Demaxis Review – Stay Away From This Offshore Broker

Demaxis broker is originally from St.Vincent and Grenadines. Under the ownership of Demaxis Ltd, they are practicing forex and CFD trading services worldwide.

With a very low overall rating and few fund protection measures it’s not a favorable broker among traders. All key features and flaws of this offshore broker you can find in this Demaxis review.

As well, stay away from the trading scams Benchmark Finance, Hlyton, and Coinexx! Furthermore, before investing, always investigate the history of internet trading firms!

Demaxis Broker – Legit or Scam?

Primarily, broker claims to have regulations worldwide. But if they really have a license they would present it clearly on their website. Firstly, SVG as the country has dissociated itself from providing trading licenses. Therefore, we need to look elsewhere.

The only trusted regulators are from the Tier 1 group. Such as BaFin, ASIC and FCA. They have very strict rules and rigorous requirements for getting a license. But, Demaxis broker is not in their register, whatsoever. Thus, we have already a first sign of a scam.

Openly lying about regulation, which they don’t have. Very high minimum deposit requirement. Non-transparent trading platform. Extremely high-leverage. They don’t offer anything competitive.

What Platforms Does Demaxis Offer? – Available Trade Software

Another key point is Demaxis’ trading platform. What they advertise is the latest technological invention. Top-notch ultra-competitive software. With lightning-fast execution and more than 20 indicators, they almost compared it with Meta Trader.

Yet, all that falls apart once you try to download the software. Instead of getting the app downloaded, you get redirected to the registration form of the company.

However, this is exactly how they lure their clients to leave personal information. In exchange for nothing. Because upon registration you will get a call from their agent and the journey begins. So, not only that they are not transparent about trading platforms, but also they are trying to mislead you.

Mobile Platform

Even though they claim to provide a mobile platform, we are unable to check it out. Simply, because they require registration before getting the app. This is quite suspicious and another red flag.

If you take a look at Meta Trader, they will provide you with all the necessary information before registration. Have in mind that this is just an unregulated scam broker.

Demaxis ‘s Trading Assets and Instruments

Like many other scam brokers, they tend to lure traders with attractive offers. That’s why they have all 5 major instrument classes available. Those are:

• Forex                        EUR/JPY, EUR/SEK, USD/GBP
• Commodities            natural gas, gold, silver
• Indices                      UK 100, US 500, DE 30
• Shares                      Amazon, Tesla, Pfizer
• Cryptocurrencies       BCH, LTC, XRM

Since the platform is a mystery we believe that it’s completely fictive. Otherwise, a broker wouldn’t hide the platform. Besides, we can see from Demaxis reviews that this is a scam broker.

Demaxis Countries Of Service

As we can see from any Demaxis review, they are operating worldwide. But mainly scamming traders from:

• United States
• Netherlands
• France
• Belgium

Many of these countries are strictly regulated. Yet, Demaxis trading company doesn’t have any of those licenses. Therefore, no authorization to provide such services.

Types of Accounts Available With Demaxis

The only certain thing about the Demaxis trading account is pricing. They clearly state how much they want to take from you. As for the benefits of depositing more money, you have to make a wild guess. Their account types are:

• Beginner       $2.500
• Standard       $5.000
• Intermediate  $25.000
• Advanced     $50.000
• Integral         $100.000
• VIP               $250.000

Can a Trader Use a Demo Account?

With a minimum deposit requirement 10 times bigger than average this is not your first choice. Especially knowing that some best-licensed brokers have micro accounts and demo accounts.

Yet, Demaxis broker didn’t bother providing such options for its traders. So, your only option is to test your luck and deposit $2.500. Which we don’t recommend.

Negative Balance Protection

Another key feature of regulated brokers is fund protection. One of the measures is negative balance protection which Demaxis broker doesn’t have.

This feature prevents traders from getting into debt while trading. But it looks like Demaxis broker has that as their primary goal.

Terms of Service for Demaxis

Demaxis trading company claims not to have deposit or withdrawal fees. Yet, they claimed to be globally licensed and regulated and they are not.  

So, if we are going to trust their T&Cs we will be in deep trouble. As for funding methods they accept:

• Visa/Master card
• Wire transfer
• Cryptocurrency transfer

Leverage, Spreads and Fees

Besides so many flaws, they have a couple more. The leverage of 1:400 is not in compliance with any regulations. Especially not ones in the EU where they operate. Maximum allowed leverage is up to 1:30. Even though Demaxi broker promises tight spreads, you are not able to check that unless you register.

Additionally, they claim to have withdrawals without fees. Yet, in T&Cs we can see that withdrawals below $100 for wire transfers are charged with a $10 fee. The same applies to other methods of withdrawal below $20. Therefore, this is another sign that this broker is lying about everything.

Scammed by a Demaxis Broker? – We Want To Hear Your Story.

Don’t be ashamed to share your story with us. It can happen to anyone. What matters is to recover your funds back and to let other traders know about this fraud company.

With our fund recovery team, you can start your chargeback process already today. Get in touch!

What Is the Chargeback Procedure?

Once you make a transaction with a debit/credit card, you can request money back. Of course, with valid proof that you were tricked, misled or scammed. That’s why our specialized chargeback team is there to assist you. This process is limited only to the first 540 days, so don’t waste time. Contact us now!