greymax.net has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: greymax.net.
Where do I even begin with greymax.net? for a couple of months now of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Excellent charting|Comprehensive tools|Detailed reporting
Cons: Limited social trading features|No live chat on mobile
I had high hopes for greymax.net after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Wide product range|Copy trading available
Cons: Alert system is basic
I had a dispute with greymax.net and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Economic calendar|Easy withdrawals|Regular platform improvements
Cons: Could offer more webinars
greymax.net locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Tax reports included|Real-time alerts|Portfolio tracking tools|Two-factor authentication
Cons: No integrated tax optimization
I closed a profitable position at greymax.net and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Easy withdrawals|Multiple order types
Cons: Wish they had more educational resources|Minimum deposit could be lower
greymax.net changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Easy to use platform|Social trading features|Educational resources|Tax reports included
Cons: Currency conversion fee exists|Would like more payment methods
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that greymax.net has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Cyprus Securities and Exchange Commission|Cannot verify credentials
After doing some research AFTER the fact (I know, I should have done this first), I discovered that greymax.net is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns