MaxCFD Review

MaxCFD Broker

MaxCFD is an unlicensed CFD trading broker that was founded in 2017. MaxCFD is owned and operated by Chemi Holdings Limited which is located at: 2nd Floor, 1-2 Broadgate, London, Greater London, EC2M 2QS, United Kingdom.

Contact phone number in England is: +44 208 068 9432, and customer support email address is: Support@MaxCFD.com.

For complaints or withdrawal issues read this.

MaxCFD Review

Investors at MaxCFD will find the new SpotOption 5.0 web-based CFD trading platform which offers more than 100 underlying assets to trade. The software is extremely easy to use and simple for new traders. You can select the leverage amount you would like to use, your Stop Loss, and a Take Profits amount.

Many traders use the automated trading robot from ForexRobot.com with this broker.

All major and minor currency pairs are available, plus you can trade CFDs on Commodities like Gold and Silver, Market Indices, Individual Stocks like Baidu, Twitter, FedEx and Twitter. Free trading signals are available for free to all trader. The minimum trade size is $25, and the minimum needed to start trading is $250.

MaxCFD Trading Platform
MaxCFD Brokers Trading Platform

MaxCFD License Check

Scam Broker Investigator reviews hundreds of Forex, Binary Options and CFD brokers to see if they are a legitimate brokers or a scam brokers. The one thing we check to see is if the broker is licensed and regulated by FCA, ASIC or FSB. Using a licensed broker means that your funds are usually insured by the government regulator, and they are held in segregated accounts at Tier 1 banks.

During our review of MaxCFD, we do not see a license.

If you are interested in investing with a licensed forex brokers, look at the current list of regulated brokers, look here.

Compare MaxCFD

It is very common for most investors, to have multiple trading accounts at a variety of brokers. Here are some of the popular brokers today;

AVAtrade is an establish Forex broker that is licensed in the EU, Japan and Australia. They have a great trading platform, with great auto trading solutions, see here.

Plus500 is a very popular CFD broker, licensed by FCA & ASIC. The minimum deposit is only $100, or just try the Free Demo at: Plus500.com.

Best Online Brokers

Are you currently investing in CFD’s with this broker? What was your experience, and are they a good broker? Please leave your review in the comment section below.

MaxCFD Review

MaxCFD Broker

MaxCFD is an unlicensed CFD trading broker that was founded in 2017. MaxCFD is owned and operated by Chemi Holdings Limited which is located at: 2nd Floor, 1-2 Broadgate, London, Greater London, EC2M 2QS, United Kingdom.

Contact phone number in England is: +44 208 068 9432, and customer support email address is: Support@MaxCFD.com.

For complaints or withdrawal issues read this.

MaxCFD Review

Investors at MaxCFD will find the new SpotOption 5.0 web-based CFD trading platform which offers more than 100 underlying assets to trade. The software is extremely easy to use and simple for new traders. You can select the leverage amount you would like to use, your Stop Loss, and a Take Profits amount.

Many traders use the automated trading robot from ForexRobot.com with this broker.

All major and minor currency pairs are available, plus you can trade CFDs on Commodities like Gold and Silver, Market Indices, Individual Stocks like Baidu, Twitter, FedEx and Twitter. Free trading signals are available for free to all trader. The minimum trade size is $25, and the minimum needed to start trading is $250.

MaxCFD Trading Platform
MaxCFD Brokers Trading Platform

MaxCFD License Check

Scam Broker Investigator reviews hundreds of Forex, Binary Options and CFD brokers to see if they are a legitimate brokers or a scam brokers. The one thing we check to see is if the broker is licensed and regulated by FCA, ASIC or FSB. Using a licensed broker means that your funds are usually insured by the government regulator, and they are held in segregated accounts at Tier 1 banks.

During our review of MaxCFD, we do not see a license.

If you are interested in investing with a licensed forex brokers, look at the current list of regulated brokers, look here.

Compare MaxCFD

It is very common for most investors, to have multiple trading accounts at a variety of brokers. Here are some of the popular brokers today;

AVAtrade is an establish Forex broker that is licensed in the EU, Japan and Australia. They have a great trading platform, with great auto trading solutions, see here.

