Maxa Limited has been flagged by Financial Conduct Authority 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: maxalimited.co.uk.
The platform itself is okay, but the customer service at Maxa Limited 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: Risk management tools|Stable platform|Personal attention
Cons: No fractional shares
I requested my data from Maxa Limited under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: No hidden fees|Responsive team
Cons: No live chat on mobile|Email notifications too frequent
Tried to withdraw my funds from Maxa Limited and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Maxa Limited locked my account without warning and demanded documents I had already submitted. for nearly two years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Good mobile app|Wide product range
Cons: Limited cryptocurrency options|Minor UI glitches occasionally
For anyone considering Maxa Limited, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
The platform at Maxa Limited is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past six months of dealing with this, I have had enough.
Pros: Personal attention|Clear documentation|Great customer service
Cons: Research section could be deeper
I referred a friend to Maxa Limited after attending a webinar they hosted. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Market news feed|Real-time alerts|Dividend tracking|Helpful community forum
Cons: Some tools only available on higher tiers|No dark mode on mobile
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Maxa Limited 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: Not registered with regulators|Unrealistic promises
I gave Maxa Limited a fair chance. After for close to eighteen months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multi-device support|Reliable uptime|Easy to use platform|Good mobile app
Cons: Minor UI glitches occasionally|Help articles are sometimes vague
I wanted to transfer my portfolio from another broker to Maxa Limited. 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: Automated trading options|Fast execution|Fast deposits|Great customer service
Cons: Limited demo account features