8Max Trading (8maxtrading.com) is a devilish Forex Broker scam that must be exposed. Angela Courtney is a member who lost over $10000 using 8MaxTrading. This is why we conducted a thorough and detailed review to find out what happened. Our investigation revealed that 8 Max Trading is conducting a Pyramid scheme. All what they want investors do is sign up and deposit. Read this eye-opening review to find out more.
As we always say in almost all our reviews, it pays to read what experts are saying about a broker. Don’t be another victim of this atrocious broker scam and read this detailed review. Angela would be singing another song would she had read reviews regarding this brokerage firm. Here, we plan to expose all the dirty tricks that these scammers have used to steal money from investors.
What investors don’t know is that scammers entice them into signing up using simple techniques. These techniques usually involve over the moon promises as well as fake claims. Scammers know for a fact that nearly everyone wants to make a quick buck or two. And they take advantage of this need by claiming to provide an answer. Folks, read this entire review and find out the dirty tricks used.
As always, Sign up with Forex Brokers who are Recognized and Reliable. Get Forex brokers that have been given the thumbs up by the trading community. These brokers will always ensure users trade Comfortably and Safely. Sign up with Convenient and Dependable Forex Brokers who have a good reputation. This is a Proven and Tested way of making money with Forex trading.
According to the disclaimer at the bottom of the homepage, Red Blue Systems owns this platform. From their own statement, this company is registered in Vanuatu. This means that we are dealing with a broker who is an offshore broker. Offshore brokers are notoriously known for flaunting rules and regulations. Newbie investors are never advised to sign up with offshore brokers.
Red Blue Systems does not in any way indicate their registry at the footer of the homepage. This is proof that we are dealing with a broker who is not registered. What this means is that we are dealing with an authorized broker. 8Max Trading has no authorization to carry out any Forex transactions on behalf of any third party. Whoever signs up with this broker will without a doubt be dealing with a fraudulent broker.
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When it comes to licensing and regulation, there’s no proof of this with 8 Max Trading. This means that users are not safe with this broker. Claims of registry are not found anywhere on their site. This broker has not posted any registry documents on any of their online pages. A legit broker always posts their registry details for validity purposes. Why haven’t they done this simple gesture of trust?
Answer is really simple; we are dealing with a broker who is not truthful in their dealings. All what 8MaxTrading wants is to get as many people to sign up as possible. Once they get their fill, they will shut down their operation without notice. This is what scammers are known for and this is why we are warning our readers. Stay away from 8Max Trading unless you want to lose your hard-earned money.
Another disturbing detail we found with this broker is the fact that they offer unrealistic promotions. One of the fake promotions they have is offering partnership programs. What these programs do is get you to sign up as many people as you can with this broker. Once you do so, they claim you will have a certain bonus for this. Don’t get your friends to sign up as you will be an accomplice to Forex fraud.
These promotional materials are also referred as affiliate programs. Once you sign up to become an affiliate, you will help these scammers defraud people. Best thing to do is to stay away from this broker and ask friends not to sign up. Angela was a victim of being pulled into this platform by a friend. She says the friends had no ill motive as both of them have lost with 8Max Trading. That’s a good reason not to sign up with 8 Max Trading.
Claims such as offering members a $5000 bonus is simply a ploy to get users to sign up. How can they offer such a huge bonus to members? This is another over the moon claim that swindlers use to sign up many people. This is the case as brokers usually ask members to payback the bonuses.
Why issue a bonus and later ask members to pay it back? Isn’t this a form of hidden loans from the broker? These brokers will not allow members to withdraw money unless they pay back the so-called bonus.
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If funds were safe with 8Max Trading, Angela and many others would not be complaining. What we have found out is shocking details as to how this broker flaunts rules and regulations. For one, 8MaxTrading does not offer segregation of accounts. What do we mean by this? This means that members are depositing money into one account. For all we know, members are depositing money straight to the owner’s personal bank account.
Another alarming detail we found with 8Max Trading is that funds are not secure or insured. Don’t expect to be insured for any loss incurred with 8MAXTRADING. If this was the case, Angela would have been compensated by now. Not participating in a compensatory scheme makes this broker a fraud.
8Max Trading offers three different accounts to users. These accounts include Standard, MAM and 8MAX Zero account. Standard account holders must make a minimum deposit of $5. This is way below the industry required deposit of $250. This is proof that we are dealing with a broker who targets even low income earner. MAX account holders must make a minimum required deposit of 30000 JPN.
8MAX Zero account holders must make a minimum required deposit of $100. All these accounts have the same perk which is weird. Why would anyone sign up with a different account that has the same advantages as other accounts? These fraudsters did not think it through when creating these accounts. Users would rather sign up with a standard account that any other account. They all have the same advantages.
When it comes to depositing, this is the only thing they got right. Users can deposit money using MasterCard, Visa, WebMoney, and UnionPay. This however is not reason enough to warrant you to sign up. Problem comes when members want to withdraw. There’s no member that has made withdrawals using 8Max Trading. This is proof that these scammers just want your money and leave you high and dry.
All proof points to one thing, 8MAX Trading is a Scam. This brokerage firm has used vigorous email marketing techniques to get people to sign up. Ensure you ignore all incoming emails sent by their email marketing team. Mark all their emails as Spam and never click on any links sent by these scammers. This will clearly safeguard you from these brutal scammers who simply want your money.
All evidence produced clearly shows that we are dealing with a broker who steals from traders. Only option we have is to blacklist this brokerage firm.
Get Relevant and Reliable Forex brokers on your side when dealing with Forex. This will guarantee your Safety when trading online. Sign up with Forex Brokers that are frequently recommended by the industry experts.
Remember to stay safe with genuine Forex brokers.
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