SAFUMAX
Abstract：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 However, its license has already been revoked.
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 However, its license has already been revoked.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At present, SAFUMAX's license under the Financial Service Providers Register (FSPR) has been revoked.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.
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