WealthMax Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 18:26

Abstract：Established in 1998 and registered in the UK, WealthMax is a forex broker, offering various market instruments on forex, commodities, indices, stocks and cryptos via the MT4 platform. However, WealthMax operates without regulatory oversight from any reputable financial body.

　　Note: WealthMax's official website: https://wealthmax.fm/ is currently inaccessible normally.

WealthMaxReview Summary
Founded	1998
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, commodities, indices, stocks, cryptos
Demo Account	/
Leverage	1:500
Spread	1.6 pips
Trading Platform	MT4
Min Deposit	$250
Customer Support	Tel: +44 2 037 692 034
	Email: support@wealthmax.fm

　　Established in 1998 and registered in the UK, WealthMax is a forex broker, offering various market instruments on forex, commodities, indices, stocks and cryptos via the MT4 platform. However, WealthMax operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Diverse trading choices	Inaccessible website
Variety of account types	Unregulated status
MT4 supported	High minimum deposit
No fees for deposits and withdrawals
Popular payment options

Is WealthMax Legit?

　　No, WealthMax is not regulated currently. Please be aware of the risk!

What Can I Trade on WealthMax?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Crypto	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　WealthMax offers 4 trading accounts – Bronze, Silver, Gold and VIP. The minimum initial deposit for the Bronze account is 250 EUR/USD/GBP. There is no information on what the minimum initial deposits for the other accounts are.

Leverage/Spread

　　WealthMax offers leverage of 1:500 and spread of 1.6 pips for traders. The leverage is extremely high and such spread is close to the industry average of 1.5 pips.

Trading Platform

　　The trading software that WalthMax offers to its clients is the MetaTrader 4 trading platform.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Clients of WealthMax may deposit or withdraw via credit cards, e-wallets and bank wire. As per the information in the Deposit and Withdrawal section, there are no related fees.