Scam Warning

Last updated: Oct 11, 2026 · Reviewed whenever new reports are filed or regulatory status changes

MaxifyFX Review

MaxifyFX is rated Scam Warning by Brokers Alerts. We requested a $250 cash-out at the start of October 2026, and ten days later the transfer still hadn’t shown up, despite the broker marketing its withdrawals as instant. On top of that, the company that signs client contracts is a Saint Lucia firm that names no financial regulator.

Written by

Jaber Numan

Lead Broker Analyst & Managing Editor

Verified by

Alexander Evans

Founder & Site Owner

Composite Score

Automatic Scam Warning: Knockout Rule

Regulation & Licensing sub-score of 3 is at or below the 3 automatic knockout floor; Withdrawal Reliability sub-score of 1 is at or below the 3 automatic knockout floor

For reference, the underlying composite score is 3.1 / 10: the knockout rule overrides the composite regardless of the overall number.

Regulation & Licensing 3.0 / 10 30%
Withdrawal Reliability 1.0 / 10 20%
Complaint Record 5.0 / 10 20%
Trading Conditions Transparency 3.0 / 10 15%
Platform & Execution 4.0 / 10 10%
Customer Support 3.0 / 10 5%

About MaxifyFX

MaxifyFX, also called Maxify, is a forex and CFD broker that offers trading on MetaTrader 5 and cTrader. The company behind it is MaxifyFX Ltd, registered in Saint Lucia under company number 2023-00670. A second company, Maxify Group (Pty) Ltd in South Africa, also appears on the website. The broker mainly targets traders in Arab countries, Latin America, and Russia, and its website is available in English, Arabic, and Spanish. It also lists offices in Dubai, Moscow, and Mexico City. However, the site isn’t consistent about where its headquarters is. The homepage says Alexandria, Egypt, while the contact page says Saint Lucia. MaxifyFX doesn’t accept clients from the United States, Myanmar, North Korea, or Iran.

Regulation Status

At first glance, the FSCA reference in the footer suggests South African oversight. However, that license belongs to MAXIFY GROUP (PTY) LTD, not to the company traders actually sign with. The Client Agreement makes MaxifyFX Ltd the broker, applies Saint Lucia law, and sends disputes to private arbitration in Gros-Islet. Nowhere in that document does a regulator appear.

For a retail trader, the difference matters a great deal. A South African license only helps clients of the South African entity. Meanwhile, anyone who opens an account through maxifyfx.com contracts with a Saint Lucia company that names no supervisor, so there’s no compensation fund and no regulator to escalate to. In addition, section 11.2 includes a class action waiver, which leaves each client to pursue a dispute alone. Our guide to FSCA regulated brokers explains what that license does protect when it applies.

License Verification

Account Types & Trading Conditions

Account Min. Deposit Max. Leverage Spread Commission
Standard $15 1:300 0.6 (unit not stated) N/A
EA $500 1:100 or 1:300 (pages conflict) 2 points N/A
FY $1,000 1:300 0.3 pips $4 per trade volume
Zero $4,500 1:300 0.1 pips plus raw spread $7 per trade volume

The numbers don't stay consistent across the site. The EA account shows 1:300 leverage on its own card but 1:100 in the comparison table. Spreads switch between pips, points, and no unit at all. Likewise, the broker quotes "100+ instruments" in one place and "over 1,000" in another, and describes its execution speed as 12 milliseconds in one section and 12 nanoseconds in its FAQ. The contract adds further uncertainty. Margin and leverage can change "at any time, without prior notice," which may trigger immediate margin calls. Section 6.1 allows inactivity fees after a period the broker decides, while section 7.7 lets it apply its own exchange rates "which include a markup or fee." Promotions follow the same pattern of fine print. The $35 welcome bonus is restricted to Standard accounts and to clients under 40 in eligible Arab countries; Jordan, Morocco, Egypt, Tunisia, Algeria, the UAE, and Yemen are excluded. Profits from it become withdrawable only once the balance reaches $100, they're capped at $150, and trades closed within 120 seconds don't count. There's also a deposit bonus of up to 30% on deposits up to $6,000, which shrinks in proportion to any withdrawal.

Trading Platforms

MaxifyFX offers MetaTrader 5 and cTrader, two well-known trading platforms made by outside developers, so you aren’t locked into software built by the broker itself. Both come with TradingView charts, an economic calendar, and market news. Our team used the platform on desktop while testing the account.

The broker also says it runs a “full A-book” model, meaning it passes client orders to outside liquidity providers instead of trading against them, with its servers based in a London data center known as LD4. We couldn’t verify either claim. Either way, good trading software doesn’t make up for a withdrawal that never arrived.

