Demaxis has developed a platform where you can trade over 2,000 instruments. The project started in March 2022. It is claimed that the broker operates under the regulation of an international license, but we have not found any documents to support this claim. The company is registered in Hong Kong, and the exact address is provided on the website. What do you think, should we trust this company, or would it be better to look for another organization?
Trading Conditions
To get started, a minimum deposit of 2500 euros is required. There are a total of 6 types of accounts: Beginner, standard, intermediate, advanced, integral, and VIP. The leverage is 1:400, and market data and free education are available. An Islamic account with zero swaps and no additional commissions can be opened. Demaxis offers CFDs on the following assets:
- Currencies.
- Stocks.
- Energies.
- Commodities.
- Indices.
- Cryptocurrencies.
Verification on Demaxis requires proof of identity and residency, and in rare cases, other documents may be requested. The integral account offers installment plans and personal manager services. The trading currencies are the dollar and the euro. During registration, you will have the option to provide a friend’s referral code. Technical support can be contacted via phone, email, or chat.
Personally, my phone slowed down after I installed this "masterpiece" on it
And the main issue is that the quotes don't match the real ones
I just compared the price of the dollar here and on other exchanges and saw a huge difference
Their goal is simply to manipulate clients, you can't have anything to do with them…
1) The domain is too young. A company that has only been in existence since 2022 is not serious.
2) Hong Kong is a controversial jurisdiction for registration. Some regulators consider it an offshore destination, which leaves traders unprotected.
3) Most importantly, they don't have a license. They talk about international regulation, but nobody knows which organization issued the document. I can only see that no reputable firm would issue documents to a broker that offers a leverage of 1:400 and CFD trading. It is too unsafe for users.