About Max Capital
Company Overview
Max Capital is a financial firm registered in Argentina, founded on August 7, 2019, and operating from its office at Ortiz de Ocampo 3220, 5° piso, CABA. The company describes itself as a provider of investment services for both personal and business clients, offering a wide array of financial instruments. According to its website, it has been active for over 10 years, though official records indicate a registration date of 2019.
Regulation and Licensing
Our records show that Max Capital has no regulators on file. The Argentine securities market is overseen by the Comisión Nacional de Valores (CNV), but we could not confirm that Max Capital is registered with them. This lack of regulatory oversight means traders have no recourse to a formal ombudsman or compensation scheme. The broker's risk score of 43/100 (Guarded) reflects this uncertainty.
Account Types
Max Capital offers two broad account categories. A Personal account is designed for Argentine individuals with a valid DNI, aged 18 or older, and can only be opened via the mobile app. The Other category encompasses corporate accounts, non-resident investors (without Argentine DNI), and accounts for minors. The broker states that account opening and maintenance are free, and administration costs are subsidized.
Platforms
Two primary platforms are available. The Matriz OMS is a professional-grade, cloud-based order management system providing direct market access to BYMA and A3 exchanges. It offers real-time streaming quotes, charts, and leverage tools, suitable for active traders. The Digital platform, along with a mobile app, targets a broader audience, providing a simplified interface for trading all available instruments. The broker also highlights an AI-powered feature to assist clients.
Instruments
The broker covers a wide range of financial products. These include stocks, bonds, CEDEARs, ETFs, mutual funds, futures, options, treasury bills, corporate bonds, and more. Additionally, it offers access to MEP dollar (a mechanism to acquire US dollars through Argentine securities), cauciones (secured loans), deferred payment checks, and promissory notes. All trading is on the BYMA and A3 markets. Notably, there is no mention of retail forex or CFD products.
Fees
Max Capital's fee structure is based on commissions per transaction. For purchases and sales of bonds, stocks, CEDEARs, and options, commissions range from 0.50% to 3.00%. Futures and other derivatives have similar ranges, with some minimum charges in ARS or USD. Cauciones (secured loans) have variable annual rates depending on the currency and direction. The broker states that opening and maintenance fees are waived, and custody costs are subsidized.
Target Audience
The broker appears to target primarily Argentine residents, given the requirement for an Argentine DNI for personal accounts and the focus on local instruments and exchanges. Non-residents can open accounts under the Other category. The platform is suitable for both retail and more sophisticated investors, with the Matriz OMS catering to professional traders. However, without a regulated status, international traders may find it less attractive.
Overview compiled by FXCanary from regulatory records and public data. full Max Capital review