Crypto Max Returns is a forex broker with an official domain name registered on July 14, 2023, mainly offering investors trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF contracts for difference. This broker does not provide services in jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the official website of Crypto Max Returns reveals that the broker has multiple corporate entities under its umbrella and is regulated by several regulators. Among them, Crypto Max Returns Ltd has been authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with the license number being 1780019. Crypto Max Returns (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd registered with the German Federal Financial Supervisory Authority (BaFin), and the broker has also been authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer on October 2, 2017, under license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with the license number being SD0175.
According to verification of its openly available information, the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Seychelles Financial Services Authority (FSA) do not have regulatory registration information for this broker.
Account Opening:
To open an account with Crypto Max Returns, visit the broker's official website and click "SIGN UP FOR FREE" on the homepage or "SIGN UP" at the top right corner of the page to enter the account registration page. Follow the instructions to fill in your name, email address, and other personal information, and set a login password to submit. After submitting the application, the account will be successfully registered.
Account Types:
Crypto Max Returns offers users a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, details such as spreads, trading leverage, margin call/stop out levels, contract sizes, as well as commission charges, minimum/maximum trade sizes, maximum number of positions/orders, and minimum price precision are not disclosed on its official website.
Trading Platform:
Crypto Max Returns provides users with its proprietary trading platform.
Deposits and Withdrawals:
Crypto Max Returns supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Crypto Max Returns is a scam platform offering false regulatory information. The website design and content of this broker are identical to those of TradeWell Exchange, SwiftPay FX, MobileCrypto FX, Ocean View FX, Phemextrade, and SplitNow Invest. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
