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SAFUMAX   

WikiFX | 2024-10-22 14:40

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 However, its license has already been revoked.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
Founded2015
Registered Country/RegionChina Hong Kong
RegulationFSPR (Revoked)
Market InstrumentsForex, Indices, Commodities, and Digital Currencies
Demo Account/
LeverageUp to 1:100
Spread6 pips
Trading PlatformsMT4
Minimum Deposit/
Customer SupportPhone: 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 However, its license has already been revoked.

SAFUMAX's homepage

Pros and Cons

ProsCons
/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At present, SAFUMAX's license under the Financial Service Providers Register (FSPR) has been revoked.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.

Revoked FSPR license

What Can I Trade on SAFUMAX?

SAFUMAX claims to offer Forex, Indices, Commodities, and Digital Currencies.

Tradable InstrumentsSupported
Forex✔
CFDs❌
Commodities✔
Indices✔
Cryptocurrencies✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on SAFUMAX?

Account Type/Leverage/Spread

SAFUMAX only provides a single account type.

Trading AccountMin. DepositMax. LeverageSpread
Standard/1:1006 pips, fixed + $50 /lot

Trading Platform

SAFUMAX claims to provide MT4 platform.

MT4

Related broker

No Regulation
SAFUMAX
Company name:SAFUMAX GROUP LIMITED
Score
1.60
Website:http://www.safumax.com/en/index.php
5-10 years | Suspicious Regulatory License | Suspicious biz area | Financial Service Corporate
Score
1.60

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