Kodimax is an offshore CFD’s and Forex Broker, that opened in May 2019.
For complaints and withdrawal problems, read this.
Kodimax Detailed Review
Our in depth review of the broker called Kodimax shows, that the trading software they offer investors is from Airsoft. It is a simple web-based CFD trading platform, and you not be able to use the industry standard MetaTrader4 or mobile trading app. If you look at the screenshot below, you will see what their web-based trading platform looks like. Over 200 underlying assets are available for CFD trading including; Cannabis Stocks, Crypto Currencies, Forex Pairs, Stocks, Commodities and Market Indexes.
Kodimax’s website and trading platform is only available in English, as they seem to be targeting investors in England. New investors are required to deposit a minimum of $250 to start trading.
Automated trading robots like Bitcoin Loophole, advertise via Fake News articles and illegally use the images of known celebrities and actors. Before falling victim of one of those get rich quick scams, read this article.
Is Kodimax a Regulated Broker?
No, Kodimax is not a licensed broker.
Owned and operated by: Personal Group Activity LTD, and located at: Lazur, 8A Georgi Baev Street, Ground Floor, Office #3 Bourgas 80001 Bulgaria. They list contact phone numbers in England of: +44 2039360736, and a contact email address of: [email protected]. Official website is at: https://www.Kodimax.com/.
Scam Broker Investigator uses a simple method to determine if a Forex broker is legitimate or a scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSCA South Africa, FCA United Kingdom or ASIC Australia. You should look at today’s most popular brokers that are licensed and insured, see here.
Warning from FCA United Kingdom! On January 21st 2020, the FCA warns investors “We believe this firm has been providing financial services or products in the UK without our authorisation”, read more.
Compare Online Brokers
There are many licensed Crypto / Forex CFD brokers to choose from online, therefore, you should first look at the best brokers.
ForTrade is a popular broker for new investors, that is licensed and regulated by ASIC and FCA, look here.
Start with a Free Demo of their unique trading platform, signup here.
Are you already invested with this broker? Please share your investing experience, with new investors reading this review.