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Live Forex Contest Max
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MaxFX_Broker

Member Since Mar 27, 2015  34 posts MaxFX_Broker Mar 03 2016 at 12:21
Your account is fully enabled, we just checked.

bartolj

Member Since Jun 21, 2012  4 posts bartolj Mar 03 2016 at 13:41
Margin on CHF pairs 2500%??? Sick...

MaxFX_Broker

Member Since Mar 27, 2015  34 posts MaxFX_Broker Mar 03 2016 at 14:51 (edited Mar 03 2016 at 14:51 )
We have now Integrated Live Chat into our website

kiddragon1412

Member Since Apr 13, 2012  23 posts Trinh Hoang Tuan (kiddragon1412) Mar 04 2016 at 08:12
iPhone posted:
How long you guys take to activate a trading account? My funded account still showing Trade Disabled. I went to the site to contact live support & to my surprise you guys are not providing any live support. I didn't remember when last time i saw a forex broker with no live support. This is very frustrating.


Though they told me my account was fully enabled , I still got 'trade is disabled' which is really really frustrating . Tired of slow support and weird issues with platform , I already withdrawn funds and stop trading the contest . Good thing is they proceed my withdrawal request within 1 business day as promised on the FAQ .

Good lucks to others contestants !

Trading for a "LIVING"
iPhone

Member Since Mar 14, 2013  7 posts iPhone Mar 04 2016 at 08:17
kiddragon1412 posted:
iPhone posted:
How long you guys take to activate a trading account? My funded account still showing Trade Disabled. I went to the site to contact live support & to my surprise you guys are not providing any live support. I didn't remember when last time i saw a forex broker with no live support. This is very frustrating.


Though they told me my account was fully enabled , I still got 'trade is disabled' which is really really frustrating . Tired of slow support and weird issues with platform , I already withdrawn funds and stop trading the contest . Good thing is they proceed my withdrawal request within 1 business day as promised on the FAQ .

Good lucks to others contestants !


Just now i also requested for withdrawal. Good luck to others :)

hibikidan333

Member Since Dec 31, 2015  9 posts hibikidan333 Mar 07 2016 at 11:08
oh lol, look at all those who've margined called.. 2500% margin? That's crazy!

FFAM

Member Since Sep 28, 2015  8 posts FFAM Mar 07 2016 at 13:32
So ladies and gentlemen, here is my short review about this broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?

So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.


Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.

watchme

Member Since Mar 01, 2013  581 posts watchme Mar 07 2016 at 13:58
FFAM posted:
So ladies and gentlemen, here is my short review about this broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker but ECN SCAM. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?

So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.


Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.


I wait for response from MaxFX for further explanation on what is 'Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX'?

Never Give Up or Give In To The Market
Croco_Dile

Member Since Jan 08, 2016  272 posts Crocodile (Croco_Dile) Mar 07 2016 at 14:19 (edited Mar 07 2016 at 14:24 )
Paragraph 8.36 :

8.36 Where the Company determines that the Client either once-off or systematically takes advantage of delayed or wrong price
feeds by trading on them, the Company reserves the right (a) to adjust the price(s) and/or the spread provided to the Client, (b)
to delay the price confirmation and/or re-quote the price offered., (c) to restrict Client’s access to the Trading Platform and/or
provide only manual quotes, (d) to retrieve any historic profits from the Client’s trading account, provided that it can document
that such trading profits have been obtained as a result of a price(s) abuse at any time during the relationship with the Client.,
(e) to immediately terminate by way of written notice the relationship with the Client.

Paragraph 28.3 :

28.3 The Company may terminate this Agreement immediately without giving five (5) business days notice in the following events
of default:
i. Death of the Client
.............

Paragraph 28.4 :

28.4 The Company may terminate this Agreement immediately without giving five (5) business days notice, and the Companyhas
the right to reverse and/or cancel all previous transactions on a Client’s account, in the following events of default:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any
Company’s Clients interests at risk prior to terminating theAgreement


No idea how a fraud can happen by a trader !
It's always the broker who is the fraudster because he is operating the system.

Complexity is expensive, inefficient, and ineffective > Crocodile trading
MaxFX_Broker

Member Since Mar 27, 2015  34 posts MaxFX_Broker Mar 07 2016 at 14:39
watchme posted:
FFAM posted:
So ladies and gentlemen, here is my short review about this SCAM broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker but ECN SCAM. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?
This is THE absolute scam.
So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.
MAXFX is a clear example of how to rob clients .

Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.


I wait for response from MaxFX for further explanation on what is 'Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX'?


The terms were pasted from another user, as for our official response:

After examining your trading activity we lead to the conclusion that your trading activity took advantage of latency in quote updating. As a result the Company concluded that you have breached our trading T&C along with those that rule the MaxFX Competition and proceeded with the termination of your account.


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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.