Score

2.07 /10
Danger

PEMAXX GLOBAL

Mauritius

2-5 years

Questionable Regulatory License

MT5 Full License

Regional Brokers

High Potential Risk

C

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Comparison

Quantity 7

Exposure

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Website

Score

Regulatory Index5.05

Business Index6.46

Risk Management Index2.71

Software Index6.02

License Index2.69

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Pemaxx Global Limited

Company Abbreviation

PEMAXX GLOBAL

Platform registered country and region

Mauritius

Company website

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Facebook

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WhatsApp

  • 971588351485

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-09-01
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • WikiFX has received 5 investor complaints against this broker. Please be aware of the risks.

WikiFX Verification

Pyramid scheme complaint
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    PEMAXX GLOBAL · Company summary
    Pemaxx Review Summary
    Founded2023
    Registered CountryMauritius
    RegulationFSC (Offshore regulated)
    Market InstrumentsForex, Commodities, Cryptos, CFDs, Indices, Stocks
    Demo Account
    LeverageUp to 1:500
    Spread (EUR/USD)From 0.1 pips (ECN account); 0.3–0.6 pip on other accounts
    Trading PlatformMetaTrader 5 (MT5)
    Minimum Deposit$10
    Customer SupportPhone: +971588351485
    Email: support@pemaxx.com

    Pemaxx Information

    Pemaxx, created in 2023 and registered in Mauritius, is a licensed broker with a license from the Mauritius Financial Services Commission (FSC, No. C24209694). It provides a comprehensive range of trading services, including forex, commodities, cryptocurrency, indices, and stocks, all accessible through the MetaTrader 5 platform, with several account kinds to meet the demands of different traders.

    Pemaxx's homepage

    Pros and Cons

    ProsCons
    Regulated by Mauritius FSCNo MetaTrader 4 or cTrader platforms
    Wide range of tradable instrumentsRelatively new, founded only in 2023
    Multiple account types, including ECN

    Is Pemaxx Legit?

    Yes, Pemaxx Global Limited is regulated. It holds a Retail Forex License issued by the Financial Services Commission (FSC) of Mauritius, under license number C24209694.

    Offshore regulated by FSC)

    What Can I Trade on Pemaxx?

    Pemaxx Global Limited provides a wide selection of tradable items, including major forex pairs, commodities, cryptocurrency, indices, and stocks. It portrays itself as a worldwide trusted partner offering a variety of trading solutions.

    Tradable InstrumentsSupported
    Forex
    Commodities
    Indices
    Stocks
    Cryptos
    Bonds
    Options
    ETFs
    What Can I Trade on Pemaxx?

    Account Type

    Pemaxx offers seven different types of live trading accounts, as well as demo accounts for practice. It also has swap-free (Islamic) accounts. Titanium and Diamond accounts are aimed for new traders; Silver and Gold are for small to medium traders; Platinum and Elite are for experienced traders looking for better terms; and the ECN account is for professional traders looking for the lowest spread.

    Account TypeMinimum DepositSpread (from)CommissionSuitable for
    Titanium$100.6 pips0Beginners with minimal capital
    Diamond$30Entry-level traders
    Silver$500.5 pipsSmall account traders
    Gold$100Small to medium traders
    Platinum$1,0000.3 pipsAdvanced traders
    Elite$1,000Advanced traders needing flexibility
    ECN$5,0000.1 pips$7Professional traders seeking ECN
    Account comparison

    Leverage

    Leverage Pemaxx provides leverage of up to 1:500 across its account categories. High leverage can dramatically improve gains on modest price movements, but it also increases the chance of huge losses, particularly in volatile markets, thus traders should exercise caution when using leverage.

    Pemaxx Fees

    Pemaxx Fees Overall, Pemaxx's fees are lower than industry averages, with its ECN account providing ultra-low spreads but a per-lot commission, whereas other accounts offer broader spreads but no commission.

    Account TypeSpread fromCommission
    ECN0.1 pips$7 per lot
    Platinum0.3 pips0
    Elite
    Gold0.5 pips
    Silver
    Diamond0.6 pips
    Titanium

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    MetaTrader 5 (MT5)Windows, macOS, iOS, Android, WebExperienced traders
    MetaTrader 4 (MT4)Beginners
    MT5

    Deposit and Withdrawal

    Pemaxx does not impose any deposit or withdrawal fees and provides commission-free transactions across all authorized payment methods. The minimum deposit varies by method, starting at $10.

    Payment MethodMinimum DepositFeesProcessing Time
    Credit Card$100Instant
    Bank Transfer$50
    PayPal$20
    Cheque$200
    Deposit and Withdrawal

    News

    ExposurePEMAXX GLOBAL Review 2026: Complaints, Withdrawals, and Risk Signals

    PEMAXX GLOBAL operates as an unregulated broker with a concerningly low WikiFX score of 2.07. Indian traders should exercise extreme caution due to severe user complaints regarding blocked withdrawals and disabled account access.

    WikiFX
    2026-08-10 11:30
    PEMAXX GLOBAL Review 2026: Complaints, Withdrawals, and Risk Signals

    ExposurePEMAXX GLOBAL Review 2026: Unregulated Status and Withdrawal Risks

    PEMAXX GLOBAL is an unregulated broker operating out of Mauritius with a low WikiFX score of 2.07/10. While some Indian users report a positive experience, multiple serious complaints flag unresolved withdrawal issues and unexpectedly blocked account access.

    WikiFX
    2026-07-29 11:30
    PEMAXX GLOBAL Review 2026: Unregulated Status and Withdrawal Risks

    ExposurePemaxx Review: Fund Scams & No Withdrawals, Say Traders

    Does Pemaxx prevent you from withdrawing funds once you make profits? Has the Mauritius-based forex broker disabled your trading account upon your withdrawal request? Do you fail to withdraw funds despite meeting the trading lot requirements? These scam-like trading activities have allegedly become a part of the broker’s operation, as many traders have complained about them online. In this Pemaxx review article, we have highlighted their comments against the forex broker. Keep reading!

    WikiFX
    2026-01-30 17:34
    Pemaxx Review: Fund Scams & No Withdrawals, Say Traders

    NewsWikiFX Broker Assessment Series| Pemaxx: Legit or Scam?

    Registered in the United Kingdom, Pemaxx presents itself as an online trading platform providing a large financial market including Forex, Futures, Stocks, Indices, Crypto, and Commodities, with the leverage up to 1:500.

    WikiFX
    2023-11-09 18:36
    WikiFX Broker Assessment Series| Pemaxx: Legit or Scam?

    User Reviews

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    User comment

    14

    Comments

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    FX2675816651
    0-3months
    Hey pemaxx my withdrawal has been stuck on pending from last 24 hours please do what you guys can do I have been trying to reach you but there is no response by your end please help me out The withdrawal is just of 27 usdt and still pending from last 14 hours
    Hey pemaxx my withdrawal has been stuck on pending from last 24 hours please do what you guys can do I have been trying to reach you but there is no response by your end please help me out The withdrawal is just of 27 usdt and still pending from last 14 hours
    Translate to English
    2026-09-01 10:33
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    CHIRUU
    more than one year
    SMOOTHEST FOREX BROKER I HAVE EVER WORKED WITH, THE BROKER SUPPORTS AND GUIDE THERE CLIENT'S 24/7
    SMOOTHEST FOREX BROKER I HAVE EVER WORKED WITH, THE BROKER SUPPORTS AND GUIDE THERE CLIENT'S 24/7
    Translate to English
    2026-02-25 20:10
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    7