No Regulation

Score

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/10

PEMAXX

United Arab Emirates

|

1-2 years

Suspicious Regulatory License|

Medium potential risk

https://pemaxx.com/#

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PEMAXX
+971 56 438 6943
support@pemaxx.com
https://pemaxx.com/#
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E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

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Previous Detection 2024-10-03

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Company Name
PEMAXX
Regulatory Status
No Regulation
Abbreviation
PEMAXX
Platform registered country and region
United Arab Emirates
Phone of the company
+971 56 438 6943

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AspectDetails
Company NamePEMAXX
Registered Country/AreaUnited Arab Emirates
Founded Year1-2 years ago (approximately)
RegulationNot regulated
Cryptocurrencies AvailableIncludes major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH)
Trading FeesCompetitive spreads as low as 0 pips
Payment MethodsBank Transfer, VISA, MasterCard, Maestro, Neteller, Skrill, Fasapay, Perfect Money
Customer SupportPhone: +971 56 438 6943, Email: support@pemaxx.com

Overview of PEMAXX

PEMAXX, based in the United Arab Emirates, offers a wide array of trading assets including major cryptocurrencies, indices, commodities, and stocks.

PEMAXX operates without regulatory oversight, providing competitive spreads as low as 0 pips and supporting MetaTrader 5 for trading.

The platform accepts various payment methods and boasts fast execution speeds. Despite the absence of regulation, its wide range of trading instruments and robust customer support contribute to its appeal among traders seeking flexibility and efficient trading environments.

Overview of PEMAXX

Pros and Cons

ProsCons
Competitive spreads as low as 0 pipsNo regulation
Free deposit and withdrawalNo clear info about minimum deposit, commissions
MT5 supported
Wide selection of trading instruments
Fast execution

Pros:

  • Competitive spreads as low as 0 pips: PeMaxx offers competitive spreads starting from 0 pips, ensuring cost-effective trading conditions.
  • Free deposit and withdrawal: Clients can deposit and withdraw funds without incurring any fees, enhancing cost efficiency.
  • MT5 supported: MetaTrader 5 (MT5) platform support provides advanced trading tools and features for optimal trading experiences.
  • Wide selection of trading instruments: PeMaxx offers a wide range of trading instruments, including cryptocurrencies, indices, commodities, and stocks.
  • Fast execution: The platform ensures rapid execution of trades, minimizing slippage and enhancing trading efficiency.

Cons:

  • No regulation: PeMaxx operates without regulatory oversight, which raises risks regarding investor protection and accountability.
  • No clear info about minimum deposit, commissions: The platform lacks transparency regarding minimum deposit requirements and commission fees, potentially causing uncertainty among traders.
Pros and Cons

Regulatory Authority

PEMAXX operates without regulatory licensing, raising risks about investor protection and legal compliance.

Lack of regulation means there's no oversight on practices, transparency, or fund security. Investors face heightened risks of fraud, market manipulation, and loss without recourse to regulatory safeguards.

Security

Pemaxx Liquidity prioritizes security through robust measures, including fortifying its trading platform, securing servers, and adhering to strict regulatory compliance.

Security

Cryptocurrencies Available

PEMAXX offers a wide selection of cryptocurrencies for trading, including major coins such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These coins represent some of the most widely recognized and traded cryptocurrencies globally, providing traders with ample opportunities to participate in the digital asset market.

Cryptocurrencies Available

Trading Market

With PeMaxx Liquidity, you can access to an extensive array of CFD trading options across various markets. Explore choices such as:

  • Crypto: The primary cryptocurrencies and highly traded cryptocurrency pairs.
  • Indices: Trade global indices like ASX 200, FTSE 100, and S&P 500 with CFDs.
  • Commodities: Trade in high-demand commodities such as gold, silver, and crude oil globally.
  • Stocks: Discover over 2,500 stock and fractional share CFDs, all with no commission fees!
Trading Market

Fees

PeMaxx offers competitive trading fees structured around spreads and commissions tailored to different account types.

Standard accounts feature spreads starting at 0.0 pips, while Diamond accounts begin at 0.5 pips, and Platinum accounts at 0.1 pips.

Payment Method

PeMaxx supports a variety of payment methods for deposits and withdrawals, ensuring convenience and accessibility for clients. Accepted methods include Bank Transfer, VISA, MasterCard, Maestro, Neteller, Skrill, Fasapay, and Perfect Money.

