Brief Look at Demaxis
Demaxis is raising serious concerns within the trading community and is increasingly regarded as a fraudulent operation. The broker ceased activity following numerous allegations of fraud and regulatory noncompliance. Although Demaxis claimed to be registered in Hong Kong, investigations revealed that its actual operations were based in Saint Vincent and the Grenadines, an offshore jurisdiction known for weak financial oversight. This allowed the company to avoid scrutiny from international financial authorities.
Clients reported being unable to withdraw funds, experiencing pressure to make additional deposits, and noticing manipulation of trading outcomes. The broker also made exaggerated promises of returns and used questionable marketing tactics, including a lack of transparency regarding trading conditions.
These practices contributed to growing suspicion and ultimately led to Demaxis being classified as a fraudulent entity. The platform has since ceased operations.
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