Basic Information
Pros and Cons
Pros
- Regulated by JFX and BAPPEBTI
- Leverage up to 1:500
- Offers MetaTrader 4 platform
- Demo account available
- Positive feedback on customer service
Cons
- Limited language support
- Occasional service availability issues
- No 24/7 customer support
- Withdrawal processing limited to business days
Is maxco Safe and Legit?
Maxco, officially known as PT Maxco Futures, is registered in Indonesia and has been operational for approximately 2-5 years. The broker offers a range of tradable instruments including forex, metals, futures, and CFDs, with leverage up to 1:500 and variable spreads, primarily utilizing the MetaTrader 4 platform for trading activities.
Maxco is regulated by the JFX and holds a Forex Trading License from BAPPEBTI, indicating a legal operating status within its jurisdiction. While it is subject to regulatory oversight, traders should remain aware of the inherent risks associated with leveraged trading.
In terms of market reputation, Maxco has received positive feedback from users, particularly regarding its customer service, efficient withdrawal processes, and educational resources. However, some users have noted limitations in language support and occasional complaints about service availability. Overall, Maxco is viewed as a reliable broker, especially within the Indonesian trading community.
Is maxco a Regulated Broker?
What Are the Regulatory Licenses Held by maxco?
Maxco, officially known as PT Maxco Futures, is regulated under Indonesian law. The broker holds a Forex Trading License from BAPPEBTI and is also regulated by the JFX, ensuring its compliance with local regulatory standards. This regulatory status indicates that Maxco operates legally within Indonesia and adheres to the necessary oversight required for trading activities. Traders should still be mindful of the risks associated with leveraged trading despite the broker’s regulatory compliance.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Maxco ensures the safety of client funds by maintaining them in independently regulated bank accounts, separate from the broker’s own assets. This practice aligns with the regulations imposed by BAPPEBTI and JFX, which mandate strict segregation of client funds to enhance protection and minimize risk during trading activities.
Maxco Leverage
Maxco offers a maximum leverage of up to 1:500 for its trading products, consistent with local regulatory limits. This leverage is applicable to both retail and professional accounts, allowing traders to amplify their potential returns while adhering to the legal standards set forth by Indonesian regulatory authorities.
maxco Withdrawal Review
How to Contact maxco?
Does maxco Have Withdrawal Issues?
Maxco has generally received positive feedback regarding its withdrawal processes, with users noting efficient transactions and low slippage. Common complaints, although limited, may include occasional service availability issues. Credible sources of feedback primarily come from user reviews and trading forums. The broker appears to handle complaints promptly, with users reporting adequate responses from customer service. There are no significant public complaints or regulatory penalties associated with withdrawal issues, indicating a low volume of complaints and a reputation for reliability in this area.
Frequently Asked Questions
A1: Yes, Maxco, known as PT Maxco Futures, is a legitimate broker regulated under Indonesian law. It holds a Forex Trading License from BAPPEBTI and is regulated by the JFX, ensuring compliance with local regulatory standards.
A2: Maxco protects client funds by keeping them in independently regulated bank accounts, separate from the broker’s own assets. This practice is in line with regulations from BAPPEBTI and JFX, enhancing fund security.
A3: Maxco generally receives positive feedback regarding its withdrawal processes, with users noting efficient and timely transactions. While there may be occasional service availability issues, complaints are limited, indicating a reliable withdrawal experience.
A4: Customers can reach Maxco’s customer support via email at cs@maxco.co.id or by phone at +62 21 720-5868. However, it’s important to note that customer support is not available 24/7.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.