Score
Maxain
Hong Kong|5-10 years| https://www.maxainasia.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
SingaporeContact
Licenses
Single Core
1G
40G
Contact number
+852 31888975
Other ways of contact
Broker Information
More
Maxain Group Limited
Maxain
Hong Kong
Pyramid scheme complaint
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RedStoneFX at Wiki Finance EXPO Singapore 2023
RedstoneFX is passionate about providing clients with the best trading environment in the market. Our goal is to respect Expensive customers and provide a continuous and stable trading environment, high-quality trading products, lower spreads, the fastest Execution speed, optimal leverage selection, in-depth analytical reporting, and unrivaled customer service. With the mission of creating an hone
Singapore
EXPORedStoneFX at Wiki Finance EXPO Singapore 2023
RedstoneFX is passionate about providing clients with the best trading environment in the market. Our goal is to respect Expensive customers and provide a continuous and stable trading environment, high-quality trading products, lower spreads, the fastest Execution speed, optimal leverage selection, in-depth analytical reporting, and unrivaled customer service. With the mission of creating an hone
Singapore EXPOWikiFX Verification
Singapore EXPO| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1 |
| Minimum Spread | from 1.3 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | $10000 |
| Minimum Spread | from 0.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $7 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1 |
| Minimum Spread | from 1.7 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Maxain · Company Summary
Company Summary
Company profile
Maxain is operated by Maxain International Limited (registration number: 25526 bc 2019), an international commercial company based in St. Vincent and the Grenadines.
Maxain is owned by Maxain Group, which has been making unremitting efforts in the financial technology industry to provide excellent services to institutional and retail customers. Its securities brand Maxin has also become a trusted and relied upon partner of investors.
| MaxainReview Summary | |
| Founded | 2017 |
| Registered Country/Region | Hong Kong |
| Regulation | LFSA regulated |
| Market Instruments | Forex, Indices, Metals, Energy, Stock CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1000x |
| Spread | From 1.3 pips (Cent account) |
| Min Deposit | $0.01 |
| Trading Platform | MT4 |
| Customer Support | Live chat, contact form |
| Tel: +852 31888975 | |
| Email: support@maxaingroup.com | |
| Social media: Facebook, Twitter, Instagram, LinkedIn, YouTube | |
| Address: Workshop 60, 3/F, Block A, East Sun Industrial Centre, No.16 Shing Yip Street, Kowloon, Hong Kong | |
| Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia | |
| Unit 20-05, Level 20, Q Sentral, 2A Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, W.P. Kuala Lumpur, Malaysia | |
| Financial Services Center Stoney Ground, Kingstown St. Vincent & the Grenadines | |
| Region Restrictions | The United States, Hong Kong, Canada, Haiti, Iran, Suriname, Democratic Peoples Republic of Korea, Puerto Rico, Brazil, occupied areas of Cyprus, Syria, North Korea, and Cuba resident |
Maxain Information
Maxain is aregulated brokerage entity with the parent company in Hong Kong and 3 subsidiaries in Malaysia and St. Vincent & the Grenadines. The company offers trading services in Forex, Indices, Metals, Energy and Stock CFDs to global clients.
A demo account is available for practicing and 3 tiered live accounts suit clients with varying experience levels. Minimum deposit is favourable at $0.01, with tight spread from 0 pips. Investors can execute trades via the advanced MT4 platform. Economic calendar allows traders to catch the latest market news for analysis and copy trading helps newcomers to imitate strategies from successful traders to gain profits quickly.
Except for that, the broker also offers abudant educational resources such as morning analysis and daily commentary for traders to seize market opportunities via in-depth articles.
Moreover, an assuring news is that the broker holds an LFSA license and is regulated by this authority, to some extent gurantees industry standard compliance and customer protection.
Pros and Cons
| Pros | Cons |
| LFSA regulated | Long list of non-service countries |
| Demo accounts | |
| Tiered live accounts | |
| Affordable minimum deposit | |
| MT4 trading platform | |
| No deposit/withdrawal fees | |
| Global presence | |
| Rich educational resources |
Is Maxain Legit?
Maxain is officially regulated by Labuan Financial Services Authority (LFSA ) in Malaysia, with a Straight Through Processing (STP) license numbering at MB/23/2017.
| Regulated Country | Regulator | Regulatory Status | Regulated Entity | License Type | License Number |
 | LFSA | Regulated | Maxain LimitedTrading212 UK Limited | Straight Through Processing (STP) | MB/23/2017 |
What Can I Trade on Maxain?
With Maxain, you can trade 100+ popular market instruments, mainly in four asset classes: forex, commodities (metals, energy), indices and stock CFDs.
Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. With Maxain, you can trade both metals and energies.
Indices: Indices are statistical measures that represent the performance of a specific group of assets, such as stocks or bonds, helping investors gauge market trends and economic health.
Stocks: Stocks represent ownership of certain big companies like Apple, Amazon, Tesla, etc. enabling traders to participate in their growth and profits.
When dealing with investment, putting eggs in different baskets to scatter risks is a primary principle you should comply.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Spread & Commission
Maxain not only offers demo accounts for strategy testing and practicing, but also 3 tiered live accounts for various client groups.
The CENT account and the PRO account are beginner-friendly with minimum deposits from $0.01 and $1 respectively. Spread is the same from 1.3 pips and both accounts are commission-free. But you can only trade around 40 instruments at CENT account while the number is 100 for PRO account.
After obtaining enough experience and capital, you can go further and open an ECN account which has tighter spread from 0 pips and charges a commission of $7 per lot traded. However, you need to deposit at least $1000 to enjoy the benefits.
EA and scalping are available across all account types.
| Account Type | CENT | PRO | ECN |
| Min Deposit | $0.01 | $1 | $10,000 |
| Trading Unit | 0.01 | ||
| Trading Instruments | 40+ | 100+ | 100+ |
| Spread | From 1.3 pips | From 0.0 pips | |
| Commission | $0 | $7 | |
| Max Leverage | 1:400 | 1:1000 | 1:100 |
| Allow EA | ✔ | ✔ | ✔ |
| Allowing Scalping | ✔ | ✔ | ✔ |
| Stop Out | 50% | 100% | |
Leverage
Leverage, a trading tool that enables you to control larger positions with smaller capital, should always be used cautiously, with risk management indispensable for every investors.
With Maxain, leverage level is up to 1:400 in CENT account, 1:1000 in PRO account and 1:100 in ECN account.
Trading Platform
Maxain provides the world-acclaimed Metatrader 4 platform, popular for its advanced charting tools, user-friendly interface and built-in market analysis.
The app version of the platform can be downloaded from Windows desktop, Android and iOS devices, allowing you to trade on the go and never miss any trade changes.
Deposit and Withdrawal
Maxain accepts account funding via UnionPay, Wechat pay, Alipay, Visa and USDT, and the broker does not charge any handling fees for deposits and withdrawals.
Withdrawals are usually processed within 2-3 working days, and the time will be extended if the application is large.
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