Maxon365 Review: Is It a Scammer or Not?

You are looking at a review of the brokerage company Maxon365, which will answer the question of whether this firm is a scammer or not. I’ll give away the spoiler right away — yes, this is an illegal broker involved in fraudulent activities. I have identified several red flags indicating a lack of reliability and security for client funds. Want to know the details?

General Information

Website	https://maxon365.com/
Phone Number	—
Email	—
Address	—
License	—
Minimum Deposit	$250
Assets	CFDs
Leverage	1:1000
Trading Platform	WebTrader

Registration and Client Portal Review

That review begins with an introduction to the official website, which essentially acts as a business card for any company. The broker presented an uninformative resource that does not answer many questions, for example, whether it has licenses, where its headquarters are located, what business model is used, and much more.

On the main page, visitors can learn what assets can be traded here, how many offices are open (but without specific addresses), when the company was founded, the number of clients, advantages, merits, and current quotes. There, Maxon365 also provided a form for creating a feedback request and wrote a warning about the risks of margin trading.

The official website feels cheap and template-like. Many aspects of the activity are ignored. As for the graphic design, one can only see logos of Bitcoin, Ethereum, and other cryptocurrencies. In general, it looks cheap, unstylish, and boring.

Next, I will look at how to go through the process of registering a personal account, as well as setting up the client portal. The broker offers a rather simple and quick registration procedure:

• Contacts (email and phone number).
• Name.
• Country.
• Password.
• Promo code (if any).
• Currency.

Usually, companies ask to agree to legal documents before registering a personal account, but Maxon365 somehow does not offer this. Confirmation of registration via email and phone is also not required.

The personal account looks primitive and without frills. Traders can view their current balance, as well as perform various other actions:

• Editing personal information.
• Making a deposit and requesting a withdrawal.
• Passing verification.
• Live chat with technical support.
• Changing the language and viewing the history of logging into the account.

No functionality for the affiliate program is noticed. There is also no demo account, which is a necessary option, especially for beginners.

Trading Conditions

Maxon365 has provided traders with access to six different market classes:

• Forex.
• Cryptocurrencies.
• Indices.
• Commodities.
• Metals.
• Stocks.

All instruments are available as Contracts for Difference (CFD). In addition, clients can leverage up to 1:1000 to increase the volume of their trades. Here, I want to remind you that leverage not only means the potential for increased profits but also heightened risks.

Account Types Review

Maxon365 offers several types of account options. There are six options in total, and the better the tariff, the higher the maximum volume for trades. Moreover, the minimum deposit starts at $250 for the first type of account, $2,500 for the second, and so on. Clearly, this is a significant amount for a starting deposit, especially compared to other brokerage firms that offer access to their services even with $10.

Overall, the logic and sense behind dividing tariff plans into such a large number are unclear to us since they hardly differ from one another. Apparently, the broker is silent about other features of the account types.

On the main page, it is noted that commissions are zero. At the same time, tables with current spread indicators are missing. If the commission is zero, then spreads must be very large. However, all this does not matter because I understand perfectly well that Maxon365 is a dealing desk that only makes money when clients lose money. It is a conflict of interest, making it impossible to consistently earn here.

Leverage of 1:1000 is a clear violation of all regulatory requirements. Combined with hidden spreads, zero commissions, high minimum deposits, and numerous bonuses, this indicates a clear lack of a license from the financial commission.

Trading Platform

The platform is integrated into the client portal, which is not an advantage from the standpoint of convenience or security. This is a standard WebTrader, which does not have mobile versions but is adapted for mobile browsers. It’s important to understand that this does not fully replace a separate mobile app, which is better optimized and has more features than the browser version.

Maxon365’s terminal is standard and very similar to other platforms: the chart is in the center, the action menu and asset list are to the left, current orders and history are at the bottom, and the order creation panel is to the right.

The chart is taken from the popular service Tradingview, so clients have access to all tools for technical and graphical analysis. Traders can also use the economic calendar and news feed integrated into the terminal. Additionally, a calculator is available for trading position parameter calculations, as well as limit orders.

