Caution Investors Demaxis.com – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Overview:
Demaxis is a company that offers online trading services in various markets, such as forex, stocks, commodities, indices, and cryptocurrencies. It claims to have a user-friendly platform, competitive spreads, fast execution, and professional support. However, there is no evidence that Demaxis is a legitimate or trustworthy company. In fact, it is not regulated by any financial authority, which means that it does not comply with any rules or standards of conduct. This exposes investors to a high risk of losing their money or becoming victims of fraud.
Regulation and Compliance:
One of the most important factors to consider when choosing an online trading company is whether it is regulated by a reputable financial authority. Regulation ensures that the company follows certain rules and standards of conduct, such as keeping client funds in segregated accounts, providing fair and transparent pricing, maintaining adequate capital, and adhering to anti-money laundering and consumer protection laws. Regulation also provides investors with a recourse in case of disputes or complaints. Demaxis, however, is not regulated by any financial authority, which means that it operates without any oversight or accountability. This raises serious doubts about its legitimacy and credibility, and suggests that it may be involved in fraudulent or illegal activities.
Customer Reviews:
Another way to assess the reputation and reliability of an online trading company is to look at the customer reviews and feedback. A good company should have positive and consistent reviews from satisfied customers who can attest to its quality of service and performance. Demaxis, on the other hand, has very few and mostly negative reviews from customers who have experienced various problems with the company. Some of the common complaints include difficulty in withdrawing funds, hidden fees and charges, poor customer service, manipulation of prices and trades, and aggressive marketing tactics. These reviews indicate that Demaxis is a scam company that does not care about its customers or their interests.
Products and Services:
A good online trading company should offer a wide range of products and services that suit the needs and preferences of different types of investors. It should also provide a user-friendly and secure platform that allows easy access and execution of trades. Demaxis claims to offer various products and services, such as forex, stocks, commodities, indices, and cryptocurrencies. However, there is no information about the specific instruments or assets that are available for trading, nor about the trading conditions or fees that apply. Moreover, there is no evidence that Demaxis actually provides a functional or safe platform for trading. It may be using fake or manipulated data to lure unsuspecting customers into depositing money.
Location:
A good online trading company should have a clear and verifiable physical location where it operates from. It should also have a valid license or registration number that can be checked with the relevant authorities. Demaxis does not provide any information about its location or registration number on its website. It only gives an email address and a phone number as contact details. This makes it impossible to verify its identity or location, and suggests that it may be hiding from the law or operating from an offshore jurisdiction.
Customer Service:
A good online trading company should have a professional and responsive customer service team that can assist customers with any issues or queries they may have. It should also have multiple channels of communication, such as phone, email, chat, or social media. Demaxis claims to have a 24/7 customer service team that can provide support in various languages. However, many customers have reported that they have been unable to reach the customer service team or get any help from them. Some customers have also reported that they have been harassed or pressured by the customer service team to deposit more money or accept unwanted bonuses.
Is Your Money Safe in an unregulated company?
The answer is no. When you deposit money with an unregulated company like Demaxis, you are putting your money at risk of being lost or stolen. Unregulated companies do not keep client funds in segregated accounts, which means that they can use them for their own purposes or mix them with their own funds. They also do not provide any protection or compensation schemes in case they go bankrupt or insolvent. Furthermore, unregulated companies may engage in fraudulent or illegal activities, such as manipulating prices and trades, refusing to process withdrawals, charging hidden fees and commissions,
or stealing personal or financial information.
Defensive Measures Against Fraudulent Brokers:
If you have already deposited money with Demaxis or a similar unregulated company, you should try to withdraw your money as soon as possible. You should also contact your bank or credit card company and report the transaction as fraudulent. You may be able to reverse the charge or block any further payments. You should also report the company to the relevant authorities in your country or region, such as the financial regulator, the consumer protection agency, or the police. You should also warn other potential customers about the company and share your experience on online forums or review sites.
Conclusion:
Demaxis is an unregulated online trading company that may be involved in fraudulent activities. It does not provide any information about its location, registration, products, services, or platform. It has very few and mostly negative customer reviews and feedback. It does not comply with any rules or standards of conduct, and it may expose investors to a high risk of losing their money or becoming victims of fraud. Therefore, we strongly advise you to avoid Demaxis and any similar unregulated companies, and to only trade with regulated and reputable companies that can offer you a safe and secure trading environment.