Plus500 is a very popular CFD broker, licensed by FCA & ASIC. The minimum deposit is only $100, or just try the Free Demo at: Plus500.com.

Best Online Brokers

Are you currently investing in CFD’s with this broker? What was your experience, and are they a good broker? Please leave your review in the comment section below.

Reviewed by Scam Broker Reviews
  • Shino Tavangar

    They are the worse ever, do not trust them !!!

  • Shino Tavangar

    It’s scam and spam MAXCFD, please do not trust or deposit any money over there since they have big issues with their website and getting money out from them it’s extremely hard – so dont TRUST them!

    • Hendrik Hoffmann

      The above is not true. They are a pure scam. They do not assist with withdrawals, they do not respond to follow up emails, their phone lines do not work (just plays crappy music the whole time) and their address is that of a serviced office service, who do not know who they are. STAY AWAY!!!

      • Shino Tavangar

        Maybe u are rihgt Hendrik, i still havent seen my money, and i did all that they asked for, but i have been able to call them or reply on email ..

        • Steve Lee

          I am having the same problem myself now

  • Simone stubbs

    I joined maxcfd 3 weeks ago. I had lots of calls from brokers and ended up with a junior account manager. He worked for 2 weeks to gain my trust and build up the profits in my account. In total I deposited $2500 over the space of a week. My account manager told me I could withdraw funds at any point and just wanted to build up a decent profit. After the account balance went up to $4165 , I requested a withdrawal of $1500. He then said he wanted to trade 2 more days on my account and then he would give me the withdrawal. Now I’m trying to find out what happened and I get told by a “recovery manager ” that the money is gone and I need to deposit more to so I can reach the trade volume necessary to withdraw from my account. When I initially asked my account manager about this, he said there’s no bonus on my account and I can withdraw anytime. When I tried to speak to him, I get told he’s no longer managing my account. This is a scam…dont trust them!! I’ve lost $2500 with no explanation accept, it’s in the terms and conditions.

  • Sandeep

    Hi,
    I too have the same experience. I was buttered to invest 2.5K. Later I saw the reviews and requested a withdrawal. The agent wanted be to believe them and approved the withdrawal. Partial sum was returned and it happened fine. I was forced to invest some amount on certain products. I was told that they will add a bonus which will take care of any losses and should ensure I do not lose. The agent asked me to put in certain amounts into few of the products like forex, gold etc. He made nice statements that he does not want to see me losing as they want to expand their business in my location and all that. Each of the trade entered had a stop/loss amount provided. He did not care to tell me or explain if the trade goes below this then I lose everything. He said do not do anything for few days as he will take care and in a week I should see good profits. HE NEVER SAID I WILL LOSE EVERYTHING THAT IS INVESTED JUST BECUASE THE TRADE WENT BELOW THE CRITICAL TARGET. I trusted him but was also monitoring what was happening. He could have told me how it works and advised me to monitor and withdraw if it is going down. But NO he did not say any. THIS ONLY means this was a shady stuff . In a couple of days I saw the investments were expired . I was trying to reach him/dropped mails but no response. Exactly a week later he answers and says everything is gone. THIS IS INCREDIBLE. HOW CAN EVERYTHING CAN BE LOST. After trying to get a clear answer I realized that they will not do anything about it. He says he lost too as he gave me bonus. CAN WE BELIEVE THIS. Later he offered to recover some loses but he wanted me to invest alteast 1K more. There were good chances that I will lose this as well. He tried to sell it but I DECIDED TO STOP. I had a small amount left which I withdraw. In any case though I got back some I lost some. DO NOT BELIEVE THESE CHEATERS. I do not know how it works but certainly do not believe that one can lose everything just like that in a matter of day/s. I understand you can lose something but EVERYTHINGjust like that.
    People who are looking at using MAXCFD , my request do not believe the cheaters. My cheater was Andy Miller (+442036080816 , andym@maxcfd.com). He might say people who have tasted sour grapes who give such negative feedback. But this is my experience and if you like not to end up with the same do not believe these cheats.

