Brokers  /  MAX

MAX

Severe risk
🇦🇺 Australia · 5-10 years · since 2017-12-15 · MAX MS TRADE
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.62/10
Trustpilot/5
Forex Peace Army/5
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No sign that MAX actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • 6 user exposure/complaint reports filed
  • Withdrawal complaints in ~167% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMAX MS TRADE
Headquarters🇦🇺 Australia
Founded2017-12-15
Years operating5-10 years
Employees0
Official websitemaxsl.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

MAX is an unregulated broker with a severe scam risk score of 85/100, founded in Australia in 2017. The lack of regulatory oversight and public information makes it a high-risk entity. Traders should avoid dealing with this broker.

Not for
  • Retail traders requiring regulatory protection
  • Risk-averse investors
Period:
What users complain about
Where reviewers are from
Hong Kong6

Real user reviews

Where MAX operates

Based on its licenses and complaint records.

🇭🇰 Hong Kong 6 complaints

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About MAX

Overview

MAX is a trading entity operating under the domain maxsl.com, registered in Australia with a founding date of December 15, 2017. According to FXCanary's records, the broker does not hold any verifiable regulatory licence from a recognised financial authority. This absence of oversight places MAX in a category of unregulated brokers, which carries inherent risks for potential clients.

The company's official website is not available for independent review, and aggregated industry data provides no additional user feedback or operational details. As a result, the information we present is derived solely from public registry records and FXCanary's internal assessment.

Regulatory Status

FXCanary's checks of international regulatory registers confirm that MAX is not authorised by any major financial regulator, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, or the Cyprus Securities and Exchange Commission (CySEC). The broker's registration in Australia does not automatically imply regulatory oversight; many entities register a company in Australia without obtaining an Australian Financial Services Licence (AFSL).

Traders should be aware that engaging with an unregulated broker means there is no independent dispute resolution mechanism or fund protection scheme. In the event of a dispute or insolvency, clients have limited recourse.

Company Background

MAX was established on December 15, 2017, according to corporate records. The company is domiciled in Australia, but its exact operational footprint remains unclear due to the lack of publicly available information. The domain maxsl.com does not resolve to a functional website in our tests, which further limits our ability to verify the broker's claims.

Industry databases list no user reviews or complaints for this entity, suggesting either a very small client base or recent market entry. Without a proven track record or community feedback, assessing the broker's reliability is challenging.

Risk Assessment

FXCanary's proprietary scam risk model assigns MAX a score of 85 out of 100, indicating a severe risk level. Key risk factors include the complete absence of regulatory licensing, the lack of an operational website, and insufficient independent information to evaluate the broker's services. Unregulated brokers carry a higher probability of misconduct, such as fund mishandling or unfair trading conditions.

Potential clients should consider these risks carefully. Without regulation, there is no guarantee that the broker adheres to industry standards regarding client fund segregation, trade execution, or conflict of interest management.

Conclusion

In summary, MAX (maxsl.com) is an unregulated broker based in Australia with a high risk profile. The scarcity of independent public information and the severe scam risk score warrant extreme caution. Traders are advised to avoid depositing funds with unregulated entities unless they fully understand and accept the associated risks.

For those seeking a trading partner, FXCanary recommends selecting from our list of fully regulated brokers, which are subject to stringent oversight and client protection measures.

Overview compiled by FXCanary from regulatory records and public data. full MAX review