Maxtra Financial Limited is a forex broker whose official website domain was registered on May 12, 2023. It primarily offers investors trading services in financial derivatives such as foreign exchange, stocks, futures, energy, precious metals, and cryptocurrencies. The address of its headquarters is unknown. This broker does not provide services to jurisdictions where it might violate local laws or regulations, such as North Korea, Israel, China, Vanuatu, and Cuba.
Company Registration Information and Regulatory Status:
According to the official website of Maxtra Financial Limited, its headquarters are located in London. Its subsidiaries are regulated by the Financial Crimes Enforcement Network (FinCEN) MSB in the United States and are also registered with the National Futures Association (NFA) in the US, being subject to its audits and supervision, with an NFA ID of 146789.
Upon verification, the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States did not find a registered entity named Maxtra Financial Limited. Furthermore, the NFA assigns seven-digit ID numbers, whereas 146789 is a six-digit number, which does not match the NFA's criteria. Therefore, the number 146789 was not found in the NFA's records.
Additionally, the web design and content of this broker are identical to those of brokers such as CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, GYG INVESTMENT LTD, and others.
Account Opening:
To open an account with Maxtra Financial Limited: Access the broker's official website, click "Register" on the homepage or top right corner of the webpage, enter your email address, set a password, and submit. After submitting the application, the account is successfully registered.
Trading Account Information:
The official website of Maxtra Financial Limited only discloses information regarding spreads, trading leverage, margin levels for stop out/call, and contract sizes, but does not disclose information on account types, trading commissions, minimum/maximum trading volume, maximum positions/orders, or minimum price precision.
Spreads: Floating spreads, starting from 1 pip.
Trading Leverage: 1:100—1:500
Margin Call/Stop Out Levels: 100%/50%
Contract Size: 1 lot = 100,000 currency units
Trading Platform:
Maxtra Financial Limited offers users a proprietary trading platform named Textdiy.
Deposits and Withdrawals:
Maxtra Financial Limited has not explicitly disclosed on its official website the supported methods of deposit and withdrawal, their fees, or the minimum deposit and withdrawal amounts.
Summary:
Traderknows reminds investors that Maxtra Financial Limited is a forex scam website with opaque registration and regulatory information, and suspected false advertising. The only means of contact is through email, and the contact method is extremely limited. The website design and content are using the same template as CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, GYG INVESTMENT LTD, and other brokerage websites. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
