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Anyone trading live with MAX-FX?

  • #1
  • First Post: May 6, 2016 12:44pm May 6, 2016 12:44pm
I want some up to date opinion about MaxFX. They are Cyprus regulated only, which is not something to brag about. They seem to offer some good conditions based on what i saw on the site, but i never trust my first sight, so anyone trading a live account ? I didnt find anything recent... My main issues are : how do they handle withdrawals, do they have some practices to hold money, cancel trades of profitable traders and argue about trading style, the price or whatever. Also - connection to their servers, freezing at critical times etc. Also, do they offer a competent support..? Thanks
  • #2
  • May 7, 2016 2:30pm May 7, 2016 2:30pm
Quoting feline207
I want some up to date opinion about MaxFX. They are Cyprus regulated only, which is not something to brag about. They seem to offer some good conditions based on what i saw on the site, but i never trust my first sight, so anyone trading a live account ? I didnt find anything recent... My main issues are : how do they handle withdrawals, do they have some practices to hold money, cancel trades of profitable traders and argue about trading style, the price or whatever. Also - connection to their servers, freezing at critical times etc. Also,...
Don't just walk away, run.
  • #3
  • May 8, 2016 3:25am May 8, 2016 3:25am
I have an account there since 5 months. Nothing to complain, I am very satisfied. I have the same system running also on Tickmill. Nearly same spreads, same execution, no cancelling of trades or so. I did not make a withdrawal on MaxFx, but I think this will not be a problem.
  • #4
  • May 8, 2016 4:44am May 8, 2016 4:44am
Market maker bucket shop - as Mingary already said, simply run away.

Having a majority of complaining reviews on FPA plus several kinds of problems is always a bad indicator ...

http://www.forexpeacearmy.com/public.../www.maxfx.com
  • #5
  • May 8, 2016 5:15am May 8, 2016 5:15am
Quoting Mingary
{quote} Don't just walk away, run.
  • #6
  • May 8, 2016 5:17am May 8, 2016 5:17am
Quoting Drolph
Market maker bucket shop - as Mingary already said, simply run away. Having a majority of complaining reviews on FPA plus several kinds of problems is always a bad indicator ... http://www.forexpeacearmy.com/public.../www.maxfx.com
thanks for pointing me to the right links. i didnt manage to do a good research. right now I am with pepperstone, but really want to try also a different broker and see how it goes. i have heard lots of good opinions for tickmill, but they dont accept eu residents. so not an option yet.
  • #7
  • May 8, 2016 6:19am May 8, 2016 6:19am
Quoting feline207
{quote} thanks for pointing me to the right links. i didnt manage to do a good research. right now I am with pepperstone, but really want to try also a different broker and see how it goes. i have heard lots of good opinions for tickmill, but they dont accept eu residents. so not an option yet.
Stick with Pepperstone. I was lucky to be already a Tickmill customer before they decided to not accept EU customers, so i am still able to trade with them. Anyway, imo, Pepperstone is probably the best retail broker
  • #8
  • May 9, 2016 7:04am May 9, 2016 7:04am
Quoting corre71
{quote} Stick with Pepperstone. I was lucky to be already a Tickmill customer before they decided to not accept EU customers, so i am still able to trade with them. Anyway, imo, Pepperstone is probably the best retail broker
Yes, I am very pleased by them in the recent months. No complains. However, I have my reasons to look for a second broker, so if anyone could recommend something that is close to Pepperstone as conditions, I would be very glad to hear! I relly appreciate good customer suport, fast deposits and withdrawals, paypal etc., high leverage, no problems with the servers at any time, and not a speculator broker that will fight not to pay me the profits that I take from him/them. Low openning balance would be a plus, as I really wont transfer more just to try a live server. Thanks.
  • #9
  • May 9, 2016 7:36am May 9, 2016 7:36am
Quoting feline207
{quote} Yes, I am very pleased by them in the recent months. No complains. However, I have my reasons to look for a second broker, so if anyone could recommend something that is close to Pepperstone as conditions, I would be very glad to hear! I relly appreciate good customer suport, fast deposits and withdrawals, paypal etc., high leverage, no problems with the servers at any time, and not a speculator broker that will fight not to pay me the profits that I take from him/them. Low openning balance would be a plus, as I really wont transfer more...
You can try Tickmill, support is excellent but i think they do not support Paypal, but i am not sure of this. Tickmill support is excellent and trading condtions are very good too.
  • #10
  • May 9, 2016 9:09am May 9, 2016 9:09am
Quoting feline207
{quote} Yes, I am very pleased by them in the recent months. No complains. However, I have my reasons to look for a second broker, so if anyone could recommend something that is close to Pepperstone as conditions, I would be very glad to hear! I relly appreciate good customer suport, fast deposits and withdrawals, paypal etc., high leverage, no problems with the servers at any time, and not a speculator broker that will fight not to pay me the profits that I take from him/them. Low openning balance would be a plus, as I really wont transfer more...

If you are looking for broker similar to Pepperstone, IC Markets is the best choice you can find. I use both and I'm really satisfied.
  • #11
  • May 9, 2016 9:18am May 9, 2016 9:18am
Agree, Ic markets can be an alternative. Evaluate Fx Open ECn too: u can choose between UK and AU branch
  • #12
  • Edited May 10, 2016 1:42am May 9, 2016 10:39am | Edited May 10, 2016 1:42am
Quoting corre71
Agree, Ic markets can be an alternative. Evaluate Fx Open ECn too: u can choose between UK and AU branch

I was trading with FxOpen about 5 years ago and everything was good till my mistake that revealed this broker weakness. I forgot about German important data release and I left my eurusd long position opened. Market reacted really slowly, but eurusd was falling during first minute about 25pips without any rush, pip by pip, no nervous moves. My stop loss didn't work and I was watching as it's falling lower and lower (manual close also didn't work). Trade was closed at the lowest point at the candle close, 20 pips lower than my stop loss was set. I used 10 pip stop loss, so I got loss 3 times bigger than I expected. When I contacted FxOpen they told me that their liquidity provider rejected my trade 4 times in a row, so it's not their fault!
  • #13
  • May 9, 2016 12:08pm May 9, 2016 12:08pm
i have experience with ic markets. a huge mistake. I do not recommend them to anyone. tickmil as I said previously - they still do not accept eu residents. This has been the situation for quite some time, I contacted them through the whole 2015 and recently chatted again with the support. They don't even tell me some approximate time to obtain their licenses. so it is not an option yet and it may not be for a long time. So I am open to the other alternatives?
  • #14
  • May 9, 2016 12:24pm May 9, 2016 12:24pm
fxopen is a big scam from what I have read, they invalidate client trades and refuse to give back money. i wouldn't trust them. i dont have first hand experience, but have read a lot of bad reviews over time.
  • #15
  • May 9, 2016 12:31pm May 9, 2016 12:31pm
Quoting feline207
fxopen is a big scam from what I have read, they invalidate client trades and refuse to give back money. i wouldn't trust them. i dont have first hand experience, but have read a lot of bad reviews over time.
I have an account at FX Open UK from 2 months and for the moment have nothing to complain. Not the fast est execution and some slippage But overall seems not bad. Started to withdraw some profits too.
  • #16
  • May 9, 2016 12:44pm May 9, 2016 12:44pm
Quoting corre71
{quote} I have an account at FX Open UK from 2 months and for the moment have nothing to complain. Not the fast est execution and some slippage But overall seems not bad. Started to withdraw some profits too.
are you just playing or you have more serious money there? brokers can act differently based on the account/type of trades.
  • #17
  • May 9, 2016 2:10pm May 9, 2016 2:10pm
Quoting feline207
{quote} are you just playing or you have more serious money there? brokers can act differently based on the account/type of trades.
I spread my trading capital on a very high number of accounts so at FX Open my balance is not so high. But i am with FX Open UK, FCA regulated, so honestly i do not expect they will steal my money. Slippage is quite high but overall am able to profit there too. But i withdraw profits regularly.
U can try Activtrades, but there u cannot scalp fast
  • #18
  • May 10, 2016 1:58am May 10, 2016 1:58am
Quoting corre71
{quote} I spread my trading capital on a very high number of accounts so at FX Open my balance is not so high. But i am with FX Open UK, FCA regulated, so honestly i do not expect they will steal my money. Slippage is quite high but overall am able to profit there too. But i withdraw profits regularly. U can try Activtrades, but there u cannot scalp fast
Yes, they won't steal your money in direct way, but if they are rejecting execution of your stop loss orders it's also stealing. It's something like that "we can see that market is falling and you have long position, ok, we will refuse to execute your stop loss order, let's wait until market stops falling and now you can close your trade with the biggest possible loss, have a nice day" Normally you get slippage and trade is closed. I used FxOpen more than year until they cheated me with rejection.
  • #19
  • May 10, 2016 2:11am May 10, 2016 2:11am
Quoting insomniawawa
{quote} Yes, they won't steal your money in direct way, but if they are rejecting execution of your stop loss orders it's also stealing. It's something like that "we can see that market is falling and you have long position, ok, we will refuse to execute your stop loss order, let's wait until market stops falling and now you can close your trade with the biggest possible loss, have a nice day" Normally you get slippage and trade is closed. I used FxOpen more than year until they cheated me with rejection.
My trades are very fast and so i have to spread my volumes on as many brokers i can, cannot use only Pepperstone. At the moment Fx Open is at 4th place and cannot quit it. Up to now all is acceptable, but i monitor every broker on a daily bases but before to quit a broker i need many consecutive bad trades. If i quit Fx Open where i can scalp? Max FX ?

P.S. A secret: Fx Open is the best broker to scalp usdjpy
  • #20
  • May 10, 2016 2:32am May 10, 2016 2:32am
Traders, some names from the search. I appreciate your comments.

https://www.blackbullmarkets.com/ - I stil wonder if they are scammers or what they present is real.
http://www.cfhclearing.com - opinions please?
https://www.cmtrading.com/en-US/account-types/ - check out their 'risk free trade' its funny.
http://www.directfx.com/en/forex/ - asic regulated, leverage is 1:100 but otherwise seems legit. need opinion?
http://www.divisacapital.com/ - I guess a large deposit is needed here, but not sure. maybe a too large bite.
https://www.finfx.fi/en/trading-accounts - think they are ok but still , the conditions are not flexible, leverage is low, margin and stopouts are very high. seems they are a decade behind others conditions, from what I read.
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