Demaxis

Demaxis is an unregulated forex and CFD broker registered in Saint Vincent and the Grenadines. The company was founded on April 29, 2022, and operates under the brand name Demaxis Ltd., with a business address in Hong Kong. As of the time of this review, the official website demaxis.com displays a notice stating that the broker is shutting down permanently, advising clients to contact support via email.

The broker's registered office is at Beachmont Business Centre, 311, Kingstown, St. Vincent and the Grenadines. It is important to note that Demaxis does not hold any financial regulatory license, which means clients lack the protection of a regulatory ombudsman or compensation scheme.

Demaxis offers six account tiers with high minimum deposit requirements, starting at $2,500 for the Beginner account and going up to $250,000 for the VIP account. The other account types are Standard ($5,000), Intermediate ($25,000), Advanced ($50,000), and Integral ($100,000). Maximum leverage is not specified for any account in the available records.

These high entry barriers suggest the broker was targeting wealthy or professional traders. However, the lack of transparency on leverage and the unregulated status raise significant concerns for potential clients.

According to the company description, Demaxis claims to offer a wide range of trading assets including currencies, indices, stocks, energies, commodities, and digital currencies. The maximum leverage advertised is up to 1:400. However, no specific trading platform names were provided in the available data.

Given the shutdown notice, it is unclear whether these services were ever fully operational. Independent verification of the claimed instruments and leverage is not possible at this time.

Demaxis is not regulated by any major financial authority. The company is registered in Saint Vincent and the Grenadines, a jurisdiction known for lax oversight of forex brokers. This lack of regulation means client funds are not segregated in a protected account, and there is no recourse to a financial ombudsman in case of disputes.

The broker's registration number in Hong Kong (26690BC2022) does not confer any trading license. Traders are strongly advised to verify the regulatory status of any broker before depositing funds.

As of the latest check, demaxis.com displays a message stating the broker is permanently shutting down. The site provides an email address ([email protected]) and a contact form for assistance. No explanation for the shutdown is given.

Traders who may have accounts with Demaxis should attempt to withdraw any remaining funds immediately. If withdrawal requests are not honored, clients may need to seek legal advice, as the unregulated nature of the broker limits options for recourse.