The minimum deposit requirements at PeMaxx are not explicitly specified.

PeMaxx does not impose fees on deposits or withdrawals made in EUR, USD, or GBP, enhancing transparency and ensuring that clients can manage their funds without unexpected deductions.

How to Buy Cryptos?

To buy cryptocurrencies on PeMaxx using MetaTrader 5 (MT5), follow these six steps:

  • Login to Your Account: Log in to your PeMaxx account on the MetaTrader 5 platform using your credentials.
  • Navigate to the Market Watch: Locate and click on the “Market Watch” window within MT5. This window lists available assets for trading.
  • Search for the Cryptocurrency: Use the search bar in the Market Watch to find the cryptocurrency you wish to buy. For example, search for “BTCUSD” for Bitcoin against the US Dollar.
  • Place a Buy Order: Right-click on the cryptocurrency pair in the Market Watch and select “New Order.” This opens a trading window where you can set parameters for your trade, including volume (amount to buy) and order type (market or pending).
  • Set Your Parameters: Choose your trade parameters, including volume (amount of cryptocurrency to purchase) and order type (market order for immediate execution at current market price or pending order to execute at a specific price).
  • Execute the Trade: Once you have set all parameters, click on “Buy” to execute your trade. Monitor the trade in the “Trade” tab of MT5 to track its progress and manage your positions as needed.
  • Services

    PeMaxx Liquidity provides various services designed to enhance the trading experience:

    • Liquidity Provision: Offers tight spreads, deep market depth, and rapid execution for competitive forex liquidity solutions.
    • Trading Platforms: Supports MetaTrader 4 and 5, suitable for traders of all levels from beginners to seasoned professionals.
    • Risk Management: Implements robust strategies to minimize trading risks and safeguard your assets effectively.
    • 24/7 Support: Dedicated customer support team available at all times to assist with inquiries and resolve issues promptly.
    • Educational Resources: Access webinars, market analysis, and informative resources to enhance trading knowledge and decision-making.
    • Partnership Programs: Tailored introducing broker and affiliate programs fostering mutual growth and success in partnership with PeMaxx Liquidity.
    Services

    Is PEMAXX a Good Exchange for You?

    PEMAXX is the best exchange for experienced traders seeking competitive trading conditions and access to a wide range of financial instruments. With its competitive spreads, support for MetaTrader 5, and variety of payment methods, PEMAXX serves well to traders looking for advanced tools and efficient execution in their trading strategies.

    Potential target groups that can find PEMAXX suitable include:

    Crypto Enthusiasts: Individuals interested in cryptocurrencies can benefit from PEMAXX's offering of major digital assets like Bitcoin and Ethereum. The platform's support for various payment methods and absence of deposit fees might appeal to those looking to enter or expand their portfolio in the crypto market.

    International Investors: Being based in the UAE, PEMAXX can attract international investors seeking exposure to Middle Eastern markets or looking for a strategic foothold in a region known for its economic diversity and growth opportunities.

    Customer Support

    PeMaxx offers 24/7 customer support via phone at +971 56 438 6943, email at support@pemaxx.com, and through their website www.pemaxx.com.

    Their office is located at OFFICE-2008, Dubai BusinessBay, 33, Marasi Drive Road, CloverBay Tower 345-BURJ KHALIF.

    Customer Support

    FAQ

    What are the deposit methods available on PEMAXX?

    PEMAXX supports various deposit methods including Bank Transfer, VISA, MasterCard, Maestro, Neteller, Skrill, Fasapay, and Perfect Money.

    Does PEMAXX charge fees for deposits and withdrawals?

    No, PEMAXX does not charge fees for deposits or withdrawals made in EUR, USD, or GBP.

    What cryptocurrencies can be traded on PEMAXX?

    Traders on PEMAXX can trade major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), among others.

    What trading platform does PEMAXX offer?

    PEMAXX offers MetaTrader 5 (MT5) as its primary trading platform, known for its advanced features and user-friendly interface.

    How can users contact PEMAXX customer support?

    Users can contact PEMAXX customer support via phone at +971 56 438 6943, email at support@pemaxx.com, or visit their website www.pemaxx.com for more information.

    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.