Entities from Max Global ???

Broker review
R
Rudi
02 Nov 2021, 14:59 629 Views

Max Global Entity is spread across 2 regions:

1. As per the address on the website, it is located in St. Vincent and the Grenadines and can be seen at www.svgfsa.com then search entity names under Max Global Limited and it's officially registered.

2. Please open www.register-iri.com  and go to corporation and search for the entity name under Max Global Ltd and it's officially registered. But the question is why the registration date is listed as June 3, 2020?

However, if you check through the site www. who.is.com the website has been created since December 4, 1997.

Then, why after such a long time there can be a place in the Marshall Islands as can be seen on register-iri.com (for your information, this website is the official website to find out entities in the Marshall Islands).

The following question is, and I think it's the most crucial:

If indeed this is live trading, as a note Max Global in my opinion is a White Label Broker, if so, who is the Prime Broker/Full Broker used?

No. 2: If indeed there is a Full Broker, which LP is used? Clearly state the name of the LP.

No. 3: if all transactions are recorded on the exchange, which exchange is used? which regulatory body is used? This explanation is important as a form of safety investing for the Long Term.

Please answer so there are no lies between us

1 Answer

E
erik tri cahyo 09 Nov 2021, 20:00
To Rudi,

Regarding the discussion topic of Max Global Limited, you can see it here: Is Max Global Limited a Scam?.

Please note that this broker is only regulated by local regulatory bodies where the broker originates. And these regulatory bodies are not as reliable compared to trusted regulatory bodies such as ASIC, FCA, FSA or NFA. Therefore, don't expect too much from brokers with weak regulatory status or offshore type brokers.

“If it is indeed live trading, as a note, I think Max Global is a White label Broker, if so, who is the Prime Broker/Full Broker used?”

We apologize in advance, we don't know too much about that.

“2nd: If it is indeed a Full Broker, which LP is used? Mention the LP name very clearly.”

It will be very difficult to find out who the liquidity provider is behind brokers with weak regulatory status or offshore type brokers. Because brokers of this type will not be too open about this information.

Unlike brokers supervised and regulated by trusted regulatory bodies with strict rules. Brokers with status regulated by credible regulatory bodies will not hesitate to provide information about who their liquidity providers are, from leading financial institutions to major banks in the world.

“3rd: if all transactions are recorded on the exchange, which exchange is used? which regulatory body is used? This explanation is important as a form of safety investing for Long Term.”

Regarding this, we cannot provide further comment. However, if you do intend to invest long-term safely, it is highly recommended to use a broker with strong regulatory status such as ASIC, FCA, FSA or NFA. Because brokers that have been regulated by one of these regulatory bodies will provide a very safe trading experience and will certainly provide maximum protection against client fund security.

Hopefully this can help.

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