BlueMax Capital Review Scam Complaint
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BlueMax Capital is an unregulated offshore registered forex and CFD broker. BlueMax Capital is owned and operated by BlueMax CapitalGlobal ltd., company registered in Belize. The broker claims to have offices in Belize, Hong Kong and the UK. But, there is no records about this company in the registers of regulators, which ultimately means that the broker doesn’t have license to provide financial services in any of these countries. Therefore, it is advisable to go through the full review below about the broker before investing.
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About the BlueMax Capital:
BlueMax Capital is a forex broker that offers several types trading accounts, depending on the initial deposit of the client. All of these accounts offer floating spread, that varies by type of account. It provides Micro lots for trade on the Explorer and Standard account types. Besides, the broker also offers its clients the advanced PAMM solutions, which allows distribution of trades from a single account to a group of sub accounts. But, to access these competitive spreads, one has to invest at least $10,000 with the broker which is high in comparison to industry’s average. BlueMax Capital provides its clients with the leading MetaTrader 4 platform for trading, that is available in three versions as desktop, web and mobile. MT4 is one of the easiest trading platforms and it offers various technical indicators, advanced charting package, extensive back-testing options, and wide range of Expert Advisors, allowing the traders to fully automate their trades.
According to the website of the broker, it provides PAMM that is Percentage Allocation Money Management accounts which should ultimately guarantee the reliability, transparency and security of all the activities within the system. However, when the terms and conditions of the broker is checked it states that BlueMax Capital will not be held responsible for any of the investment decisions made on PAMM Accounts. This statement is actually the opposite of the “safety and security of funds” that the company promises and it usually means that the company will not compensate investors’ losses in any case.
Is BlueMax Capital legit or scam?
BlueMax Capital is an unregulated forex broker that too is registered offshore. It is registered in Belize which is known as notorious for is practically absent requirements and regulations, and is an offshore zone for shady brokers. The broker’s terms and conditions are also very delusional. Hence, we advise the investors to avoid BlueMax Capital as it’s a scam broker.