by attracting new clients. The fee depends on the funding amount. Thus, a fee of $50 is accrued for a deposit of $200, $100 is accrued for a deposit of $1,000, $125 is accrued for $2,500, $150 - for $5,000, and $200 - for $10,000. Individual conditions apply to deposits of more than $10,000. The bonus is credited only for one account of the attracted client subject to the use of MT4.
Investment Education Online
Information
The MaximusFX website has a section with training and useful information for novice traders and professionals. Also, this broker has free courses on the basics of exchange trading.
Information available with MaximusFX
Information not available on the MaximusFX website
What is CFD
Guides on trading platforms
How to open an account with MaximusFX
Description of trading strategies
Live courses
The psychology of trading
Personal education
Review of popular financial instruments
Glossary
Main types of Forex operations
Novice traders are advised to open a demo account and first master their new skills and consolidate their theoretical knowledge, and only then start trading with real money.
Security (Protection for Investors)
Information
MaximusFX has six representative offices that carry out brokerage activities in accordance with the laws and requirements of regulators in their jurisdictions.
This broker complies with the EU MiFID, ISD, and SVGFSA standards, and operates under the supervision of various legal authorities.
👍 Advantages
- Client funds are held in segregated accounts with reliable international banks
- Negative balance protection
- No need to complete detailed questionnaires and answer questions on trading experience when opening an account
👎 Disadvantages
- To access all functions, verification is mandatory
- This broker is not a member of any compensation fund; therefore it does not ensure a refund upon termination
- MaximusFX doesn’t offer its services to residents of certain jurisdictions
Withdrawal Options and Fees
-
To withdraw money, verification is mandatory;
-
Withdrawal methods are bank transfers, bank cards, crypto wallets, WebMoney, Perfect Money, Neteller, Skrill, and Help2Pay;
-
MaximusFX processes withdrawal requests from 1 hour to 5 days, depending on the used method;
-
Minimum withdrawal amount is $50 to bank cards, WebMoney, and Perfect Money, $100 by bank transfer, and it is unlimited when withdrawing to crypto wallets;
-
Payment systems charge 2%-5% fees for withdrawing money.
Customer Support Service
Information
Support managers are available 24/5 (not Saturdays and Sundays).
👍 Advantages
- Support operators respond promptly
- Non-clients of this broker can contact technical support
👎 Disadvantages
- Support is available only on weekdays
- There is no live chat and phone number on this broker’s website
You can contact this broker’s representatives via:
-
email;
-
call back form.
Consultations are only available via a remote office. Operational and administrative offices support partners, employees, businesses, and subsidiaries.
Contacts
| Foundation date | 2010 |
| Registration address | Maximus Markets Ltd, Cedar Hill Crest Villa, Kingstown, St. Vincent and the Grenadines, West Indies |
| Regulation |
SVGFSA |
| Official site | maximusfx.com |
| Contacts |
Email:
support@maximusfx.com,
Phone: +442032874194 Skype: MaximusFX_Support |
Review of the Personal Cabinet of MaximusFX
To access financial markets through MaximusFX, register a user account and open a live account on this company's website. To register, follow a few steps described below:
1
On the main page of the MaximusFX website, click the “Open account” button.
2
Complete the form with your country, first and last names, email, phone number, and password. Then accept the Terms and Conditions. Confirm your email by clicking the link that will come in the corresponding letter.
3
Functions available in MaximusFX’s user account:
Additional features of the user account:
Open a demo account;
History of financial transactions;
Partner's user account;
Deposits and withdrawals;
Language selection;
Switching between English and Persian.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
Do reviews by traders influence the MaximusFX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about MaximusFX you need to go to the broker's profile.
How to leave a review about MaximusFX on the Traders Union website?
To leave a review about MaximusFX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about MaximusFX on a non-Traders Union client?
Anyone can leave feedback about MaximusFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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