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Promax Trading

Saint Lucia | 5-10 years |
Suspicious Regulatory License | MT5 Full License | Regional Brokers | High potential risk

https://promaxtrading.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PromaxTrading-MT5

Netherlands
MT5
2

Influence

D

Influence index NO.1

India 2.60

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
PromaxTrading-MT5 MT5
Server Location Netherlands

Influence

Influence

D

Influence index NO.1

India 2.60
Surpassed 20.80% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+971 42632-571
support@promaxtrading.com
https://promaxtrading.com/
Flat #2, Floot #2, Bulding Abdullah Obaid Mohd, Abdulla AL Dhaghaya GOLD SOUQ, DUBAI, UAE

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-06-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic Information

Registered Region
Saint Lucia
Operating Period
5-10 years
Company Name
Promax Trading Limited
Customer Service Email Address
support@promaxtrading.com
Contact Number
+97142632571

0074756

Unverified

India

without notice account dicebled for scam

Exposure

03-13

12584612

Unverified

United Arab Emirates

This broker does not pay IB commissions and wiped out all my backend data

Exposure

2024-11-14

Mohamed Lewaa

Unverified

Vietnam

Trading on this platform is just okay, mostly because the customer service team handles issues in an unprofessional manner... But the returns are pretty solid.

Neutral

2024-07-31

¥

Unverified

Colombia

Would like to see tighter prices in some FX pairs such as TRY crosses, and certain liquid fututes, such as S&P 500 futures.

Neutral

2024-05-17

FX1225765733

Unverified

Pakistan

Promax is the regulated broker.i am working with them from past 2 years.very fast execution.no issues of withdrawal and deposit Promax ita all about you

Positive

2023-03-09

Ahmed Kaleem

Unverified

United Arab Emirates

ProMax Trading now registered and incorporated in Labuan Financial services Authority Malaysia and also have Commercial Broker Licence from United Arab Emirates .

Positive

2023-03-08

中国狙击

Unverified

Nigeria

When market crashed,they showing error while logging,and app not working properly, order not placed on time,and Pormax changes its required margins...

Neutral

2023-02-17

华仔58944

Unverified

Hong Kong

Low minimum deposit requirement, competitive trading conditions, ultra-fast execution, multiple deposit and withdrawal options to choose from...there are so many benefits of Promax. My trading experience here is very good.

Positive

2022-12-01

8
Account
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Comment
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Full License MT5
0
MT4 Servers
1
MT5 Servers
184.50
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5
Perfect

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Website

promaxtrading.com
70.35.203.43
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Genealogy

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Relevant Enterprises

PROMAX TRADING LIMITED(Hong Kong)
Deregistered
Hong Kong
Registration No. 0446015
Established 2019-09-03
Related sources Website Announcement

Company Summary

Promax Trading Review Summary
Founded2018
Registered Country/RegionSaint Lucia
RegulationNo regulation
Market InstrumentsForex, Commodities, Stocks, Indices
Demo Account
LeverageUp to 1:500
EUR/USD Spread1.3 pips (Starter account)
Trading PlatformMetaTrader 5 (MT5)
Minimum Deposit$200
Customer SupportPhone: +971-42632-571
Email: support@promaxtrading.com

Promax Trading Information

Promax Trading, founded in 2018, offers access to forex, commodities, stocks, and indices with competitive conditions and the popular MT5 platform. It features high leverage up to 1:500 and a low minimum deposit of $200, appealing to both beginner and experienced traders. However, it lacks strong regulatory oversight, raising concerns about transparency and fund security.

Promax Trading's homepage

Pros and Cons

Pros Cons
Wide range of tradable instrumentsNo regulation
Demo accountsHigh minimum deposit
Supports the popular MT5 platform
No deposit/withdrawal fees

Is Promax Trading Legit?

Promax Trading is not a legitimate broker. It is registered in Saint Lucia but holds no valid regulatory license from the local authority or any official body. Major global regulators like the FCA (UK), ASIC (Australia), and NFA (USA) also do not license or oversee its operations.

No license

The domain promaxtrading.com was registered on December 26, 2019, and will expire on December 26, 2030. It is currently in a “client transfer prohibited” status, which means the domain is locked to prevent unauthorized transfers or changes.

Domain information

What Can I Trade on Promax Trading?

Promax Trading offers a range of tradable instruments including forex, commodities, stocks, and indices.

Tradable Instruments Supported
Forex
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs
What Can I Trade on Promax Trading?

Account Type

Promax Trading offers four types of live accounts: Starter, Premium, Ultimate, and PAMM. It also provides a demo account for practice.

Account TypeMinimum DepositMaximum LeverageSpreadCommissionSuitable for
Starter$2001:500Variable$0Beginners, small-scale traders
Premium$5,000From 0.0 pips$8Active traders needing tight spreads
Ultimate$25,000$5Professional, high-volume traders
PAMM$500Variable$0Investors using managed accounts
Demo ////Practice, strategy testing
Account comparison

Leverage

Promax Trading offers leverage of up to 1:500. Note that high leverage can amplify not only profits but also losses.

Promax Trading Fees

Compared to industry standards, Promax Tradings fees are relatively competitive, especially on its Premium and Ultimate accounts with spreads starting from 0.0 pips, though commissions apply.

SymbolStarter Account Premium Account Ultimate Account
EUR/USD1.3 pips0.0 pips
AUD/USD
GBP/USD1.6 pips
NZD/USD1.3 pips
USD/CHF
USD/CAD2.1 pips
USD/JPY
Promax Trading spreads

Non-Trading Fees

Non-Trading Fees Amount
Deposit Fee 0
Withdrawal Fee 0
Inactivity Fee Not mentioned
Non-Trading Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MetaTrader 5 (MT5)Windows, Mac OS, iOS, AndroidExperienced traders
Web TerminalAny web browser (desktop, mobile)/
Mobile AppiOS, Android/
MetaTrader 4 (MT4)/Beginners
MT5

Deposit and Withdrawal

Promax Trading does not charge any deposit or withdrawal fees. The minimum deposit is $200.

Payment MethodMinimum DepositFeesDeposit TimeWithdrawal Time
Skrill$2000Up to 2 hoursUp to 24 hours
Direct Debit / Credit Card
Webmoney
Neteller
Bank Wire3–5 business days3–5 business days
UnionPayUp to 2 hoursUp to 24 hours
Knet
Fasapay
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

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