Maxupfx (maxupfx.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: maxupfx.com.
Where do I even begin with Maxupfx (maxupfx.com)? since I retired last year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Multi-currency support|Regular platform improvements
Cons: Cannot customize dashboard fully
The only good thing about Maxupfx (maxupfx.com) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. 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: Easy withdrawals|Easy to use platform|Intuitive for beginners|Two-factor authentication
Cons: No crypto staking|Search feature is basic
The platform at Maxupfx (maxupfx.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: Reliable uptime|Helpful community forum|Intuitive for beginners|Great customer service
Cons: Limited ETF selection
I closed a profitable position at Maxupfx (maxupfx.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Comprehensive tools|High security standards
Cons: Website design could be more modern
KYC with Maxupfx (maxupfx.com) 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: Responsive team|Market news feed
Cons: Inactivity fee applies after 12 months
I am in a dispute with Maxupfx (maxupfx.com) 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: Real-time alerts|Good mobile app|Multi-currency support
Cons: Cannot customize dashboard fully|Charting tools need more indicators
Maxupfx (maxupfx.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Dedicated account manager|Excellent charting
Cons: Limited social trading features
I lost a significant amount because Maxupfx (maxupfx.com) 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: Customizable dashboard|Helpful community forum|Copy trading available
Cons: Onboarding videos are outdated