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FXPremax

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Beware

2.76/5

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License

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Traffic & Engagement

1.67

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License

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Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

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FXPremax - Pros and Cons

Pros

  • Offers Cent and Micro accounts.

  • Provides various deposit and withdrawal options.

  • Offers bonuses.

Cons

  • Lacks information on regulatory licensing.

  • No real-time customer support channels.

  • Missing details on minimum deposit and withdrawal requirements.

  • Complex restrictions on using bonuses and promotions.

  • Reports of delayed order execution from users.

  • Lacks a feature to prevent negative balance.

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Company Information

Get to know FXPremax

FXPremax is an international CFD and Forex broker that provides traders with a wide range of financial instruments such as commodities indices stocks cryptocurrency and Forex. It is a member of the Financial Commission and has a license from the Financial Supervision Commission of the Republic of Bulgaria. FXPremax provides traders with access to the MetaTrader 4 and 5 trading platforms allowing them to trade with a wide range of tools. In addition to its trading platforms FXPremax also offers a variety of resources to help traders stay informed such as tutorials market news and analysis. It also provides a range of customer support services including 24/5 customer service.

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Primary Industry

  • Forex - Prime BrokerPRIMARY

Users who look FXPremax also look…

Highlight Review

Chigozie Celestine Nwafor

Chigozie Celestine Nwafor

Direct review

Excellent

Overall Thought

Impressive platform with user-friendly interface. The charts and indicators are top-notch, making technical analysis a breeze.

Thg 08 14, 2023
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Summarization

FXPremax Review: Is FXPremax Broker Good?

Broker overview and general information

FXPremax was founded by a team of forex trading experts from the UK.IIt is a broker that offers trading in a wide range of financial instruments such as Forex, commodities (such as gold and oil), stock indices and cryptocurrencies. The broker supports multi-asset trading.CFDs (Contracts for Difference)and focuses on providing comprehensive services and fully meeting the needs of traders.

Broker Licensing and Regulation

If you ask whether FXPremax broker is good or not, you should start by considering the registration, license and supervision from the agency first. There is no license information for this broker.

⚠️Warning: No licensing and regulatory information for this broker was found. Investors should be aware of the risks involved as there may be no financial protection from regulatory bodies. It is recommended to conduct thorough studies and consideration before investing.


Trading products and services

Trading products

  • Forex- Trade over 70 global currencies including majors, minors and exotics on the FXPremax platform.

  • CFDs- Trade CFDs such as FTSE 100 daily from 7am-8pm.

  • Cryptocurrency- The emerging cryptocurrency market, where traders can profit from popular currencies like Bitcoin, which is paired with more than 14 currencies.

  • Energy & Metals- Supports trading of energy such as USOil, UKOil, NGas and precious metals such as gold, silver, platinum.

Trading Platform

MT7 Platform (Premax Trader)

Premax Trader is a trading platform from a broker designed specifically for client traders.It has advanced technical analysis features, a no-code trading bot builder, and fast order management support.



Copy Trade

Copy Trading for investors and traders who want to release their strategies for copying.

For investors:

  • Easy to get started: Suitable for beginners or those who do not have time to follow the market.

  • Variety of strategies: Choose to copy traders whose strategies match your style.

  • Get started now: Sign up, easy, fast, start copy trading now.

  • Safety: There is a risk control system to protect the funds.

For capital managers:

  • Increase Revenue: Earn Commissions from Followers

  • Build a reputation: Showcase your work on your website

⚠️Warning: Using the Copy Trade feature has conditions that investors should know and study the conditions in detail first. For example, after closing the profit, the percentage share will be transferred to the Copy Trade manager immediately.


FXPremax Review: Account Types 

There are 3 types of accounts as follows:

Cent Account

  • Minimum deposit $1

  • Floating Spread

  • No commission

  • Swap Free on Request (For those who wish to open an Islamic account)

  • Leverage 1:1000

  • Margin Call at 60% Margin Level

  • Support EA / Demo Account

Micro Account

  • No minimum deposit limit

  • Floating Spread

  • No commission

  • Swap Free on Request (For those who wish to open an Islamic account)

  • Leverage 1:1000

  • Margin Call at 60% Margin Level

  • Support EA / Demo Account

Standard Account

  • No minimum deposit limit

  • Floating Spread

  • No commission

  • Free swap on request

  • Leverage 1:1000

  • Margin Call at 60% Margin Level

  • Support EA / Demo Account


Deposit and Withdrawal Review

Deposit-Withdrawal Channels

Local Deposits

MethodDepositsWithdrawals
IndonesiaYes (up to 12 hours)Yes (up to 24 hours)
ThailandYes (up to 12 hours)Yes (up to 24 hours)
MalaysiaYes (up to 12 hours)Yes (up to 24 hours)
IranYes (up to 24 hours)Yes (up to 24 hours)
IndiaYes (up to 12 hours)Yes (up to 24 hours)
PakistanYes (up to 12 hours)Yes (up to 24 hours)
Rest of the WorldYes (up to 24 hours)Yes (3-5 Business Days)
Online PaymentsYes (Instant)Yes (up to 24 hours)


*Online Payment Supported: USDT, BTC, VISA/MasterCard, Neteller, Skrill, UnionPay, OK Pay, Paysafe card and Fasa Pay.


Bank Wire

MethodDepositsWithdrawals
Bank Wire (USD)Yes (3-5 Business Days)Yes (3-5 Business Days)
Bank Wire (EUR)Yes (3-5 Business Days)No
Bank Wire (JPY)Yes (3-5 Business Days)No


FXPremaxBonus andOhPromotion

100% Bonus

Open an account with   Get a 100% deposit bonus every time you deposit!

No Limits  Get unlimited bonuses!

Apply easily in just 3 steps:

  • Register a Premax Trader account

  • Verify your account and submit KYC documents

  • Top up your account and get 100% bonus instantly!

note:

The bonus will be credited to your trading account upon deposit.

Do not withdraw deposits or transfer funds within the bonus account, otherwise the bonus will be deducted.

It is prohibited to perform "reverse trading" on the bonus account.


cashback commission 

Cashback program based on trading volume for all account types, no time limit!

Terms and Conditions

Cashback is 0.5 pip for major pairs and 0.8 pip for exotic pairs.

Cashback will be added to the client's trading account instantly for every position closed +/- 5 pips (excluding spread).

*Promotion account “100% Bonus” is not included in the Rebate-Trade and Cashback program.


Customer Service


Broker Review Overview Summary

FXPremax is a broker that offers trading platforms for traders in the forex market and other financial instruments. However, this broker has several limitations that should be considered, such as the lack of clear information on licensing, the lack of real-time contact channels, which can cause slow customer support. In addition, there is no clear minimum deposit and withdrawal details, complicated restrictions on bonuses and promotions, and slow order execution problems that can affect users' profits. In addition, there is a lack of negative balance protection, which means that traders are at risk of losing more than they deposit. Overall, the broker offers interesting services, but these disadvantages should be considered before making an investment decision.


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FXPremax Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.


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