Basic Information & Regulation of Maxco Futures
Maxco Futures, established in 2005, is an Indonesia-based broker that claims to offer Forex currency pairs, index trading, and advisory services to both individual and corporate clients. Moreover, Maxco Futures is a strategic partner of Panin Group Indonesia. Maxco Future is currently not subject to any effective regulation.
Safety Analysis of Maxco Futures
Maxco Futures is currently an unregulated broker, which means that investors' funds are not protected in the event that the broker misappropriates client funds or faces bankruptcy.
Market Instruments of Maxco Futures
Maxco Futures offers investors a relatively limited range of financial asset classes, mainly forex currency pairs and index products trading services. Additionally, Maxco Future also provides a range of consultancy services.
Accounts & Leverage
Maxco Futures does not provide information about accounts & leverage, and the website only shows some steps for account registration.
Fees of Maxco Futures
Maxco Futures official website does not provide information on spreads or commissions for specific currency pairs, and only gives overnight interest rates for several currency pairs, such as EURUSD -1.50% (buy), -1.50% (sell), USDJPY -2.00% (buy), -1.00% (sell), GBPUSD -1.25% (buy), -1.75% (sell).
Trading platforms Available
Maxco Futures offers its investors the in-house trading platform MaxcoTrader, which supports iPhone and Android versions.
Deposit and Withdrawal of Maxco Futures
Maxco Futures supports traders to deposit and withdraw funds to and from their investment accounts through the Central Bank of Asia in Indonesia in USD and IDR.
Summary
The main disadvantages of Maxco Futures are:
1. No regulation
2. Poor website information
3. Few asset classes to trade
4. Limited deposit & withdrawal options
5. No account & leverage information provided
