MaxProfit Academy Ltd. has been flagged by National Securities and Stock Market 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.
I gave MaxProfit Academy Ltd. 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: Regular platform improvements|Real-time alerts|Demo account available|Regular updates
Cons: Desktop app not available on Linux
The spread at MaxProfit Academy Ltd. is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them while looking for alternatives to my previous provider and initially thought the platform was good - until I started trading seriously.
Pros: API access|Fast support response|Competitive fees|Dividend tracking
Cons: Limited demo account features
What really bothers me about MaxProfit Academy Ltd. is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them while looking for alternatives to my previous provider and I fell for the polished exterior. Never again.
Pros: High security standards|Easy withdrawals|Demo account available|Stable platform
Cons: Withdrawal takes 1-2 business days
MaxProfit Academy Ltd. locked my account without warning and demanded documents I had already submitted. for just 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: Social trading features|Demo account available
Cons: Onboarding videos are outdated
My withdrawal request from MaxProfit Academy Ltd. has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Social trading features|Copy trading available|Stable platform|Competitive fees
Cons: Could offer more webinars|Would like more payment methods
The mobile app from MaxProfit Academy Ltd. 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: Multi-device support|Quick verification|Multi-currency support|Helpful community forum
Cons: No phone support on weekends|Email notifications too frequent
After since I retired last year with MaxProfit Academy Ltd. 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: Dedicated account manager|Risk management tools|Regular updates
Cons: Limited cryptocurrency options|Charting tools need more indicators
Several red flags with MaxProfit Academy Ltd.: (1) They promise unrealistically high returns, (2) They're not registered with National Securities and Stock Market Commission, (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: Unauthorized firm|Found in IOSCO warnings database
I had high hopes for MaxProfit Academy Ltd. through my accountant's suggestion, 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: Reliable uptime|Dividend tracking|Demo account available|Fast deposits
Cons: Nothing significant|Research section could be deeper
The only good thing about MaxProfit Academy Ltd. is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Real-time alerts|Regular platform improvements|Educational resources
Cons: Limited demo account features