Should You Trust Maxwell Solutions Holding Pte Ltd? A Comprehensive Review of maxwellsolutionsholding.com

Welcome to our Maxwell Solutions Holding Pte Ltd review. We will tell you about a broker that may have caught your attention. However, don’t rush to open an account on this platform before evaluating all its pros and cons, as well as examining its potential pitfalls. Join us in reading; it will be interesting.

Is Maxwell Solutions Holding Pte Ltd a Trusted Platform?

At first glance, the bright appearance of the official site suggests that there should be no issues on this platform. However, first impressions can often be deceiving. This is the case with Maxwell Solutions Holding Pte Ltd. The company’s official website does not directly provide its legal details, which is already a violation of transparency principles. We know that the abbreviations Pte and Ltd are typically used in the Singapore registry. Additionally, the broker’s contact information includes a phone number with a Singapore code.

We checked the Singapore registry and found that the legal entity Maxwell Solutions Holding Pte Ltd is indeed listed, but its status is marked as “Struck Off,” meaning its operations have ceased. Therefore, it’s clear that the project is using someone else’s legal details, and outdated ones at that. In reality, this broker is not registered anywhere and certainly does not have a license to operate.

Concerned About Withdrawal?

The available deposit methods include bank cards and transfers, as well as CashU. However, automatic account funding is not available. You need to contact support to get the current details.

It is also concerning that the terms do not specify any fees or charges for withdrawals, nor do they mention how long withdrawal requests will take. Transparent brokers typically provide more information about their financial operations than Maxwell Solutions Holding Pte Ltd does.

How Long Does The Broker Work?

Another piece of evidence showing this is not a trustworthy project is its operation period. No matter how much the company claims to have experience in the field, this is contradicted by a simple check of the domain’s age. According to Whois, the official site maxwellsolutionsholding.com was launched on May 28, 2024. Therefore, the project’s actual operation period is just a few months. With so many false claims about itself, it is clear that this project is not aimed at long-term work with traders. Attention! This review belongs to InvestExpertHub.

Other Signs of Fraud

❗The leverage is not just 1:100; in some account types, it is customizable. All reputable regulators prohibit leverage above 1:50. However, if a broker has no license, such details are irrelevant to them.

❗Inadequate description of trading conditions. For example, the spread size is not disclosed. It merely mentions that spreads can be wide, medium, or narrow. This is not normal practice for transparent brokers, who clearly specify spread points for each trading pair.

❗Bonuses in expensive account types. Offering bonuses is also generally banned by many regulators, as the terms for working off these bonuses often trap traders and drain their deposits. Good brokers usually do not offer them.

Maxwell Solutions Holding Pte Ltd Review Conclusions

Maxwell Solutions Holding Pte Ltd exhibits all the red flags typical of unscrupulous companies. It operates without a license or registration and has only been around for a few weeks. It is unlikely that you will earn anything with such a trading partner.

➕Small minimum deposit.

➖No license.

➖Uses fake legal data.

➖Broker has been operational for only a few weeks.

FAQ

Brief Conditions