SAFUMAX

SAFUMAX is a retail forex and CFD broker registered in Hong Kong, with a stated founding date of 5 December 2017. The company’s official domain is safumax.com. While it presents itself as a multi-asset trading provider, independent public information about its operations is limited, and traders should approach with caution.

As of our assessment, SAFUMAX holds no active regulatory licence from a major jurisdiction. The only licence once recorded, from the Financial Service Providers Register (FSPR) in New Zealand, has been revoked. This absence of regulatory oversight significantly increases the risk profile for any trader considering engagement.

According to its registration records, SAFUMAX is based in Hong Kong, with a registered address at 6c Morrin Road, Saint Johns, Auckland — a New Zealand address that aligns with its former FSP registration. The company was established in 2015 (with a specific founding date of December 2017 recorded in our data).

Despite its Hong Kong registration, the firm does not appear to be licensed or regulated by the Hong Kong Securities and Futures Commission (SFC) or any other reputable financial authority. The use of a New Zealand address and a revoked FSP licence suggests an attempt to create a veneer of credibility that no longer holds.

The only regulator ever linked to SAFUMAX is the Financial Service Providers Register (FSPR) in New Zealand. Our records show an entry under FSPR for 'Inst Forex Execution (STP)', but the status is listed as revoked. This means SAFUMAX is no longer licensed to provide financial services in New Zealand, and any client protections that might have existed are no longer in effect.

Without a valid licence from a respected regulator — such as the FCA, ASIC, CySEC, or the FSA — the broker operates without mandatory compliance with client fund segregation, negative balance protection, or dispute resolution schemes. This is a critical red flag for any trader.

SAFUMAX claims to offer trading in Forex, Indices, Commodities, and Digital Currencies. These are standard instruments for a retail CFD broker. However, due to the lack of transparency and verified information, we cannot confirm the trading conditions, leverage, or spreads offered.

No specific platform is mentioned in public records. It is likely that the broker offers a web-based or downloadable trading platform, but without access to its official website, this cannot be verified. Similarly, funding methods and account types remain undisclosed.

No information is publicly available regarding SAFUMAX’s account types. Typical brokers in this space offer tiered accounts based on deposit size or trading volume, but we have no data to confirm any such structure.

Traders should be aware that the absence of clear account information is itself a warning sign. Legitimate brokers usually provide detailed account specifications on their websites to help traders make informed decisions.

FXCanary’s Scam Risk Score for SAFUMAX is 42 out of 100, categorised as 'Guarded'. This score reflects the broker’s unregulated status, revoked licence, and limited public information. While not a confirmed scam, the risk of misconduct or financial loss is elevated.

Traders considering SAFUMAX should perform extensive due diligence, verify all claims directly with the broker, and be prepared for the possibility of no regulatory recourse in the event of a dispute.