Basic Information
Registered Region 
Hong Kong
Hong KongOperating Period
5-10 years
Company Name
SAFUMAX GROUP LIMITED
Customer Service Email Address
cs@safumax.com
Contact Number
85251283808
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
SAFUMAX
Hong Kong
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
New Zealand Financial Service Corporate Revoked
|
Suspicious Overrun
|
High potential risk
http://www.safumax.com/en/index.php
Website
Rating Index
Contact
85251283808
cs@safumax.com
http://www.safumax.com/en/index.php
6c Morrin Road SainT Johns Auckland
The WikiFX Score of this broker is reduced because of too many complaints!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
6
5
Website
Genealogy
Relevant Enterprises
Company Summary
Comment
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Official website
Website
safumax.com
47.244.111.90Server LocationICP registration--Most visited countries/areas--Domain Effective Date2015-10-28WebsiteWHOIS.CNOLNIC.COMCompanyXIAMEN CHINASOURCE INTERNET SERVICE CO., LTD.
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
SAFUMAX SOLUTIONS PTY LTD(Australia)
Deregistered
Australia
Registration No.
637179278
Established
Safumax Group Limited
Active
Hong Kong
Registration No.
--
Established
Company Summary
Note: SAFUMAX's official website: https://www.safumax.com/ is currently inaccessible normally.
| SAFUMAX Review Summary | |
| Founded | 2015 |
| Registered Country/Region | China Hong Kong |
| Regulation | FSPR (Revoked) |
| Market Instruments | Forex, Indices, Commodities, and Digital Currencies |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | 6 pips |
| Trading Platforms | MT4 |
| Minimum Deposit | / |
| Customer Support | Phone: 85251283808 |
| Email: cs@safumax.com | |
| Address: 6c Morrin Road SainT Johns Auckland | |
Registered in 2015, SAFUMAX is an unregulated brokerage company based in Hong Kong. It claims to offer Forex, Indices, Commodities, and Digital Currencies. However, its license has already been revoked.
Pros and Cons
| Pros | Cons |
| / | Non-functional website |
| Revoked license | |
| Lack of transparency | |
| Limited info on trading fees |
Is SAFUMAX Legit?
At present, SAFUMAX's license under the Financial Service Providers Register (FSPR) has been revoked. Its domain was registered on Oct 28, 2015, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on SAFUMAX?
SAFUMAX claims to offer Forex, Indices, Commodities, and Digital Currencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread
SAFUMAX only provides a single account type.
| Trading Account | Min. Deposit | Max. Leverage | Spread |
| Standard | / | 1:100 | 6 pips, fixed + $50 /lot |
Trading Platform
SAFUMAX claims to provide MT4 platform.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- New Zealand Financial Service Corporate Revoked
- Australia Appointed Representative(AR) Revoked
- Suspicious Overrun
- High potential risk
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FX2883727290
Hong Kong
It has been for the better part of a month. The customer service said the withdrawals are disabled now because of system upgrade. I wonder that the transfers should be suspended because of the system upgrade?
Exposure
FX3637562261
Hong Kong
XAU/USD slumped by $115 on the evening of October 9. The trader opened sell with stop limit. Each order was sold at the stop limit price. And we can trade normally at that night in SAFUMAX. While SAFUMAX revoked all the orders on the grounds of abnormal trade the nest afternoon, resulting that traders' accounts became negative. How can we trust such platform which shinks responsibility? We can't make money.
Exposure
青青83109
Hong Kong
The teacher on Weibo was a fraudster, whose account was sealed.I have no idea but call the police since the customer service was out of contact.
Exposure
dygyduieyh
Colombia
As a user of SAFUMAX, I have mixed feelings. I must acknowledge their trading system is highly intuitive and user-friendly. However, I was left disappointed when my successful trades were revoked the next day on the grounds of being labeled as 'abnormal'. This situation resulted in my account balance going into negative. Though the platform provides all the necessary tools, this incident has raised concerns about its reliability. How can a platform be trusted when it shrinks responsibility like this? I worry about investing more time and resources into SAFUMAX.
Neutral
青青83109
Hong Kong
I knew the teacher through Weibo,who compulsory asked me to trade in this platform and deposit 15000 RMB.Then I deposited 10000 RMB for trading,placing 5 lots for the first order.Though having some doubts,I continued.Eventually,I made a loss.The teacher apologized because of the bad beginning.After profiting a little on the third order of crude oil,I made constant losses.Then the teacher recommended another platform,at which,I realized that it was a fraud platform!The customer service never answer the call!
Exposure