Maxwise is a new unlicensed / offshore CFD broker, that launched their website in January 2021.
We found this broker after signing up for a Get Rick Quick advertisement about investing in Amazon stock. Many people have problems withdrawing money from offshore brokers, see here.
Maxwise Review
Our review of the broker called Maxwise finds, that they are offering a very basic Forex / Crypto CFD trading platform, with TradingView charts. This trading app offers a variety of underlying assets to trade in the categories of: Forex Majors & Minors, Crypto, Market Indexes, Shares and Commodities.
Investors and Day traders will not find their mobile trading app on Google Play / iTunes, nor will they see the popular trading app from MT5 or MT4. The minimum deposit for a new trading account is usually $250, when dealing with a broker like this one.
Offshore brokers tend to offer higher margin rates than the licensed brokers. At Maxwise, the leverage offers on Forex is as high as 400:1, and on Oil it is 50:1. You can find popular Crypto and Forex trading apps, listed here.
Warning! This Broker is NOT Licensed…
Only invest with a legal broker, look here
Is Maxwise a Legit Broker?
No, Maxwise does not have any license, which means they are not a regulated broker.
Scam Broker Investigator has reviewed hundreds of Forex brokers, to see if they are scams or a legitimate broker. The proper way to research your Forex broker, is by checking to see if they are licensed by the FCA United Kingdom or Netherlands AFM.
Officially this broker is owned by: Stellorco Ltd, and located at; Tenancy 10, Marina House, Eden Island, Mahe, Seychelles. They don’t have a contact number listed on their website, but they will probably call a few minutes after you open your account. Customer service email address is: [email protected], and the official website is at: https://Max-wise.com.
Compare Brokers
You have a lot of Crypto brokers to choose from and compare online. You should read reviews of the most popular licensed Crypto and Forex brokers listed here.
If you are already currently investing with Maxwise, share your experience in the comments section below.