MAXO

MAXO operates under the domain maximaoptions.com and is registered in the United Kingdom with a founding date of 19 February 2021. Despite its UK registration, the registered address is listed as 115 17th St SW, Knoxville, TN 37916, United States, creating a discrepancy between its claimed jurisdiction and physical location. The broker presents itself as an online trading platform, though its regulatory status remains unverified.

FXCanary's review found no evidence of authorisation from any recognised financial regulator. The absence of oversight is a significant concern for traders, as it means there is no external body ensuring adherence to financial standards or client protection mechanisms such as compensation schemes.

According to the known facts, MAXO holds no regulatory licences from any financial authority. This is a critical red flag, as regulated brokers in the UK must be authorised by the Financial Conduct Authority (FCA) or equivalent bodies. The total lack of oversight means traders have no recourse through a regulatory ombudsman if disputes arise.

In our assessment, the unregulated status places MAXO in the high-risk category for retail traders. Industry databases confirm no licence information on file, and we could not verify any claims of affiliation with a regulatory body. Traders should exercise extreme caution when considering any entity that operates without a valid licence.

MAXO offers three account tiers: Shares Account, Cent Account, and Standard Account. The Shares Account requires a minimum deposit of $/€/£100 or ₦40,000 and provides a maximum leverage of 1:10. The Cent Account is designed for smaller traders, with a minimum deposit of $/€/£10 or ₦2,000 and leverages up to 1:1000. The Standard Account also starts at $/€/£100 or ₦40,000 with the same high leverage of 1:1000.

The availability of leverage as high as 1:1000 is exceptionally risky, amplifying both potential gains and losses. While such terms might appeal to speculative traders, they are a hallmark of unregulated or offshore brokers that do not adhere to leverage caps imposed by reputable jurisdictions (e.g., ESMA's 1:30 cap for retail clients).

The registered address provided is located in Knoxville, Tennessee, United States, which diverges from the UK registration. This mismatch often indicates a shell address or virtual office, making it difficult for clients to verify physical presence. No telephone number, email address, or customer support channels were evident in our records.

The lack of transparent contact details further erodes trust. A legitimate broker typically provides multiple communication channels and a verifiable physical office. The absence of such information suggests that the broker may not be fully committed to client service or regulatory compliance.

MAXO has an FXCanary Scam Risk Score of 85/100 (Severe). This high score is driven by the complete lack of regulation, the discrepancy between registration and physical address, and the presence of extreme leverage options. Traders considering this broker face substantial risks, including potential loss of funds due to unfair practices or outright fraud.

In our independent editorial assessment, MAXO does not meet the standards of a trustworthy trading environment. Without regulatory oversight, there is no guarantee of segregation of client funds, transaction transparency, or fair trade execution. We strongly advise traders to seek regulated alternatives.