Wikilix
Contract reading

What MaximusFX legally published, but does not want you to read

Every clause below is published by MaximusFX itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Maximus Markets Limited

marketing contradictionkyc freezecounterpartyforum waiverno deadlinewithdrawalscompensation schemecost disclosurecountry restrictiondata retention

MaximusFX sells CFD trading at up to 1:1000 leverage. The contract you agree to is seven short clauses on one page. It promises technology services, not brokerage, and never promises to return your money. Its safety page offers negative balance protection and a compensation fund, and its own Risk Disclosure denies both.

Back to MaximusFX

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
12
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
5
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
9

How the 12 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning5
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical7In the contract. Jump to the clause this comes from.The whole client contract is seven short clausesCritical5Account limit. Jump to the clause this comes from.Signup form accepts every country the site excludes4%Fee you were not shown. Jump to the clause this comes from.Free to deposit, 4% to withdraw by card5 working daysWithdrawal limit. Jump to the clause this comes from.Instant withdrawals promised, up to five days published

What the documents say

12 clauses worth knowing about, worst first, each quoted from MaximusFX's own files

01

MaximusFX calls itself a registered and regulated company on its home page, and an authorized CFDs broker on its legal page. Its own AML policy describes what it sells as unlicensed brokerage services.

Why this matters

No MaximusFX document names a regulator or a licence number. The supervisor and the complaints scheme you expect to sit behind a regulated broker are not there.

Exhibit 1CriticalHarder than usual

The company does not intentionally target residents of jurisdictions where unlicensed brokerage services are prohibited, including the United States, United Kingdom, European Union, Canada and Australia.
Clause 8 in KYC and AML Policy
Read from the broker's site on Open the reference
Our own capture of maximusfx.com, taken on Sep 16, 2026The claim, on Home page, Worldwide panelVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must state the regulator's name and their licence number in public material. MaximusFX publishes a company registration number from Saint Vincent and the Grenadines and names no regulator in any document.

MaximusFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 6The pages claiming EU and UK standards sit above a signup form that accepts clients from both, while the AML policy says the company does not target either.
02

The MaximusFX Client Agreement runs to seven clauses on a single page. It promises technology services, trading interfaces and market data tools. It never promises you brokerage, order execution or the return of your money.

Why this matters

Nothing you sign says how your trades are priced, when a position is closed, or what MaximusFX owes you when you ask for your balance. The document sells a platform while the website sells leveraged trading.

Exhibit 2CriticalRarely seen7

The company provides technology-based services related to online trading platforms including access to trading interfaces, market data tools and operational support services.
Clause 1 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client written terms covering execution, costs, margin and how to complain, before that client trades. The MaximusFX Client Agreement covers none of those.

MaximusFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingA retail trading agreement normally runs to tens of pages because it has to define execution, margin, stop out levels, fees and termination. This one defines none of them. A client agreement that calls the service technology rather than brokerage leaves no contractual promise to hold the firm to.

  • Worse together with Exhibit 4The contract creates no duty to pay you, and no document gives you a way to complain when MaximusFX does not.
  • Worse together with Exhibit 5The withdrawal fee lives on a page MaximusFX can rewrite because the contract fixes no fee at all.
03

MaximusFX offers leverage of up to 1:1000 on a $200 minimum deposit. Its safety page tells you every account is protected from a negative balance. Its own Risk Disclosure says your losses may exceed your deposit.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

The page that sold you on safety and the document that binds you say opposite things about the same risk. Only one of them is a contract, and it leaves you liable for losses bigger than the money you put in.

Exhibit 3CriticalHarder than usual1000

Losses may exceed your initial deposit
Clause 3 in Risk Disclosure
Read from the broker's site on Open the reference
Our own capture of maximusfx.com, taken on Sep 16, 2026The claim, on Safety of funds page, Balance Protection panelVisit this page on the broker's siteDownload the full size image file
Our own capture of maximusfx.com, taken on Sep 16, 2026What the contract says, clause 3Visit this page on the broker's siteDownload the full size image file

What it costsAt 1:1000, a $200 deposit controls $200,000 of currency, which is 1,000 times the money you put in.

Set against a regulated standard: FCA (UK), ESMA (EU), CySEC (Cyprus)

Firms licensed by the FCA, or operating under ESMA rules, must give retail clients negative balance protection and must cap retail forex leverage at 1:30. MaximusFX offers 1:1000, and its Risk Disclosure says losses may exceed your deposit.

MaximusFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 2The safety page promises protection the contract never mentions, because the contract has no clause on margin or liability at all.
04

If MaximusFX holds your money and will not release it, its documents give you nowhere to go. The Client Agreement's only words on disputes name the law of Saint Vincent and the Grenadines, and stop there.

Why this matters

There is no deadline MaximusFX has to answer you by, no form to file, and no independent scheme named. The rulebook that once carried a complaints process is still linked in the footer of every page, and that address leads nowhere.

Exhibit 4CriticalHarder than usual

This agreement shall be governed by the laws of Saint Vincent and the Grenadines.
Clause 7 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must run a written complaints procedure with a response deadline, and must point clients to an independent ombudsman. MaximusFX publishes no complaints procedure and names no independent scheme.

MaximusFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

05

The footer of every MaximusFX page says it does not serve residents of the USA, Cuba, Sudan, Syria or North Korea. The account opening form lets you pick all five.

Why this matters

You can deposit from a country MaximusFX publicly says it does not serve. If it later treats that as a breach, its own documents give you no complaints process to argue it.

Exhibit 6CriticalHarder than usual5

The Company does not provide services to residents of certain jurisdictions, including the United States of America.
Clause 19 in Risk Disclosure
Read from the broker's site on Open the reference
Our own capture of maximusfx.com, taken on Sep 16, 2026Signup form accepts every country the site excludes (clause 19)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 10You can register from an excluded country, and the AML policy then lets MaximusFX suspend your services whenever it decides something looks suspicious.
06

MaximusFX lists every deposit method at 0% commission. Taking your money back out by card costs 4%, an e-wallet costs 2%, and crypto costs 0.5%.

Why this matters

The fee appears only on the deposits page, and the Client Agreement you sign puts no limit on it. MaximusFX can change that page whenever it likes, because no document fixes the number.

Exhibit 5WarningHarder than usual4%

4%* Commission
Quoted in Deposits and Withdrawals
Read from the broker's site on Open the reference
Our own capture of maximusfx.com, taken on Sep 16, 2026Free to deposit, 4% to withdraw by cardVisit this page on the broker's siteDownload the full size image file

What it costsA $1,000 withdrawal to your card arrives as $960. The $40 is charged on money you already owned.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before that client trades. The MaximusFX Client Agreement says only that clients may be charged service fees, with no amounts and no cap.

MaximusFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The pages that sell MaximusFX contradict the documents that bind you

MaximusFX makes three promises its own documents deny: negative balance protection, a compensation fund, and regulated status. The Risk Disclosure says your losses may exceed your deposit. It also says there may be no investor compensation scheme. The AML policy calls what MaximusFX sells unlicensed brokerage services.

Promise versus contract1 clause flagged

MaximusFX tells you on its safety page that it takes part in compensation funds for clients of brokers that cannot pay. Its own Risk Disclosure says there may be no investor compensation scheme at all.

Why this matters

If MaximusFX fails, the fund named on the safety page is the thing you would be counting on. No document names it, names who runs it, or says what it would pay you.

Exhibit 7CriticalHarder than usual

There may be no investor compensation schemes
Clause 9 in Risk Disclosure
Read from the broker's site on Open the reference
Our own capture of maximusfx.com, taken on Sep 16, 2026The claim, on Safety of funds page, Compensation funds sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of maximusfx.com, taken on Sep 16, 2026What the contract says, clause 9Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must belong to a named investor compensation scheme with a stated payout limit. MaximusFX names no scheme in any document, and its Risk Disclosure says there may be none.

MaximusFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 3One page promises two separate protections, and the same Risk Disclosure denies both of them.

MaximusFX promises instant withdrawals and publishes one to five days

MaximusFX gives card and bank withdrawals as 1 to 5 days, excluding weekends and holidays, while its safety page promises instant processing. The Client Agreement sets no withdrawal deadline of any kind. Nothing you sign obliges MaximusFX to pay you within any period.

Exit conditions1 clause flagged

The MaximusFX safety page promises instant deposit and withdrawal processing. The deposits page gives card and bank withdrawals as 1 to 5 days, not counting weekends or public holidays.

Why this matters

Neither page is a contract. The Client Agreement sets no withdrawal deadline at all, so nothing you signed obliges MaximusFX to pay you inside five days or any other period.