    • Marilyn Madella-Amadei

      How does this bonus thing of theirs work? I was given two bonus of $10,000 and $2,000 when I deposited $20,000. They made me do two small trades of $2,500 and $2,000 which are now expired. When I told them I want to close my account and get my money back they said no I can’t because they gave me a bonus (which I did not ask for and don’t want and they wont take it back) … now they say I have to trade accord to their terms and conditions of 30 trades per $1 bonus? any idea what that means …. I obviously will not be trading and am likely to loose my $20,000 but as they wont let me withdraw any of it …. this is basically an illegal nightmare !!!!

  • James McCarthy

    Massive scam. Stay clear.

  • Marilyn Madella-Amadei

    How did you approach them with their bonus thing … I was given it without asking or knowing what it was for and now I can’t get out because of the bonus ….. I risk losing $20,000

  • Helen Wintle

    Yes this company is a scam. They said I could start trading with $US250 and when the broker came on he sneered down the phone saying that was just a registration fee and that I would need thousands more to trade. I requested a withdrawal (this all happened within half an hour of transferring the money). 48 hours later and 3 emails requesting a refund and no response. NEVER DEAL WITH THESE CRIMINALS.

  • Brian

    ******DO NOT DEPOSIT WITH THESE CROOKS******

    I am writing this complaining about a company called MAXCFD, an unregistered trading platform company based out of London.

    I was stupid enough to deposit with this company (without doing any due diligence) at first with a very small amount $500 and traded a little Crypto Currency for a few days. Without knowing their platform too much, it appears their trading positions stop trading,
    regardless of your position at midnight GMT. Although I am a British Citizen, I live outside of the UK. When I noticed this, I called the support desk, which states is 24 hours a day, but is clearly not and is manned by people who know
    very little about the product. I was told I would be contacted by a broker/analyst who will explain the situation.

    The analyst called me the next day (Chris Rose (Chrisr@maxcfd.com) and was extremely “bullish” in his sale of the company profile, what they did and how much money they would make me. They wanted me to invest another $5,000.00 with them based on this information. Although I was not prepared to do this and stood my ground, the analyst stated he would put in $2,000.00 if I put in another $3,000.00, siting it was easier and better to make money with this amount of funding. Again, stupidly enough, I deposited the amount, with very little understanding and knowledge of the information on the Internet about how this company not only loses customers funds, but scams and defrauds people out of their funds.

    After a few days of research I decided to contact the company and request a withdrawal. I was sent a document to complete for KYC purposes, which I passed (I have the email as proof). The analyst then started to call me and ask why I wanted to close the account and hounding me for more time to make trades and he will help me every step of the way. All I said was that “I wanted to have my payout and close the account”. At this time the analyst started getting very rude and abrupt with me stating that it was not possible that I had to turnover or trade at least 40-60 of my deposit before I was allowed to request a payout (This is by no means normal trading practice) – None of this is in any T’s and C’s on the site at all. I was given 2 options to payout 2, both options that I do not have, Skrill and a CC/DC that I funded with. I did not fund using a CC/DC, so I am unable to request funds back to either of these.

    All this has been going on since early October, 2017. Now, their support line, they state is 24/7, it’s not! Their support staff are meant to be in a position to assist, they are not, their telephone numbers, when trying to call,
    do not work. I have been receiving calls from the analyst, however, giving the time zone differences (and countless times I’ve explained this) they keep calling between 1am-3am. When I respond to emails, there is no answer. When I try to call the numbers, there is no answer, as all calls seem to be proxied through some different location. No matter what I do now, to try and contact these people, I cannot. It appears I am in limbo with $3,500.00 stuck in an
    account that I am not allowed to withdrawal.

    I asked for a new account manager – He (Roger Foster (Rogerf@maxcfd.com), called me 3 times and has failed to respond to every email I have sent back.

    MAXCFD is owned and operated by Chemmi Holdings Limited, Company Number 9870892. Owner is Mihaly Tamas FARKAS from Hungary.

    At this stage none of my calls are being answered by the Support team nor my emails returned by the “so called” traders.

