Uncertain about RediMax.com platform? Is the broker genuine or scam? Let’s read RediMax reviews to know about this forex broker.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Table of Contents
RediMax FX otherwise known as RediMax.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
The broker is completely anonymous. It has not revealed any legal information about itself or its alleged registration address.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is RediMax Regulation Claim Genuine?
First of, RediMax has not revealed any contact information about itself or its alleged registration address. The absence of any credible data about this broker’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.
RediMax claims to be regulated by DFSA, the financial regulator of Dubai, and even provided a license number. When we checked the register of DFSA for a company with that number, we did get a match – but not for the company behind this broker, RediMax Global Markets Ltd. The license belonged to n entirely different legal entity that was not at all related to this broker.
Additionally, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does RediMax Have Account Types?
RediMax offers demo and live trading account for clients. The broker provides a leverage capped 1:400.
RediMax deposit is indicated $500 according to the account type. This appears ridiculous for a start.
In contrast, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the broker funding methods, the broker accepts bank wire transfer or electronic payment app RMB Instant Pay. These payment methods are relatively safe. But, we cannot confirm that you would be able to use any of them as we were unable to open an account with the broker.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
RediMax Trading Software
RediMax claims to offer popular industry trading platform, MetaTrader 4. However, we weren’t able to try this platform because of the website malfunctioned and would not load.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
RediMax Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that RediMax.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
RediMax located at RediMax.com appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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