Max Wells Bank has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Banking services without appropriate authorisation This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.maxwellsbank.ltd.
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. Max Wells Bank said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Personal attention|Dedicated account manager|Segregated accounts
Cons: Onboarding videos are outdated|Research section could be deeper
The platform itself is okay, but the customer service at Max Wells Bank is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Great customer service|Low minimum deposit|Excellent charting
Cons: Limited cryptocurrency options|Limited ETF selection
After seeing ads for Max Wells Bank online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
After for about eight months with Max Wells Bank, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Real-time alerts|Personal attention
Cons: No dark mode on mobile
I was contacted by Max Wells Bank through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I am in a dispute with Max Wells Bank over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Portfolio tracking tools|Copy trading available|Good mobile app|Educational resources
Cons: Charting tools need more indicators
The platform at Max Wells Bank is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Multi-device support|Good analytical tools|Multiple order types|Low minimum deposit
Cons: Limited social trading features
After spending for roughly four months trying to make Max Wells Bank 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: Clear documentation|Regular platform improvements|Customizable dashboard|Dedicated account manager
Cons: Research section could be deeper|Withdrawal takes 1-2 business days
I had a dispute with Max Wells Bank 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: Smooth onboarding|Easy to use platform
Cons: Wait times can be long during peak hours
I opened an account with Max Wells Bank for over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Risk management tools|Two-factor authentication|Tax reports included|Good mobile app
Cons: Limited cryptocurrency options|Minor UI glitches occasionally