Score
SAFUMAX
Hong Kong|5-10 years| http://www.safumax.com/en/index.php
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United StatesContact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
5-10 years Suspicious Regulatory License MT4 Full License Regional Brokers New Zealand Financial Service Corporate Revoked Australia Appointed Representative(AR) Revoked Suspicious Overrun High potential risk
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
safumax.com
Server Location
Hong Kong
Website Domain Name
safumax.com
Website
WHOIS.CNOLNIC.COM
Company
XIAMEN CHINASOURCE INTERNET SERVICE CO., LTD.
Domain Effective Date
2015-10-28
Server IP
47.244.111.90
Genealogy
VIP is not activated.Company Summary
Note: SAFUMAX's official website: https://www.safumax.com/ is currently inaccessible normally.
| SAFUMAX Review Summary | |
| Founded | 2015 |
| Registered Country/Region | China Hong Kong |
| Regulation | FSPR (Revoked) |
| Market Instruments | Forex, Indices, Commodities, and Digital Currencies |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | 6 pips |
| Trading Platforms | MT4 |
| Minimum Deposit | / |
| Customer Support | Phone: 85251283808 |
| Email: cs@safumax.com | |
| Address: 6c Morrin Road SainT Johns Auckland | |
Registered in 2015, SAFUMAX is an unregulated brokerage company based in Hong Kong. It claims to offer Forex, Indices, Commodities, and Digital Currencies. However, its license has already been revoked.
Pros and Cons
| Pros | Cons |
| / | Non-functional website |
| Revoked license | |
| Lack of transparency | |
| Limited info on trading fees |
Is SAFUMAX Legit?
At present, SAFUMAX's license under the Financial Service Providers Register (FSPR) has been revoked. Its domain was registered on Oct 28, 2015, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on SAFUMAX?
SAFUMAX claims to offer Forex, Indices, Commodities, and Digital Currencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread
SAFUMAX only provides a single account type.
| Trading Account | Min. Deposit | Max. Leverage | Spread |
| Standard | / | 1:100 | 6 pips, fixed + $50 /lot |
Trading Platform
SAFUMAX claims to provide MT4 platform.
Keywords
- 5-10 years
- Suspicious Regulatory License
- MT4 Full License
- Regional Brokers
- New Zealand Financial Service Corporate Revoked
- Australia Appointed Representative(AR) Revoked
- Suspicious Overrun
- High potential risk
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FX2883727290
Hong Kong
It has been for the better part of a month. The customer service said the withdrawals are disabled now because of system upgrade. I wonder that the transfers should be suspended because of the system upgrade?
Exposure
2020-11-27
FX3637562261
Hong Kong
XAU/USD slumped by $115 on the evening of October 9. The trader opened sell with stop limit. Each order was sold at the stop limit price. And we can trade normally at that night in SAFUMAX. While SAFUMAX revoked all the orders on the grounds of abnormal trade the nest afternoon, resulting that traders' accounts became negative. How can we trust such platform which shinks responsibility? We can't make money.
Exposure
2020-11-11
青青83109
Hong Kong
The teacher on Weibo was a fraudster, whose account was sealed.I have no idea but call the police since the customer service was out of contact.
Exposure
2019-11-22
青青83109
Hong Kong
I knew the teacher through Weibo,who compulsory asked me to trade in this platform and deposit 15000 RMB.Then I deposited 10000 RMB for trading,placing 5 lots for the first order.Though having some doubts,I continued.Eventually,I made a loss.The teacher apologized because of the bad beginning.After profiting a little on the third order of crude oil,I made constant losses.Then the teacher recommended another platform,at which,I realized that it was a fraud platform!The customer service never answer the call!
Exposure
2019-11-04
dygyduieyh
Colombia
As a user of SAFUMAX, I have mixed feelings. I must acknowledge their trading system is highly intuitive and user-friendly. However, I was left disappointed when my successful trades were revoked the next day on the grounds of being labeled as 'abnormal'. This situation resulted in my account balance going into negative. Though the platform provides all the necessary tools, this incident has raised concerns about its reliability. How can a platform be trusted when it shrinks responsibility like this? I worry about investing more time and resources into SAFUMAX.
Neutral
2023-12-19