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 lost a significant amount because MaxProfit Academy Ltd. did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Responsive team|Good analytical tools|Full transparency|Tax reports included
Cons: Live chat only during business hours
The platform itself is okay, but the customer service at MaxProfit Academy Ltd. 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: Fast deposits|Detailed reporting
Cons: Alert system is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that MaxProfit Academy Ltd. is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics