Maxain

According to WikiFX data, Maxain has a core score of 7.07 and an overall regulatory status of Regulated. The brand's license list shows a United States FinCEN Currency Exchange License (MSB) held by Maxain Markets Limited and a Malaysia LFSA Forex Transmission License (RTO) held by Maxain Limited. Regulatory protection depends on the specific legal entity, license scope, product, and client jurisdiction. Therefore, safety and reliability cannot be guaranteed solely by the score or regulatory status, and users should verify the applicable entity and license for their circumstances.

According to WikiFX data, Maxain is classified as Regulated. The license list includes: (1) United States FinCEN Currency Exchange License (MSB), status Regulated, held by Maxain Markets Limited, regulation number 31000317562765; (2) Malaysia LFSA Forex Transmission License (RTO), status Active, held by Maxain Limited, regulation number MB/23/2017. No abnormal licenses are listed.

According to WikiFX data, the minimum entry condition varies by account type: CENT has an entry condition of $0.01, PRO has an entry condition of $1, and ECN has an entry condition of $10,000. The lowest listed minimum deposit is therefore $0.01 for the CENT account.

According to WikiFX data, Maxain supports MT4, with two MT4 entries listed, but does not show MT5 support, as the MT5 count is 0.

According to WikiFX data, the pros of Maxain include: (1) a regulatory status of Regulated with a United States FinCEN Currency Exchange License (MSB) held by Maxain Markets Limited and a Malaysia LFSA Forex Transmission License (RTO) held by Maxain Limited; (2) an operating history of 5-10 years with a global business scope; (3) multiple account types, including CENT, PRO, and ECN, with low entry conditions on CENT and PRO, and MT4 support. The cons include: (1) the ECN account requires a relatively high minimum entry condition of $10,000; (2) maximum leverage can be as high as 1:1000 on the PRO account, which may increase risk; (3) MT5 support is not shown in the listed data.

According to WikiFX data, no significant user complaint records or negative exposure items are currently shown for Maxain.

According to WikiFX data, Maxain Markets Limited holds a United States FinCEN Currency Exchange License (MSB) with regulation number 31000317562765. This indicates a regulatory registration in the United States. However, whether specific trading services are available to US residents depends on the licensed entity, the scope of the license, and applicable US regulations; WikiFX data does not provide a definitive statement on service availability for all products.

WikiFX assessment indicates Maxain is regulated and offers account types with low entry conditions: CENT from $0.01, PRO from $1, and ECN from $10,000. It also supports MT4. However, suitability for beginners cannot be definitively stated because it depends on the individual's knowledge, risk tolerance, and the specific account terms, including leverage up to 1:1000 on the PRO account. Beginners should consider the regulatory protections and risk controls applicable to their jurisdiction.

According to WikiFX data, Maxain's listed spreads start from 0.0 on the ECN account and from 1.3 on the PRO and CENT accounts. Commission structures and other trading fees are not specified in WikiFX data. Whether fees and spreads are high depends on the account type, trading volume, and market conditions; users should compare the total cost including any commissions.

According to WikiFX data, Maxain offers three account types: CENT, PRO, and ECN. CENT: spread from 1.3, maximum leverage 1:400, entry condition $0.01, stop-out ratio 50%, and supports locking, scalping, and EA. PRO: spread from 1.3, maximum leverage 1:1000, entry condition $1, stop-out ratio 30%, and supports locking, scalping, and EA. ECN: spread from 0.0, maximum leverage 1:100, entry condition $10,000, stop-out ratio 50%, and supports locking, scalping, and EA. The main differences are entry condition, spread, and maximum leverage.

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Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.