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MaxFX Review Scores


Overall score: 2.2 / 5

Total votes: 50
Platform
1
Pricing
1
Customer service
1
Features
1
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MaxFX Discussion

success_fx
Mar 02 2016 at 15:46
4 posts
Hi every one - MaxFX - the worthiest Broker I ever met in my life:

1) Support - reply on tickets very long time, no chat on the website for quick communications - a lot of people mentioned this here as a minus.
2) But the most terrible - this is execution and pricing - spreads are quite high as for ECN account it is 0.8-1.0 pip not 0.1 like on the website.
Feed has delays when activity comes up , I did make some screens, you can see difference between other brokers https://prntscr.com/aa9ssp execution more then one second- https://prntscr.com/aaa5wv it is very high for STP - in average it should be not higher 200-300ms - It is means, that clients on B book and using Virtual Dealer for manipulation of execution.

Terrible - not suggesting this Broker- only if you want to play with them and catch something on delays - good luck.


FFAM
Mar 07 2016 at 13:33
8 posts
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. 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.

Elenand
Mar 08 2016 at 08:16
5 posts
I had the same problem as FFAM today! But my profit was only 8.70$! They returned me my initial deposit only.

kosai (kosai)
Mar 08 2016 at 08:22
13 posts
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. 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.


Can you explain more about this? It's sounding as though you violated their rules in order to make that profit. That's the only legal justification they can give. I imagine if you didn't really violate their terms that you could sue them for a lot of money.

MaxFX_Broker
Mar 08 2016 at 09:20
34 posts
kosai posted:
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. 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.


Can you explain more about this? It's sounding as though you violated their rules in order to make that profit. That's the only legal justification they can give. I imagine if you didn't really violate their terms that you could sue them for a lot of money.



As mentioned before, there was a violation from your part against our T&Cs, which resulted in your disqualification from the live contest and the complete refund of your initial deposit, no questions asked.

Other experienced traders did not manipulate the system and are trading just fine, it would simply be unfair from our part to keep you aboard this competition.
 

Elenand
Mar 10 2016 at 07:15
5 posts
I traded with EA and Maxfx wrote to me that I violated their rules!

success_fx
Mar 10 2016 at 13:23
4 posts
When reading MAXFX representatives - just smile. How possible to manipulate Brokers system? 300 brokers all over the world using MT4 platform and only in MaxFX traders manipulate their systems! Are you making fools everyone around you?

success_fx
Mar 15 2016 at 09:20
4 posts
Another thing with MAXFX- they have the biggest SWAPs(when you leave trades over night) - more then 2 pips on EURUSD - it is huge - they don't know how robe the client, not possible to keep deals for long- SWAPs- will it all your profit- be careful!!! Crazy broker to work with.

PurePower
Apr 29 2016 at 06:50
18 posts
I was planning to open an account with them but after reading the above I have changed my mind. Will look for better brokers out there!

tradingnefth
Jun 09 2016 at 07:05
6 posts
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