ANSWER FOREX MAX.LTD is not a licensed or regulated broker even though it states offers that look good to be true. FOREX MAX.LTD claims to be registered with the Companies House of United Kingdom (CH) with registration number 4970928. We searched CH and found the registration number belongs to a company named CONDOR CAPITAL MARKETS LTD, whose address is in accord with the address shown on FOREX-MAX.LTD's website. However, please be informed that CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We did searching in FCA and only found this firm had already been warned by FCA for providing financial services without authorization and regulation. You can check the full warning from here.The truth is, FOREX MAX.LTD is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FOREX MAX.LTD and trade with licensed brokers.
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