Gainmax Capital Review is Gainmax-capital.club a Scam or Should I Invest

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FXM Capital Review – is fxmcapital.com scam or good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Basic $250 1:100 Standard
Advanced $5 000 1:200 Market
Premium $25 000 1:500 Lower

FXM Capital is an offshore broker that uses the MetaTrader 5 platform. Its clients are offered the above account types; however the broker’s website does not disclose one of the most essential trading specifics – the spreads.

FXM Capital Advantages

Along with MetaTrader4, MetaTrader5 is one of the most popular forex trading solutions. MT5 has kept most of the features of its predecessor, like the various charting tools and market indicators, as well as the customizable automated trading bots (Expert Advisors). On top of that, the MT5 is especially designed for trading in exchange-traded stocks. Here you may check out some of the best brokers, supporting the MetaTrader5:

Wide variety of CFDs

FXM Capital offers numerous currency pairs for trade, as well as wide range of CFDs – on indices, commodities, precious metals, stocks, and some of the most popular cryptocurrecnies. The latter group includes Bitcoin, Ethereum, Litecoin, Ripple, Monero and Zcash, which are traded against US dollars.

That being said, we always urge our readers to invest only in well-regulated companies. As this is not the case with FXM Capital, you’d better select among the below brokers, all of which are reliable and offer trading in Bitcoin CFDs.

FXM Capital Disadvantages

An offshore broker

The most serious drawback with regards to FXM Capital is the fact that it is not licensed. The broker is operated by MTP Holdings Ltd., a company registered in St. Vincent and the Grenadines (SVG), a famous offshore zone where forex brokers are not regulated.

The lack of financial regulation brings substantial risk and uncertainty regarding the most crucial aspect of a brokerage – the safety of the clients’ funds.

Related to what seems like a scam company

The downloadable MT5 offered by FXM Capital is provided by a third party – BR Consulting group ltd. In fact, this company operates forex brokerage brand BRFX Trade, and judging by the plethora of negative comments on our website by people who claim to be its clients, this is an outright scam.

On top of that, we found out that Sweden’s financial regulator (Finansinspektionen) has blacklisted BRFX trade and BR Consulting group ltd.

As we mentioned I the beginning , FXM Capital has not announced the spreads on its website. This is a worrisome sign, as it shows lack of transparency.

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Click to zoom in.

Nonetheless, when we tested the broker’s MT5, we found the benchmark spread of EUR/USD fixed at 3.1 pips, which is a high cost of trading . Most fixed-spread brokers offer a spread of 2 pips for this pair, and some go even lower. For example, one can trade with 1 pips fixed spread on EUR/USD with Cypriot broker easyMarkets.

Conclusion

Although FXM Capital uses the popular MT5 platform and seems to offer wide range of financial instruments for trade, it is not recommended. The main reason why we gave this broker such a low rating is the fact that it is not licensed, nor overseen by any financial authority. On top of that, FXM Capital seems related to another shady broker that has swindled a lot of investors out of their money – BRFX Trade.

One of the reasons financial regulation has such value in the trading world is because the forex market is plagued with scam brokers. Therefore, we urge traders to exclude such risk in trading by only investing with brokers licensed by prestigious regulatory agencies, such as the Financial Conduct Authority (FCA) in the UK or ASIC in Australia.

To sum up the strong and weak sides of FXM Capital:

Pros Cons
MT5 available Offshore broker
Wide variety of CFDs MT5 provided by a third party that seems like a scam
High spreads
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

GainMax Capital Review: $10 to $100,000 “trading” Ponzi scheme

GainMax Capital provide no information on their website about who owns or runs the business.

The GainMax Capital website domain (“gainmax.co.uk”) was registered on June 20th, 2020.

George Foster is listed as the domain owner, through a virtual office address in London, UK.

GainMax Capital provide a UK incorporation certificate for GainMax Capital Limited on their website.

GainMax Capital Limited was incorporated on June 21st, 2020. The address used to incorporate GainMax Capital Limited is the same virtual address used in the website domain registration.

George Foster is listed as the sole Director of the company, through a different virtual office address in London.

Alexa traffic estimates meanwhile strongly suggest GainMax Capital is in fact being operated out of Indonesia. As I write this Alexa estimate 63% of all traffic to the GainMax Capital website originates out of Indonesia.

Broken English on the GainMax Capital website also supports this:

Given this, the virtual addresses used to incorporate GainMax Capital Limited in the UK, fake Fiverr’esque testimonial videos featured on the GainMax Capital website and no publicly available information tying him to the company, it is assumed George Foster doesn’t actually exist.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

GainMax Capital Products

GainMax Capital has no retailable products or services, with affiliates only able to market GainMax Capital affiliate membership itself.

The GainMax Capital Compensation Plan

GainMax Capital affiliates invest funds on the promise of an advertised weekly ROI:

  • Basic – invest $10 to $249 and receive a 5% to 7.5% weekly ROI for 20 weeks
  • Premium – invest $250 to $999 and receive a 6.5% to 9% weekly ROI for 16 weeks
  • Advanced – invest $1000 to $4999 and receive a 7.5% to 11% weekly ROI for 12 weeks
  • VIP – invest $5000 to $9999 and receive an 8.5% to 13% weekly ROI for 8 weeks
  • VVIP – invest $10,000 to $100,000 and receive a 10% to 15% weekly ROI for 5 weeks

There’s also “shares offers” on the GainMax Capital website promising perpetual weekly ROIs.

