Red Flags
2
MAXAIN
With a dismal score of 2.0, no regulatory oversight, and opaque trading conditions, MAXAIN presents an untrustworthy and dangerous trading environment.
Quick summary on MAXAIN
Unregulated and Unsafe:
MAXAIN is registered under the SVG FSA, which does not regulate forex trading activities. This means there is no real oversight, leaving traders exposed to potential fraud.
Extremely Low Credibility:
With an overall score of just 2.0, MAXAIN lacks the credibility needed for a reliable forex trading platform. A broker with such a poor rating is a significant risk for investors.
Suspicious Business Location:
The company operates from Workshop 60, 3/F, Block A, East Sun Industrial Centre, No.16 Shing Yip Street, Kowloon, Hong Kong—an industrial address that does not inspire confidence for a financial services provider.
Opaque Trading Conditions:
MAXAIN provides little to no details about trading costs, spreads, or competitive features, making it impossible for traders to assess what they are signing up for.
Withdrawal Issues & Lack of Transparency:
The platform has a poor deposit and withdrawal score of 2.0, and it does not disclose transaction fees, processing times, or accepted payment methods, raising concerns about potential hidden charges or withdrawal denials.
Intel Reports
by: Melissa Sterling
Maxain's lack of regulation is a major concern. Feels risky to invest here.
by: Brayden Montgomery
Unregulated and unsafe! Maxain leaves traders exposed to potential fraud.
Cons
by: Sierra Ashford
Withdrawal process is cumbersome and slow. Getting my money out was a hassle.
Cons
by: Holly Prescott
The mobile app crashes frequently. Trading on the go is nearly impossible.
by: Tristan Blackwood
Maxain's customer support is unresponsive. Had issues and no one to help. 😡
Cons