Introduction to FundsProMax Review:
At the first glance, FundsProMax came out as any other brokerage firm. With a website specifically designed to attract customers and attractive offers bombarded on their home page, it didn’t take us much time to realize how dangerous FundsProMax can actually be. In order to come off as naive and a regular brokerage firm in the market, many scam brokers adopt a variety of techniques such as designing an attractive website, attempting to lure customers with attractive offers, etc. The first red flag against FundsProMax struck when we realized that FundsProMax is actually faceless and that no information on the founder or founders is provided on their website. If you are here with the intention of knowing more about the FundsProMax.com scam, read the full FundsProMax review.
Address: Switzerland (claimed)
Leverage: Not Disclosed
Demo account: Not Disclosed
In this section of the review, we will be discussing all the red flags that were in possession of FundsProMax.
FUNDSPROMAX IS UNREGULATED
Although the website of FundsProMax is designed well and in an attractive way, the company fails to mention a lot of important information. The information that is of foremost importance is the regulation. FundsProMax fails to mention if the company is regulated or not. Now, for such a brokerage firm to have forgotten to broadcast this crucial information is impossible. Therefore, it is clear that FundsProMax is hiding something from us. Upon a little investigation, we found out that the Federal Financial Supervisory Authority, commonly known as BaFIN, which is the regulatory authority of Germany has warned the public that FundsProMax does not have a license. All these clues point us to the FundsProMax scam.
FUNDSPROMAX DOES NOT HAVE A FACE
Another crucial piece of information required for any company is for the company to have a face. All the regulated brokerage firms have a detailed space on their website with required information about their board members and the founder/s. In our case, unfortunately, FundsProMax fails to mention the name of their founder or any of their team members, rendering the company to be completely anonymous. This is a major setback and a red flag for FundsProMax in this FundsProMax.com review.
FUNDSPROMAX HIDES INFORMATION
As the fact of FundsProMax hiding information has already been emphasized in the above red flag, another problematic aspect of FundsProMax is that the company does not reveal the important numbers that are necessary for a customer while deciding to invest their money with FundsProMax such as leverage, minimum initial deposit, spreads, withdrawal fees, etc. Even though the company brags about how they have the best services and best members aboard their team, FundsProMax fails to mention the important details thereby raising another red flag.
Conclusion: Is FundsProMax really a scam?
To sum up, all that has been stated above, we leave it upon you to decide whether FundsProMax is a scam or not. However, we warn you from trading with FundsProMax as it is a potential scam and an unregulated firm. To know more about FundsProMax scam brokers, visit our website.
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