Is BlueMax Capital Scam or Legit Broker?
No, it is not safe to trade with BlueMax Capital. BlueMax Capital is owned by BlueMax CapitalGlobal Ltd. which is an offshore company registered in Belize.
- Belize is notorious for its practically absent requirements and regulations. Due to the setup cost being low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Trading Epic, BTCHOME, and more. We have a detailed article explaining the risk of trading with brokers from Belize.
About BlueMax Capital
| 🗺️ Registered in | Belize |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is BlueMax Capital safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets – licensed by ASIC in Australia |
What is BlueMax Capital?
BlueMax Capital doesn’t provide much information about its trading conditions as well as its regulation. It claims to have offices in Belize, Hong Kong, and the UK. However, we couldn’t find any records of this company in the regulators’ registers, which means that the broker most probably doesn’t have a license to provide financial services in any of the mentioned countries.
- According to the website, the broker provides PAMM “Percentage Allocation Money Management” accounts that should guarantee the reliability, security, and transparency of all the activities within the system. However, the terms and conditions state that BlueMax Capital will not be held responsible for any of the investment decisions made on PAMM Accounts. This statement is actually the opposite of the “safety and security of funds” that the company promises and it usually means that the company will not compensate investors’ losses in any case.
BlueMax Capital Review Conclusion
We advise all investors and traders to avoid BlueMax Capital and other brokers from Belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as City Index and XM.com.
BlueMax Capital Update
Recently BlueMax Capital website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case their receive trading proposals.