Verified: Maxtra Markets Is Operating Through The Website Https://maxtramarkets.com/and Is An Unregulated Broker
The Company's Website Is Currently Defunct, Inaccessible, Appears To Be Out Of Business, And Details About The Company Are Not Immediately Available. Traders Must Be Vigilant In Case They Are Cheated And Their Funds Are Damaged.
Maxtra Markets Claims To Hold Licenses From Two Financial Regulators. However, Our Checks With The Relevant Authorities Show That Its Regulatory Claims Are Completely Unfounded.
The Company Claims To Have Been Licensed By The Vanuatu Financial Services Commission (VFSC) With Number 700662. However, The Assumed Number And Name Maxtra Could Not Be Found On The VFSC Register.
A Similar Situation Has Arisen With The Registration Claimed By The Saint Vincent And The Grenadines Financial Services Authority (SVG FSA).
Furthermore, The Website Content Is Presented In Thai And The Entity Claims To Be Based In Bangkok, Thailand. Despite This, It Has Failed To Provide Any Conclusive Evidence Of Its Legality In The Country, Suggesting That It May Not Be In Compliance With The Relevant Regulations.
By Its Very Nature, Maxtra Markets Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To It Carries A High Degree Of Risk As There Is No Proper Legal Protection To Protect The Funds. Maxtra Markets Appears To Be A Scam.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Maxtra Markets As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
