Should You Trade with CryptoMax Inc?
CryptoMax Inc claims that you can double your initial investment in just a week. Does this sound too exciting to resist? That’s because it isn’t true. No broker can guarantee such impossible returns. The average return from a reliable broker is under 10% annually. That gives you an idea of how absurd that promise is. In addition, CryptoMax Inc isn’t regulated. Not having a license is a huge red flag. There isn’t any reason to trust this broker.
We Have Found Some Problems with CryptoMax Inc
We have seen that CryptoMax Inc makes huge promises and touts its automatic, cutting-edge trading and yet it doesn’t have any kind of license. In addition, it has a very high leverage of 1:500. High leverage encourages people to trade on the margin, which can lead to extravagant losses. Don’t trust a broker if they try to ensure you are indebted to them–then they can deny you the right to withdraw your money.
Red Flags Concerning CryptoMax Inc:
- No transparency
- No license
- High leverage
- False guarantees of returns
- Bad reviews
What Should You Do If You Have an Account with CryptoMax Inc?
We do not recommend opening an account with CryptoMax Inc. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to our professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.