Demaxis.com Review
Beware Investors Demaxis.com – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Who is Demaxis.com:
Demaxis.com is a website that claims to offer online trading services in various markets, such as forex, stocks, commodities, indices, and cryptocurrencies. The website does not provide any information about the company behind it, its registration, or its license. The only contact details are an email address and a phone number.
Regulation:
One of the most important factors to consider when choosing a broker is regulation. Regulation ensures that the broker follows certain rules and standards to protect the interests of its clients and the integrity of the market. However, Demaxis.com is not regulated by any financial authority, such as the FCA in the UK, the CySEC in Cyprus, or the ASIC in Australia. This means that Demaxis.com operates without any oversight or accountability and can manipulate the prices, execute unfair trades, or refuse to process withdrawals.
Location:
Another red flag about Demaxis.com is its location. The website does not disclose where it is based or where it operates from. This makes it difficult to track down the company or file a complaint in case of any dispute. Moreover, some online sources suggest that Demaxis.com is linked to offshore jurisdictions, such as St. Vincent and the Grenadines or the Marshall Islands. These countries are known for their lax regulations and lack of transparency, making them a haven for scam brokers.
Services:
Demaxis.com claims to offer a variety of trading services, such as access to multiple platforms, low spreads, high leverage, fast execution, and educational resources. However, these claims are not backed by any evidence or testimonials. In fact, many customers have reported that Demaxis.com has poor trading conditions, such as high fees, hidden charges, wide spreads, slippage, and requotes. Furthermore, Demaxis.com does not offer any demo account or free trial to test its services before depositing money.
Reviews:
One of the best ways to check the reputation of a broker is to read the reviews from other customers. Unfortunately, Demaxis.com has mostly negative reviews on various websites and forums, such as Trustpilot, Forex Peace Army, and Scam Broker Investigator. Many customers have complained that Demaxis.com is a scam that lures them with false promises and then steals their money. Some of the common issues reported by customers are:
– Difficulty in verifying their accounts or withdrawing their funds
– Pressure from aggressive account managers to deposit more money or accept bonuses
– Manipulation of trading results or cancellation of profitable trades
– Harassment or threats from customer service agents
– Closure of accounts without notice or explanation
Customer Service:
Another aspect to consider when choosing a broker is customer service. Customer service is essential for resolving any issues or queries that may arise during trading. However, Demaxis.com has very poor customer service, according to many customers. The website only provides an email address and a phone number as contact options, but no live chat or social media channels. Many customers have reported that Demaxis.com does not respond to their emails or calls or gives them vague or misleading answers. Some customers have even claimed that Demaxis.com has blocked their numbers or emails after they requested a withdrawal or complained about their services.
Securing Your Investments Against Unscrupulous Brokers:
Trading online can be a rewarding and profitable activity if done with a reputable and regulated broker. However, there are many unscrupulous brokers like Demaxis.com that prey on unsuspecting customers and scam them out of their money. To avoid falling victim to such brokers, here are some tips on how to secure your investments:
– Do your research before choosing a broker. Check their website for information about their company, registration, license, location, and contact details.
– Verify their regulation status with the relevant financial authority in your country or region. Avoid brokers that are not regulated or that are based in offshore jurisdictions.
– Read the reviews from other customers on various websites and forums. Look for positive feedback and ratings from verified users.
– Test their services with a demo account or a small deposit before committing a large amount of money.
– Beware of unrealistic offers or guarantees of high returns with low risk.
– Do not accept any bonuses or incentives that may come with hidden terms and conditions.
– Do not share your personal or financial information with anyone who contacts you unsolicitedly.
– Do not let anyone pressure you into making decisions that you are not comfortable with.
– Keep track of your trading activities and results and report any suspicious or fraudulent behavior to the relevant authority.
Conclusion:
Demaxis.com is not a reliable or trustworthy broker. It is not regulated by any financial authority and has many negative reviews from its customers. It has poor trading conditions, poor customer service, and poor reputation. It is a scam that should be avoided at all costs. If you are looking for a legitimate and regulated broker, you should look elsewhere.