    I try to call the following numbers:

    +44 151 808 1427
    +44 208 068 9432
    +44 203 514 2693
    +44 203 514 2683

    All calls are either ignored, get a message stating “incoming call tested OK”, then a hang up or just simply no answer.

    Chris Rose (ChrisR@maxcfd.com) and Roger Foster (RogerF@maxcfd.com) are the 2 “so called” brokers I have dealt with and now, they are not returning my emails and I cannot get hold of anyone on the support line.

    All other (registered) trading apps that I have used “do not” impose these restrictions (on withdrawals) on you as a customer.

    Learn from our/my mistake – These guys are scam artists, crooks, criminals and will lure you in and never get back in touch with you. It is also very likely you will not see your “investment” again.

    *****DO NOT INVEST WITH THESE PEOPLE*****

  • Marilyn Madella-Amadei

    ** DO NOT EVER TRADE WITH MAXCFD *** IT IS A SCAM !!!!!!

    My account number is 2111419

    On 16/10/2017 I was googling what is Bitcoin. Somehow I ended up on the MaxCFD website … I thought just to try out buying Bitcoin a bit as an experiment I signed up and bought $500 worth. Literally a minute later I got a call from someone called Max Hudson who welcomed me to Maxcfd. That same afternoon I got a call from their Senior Trader called Chris Rose. A Croatian living in London. He was very polite and informative and told me he would call me the next day to tell me all about Maxcfd and trading.

    I was happy to listen and the next day took his call, Before I knew it he had persuaded me to call my bank and I sent him two payments of $10,000 each. This was apparently to buy 4 Bitcoins he had taken it upon himself to reserve for me (post my initial small trade)

    He also gave me a whole trading lecture on how he was going to manage my money with 50% in long term, 30% short term and 20% liquidity. He told me he had over 300 very happy clients for which he was making a load of money and that MaxCFD had more than 800,000 clients worldwide including some very large corporates all of whom are very happy with the service they are receiving.

    He said MaxCFD is regulated by the LTI, they have 800,000 clients including large corporates all trading hundreds of thousands of $ even millions with them.

    There and then on 17/10/2017 he got me to buy $2,000 worth of ETHERUM and $2,500 worth of LITECOIN.

    He said he wanted to show me how their trading system works and I must just follow his instructions which I (very naively) did. Needless to say I do not know anything about either of these assets and just followed his instructions.

    He then posted a $10,000 “leverage” / “dividend” to my account telling me this is standard procedure from MaxCFD to “welcome” new clients. I told him I do not believe in a free lunch but he insisted that the money should just stay there.
    Had Chris Rose been honest and mentioned that what he was in fact doing was adding “bonus” money to my account that came with the most ludicrous set of conditions Alarm bells would have started raining very loudly!

    The next day the ETHEREUM and LITECOIN positions showed up as “expired positions” on my account. My $500 worth of BITCOIN also showed up as as “expired position”. I have tried asking what this means and am waiting for a reply.

    I now think I know what this means, because Chris Rose got me to trade with him I am now tied in ?

    On 18/10/2017 he posted a bonus of $2,000 on my account. Again without my permission and this time without even telling me.

    On 18/10/2017 in the morning when I had some time I started googling about Maxcfd and nearly had a heart attack!! Every web-site reporting SCAM brokers tells you NOT to deal with them as they are listed as SCAM.

    I immediately spoke to Chris Rose and explained that there is no way I would progress further with anything until he had set up my Withdrawal system and showed me that it is working.

    His compliance team sent me some forms to fill out so that I could make the withdrawal. He told me not to panic as I am allowed to withdraw the full amount form my account whenever I want and everything will be just fine. The paperwork suddenly starts pointing to the MaxCFD terms and conditions which nobody had pointed out and I nearly passed out when I read them! For every $1 of bonus money they have put on the account (WITHOUT my asking for it, wanting it or approving it) I must trade 30 times the value in order to liquidate my $20,000 deposit that I made.
    In my case this is $360,000 worth of trading.
    Basically I will NEVER do a single trade with MaxCFD.

    Despite all this I I wanted my money back so I filled in the forms and sent them back.

    I put in a request for $500 on 19/10/2017. This being the small BITCOIN take I did when I opened the account.
    Same day they sent the money back !!! So good news is their withdrawal system works.