The main disadvantages are the lack of mobile versions and a demo account. Furthermore, useful and important features such as auto-trading, copy-trading, uploading custom settings and indicators, open interest, and market depth are not found.

Deposit and Withdrawal of Funds

The firm guarantees fast withdrawal of funds, which I highly doubt. The doubts concern not the speed of withdrawal but its possibility. By the way, Maxon365 does not specify a specific time frame for processing withdrawal requests. Also, the company promises not to charge a commission for depositing, but nothing is mentioned about the withdrawal of funds.

Money transfers are supported via credit/debit cards and cryptocurrency (BTC, ETH, or USDT). For withdrawing funds, bank wire transfers can also be seen.

Verification

Verification is a mandatory requirement of all serious regulators. Clients can undergo KYC at any time, with document verification taking up to 74 hours.

Maxon365 has a standard KYC procedure, where traders need to provide detailed information about themselves and upload a specific set of documents:

• Identity confirmation. It might be a valid full passport or government-issued photo identification card.
• Confirmation of residential address. A copy of a recent utility bill, local tax authority bill, bank statement, or credit card monthly statement.

Additional Options

Bonuses and other promotions can help experienced traders get a trading boost, and the affiliate program serves as an excellent additional source of income for clients. However, the company somehow does not want to disclose details regarding the conditions of these options.

Information about bonuses is only available in the user agreement, and the affiliate program can only be learned about at the moment of account registration. Clients can take a bonus, but it cannot be withdrawn until a trading turnover equal to the amount of the bonuses divided by 4 is achieved. For example, if a trader received $1,000, then they need to make a turnover of 250 lots. Maxon365 offers quite complex conditions that beginners are unlikely to fulfill.

The company provides educational materials that explain what technical and fundamental analysis are, financial instruments, risk management, and CFD trading. I have also mentioned the presence of small widgets embedded in the platform, such as the economic calendar and news feed. However, the broker does not offer analytical materials, which could be very useful for traders.

Is Maxon365 a Scam?

Can a serious company lack contact details? And are hidden trading conditions a sign of an open and honest intermediary? Of course not. In almost every section I studied, suspicious moments and red flags were found. However, the most interesting part has been saved for dessert. Next, I will look at how long the platform has existed and what it has regarding regulation.

Legal Information and License

The exact legal address is not listed on the site. I didn’t even find a jurisdiction where the company could have been registered. Total lack of transparency and openness are other serious negative factors. Scammers boast of having 4 offices worldwide, calling themselves a global broker, but cannot even provide the addresses of these offices — who would believe such a lie?

The broker does not list legal addresses, does not provide registration documents, and does not have a license. All this indicates illegal, as well as fraudulent activity. Now there’s absolutely no doubt.

Maxon365.com Domain Info

The longer a firm has been in operation, the more trust it garners. This scam boldly claims to have been operating for over 9 years in the brokerage service market, but this looks very laughable. Why then are there so few reviews on the internet? And why was the domain of the official site only registered in March 2024? Who are you trying to fool? Maxon365 started operating quite recently, so believing in fairy tales about 9 years of experience is super foolish.

Contacts Review

“You can contact us any way you prefer” — this is quite amusing since there are no “any ways” at all. The company simply did not provide an email address or phone number. Clients can only leave a message in a special feedback form. Would a verified and serious broker hide contact information? Obviously, such things should be mandatory. The absence of online chat and social media accounts should also be noted.

More Details

To be honest, Maxon365 reeks strongly of fraud and illegal activity. I see no reason to cooperate with this pseudo-company, which hides the basic conditions for trading, offers a primitive terminal without mobile applications, does not provide contact details, and predominantly accepts money via cryptocurrency. There’s a very high risk, and one must not forget that it is 100% a B-Book business model. If you don’t know what that means, I recommend thoroughly researching how brokerage organizations work. Such platforms are interested in their clients’ losses because that’s how they earn their income. Therefore, there is absolutely no sense in trading here.

Pros and Cons

Frequently Asked Questions (FAQ)