ANSWER Since Max FX Traders claims that it is located in the US, it is mandatory to be registered as a member of the National Futures Association (NFA). So you can check registrations in the BASIC of NFA. However, our search for Max FX Traders didn't return matching results, suggesting that it doesn't comply with US regulations.On its website, Max FX Traders displays unknown awards and raving testimonials to build trust. However, without regulatory oversight, all of these are meaningless and easy to fake. Investors should remain skeptical of such claims. This broker purports that its team was built in 2010 but its domain "maxfxtraders.com" was first registered in February 2022. Investors must be aware that it is a scam when the website's age doesn't match its claim.Therefore, we strongly suggest traders stay away from unregulated broker Max FX Traders. Entrusting it with funds and personal information is highly risky, as there are no rules in place to prevent fraud and identity theft. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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