    I also e-mailed Chris Rose that same night and told him I wanted all my $20,000 back.

    On 19/10/2017 I immediately put in a request for the $20,000 to be withdrawn also.

    The same day Chris Rose gave me another one of his trading lectures. He spoke for about 15 minutes about EUR/JPY and what in his opinion made the price move. He was very insistent on using external software to remotely log onto my PC to demonstrate this. Having done this with work colleagues before I did not entirely scare me but had he not have been so pushy and now a bit aggressive I would not have allowed him. Now I think about it I should never have allowed it !!!! Additionally given I have a bit of a financial background his trading explanation was nothing but a smoke screen! for what I am still not sure ….

    On 19/10/2017 I e-mailed him again telling him that I am very sorry but I do not want to trade any of his products or trade with him or trade with MaxCFD and all I want to do is close my account and get my $20,000 back !!!
    I told him I do not like the products that they sell, I do not like their business or their website and I want my money back.

    On 20/10/2017 Chris Rose called me now getting agitated and aggressive on the phone and telling me that it is “too late”. I have already traded with him and I cannot get my money back.

    He insisted that I must now trade my way out of the $20,000 in order to liquidate my account.

    When I try to phone MaxCFD I get the following message “We are sorry but we cannot handle your call at the moment. This is a temporary fault and will be fixed shortly.

    So basically you cannot call them, you have to wait for them to call you. Incidentally the entire company seems to have the same phone number +44 203 608 0828

    When I googled the LTI – the body they are apparently regulated by, it does not exist.

    When I google Chris Rose at MaxCFD there is no professional profile for him.

    Sadly, this all points to one big SCAM !!! I have no idea if they are even based in London, from reading all the posts about them they are definitely not regulated and Chris Rose could be anybody !!

    I have obviously put a lock on MaxCFD trying to get money off my card and left 0 balance on my account with no overdraft limit. This means if they try to take any money form me it will be declined but the card will remain active should they try to put money back onto it.

    The sad thing about this story is all I wanted to do is buy $500 of bitcoin as an experiment to learn a bit about it. I have ended up being conned out of $20,000 on some “bonus” system that only transpired after I tried to get my money back. TWO bonuses I did not ask for, did not approve and did not even need or want!

    Last week Chris Rose put me in tough with the “head of the finance department” Robert Klien.
    He sounds just like Chris Rose and tells me all the same things Chris Rose tells me.
    His e-mail address comes up as Robert Myers ?? Go figure ?
    He told me he is going to speak to the CEO of the company on Monday and revert back to me.

    Anyway they are clearly not happy about me posting my story on every single web-site I can find.
    I have reported them to Actionfraud police and to the Forex Peace Army (FPA)

    The more people speak up about them the quicker they are likely to be closed down .

  • Lea Bentzen

    I suggest you all report them to the FCA, here is the link https://www.fca.org.uk/consumers/report-scam-unauthorised-firm
    They should be shut down.

  • Wayne McGrath

    I am still contacting them daily hoping to get my money returned. My account still shows the money I deposited and the processed document is their to see dated the 18th of September. It is now the 3rd of November ans still nothing. I have not traded with them so there is no reason to say anything has been lost. I will continue until they return my money and although I have not pursued other avenues as yet, despite threatening, I will eventually. I wll give them all the opportunity to return my money, but I am running out of patience now !

  • Brian

    Update –

    I have also been in daily contact with the so called account managers “Scammers” on a daily basis.

    Roger Foster (Rogerf@maxcfd.com) email address no longer exists, so I am back to chasing the CS team for my money – what a waste of time this is. He told me he would get in touch with their financial team to get me my money back. Again, stall tactics. My account remains static as well without any trades and “STILL” no money back.

    These guys are crooks and thieves. My next step is legal action.

    I have reported these guys to the FCA, Financial Ombudsman, Cyprus Financial Exchange and Commission.

    The fight continues…….

  • Johannes Meyer

    ask maxcfd to refund, they don’t do it!!!! So far I believe this must be a scam. Don’t pay money in this people account, they crooks!!!