Capital Maximus is an unregulated broker that claims to provide a transparent, true customer oriented offering optimal trading environment to traders and investors around the globe. Read this capitalmaximus.com review before deciding to trade with them.
It is common for Forex brokers to claim that they provide the best trading environment in the market. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared towards deceiving traders and stealing their funds. Therefore, considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
CapitalMaximus is a brokerage firm operated by Capital Maximus Ltd. The contact address given on their website shows that they are located at London. However, they also present a phone number from Australia and New Zealand.
They offer five account types which are Individual, Passive income, Wealth management, Retirement and All Star . The assets they trade are forex, stock, commodities, indices and cryptocurrency.
Why you should avoid Capital Maximus.
We found the following disturbing information about capitalmaximus.com after going through the website.
capitalmaximus.com licensing and regulation.
An important aspect of our review is to find out whether or not a broker holds a license from any of the recognized forex regulatory authorities. First, look at the region or location where the company or broker claims to be based, then we check the commission or authority regulating trade there to know whether that company has been listed among their regulated companies or not. For instance, FCA is the regulatory body overseeing the operations of forex brokers located in the UK while Australian forex brokers should be regulated by ASIC.
Unfortunately, Capital Maximus is not regulated in any of the regions mentioned on their contact. They go against the rules set by forex regulators. Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, ASIC, NFA and many others have regulations protecting Forex traders from unfair brokers.
They also state that their terms and conditions are governed by the laws of Saint Vincent and the Grenadines. However, one thing to take note of is that authorities in Saint Vincent and the Grenadines does not issue licenses or regulate the activities of brokers located there. This is why it serves as a hiding place for unreliable brokers. Trading with an unregulated broker is a huge risk. Therefore, we do not trust this broker.
CapitalMaximus deposit and withdrawal method.
Capital Maximus accepts a minimum deposit of $250 and the minimum withdrawal is 100 USD/GBP/EUR with a fee of 1% of the withdrawal. It takes between 7 to 10 days to process withdrawals. The payment methods available are credit cards, Bank wire and Bitcoin transfer.
In addition, they charge a dormancy fee of 99 USD/GBP/EUR on account that have not carried out any transaction for 30 days. Such an outrageous charge is one of the reasons you should stay away from this broker.
Capital Maximus also offers bonuses which have been banned in the UK. However, the bonus they offer are subject to some restrictions for you to be able to withdraw them. According to their bonus policy, in order to withdraw bonus funds, clients must execute a trading volume of 50,000 times total value. Sadly, it is usually difficult to meet this condition. Also, requesting for a withdrawal of 20% and above will lead to a revoke of the bonus. This shows that Capital Maximus is an unreliable broker.
capitalmaximus.com trading platform.
capitalmaximus.com offers a webtrader platform and not the popular metatrader platform. One of the things to look out for before deciding to trade with any brokerage company, is the availability of any of the Metatrader platforms. Metatrader 4 and 5 are user friendly have become the generally accepted trading platforms used by legit brokers.
They offer leverage of 1:100. This is higher than the standard leverage permitted by forex regulators. It is important to note that while some leverages may seem generous, it is not advisable. High leverages can lead to huge loss of funds for inexperienced traders.
Conclusion: Is Capital Maximus worth your money?
No. capitalmaximus.com is not a reliable broker. Moreover, they are not regulated by any of the recognized regulatory authority. Therefore, we do not recommend this broker. We advise you to only invest with licensed brokers to avoid regrets.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry. They offer trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Most importantly, the Financial Conduct Authority(CFA) in the UK as well as ASIC in Australia are the regulators of Fortrade. This makes makes client funds safe. They accept traders worldwide..visit their official website