Tradeable Assets

According to the broker, clients can trade forex (more than 100 major, cross, and exotic pairs), metals, indices, commodities, digital assets, and shares from US, UK, and EU companies. No per-account instrument list is published, and the total count varies across pages, as noted above.

Deposit & Withdrawal Methods

MaxifyFX accepts deposits in USDT, the Tether stablecoin, or through local payment methods handled by a third party it calls an “intermediary depositor.” Peer-to-peer (P2P) payments are listed as coming soon. The broker’s terms also mention bank transfers, cards, and e-wallets. We funded our account with a Visa card.

Withdrawals are less clear. The broker doesn’t list which methods you can use to take money out, and it gives mixed signals on timing. The Standard account is advertised with instant withdrawals, yet the terms give 1 to 5 business days as an example and say the broker isn’t responsible for delays. Fees depend on the payment method, but we couldn’t find a fee schedule anywhere on the site.

Several terms give the broker wide room to hold back client money. It can refuse or delay a withdrawal while it runs an investigation or handles a dispute. If you deposit more than $5,000 and can’t document where the money came from, it can return only your original deposit and close your account. On top of that, clients caught using banned trading practices, including very short trades held for under about 30 seconds, can lose their profits and, in the broker’s words, “even their initial capital.”

Customer Support

The contact page is titled “24/7 Support,” but it lists only an email address (info@maxifyfx.com), a contact form, and a call-back request. No phone number or live chat appears. The broker also maintains Telegram, Facebook, Instagram, and YouTube channels.

Complaint History

So far, Brokers Alerts holds no verified Report a Broker submissions on MaxifyFX, as of October 11, 2026. Tracking began when this review opened. Therefore, the 5.0 Complaint Record score means insufficient evidence, not a spotless file. Our own $250 test sits under Withdrawal Reliability instead, so it isn’t double counted. Every new report will update this section.

Withdrawal Test Notes

At the start of October 2026, we filed a $250 cash-out request against a live, funded MaxifyFX account. The broker promotes instant withdrawals, and its own contract points to roughly one to five business days. Ten calendar days later, however, the funds had still not arrived.

Official Domain

Verified official domain: maxifyfx.com.

Fraud Pattern Checklist

  • Withdrawal refusal: our $250 request was still unpaid after ten days, beyond both the advertised "instant" timing and the contract's 1 to 5 business day example.
  • Unlicensed operation: MaxifyFX Ltd, the company clients contract with, names no financial regulator, while the FSCA license belongs to a separate South African entity.

Pros & Cons

Pros

  • Clients get MetaTrader 5 and cTrader, both established third-party platforms.
  • All four accounts are swap-free and open from a low $15 minimum.

Cons

  • Our $250 cash-out remained outstanding ten days after we filed it.
  • The contracting company names no regulator, and disputes go to private arbitration in Saint Lucia.
  • Leverage, spreads, instrument counts, and execution speed contradict each other across pages.
  • Support offers no phone line or live chat despite a "24/7" claim.

Where This Broker Falls Short

This broker's weakest area is Withdrawal Reliability, its lowest category score at 1 / 10.

Verdict

On the surface, MaxifyFX looks polished, with a low entry, swap-free accounts, and two respected platforms. However, the client contract belongs to a Saint Lucia company with no named regulator, and its terms allow the broker to delay transfers, alter leverage, and in some cases keep a client's capital. Our $250 request, still unpaid after ten days, showed how those terms can play out in practice. For that reason, Brokers Alerts recommends against depositing with MaxifyFX. If the funds arrive and a later test succeeds, we'll update this verdict.

FAQ

Is MaxifyFX regulated?

Not the company you sign with. The account contract is with MaxifyFX Ltd in Saint Lucia, which names no regulator. A separate company, MAXIFY GROUP (PTY) LTD, lists FSCA license 54512 in South Africa.

Is MaxifyFX a scam?

Brokers Alerts classifies it as a Scam Warning. That classification is based on an unpaid $250 withdrawal from our own test and on the absence of a regulator for the contracting entity. It is our evidence-based assessment, not a legal ruling.

Does MaxifyFX offer a no-deposit bonus?

It offers a $35 welcome bonus on Standard accounts for clients under 40 in eligible Arab countries. The bonus itself can’t be withdrawn, profits unlock at a $100 balance, and the maximum profit you can take out is $150.

How long does a MaxifyFX withdrawal take?

The broker advertises instant withdrawals, and its Client Agreement mentions 1 to 5 business days. In our test, $250 was still missing ten days after we asked for it.

Who owns MaxifyFX?

The website doesn’t name owners or executives. It lists two companies: MaxifyFX Ltd in Saint Lucia and MAXIFY GROUP (PTY) LTD in South Africa.

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