Score
SAFUMAX
Hong Kong|5-10 years| http://www.safumax.com/en/index.php
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United StatesContact
Licenses
Single Core
1G
40G
Contact number
85251283808
+852-51283808
Other ways of contact
Broker Information
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SAFUMAX GROUP LIMITED
SAFUMAX
Hong Kong
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- New ZealandFSPR (license number: 327266) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- AustraliaASIC (license number: 001279299) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- This broker exceeds the business scope regulated by New Zealand FSPR(license number: 327266)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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SAFUMAX · Company Summary
Note: SAFUMAX's official website: https://www.safumax.com/ is currently inaccessible normally.
| SAFUMAX Review Summary | |
| Founded | 2015 |
| Registered Country/Region | China Hong Kong |
| Regulation | FSPR (Revoked) |
| Market Instruments | Forex, Indices, Commodities, and Digital Currencies |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | 6 pips |
| Trading Platforms | MT4 |
| Minimum Deposit | / |
| Customer Support | Phone: 85251283808 |
| Email: cs@safumax.com | |
| Address: 6c Morrin Road SainT Johns Auckland | |
Registered in 2015, SAFUMAX is an unregulated brokerage company based in Hong Kong. It claims to offer Forex, Indices, Commodities, and Digital Currencies. However, its license has already been revoked.
Pros and Cons
| Pros | Cons |
| / | Non-functional website |
| Revoked license | |
| Lack of transparency | |
| Limited info on trading fees |
Is SAFUMAX Legit?
At present, SAFUMAX's license under the Financial Service Providers Register (FSPR) has been revoked. Its domain was registered on Oct 28, 2015, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on SAFUMAX?
SAFUMAX claims to offer Forex, Indices, Commodities, and Digital Currencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread
SAFUMAX only provides a single account type.
| Trading Account | Min. Deposit | Max. Leverage | Spread |
| Standard | / | 1:100 | 6 pips, fixed + $50 /lot |
Trading Platform
SAFUMAX claims to provide MT4 platform.
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