OD MAX is a forex broker established in 2023, primarily offering investors trading services in forex, stocks, spot indices, futures, precious metals, and energy. The company's official website supports seven languages: German, English, Indonesian, Japanese, Thai, Vietnamese, and Simplified Chinese. The official website does not disclose registration and regulatory information, and websites not under effective regulation pose a higher financial risk.
Registration and Regulation Information:
The OD MAX official website does not disclose where and when the company was registered, nor does it disclose whether the company is under effective regulation. The lack of registration and regulatory information indicates an extremely high risk, and users may suffer financial losses by using this platform.
A search on the Whois website reveals that the official website was registered on December 13, 2023, less than half a year ago.
Account Types and Registration:
OD MAX does not offer different types of accounts for users to choose from, nor does it disclose specific parameters of these account types, which may result in information asymmetry and a higher security risk for users.
Leverage Ratio:
OD MAX discloses different leverage ratios for different products on its official website, rather than determining the leverage ratio based on the account type. The maximum leverage for forex is 1:500, while it is 1:200 for precious metals.
Trading Products:
OD MAX's official website information shows that the company offers a variety of commodities for investors to trade, including forex, stocks, spot indices, futures, precious metals, and energy, with diverse forms of trading. Investors can choose their preferred type of commodity.
It should be noted that not every commodity has a detailed introduction and real-time data, and each commodity has its unique parameters, including different maximum leverages.
Deposits and Withdrawals:
OD MAX only mentions on its official website that its deposit and withdrawal channels include wire transfer, debit/credit cards, and online payments, but does not specify or disclose any details, including whether any fees are involved.
Trading Software:
OD MAX uses ST5 as its trading software, providing download entries for web, Android, and iOS platforms.
It should be noted that there are errors in the download entries for Android and iOS platforms, with links leading to another application.
Customer Support:
The OD MAX official website offers two contact methods: email and online customer service. However, there is currently a bug in the online customer service portal making it unusable, leaving only email as a contact method.
Summary:
As a forex broker, OD MAX offers a rich variety of commodities for trading, but data for many specific commodities is not disclosed. The broker lacks information in several key areas, including company background, registration and regulation information, details on deposits and withdrawals, and contact methods. It's essential for investors considering trading with OD MAX to conduct thorough research and risk assessment, as using the platform could pose a significant risk to funds.
Currently, OD MAX is marked as "suspected fraud" on the Traderknows.
