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Themax Financial

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Operating status: SCAM

Website: https://www.themaxltd.com/en/index

Broker violations and abnormal records
  • 2023-08-02 The UK FCA issues a warning against Themax Financial

    On August 3, 2023, the Financial Conduct Authority (FCA) issued a warning against Themax Financial, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/themax-financial

    On August 3, 2023, the Financial Conduct Authority (FCA) issued a warning against Themax Financial, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/themax-financial
  • 2023-08-03 BrokersView has reviewed that Themax Financial is an unregulated broker

    Themax Financial claims to be registered in the UK and regulated by the US Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA). 

    However, its claim is unfounded. The Financial Conduct Authority (FCA) has issued a warning against Themax Financial, warning the public of this unauthorized firm. And the FinCEN's MSB register doesn't include a company called Themax Financial.

    While Themax Financial has an NFA ID number in NFA's BASIC, data suggest that it is not an NFA member. According to NFA, non-Members are not subject to their oversight, and the NFA ID numbers are for tracking purposes only.

    In essence, Themax Financial is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Themax Financial claims to be registered in the UK and regulated by the US Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA). However, its claim is unfounded. The Financial Conduct Authority (FCA) has issued a warning against Themax Financial, warning the public of this unauthorized firm. And the FinCEN's MSB register doesn't include a company called Themax Financial.While Themax Financial has an NFA ID number in NFA's BASIC, data suggest that it is not an NFA member. According to NFA, non-Members are not subject to their oversight, and the NFA ID numbers are for tracking purposes only.In essence, Themax Financial is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is Themax Financial legit or scam?

Mike Thomsen
Somalia
2023-08-23
ANSWER Themax Financial is a scam.Themax Financial is allegedly registered in the UK. But there are no indications that it has been licensed by the Financial Conduct Authority (FCA) and the warning by the UK financial watchdog further confirms its illegitimacy.In addition, Themax Financial purports to be regulated by the US Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA). However, FinCEN's MSB register doesn't include a company called Themax Financial.While Themax Financial has an NFA ID number in NFA's BASIC, data suggest that it is not an NFA member. According to NFA, non-Members are not subject to their oversight, and the NFA ID numbers are for tracking purposes only.As such, BrokersView has come to the conclusion that Themax Financial is a scam. It is highly risky to deal with this platform, as there are no rules in place to protect their clients from fraud or theft. Therefore, it is advisable for investors to stay away from unlicensed brokers like Themax Financial and instead choose a fully regulated one.
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