Maplex.world has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Maplex.world is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: maplex.world.
Maplex.world 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: Risk management tools|Educational resources|Clear documentation|Segregated accounts
Cons: Charting tools need more indicators
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Maplex.world said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Smooth onboarding|Dedicated account manager|Automated trading options|Multi-device support
Cons: Live chat only during business hours
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
After spending for the past year and a half trying to make Maplex.world work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Two-factor authentication|Responsive team|Wide product range
Cons: No crypto staking|None so far
Maplex.world advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Personal attention|Good mobile app|Regular platform improvements
Cons: Search feature is basic
After since the beginning of the year with Maplex.world I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Wide product range|Customizable dashboard|Clean UI|Educational resources
Cons: Wait times can be long during peak hours
Several red flags with Maplex.world: (1) They promise unrealistically high returns, (2) They're not registered with Autorité des marchés financiers, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
Maplex.world offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: No hidden fees|Excellent charting|Easy to use platform
Cons: Would like more payment methods|Spreads widen during volatile periods
I have been trying to close my account with Maplex.world for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Transparent fees|Helpful community forum|Dedicated account manager
Cons: Currency conversion fee exists
I wanted to transfer my portfolio from another broker to Maplex.world. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Demo account available|Fast support response|Tax reports included|Wide product range
Cons: None so far