Exhibit 8WarningHarder than usual5 working days

From 1 To 5 day.**
Quoted in Deposits and Withdrawals
Read from the broker's site on Open the reference

MaximusFX can suspend you on suspicion and publishes no privacy policy

MaximusFX can suspend your services whenever it decides activity looks suspicious, with no test, no deadline and no appeal in any document. It keeps your identity documents for at least five years. It publishes no privacy policy: the footer link leads nowhere.

Your documents2 clauses flagged

MaximusFX can suspend your services whenever it decides your activity looks suspicious. Its documents set no test for that decision, no time limit on the suspension and no way to appeal.

Why this matters

Your balance sits where it is while MaximusFX decides. Nothing in the Client Agreement or the AML policy says when it has to finish, or tells you what to send to end it.

Exhibit 10WarningHarder than usual

The company may request identification documents and suspend services if suspicious activity is detected.
Clause 4 in Client Agreement
Read from the broker's site on Open the reference

MaximusFX keeps your identity documents and transaction records for at least five years. It publishes no privacy policy: the footer link leads nowhere, and the signup tick box points at a marketing page.

Why this matters

You hand over a passport and proof of address with no published rule on who sees it or where it is held. The box you tick at signup ties you to terms that resolve to a page about fund safety.

Exhibit 11WarningHarder than usual

Customer identification data, transaction records and compliance documentation are maintained for a minimum period of five years.
Clause 7 in KYC and AML Policy
Read from the broker's site on Open the reference

MaximusFX takes the other side of your trade and prices it too

The MaximusFX Risk Disclosure states that the company acts as counterparty to your trades, and that pricing is determined by the company or its liquidity providers. Its safety page says client accounts are kept with no conflict of interest. Acting as counterparty is ordinary for this kind of broker. Denying the conflict is not.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Liquidity providers are outside banks and brokers.

Who you trade against1 clause flagged

MaximusFX is the counterparty to your trades and sets the prices you trade on, by its own Risk Disclosure. Its safety page says client accounts are kept with no conflict of interest.

Why this matters

When you lose, MaximusFX gains, and the price that decided it came from MaximusFX. No document names an outside price source you could check it against.

Exhibit 9WarningStandard wording

The Company acts as counterparty to your trades
Clause 7 in Risk Disclosure
Read from the broker's site on Open the reference
Our own capture of maximusfx.com, taken on Sep 16, 2026The claim, on Safety of funds page, Segregation of investment funds sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of maximusfx.com, taken on Sep 16, 2026What the contract says, clause 7Visit this page on the broker's siteDownload the full size image file

A Mexico City office, a Saint Vincent contract

MaximusFX answers the phone in Mexico City and contracts under the law of Saint Vincent and the Grenadines. That governing law is ordinary for a company registered there. Its own Risk Disclosure warns that legal recourse may be limited or complex.

Where you sue1 clause flagged

MaximusFX gives a Mexico City address and a Mexican phone number, and its account opening page is titled in Spanish. The contract you sign is governed by the law of Saint Vincent and the Grenadines.

Why this matters

A claim against MaximusFX belongs in a Caribbean court, not a Mexican one. Its own Risk Disclosure warns you that legal recourse may be limited or complex.

Exhibit 12NoticeStandard wording

This agreement shall be governed by the laws of Saint Vincent and the Grenadines.
Clause 7 in Client Agreement
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The home page calls MaximusFX regulated while its AML policy calls what it sells unlicensed brokerage services.

Said in public, in English

MaximusFX is registered and regulated international business company that provides access to the global financial market.

Home page, Worldwide panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

In the contract · clause 8

The company does not intentionally target residents of jurisdictions where unlicensed brokerage services are prohibited, including the United States, United Kingdom, European Union, Canada and Australia.

02

One page claims MaximusFX meets the EU markets directive while the AML policy says it does not target the European Union because unlicensed brokerage is prohibited there.

Said in public, in English

Providing services on the territory of European Union, MaximusFX is fully honors with “Markets in Financial Instruments Directive 2004/39/EC (MiFID).

Why MaximusFX page, under the heading We operate strictly under the legal supervisory agencies

In the contract · clause 8

The company does not intentionally target residents of jurisdictions where unlicensed brokerage services are prohibited, including the United States, United Kingdom, European Union, Canada and Australia.

03

The safety page promises every account is protected from a negative balance, and the Risk Disclosure says losses may exceed the deposit.

Said in public, in English

All clients’ accounts are protected from negative balance.

