maxify fx has been flagged by Financial Services 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.
KYC with maxify fx is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Automated trading options|Dedicated account manager|Good mobile app|Regular updates
Cons: Mobile app could be improved|No dark mode on mobile
After since the beginning of the year with maxify fx 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: Full transparency|No hidden fees|Dedicated account manager
Cons: Mobile app could be improved|Limited demo account features
I trusted maxify fx with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Low minimum deposit|Tax reports included
Cons: Live chat only during business hours
The mobile app from maxify fx is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Risk management tools|Multi-currency support
Cons: Slow to add new assets|Minor UI glitches occasionally
Do not use maxify fx for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Great customer service|Personal attention|Excellent charting
Cons: Onboarding videos are outdated|Help articles are sometimes vague
I wanted to transfer my portfolio from another broker to maxify fx. 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: Economic calendar|Professional team|Full transparency|High security standards
Cons: Would like more payment methods|Nothing significant
After seeing ads for maxify fx online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Services Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
I am in a dispute with maxify fx 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: Copy trading available|Wide product range
Cons: Help articles are sometimes vague
The onboarding at maxify fx was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Instant funding|Educational resources|Fast deposits
Cons: Spreads widen during volatile periods|None so far
I gave maxify fx a fair chance. After for roughly four 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: No hidden fees|Excellent charting|Helpful community forum|Demo account available
Cons: Limited demo account features