maxco

Maxco is an Indonesian forex broker established on 13 January 2022. The company is registered under the name Maxco and operates from its office at Jl. Jend. Sudirman Kav-1, Senayan, Jakarta Pusat, 10270, Indonesia. It targets retail traders in Indonesia and provides access to trading in over 70 financial products.

As a relatively new entrant to the brokerage industry, Maxco has built its offering around a single account type with high leverage and promises of low fees and bonuses. The broker’s official website is maxco.co.id.

Maxco holds two Indonesian licences: a Forex Trading License (EP) from BAPPEBTI (the Commodity Futures Trading Regulatory Agency) and a Derivatives Trading License (AGN) from the Jakarta Futures Exchange (JFX). Both are listed as ‘Regulated’ in FXCanary’s records, indicating that the broker is subject to local oversight.

Being regulated by BAPPEBTI means Maxco must comply with Indonesian commodity futures trading laws, including client fund segregation and reporting requirements. However, traders should note that Indonesian regulation may not offer the same level of investor protection as top-tier jurisdictions like the FCA or ASIC.

Maxco currently offers a single account type named ‘Real’. No specific minimum deposit is specified, but the account provides a maximum leverage of 1:500. This high leverage is typical for retail forex brokers and allows traders to control large positions with relatively small capital, though it also amplifies risk.

The absence of multiple account tiers means traders have limited choice in terms of fee structures or platform features. The broker does not explicitly mention the availability of demo accounts, but per its company description, Maxco indicates that it provides demo accounts for novice traders.

The broker claims to offer more than 70 trading products. However, the specific instrument types (forex pairs, commodities, indices, etc.) are not detailed in the known facts. This lack of transparency makes it difficult for traders to assess whether Maxco covers their preferred markets.

Information about trading platforms is also absent. It is unclear whether Maxco supports MetaTrader 4/5, a proprietary platform, or any other software. Traders should verify platform availability directly with the broker before opening an account.

No information is provided regarding deposit and withdrawal methods, fees, or processing times. Similarly, customer support channels are not specified beyond the existence of social media accounts (Facebook, Instagram, YouTube).

Traders considering Maxco should contact the broker for clarity on funding and withdrawal procedures to ensure they align with their needs.

Maxco was founded on 13 January 2022 and is headquartered in Jakarta, Indonesia. As a young broker, it lacks the operational track record of longer-established firms. The company describes itself as offering low fees, bonuses, and demo accounts for beginners.

With no independent user reviews or substantial online presence beyond social media, there is limited independent verification of Maxco’s service quality. Traders should approach with appropriate caution and consider the broker’s short history.