The quoted ROI rates however fluctuate each second (appears to be some sort of script) so I’ve left this out of the review.

Referral Commissions

GainMax Capital pay referral commissions on invested funds down three levels of recruitment (unilevel).

Percentage rates on each level are determined by how much a GainMax Capital affiliate has themselves invested:

  • Basic – 5% on level 1 (personally recruited affiliates), 3% on level 2 and 2% on level 3
  • Premium – 7% on level 1, 3% on level 2 and 2% on level 3
  • Advanced – 10% on level 1, 3% on level 2 and 2% on level 3
  • VIP – 12% on level 1, 3% on level 2 and 2% on level 3
  • VVIP – 15% on level 1, 3% on level 2 and 2% on level 3

Advisor Rewards

GainMax Capital reward those who convince others to invest large sums of money with a weekly and daily payments.

  • convince others to invest $10,000 ($5000 personal referral investment) and receive $100 a week
  • convince others to invest $30,000 ($10,000 personal referral investment) and receive $250 a week
  • convince others to invest $75,000 ($25,000 personal referral investment) and receive $150 a day
  • convince others to invest $225,000 ($75,000 personal referral investment) and receive $400 a day
  • convince others to invest $450,000 ($150,000 personal referral investment) and receive $1000 a day

Joining GainMax Capital

GainMax Capital affiliate membership is tied to an investment of between $10 and $100,000.

Conclusion

GainMax Capital claim to have “over 10 years trading experience”. The company claims to generate external ROI revenue via trading across “the world’s most popular financial markets”.

Leave alone the fact that GainMax Capital didn’t exist until June, 2020, no evidence of trading or any other external ROI revenue generation is provided.

The only verifiable source of revenue entering GainMax Capital is new affiliate investment.

Using newly invested funds to pay off existing investors makes GainMax Capital a Ponzi scheme.

On top of that GainMax Capital pays recruitment commissions, adding an additional pyramid layer to the scheme.

As with all Ponzi schemes, once affiliate recruitment slows down so too will newly invested funds.

This will starve GainMax Capital of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.

Gainmax.co.uk Review – Login, Register, How it works, Contact, Referral

Gainmax.co.uk Review – Login, Register, How it works, Contact, Referral

GainMax describes itself as a brand registered under GainMax Capital Limited, an investment, trading, and information technology company which was established and registered in UK. However it’s main traffic according to Alexa is coming from Indonesia.

GainMax has no information on their website about who owns or runs the business. The GainMax Capital website domain (“gainmax.co.uk”) was registered on June 20th, 2020 and George Foster is listed as the domain owner, through an office address in London, UK.

GainMax Capital provided a UK incorporation certificate for GainMax Capital Limited on their website. GainMax Capital Limited was incorporated on June 21st, 2020. The address used to incorporate GainMax Capital Limited is the same virtual address used in the website domain registration.

GainMax Capital does not have any retail-able products or services making affiliates only able to market GainMax Capital affiliate membership. To access or login to gainmax website, click the link below.

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The GainMax Capital Compensation Plan

GainMax Capital affiliates invest funds on the promise of an advertised weekly ROI:

  • Basic – invest $10 to $249 and receive a 5% to 7.5% weekly ROI for 20 weeks
  • Premium – invest $250 to $999 and receive a 6.5% to 9% weekly ROI for 16 weeks
  • Advanced – invest $1000 to $4999 and receive a 7.5% to 11% weekly ROI for 12 weeks
  • VIP – invest $5000 to $9999 and receive an 8.5% to 13% weekly ROI for 8 weeks
  • VVIP – invest $10,000 to $100,000 and receive a 10% to 15% weekly ROI for 5 weeks

There’s also “shares offers” on the GainMax Capital website promising perpetual weekly ROIs.

The quoted ROI rates however fluctuate each second making it look like a programmed script.

Referral Commissions

GainMax Capital pay referral commissions on invested funds down three levels of recruitment.

Percentage rates on each level are determined by how much a GainMax Capital affiliate has invested:

  • Basic – 5% on level 1 (personally recruited affiliates), 3% on level 2 and 2% on level 3
  • Premium – 7% on level 1, 3% on level 2 and 2% on level 3
  • Advanced – 10% on level 1, 3% on level 2 and 2% on level 3
  • VIP – 12% on level 1, 3% on level 2 and 2% on level 3
  • VVIP – 15% on level 1, 3% on level 2 and 2% on level 3

Check Also – Hong Kong set to Educate the Public on Cryptocurrency and ICO

GainMax Capital affiliate membership costs between $10 and $100,000. However, in conclusion the only verifiable source of revenue entering GainMax Capital is new affiliate investment and using newly invested funds to pay off existing investors makes GainMax Capital a Ponzi scheme.

You are advised to trade with caution because Ponzi schemes fold up once there are no new affiliates money which will be used to pay old affiliates.

NB – Always update us on what is happening on Gainmax via [email protected]

Gainmax Capital Limited

We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams.

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Gainmax Capital Limited

Address: Kemp House, 160 City Road, EC1V 2NX, London

Website: https://www.gainmax.co.uk/

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report an unauthorised firm

If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our Consumer Helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our reporting form.

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