FXPremax is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
FXPremax accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|70+ Currency Pairs||Based on major and minor world currencies.|
|20+ Crypto Pairs||Based on Bitcoin, Ethereum, EOS, Tron, Ripple, Dash, Iota, Neo, OmiseGO, Monero, Zcash, Litecoin.|
|12 Indice CFDs||Based on baskets of different blue-chip stocks.|
|5 Metal CFDs||Based on Gold, Silver, Platinum, Paladium, Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
FX Premax is a forex & CFD broker registered offshore in Saint Vincent and the Grenadines that accepts clients from most countries in the world, except for the United States. As is common with many offshore brokers, FX Premax is unregulated, and using it therefore comes with a certain risk.
Judging from its website, FX Premax has a special focus on the South East Asian region. The website is available in Malay, Indonesian, Thai, and Chinese, with English being the only European language offered. The broker also supports several local funding methods that are only available in Asian countries.
FX Premax supports both the well-known MetaTrader 4 (MT4) platform, and the lesser-known MobiusTrader 7. MobiusTrader 7 (MT7) is a platform that in recent years has become more popular among forex brokers due to its good design and ease of use for traders. Like MT4, MT7 is available in separate versions for Windows, Mac, and web, as well as in mobile versions for Apple and Android devices.
In terms of account types, FX Premax has five different options, each of them with no specific minimum deposit:
– Micro STP account, with variable spreads from 1.9 pip on EUR/USD at the time of writing, and no commissions
– Standard Fixed account, with fixed spreads from 3 pips on EUR/USD at the time of writing, and no commissions
– Standard STP account, with floating spreads from 1.9 pips on EUR/USD at the time of writing, and no commissions
– ECN ZERO account, with floating spreads from 0 pips, and commissions from 0.0005%
– Crypto account, for trading in 75 crypto pairs only, with floating spreads and no commissions
Leverage on all accounts is ultra-high and goes up to 1:1,000, far more than any reasonable trader needs.
One great thing to note about the trading accounts at FX Premax is that they all allow for funding with cryptocurrencies, including Bitcoin (BTC) and the stablecoin Tether (USDT). Additionally, deposits can be made with bank wire transfer in US dollars, euros, Russian rubles and Japanese yen, and with e-wallets such as Neteller, Skrill, FasaPay, and a number of others.
In case of any inquiries, FX Premax’s customer support can be reached via email or live chat. Unfortunately, there is no phone number listed anywhere on the website, and the broker has not revealed what its support team’s working hours are. Because of this, there is little reason to expect 24-hour support from this broker.
In conclusion, it’s important to emphasize that FX Premax is an unregulated forex broker, and that it could be difficult to get money back in the event of for example a bankruptcy. For those who have done their due diligence and fully trust this broker, however, we believe it could be a good choice. In particular, we are happy to see that FX Premax offers account funding with crypto, and we also think it’s interesting that they support the MobiusTrader 7 platform in addition to MT4.