Safety of funds page, Balance Protection panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

In the contract · clause 3

Losses may exceed your initial deposit

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

04

MaximusFX offers 1:1000 leverage on a $200 account while its Risk Disclosure leaves the client liable for whatever the losses come to.

Said in public, in English

Leverage: 1:1000

Trading Accounts page, Mini account specification

In the contract · clause 10

You remain liable for any resulting losses

05

One page says MaximusFX takes part in compensation funds and the Risk Disclosure says there may be no investor compensation scheme.

Said in public, in English

Additional guarantee in the clients’ fund safety is the company’s participation in the Compensation funds, specifically created to ensure security and client rights in cases where CFDs broker is not able to meet its financial obligations.

Safety of funds page, Compensation funds section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

In the contract · clause 9

There may be no investor compensation schemes

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

06

The footer, the Risk Disclosure and the AML policy each publish a different list of excluded countries, and no two of them match.

Said in public, in English

MaximusFX does not offer its services to residents of the following jurisdictions: USA, Cuba, Sudan, Syria and North Korea.

Footer risk warning, on every page of the site

In the contract · clause 8

The company does not intentionally target residents of jurisdictions where unlicensed brokerage services are prohibited, including the United States, United Kingdom, European Union, Canada and Australia.

07

One page promises instant withdrawal processing and the deposits page gives card and bank withdrawals as one to five days.

Said in public, in English

Instant deposit & withdraw processing of your request.

Safety of funds page, Deposit & Withdraw panel

In the contract

From 1 To 5 day.**

08

The fund safety page headlines 0% commission while the deposits page charges 4% to withdraw to a card.

Said in public, in English

0% Commission

Safety of funds page, fund safety panel heading

In the contract

4%* Commission

09

The safety page says there is no conflict of interest and the Risk Disclosure says MaximusFX takes the other side of your trades and sets the price.

Said in public, in English

For the security purposes of the investment funds, MaximusFX keeps all clients’ accounts segregated from the company’s bank accounts, with no conflict of interest.

Safety of funds page, Segregation of investment funds section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

In the contract · clause 7

The Company acts as counterparty to your trades

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of maximusfx.com

What changed quietly

This is our first reading of MaximusFX, so there is nothing yet to compare it against.

  • REMOVEDClause 9.1 · June 2015 to not published

    The only complaints procedure MaximusFX ever published, with a five business day window, is no longer part of the document set.

  • REMOVEDClause 7.5.1 · June 2015 to not published

    A rule making a client wait 31 working days before a first withdrawal was published in 2015, and no current document says whether anything replaced it.

  • REMOVEDClause 1.6 · June 2015 to not published

    The power to limit withdrawals at the company's own discretion sat in the last readable rulebook, and no current document says whether it still applies.

The documents this reading is based on

5 files, all published by MaximusFX. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording MaximusFX publishes.

How this reading was done

Every clause above was read out of a document MaximusFX publishes itself

This reading was published on .

Documents
5 of 5downloaded from the broker's site, and 5 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
5public pages set against what the contract says

Who the contract is with

Maximus Markets Limited

You contract with Maximus Markets Limited, an international business company in Saint Vincent and the Grenadines. Its AML policy gives the number as 21567 BC 2013 and the incorporation date as 27 August 2013. The website footer gives the same number as 21567 IBC 2013. No document names a financial regulator, and no document states a licence. The Client Agreement describes the company as a provider of technology-based services rather than a broker.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The Risk Disclosure is unusually frank. It says plainly that MaximusFX is the counterparty to your trades and sets the prices you trade on. It admits there may be no investor compensation scheme and that recovery in an insolvency may be limited. Most firms with no licence admit none of that. The deposits page also publishes a real fee percentage, a minimum and a timing for every payment method, which many brokers never put in public at all.

We could not read the Regulations for Non Trading Operations. Every page links it in the footer as the rules for deposits, withdrawals and complaints. That address no longer exists, and the file is not on the main site either. The only copy anyone can read is an archived one from June 2015, and we read that in full. Nothing in it is quoted here as MaximusFX's current terms. There is no privacy policy on the site to read. We read the Client Agreement, the KYC and AML Policy, the Risk Disclosure, the legal information page and the deposits page in full.

How to check any of this yourself

Every quote above links to the MaximusFX file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document MaximusFX publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge MaximusFX on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 16, 2026.

If you represent MaximusFX and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on MaximusFX. Whether its licence is real and current is a separate check on the broker profile.

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