MaxicapitalShares is a cryptocurrency broker with a domain registered on September 16, 2023. This broker primarily offers investment services in the cryptocurrency trading market to retail and institutional clients but does not provide services in countries or regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the MaxicapitalShares website (www.maxicapital-shares.com) indicates that the broker has received preliminary approval from the Monetary Authority of Singapore (MAS) and has been granted a Major Payment Institution license under the Payment Services Act 2019 to provide DPT services. Additionally, MaxicapitalShares claims to be a company legally registered with the Financial Industry Regulatory Authority (FINRA), with the registration number CRD: 298311/SEC: 8-70183. It is also regulated by the U.S. Securities and Exchange Commission (SEC) and registered in Maryland with the registration number SEC CIK: 0001749018.
Upon verification, the Monetary Authority of Singapore (MAS) did not have any record of a regulated company named MaxicapitalShares. The only company authorized by MAS to provide DPT services is "BHOP CONSULTING PTE. LTD." According to FINRA, the company registered with the number CRD: 298311/SEC: 8-70183 is DIGITAL CAPITAL MARKETS LLC, and the SEC also lists the company with SEC CIK: 0001749018 as DIGITAL CAPITAL MARKETS LLC.
Therefore, MaxicapitalShares is suspected of false advertising and operating as an unregulated fraudulent website.
Account Opening Process
The account opening process for MaxicapitalShares includes visiting their official website, clicking "Get Started Now" or "SIGN UP" at the top right, filling in personal information such as name, email, phone number, and setting a login password, then submitting the form and verifying the account to complete registration.
Investment Plans
MaxicapitalShares offers users four different types of investment plans: BASIC, STANDARD, PREMIUM, PLATINUM.
BASIC:
- Minimum Deposit: $100
- Maximum Deposit: $999
- Return on Investment: 8%
- Referral Bonus: 5%
- Trading Cycle: 24 hours
- Instant Withdrawal
- Enhanced Security
- Access to All Features
- 24/7 Support
STANDARD:
- Minimum Deposit: $1,000
- Maximum Deposit: $9,999
- Return on Investment: 12%
- Referral Bonus: 5%
- Trading Cycle: 3 days
- Instant Withdrawal
- Enhanced Security
- Access to All Features
- 24/7 Support
PREMIUM:
- Minimum Deposit: $10,000
- Maximum Deposit: $99,999
- Return on Investment: 15%
- Referral Bonus: 5%
- Trading Cycle: 7 days
- Instant Withdrawal
- Enhanced Security
- Access to All Features
- 24/7 Support
PLATINUM:
- Minimum Deposit: $100,000
- Maximum Deposit: Unlimited
- Return on Investment: 20%
- Referral Bonus: 10%
- Trading Cycle: 1 month
- Instant Withdrawal
- Enhanced Security
- Access to All Features
- 24/7 Support
Trading Platform:
MaxicapitalShares provides a proprietary trading platform for users, which is only available on the web but lacks detailed information.
Deposits and Withdrawals:
MaxicapitalShares does not clearly disclose the supported methods for deposits and withdrawals on its website.
Conclusion:
Traderknows reminds investors that MaxicapitalShares is a scam broker that entices investors with promises of high returns, but in reality, it is not regulated. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for investment trading activities to avoid unnecessary financial loss.
Currently, this broker is marked as "Scam" on Traderknows.
