Caution Investors Trademaxus.com – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Overview:
Trademaxus.com is a website that claims to be owned and operated by Trademaxus Ltd, a company registered in St. Vincent and the Grenadines. The broker offers four types of accounts: Basic, Silver, Gold, and Platinum, with minimum deposits ranging from $250 to $50,000. The broker also claims to provide access to over 200 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. The broker claims to use the MetaTrader 4 platform, which is a popular and reliable trading software. However, there are several red flags that indicate that Trademaxus.com is not a trustworthy broker.
Regulation and Compliance:
One of the most important factors to consider when choosing a broker is whether a reputable authority regulates it. Regulation ensures that the broker follows certain rules and standards to protect the interests and funds of its clients. Regulated brokers are also subject to regular audits and oversight by the regulators. Trademaxus.com is not regulated by any authority and does not have a license to offer financial services in any jurisdiction. The broker is based in St. Vincent and the Grenadines, which is a notorious offshore destination for scam brokers. The broker does not provide any information about its legal status, registration number, or address on its website. Moreover, the broker has been blacklisted by ASIC, which is the financial regulator of Australia. ASIC has warned the public that Trademaxus.com is operating without a license and may be involved in a scam. Therefore, trading with Trademaxus.com is extremely risky and not recommended.
Customer Reviews:
Another way to assess the credibility of a broker is to look at the feedback and reviews from its customers. A quick online search reveals that Trademaxus.com has a very poor reputation among traders. Many customers have complained that the broker is a scam and that they have lost their money with it. Some of the common complaints include:
– The broker does not allow withdrawals and blocks the accounts of its clients.
– The broker uses aggressive and misleading marketing tactics to lure unsuspecting customers.
– The broker charges hidden fees and commissions that are not disclosed on its website.
– The broker manipulates the prices and spreads to make its clients lose money.
– The broker provides no customer support or responds to queries or complaints.
These complaints suggest that Trademaxus.com is not a legitimate broker but a fraudulent scheme that aims to defraud its customers.
Products and Services:
Trademaxus.com claims to offer a variety of trading products and services to its clients. However, these claims are not backed by any evidence or proof. The broker does not provide any details about its trading conditions, such as leverage, spreads, commissions, margin requirements, or execution policy. The broker also does not provide any demo account or educational resources for its clients. The only thing that the broker offers is the MetaTrader 4 platform, which is not even verified or authenticated by the official MetaQuotes website. Therefore, it is possible that the broker uses a fake or modified version of the platform that may compromise the security and performance of its clients’ trading activities.
Location:
Trademaxus.com does not disclose its physical location or address on its website. The only contact information that the broker provides is an email address and a phone number. However, these are not reliable or verifiable sources of communication. The email address is generic and does not belong to any domain name associated with the broker. The phone number has a UK country code, but this does not mean that the broker is based in the UK or authorized to operate there. In fact, the UK’s Financial Conduct Authority (FCA) has issued a warning against Trademaxus Ltd for providing financial services without a license in the UK. Therefore, it is still being determined where Trademaxus.com is actually located or who runs it.
Customer Service:
Trademaxus.com does not provide any customer service or support to its clients. The only way to contact the broker is through email or phone, but these are not responsive or helpful. Many customers have reported that they have never received any reply or assistance from the broker’s support team. Some customers have also claimed that they have been harassed or threatened by the broker’s representatives when they tried to withdraw their money or complain about their issues. Therefore, Trademaxus.com does not care about its customers’ satisfaction or well-being.
Is Your Money Safe in an unregulated company?
The answer is no. Trading with an unregulated and blacklisted broker like Trademaxus.com is very dangerous and risky. There is no guarantee that the broker will honor its obligations or protect your funds. Unregulated brokers are not subject to any rules or regulations that ensure the safety and security of their client’s money. They do not segregate their clients’ funds from their own, which means that they can use them for their own purposes or misappropriate them. They also do not participate in any compensation schemes or insurance programs that can cover the losses of their clients in case of insolvency or fraud. Therefore, if you trade with Trademaxus.com, you are putting your money at a very high risk of being lost or stolen.
Conclusion:
Trademaxus.com is a scam broker that you should avoid at all costs. The broker is not regulated by any authority and has been blacklisted by ASIC for operating without a license. The broker has a very bad reputation among traders and has received many complaints and negative reviews. The broker does not provide any information about its trading conditions, products, services, location, or customer support. The broker does not allow withdrawals and blocks the accounts of its clients. The broker uses deceptive and aggressive marketing tactics to attract unsuspecting customers. The broker charges hidden fees and commissions that are not disclosed on its website. The broker manipulates the prices and spreads to make its clients lose money. The broker does not provide any customer service or support to its clients. Trading with Trademaxus.com is extremely risky and not recommended.
