Score

2.12 /10
Danger

PROMAX

Saint Lucia

5-10 years

Questionable Regulatory License

MT5 Full License

Regional Brokers

High Potential Risk

C

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Comparison

Quantity 2

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Website

Score

Regulatory Index0.00

Business Index7.39

Risk Management Index0.00

Software Index7.73

License Index0.00

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Website

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

Promax Trading Limited

Company Abbreviation

PROMAX

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2026-07-21
  • This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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PROMAX · Company summary

To educate, support and empower traders to make informed investment decisions

Promax Trading aims to consolidate its reputation as a trusted global brand that leverages the latest in financial technology to provide a seamless, secure and transparent trading experience.

Promax Trading boasts a long-standing history in the field of financial services.

With competitive trading conditions offered on a wide range of asset classes, Promax Trading has been providing its clients with direct access to broker for over 10 years.

Our Vision

In a fast-paced industry with endless variables, Promax Trading strives to establish its ethics, services, and technological advancements as an unwavering constant.

By ensuring that the education, growth, and profitability of our clients remains our main focus, we aim to create a thriving community of informed and responsible traders with whom our partnership withstands the test of time.

Our dedication to exemplary customer service and high-quality investment research hopes to elevate the standard of what it means to be a financial services provider, strengthening our position as a market leader in client satisfaction.

News

ExposurePromax Trading Exposed with Account Disabling and Scam Allegations

Promax, a forex trading broker has been facing serious allegations about data manipulation and account suspensions from a diverse set of traders. Such tactics put the broker under vigilance and raises questions on its reliability and credibility.

WikiFX
2025-05-07 14:32
Promax Trading Exposed with Account Disabling and Scam Allegations

ExposureIs Promax Trading an Ideal Choice?

Promax is an online forex broker registered in Saint Vincent and the Grenadines with an operating time of 2-5 years.

WikiFX
2024-09-20 16:23
Is Promax Trading an Ideal Choice?

User Reviews

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User comment

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Comments

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12584612
more than one year
This broker does not pay IB commissions and wiped out all my backend data
This broker does not pay IB commissions and wiped out all my backend data
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2024-11-14 15:21
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Mohamed Lewaa
more than one year
Trading on this platform is just okay, mostly because the customer service team handles issues in an unprofessional manner... But the returns are pretty solid.
Trading on this platform is just okay, mostly because the customer service team handles issues in an unprofessional manner... But the returns are pretty solid.
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2024-07-31 18:00
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