Forex MAXWELL Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

MAXWELL Trading Conditions

Registered Region Singapore

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email cs@maxwellglobaltrading.com

Contact Number N/A

Website www.maxwellglobaltrading.com

Balanced Review

Pros & Cons

Pros

Supports MetaTrader 4 (MT4) platform
Offers leverage of up to 1:100
Access to 28 forex pairs
CFD trading available for spot metals and oil
Provides customer support via email and phone

Cons

Not regulated by any recognized financial authority
Limited selection of trading instruments (no stocks or cryptocurrencies)
High fixed spreads (EUR/USD spread at 3 pips)
Lack of transparency regarding deposit and withdrawal methods
Limited educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MAXWELL	D prime	Phillip Nova	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Singapore	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MAXWELL Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Personal Account	Individual retail traders	Access to a range of financial instruments including forex and CFDs	Suitable for trading on personal behalf
Corporate Account	Businesses and corporate entities	Specialized features for corporate trading needs	Requires additional documentation for verification

Account Opening Process

To open an account with MAXWELL, follow these steps: 1. Visit the MAXWELL website and click on the “Create Account Now” button. 2. Choose your account type and fill out the registration form. 3. Submit personal information, including employment and financial details. 4. Complete identity verification by providing an ID and proof of address. 5. Receive your personal account login via email. 6. Log in and proceed to deposit funds into your account. 7. Download the platform to start trading. Note that you may have the flexibility to upgrade to a professional account later.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	3.0	$30 per lot	Total cost is 6 pips
CFDs (Gold)	Varies	Varies	Dependent on market conditions
CFDs (Oil)	Varies	Varies	Dependent on market conditions
Indices (Nikkei)	Varies	Varies	Dependent on market conditions

Other Fees

MAXWELL may impose various fees, including potential deposit and withdrawal fees, inactivity fees for dormant accounts, and overnight interest (swap rates) on positions held overnight. Additionally, currency conversion fees may apply when trading in different currencies or withdrawing funds.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MAXWELL User Reviews

2.5

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Sarah Johnson

Melbourne

★ ★ ★ ★ ★

I faced significant delays when trying to withdraw my funds. Customer support was not very helpful in resolving my issues, and I often felt ignored. The lack of regulation also makes me uneasy about the safety of my investment.

Michael Lee

Singapore

★ ★ ★ ★ ★

I’ve been using MAXWELL for a while now and I appreciate the MT4 platform. It’s user-friendly and offers a good range of analytical tools. My trades execute quickly, which is essential for my strategy. However, I wish there were more educational resources available.

Emily Chen

Los Angeles

★ ★ ★ ★ ★

My experience with MAXWELL has been frustrating. I tried to contact customer support multiple times for an issue with my account, but the responses were slow and unhelpful. I do not recommend this broker due to its lack of transparency and support.

David Smith

New York

★ ★ ★ ★ ★

MAXWELL has a decent selection of forex pairs and the trading platform is quite efficient. I like the low initial deposit requirement. However, the high spreads can eat into my profits, and I find the withdrawal process a bit unclear.

Singapore Market