Demaxis Review – Are They Safe or a Scam?
Our Demaxis Review 2023
Looking for an honest Demaxis review? You just found it. Take a look below to see why this online broker is a top choice for anyone looking to invest in forex and crypto.
So what is Demaxis? It’s an online trading platform that aims to give you a fast way to execute trades on over 2,000 assets. Plus Demaxis promises to have lower costs while giving you unparalleled trading conditions that include leverage of up to 1:400. Sounds good, right? Keep reading our Demaxis review to find out more!
You won’t necessarily find any kind of welcome offer at Demaxis, but the broker will do all it can to quickly get you started at its site. This is something that’s immediately evident once you try and set up your first account.
All that you have to do is to hit the red Sign Up button at the top of the site, fill in the registration form, make a qualifying deposit and then trade from your browser or download the trading software.
You will need to verify your account immediately after signing up. This ensures that your personal details stay safe and ensures that Demaxis is fully KYC compliant. All you need to do is to go to the Verification page and click on the Upload Documents link. Here you can provide scans of identification proving your identity and place of residence. Easy!
Demaxis has put together a nicely designed website that’s quick to load and easy to navigate around. You’ll find simple ways to sign up, login and carry out important tasks like making deposits, contacting customer support and so on.
While the overall feel of the site is a little anonymous, it does offer lots of trust features and it is clearly a professional operation. This is something reflected in the WebTrader software and the downloadable trading platform that we’ll discuss later.
We found no less than three separate kinds of accounts at Demaxis. Each of these is nicely targeted towards different levels of investor and it’s good to see that Demaxis understands that many kinds of people will be using its site.
There’s no excuse for not trying the initial Demo account. This is free to use and gives you all of the knowledge you need to get started. As such, you’ll get access to some great step-by-step tutorials and articles, and there will even be invites to local seminars and online webinars. What’s best is that you’ll even be granted your own account manager to get you started.
If you like the look of Demaxis, you can then progress to the main type of trading account. This allows you to take your first profit as you’ll get full access to all of the tight spreads and speedy trade execution. The main trading account obviously requires you to make a qualifying deposit. This means making a minimum deposit of $500, but this will be safeguarded with high levels of risk protection and security.
Finally there’s a more advanced type of account that gives you all of the professional help you need to build the best investment portfolio. Here you’ll be granted access to a wide variety of trading strategies, and will be able to follow what your Account Managers do and profit from their guidance. It’s a great option for anyone who wants to maintain full control of their investment, but is also flexible enough to be used by those without much trading experience. We should also note that Demaxis offers Islamic accounts where you can enjoy swap-free trading.
Demaxis gives you access to a fast, powerful and secure trading platform and you have two different ways to use it. The first way is via the WebTrader. Here you will be able to trade multiple assets like forex pairings and cryptocurrencies with just a click of your mouse button. While it’s a web-based platform, you’ll still have access to a variety of advanced trading tools, as well as many different order types.
The alternative is where you can simply download the trading software directly to your computer. Here you’ll enjoy all of the same kinds of trading tools and instruments and benefit from an average trade execution time of just 0.05 seconds. We should also mention the fact that Demaxis has created a great trading app that you can download to either an iOS or Android mobile device.
We’ve already mentioned the fact that you have to make a deposit from a minimum of $500 at a time when you start trading at Demaxis. The good news here is that you’ll get a decent choice of payment methods for putting down this qualifying deposit. This means that you can use regular credit and debit card brands like Visa and Mastercard, carry out a regular wire transfer or even make a Bitcoin payment. Most deposits should be instant although you should know that bank transfer deposits may take up to seven working days to be processed.
What’s best is the fact that there are no fees at Demaxis for putting down your deposits, although you may need to check what the charges are for withdrawals. By looking through the Demaxis terms and conditions, we can see that a charge of anywhere between $10 and $50 may be applied according to the withdrawal method, withdrawal size and so on.
Fees – 0% commission fees found in our Demaxis review
One of the best things about Demaxis is the fact that it’s an online broker that loves to keep its fees as low as possible. This is something that you can see in everything from the lack of commission fees to the absence of charges for making deposits. Just bear in mind that there may be charges for some withdrawals and there may also be fees for reactivating a dormant account.
We found it quick and easy to get in touch with the Demaxis customer support team. All you have to do is to hit the Contact tab in the site footer and this will bring up all of the customer service options. The easiest way to get through is to use the live chat service that is available 24 hours a day, five days a week. Plus there is also a customer support telephone number that is open between 9am and 5pm on weekdays.
If your query falls outside of these times, then you can send Demaxis a message via the email contact form, and it’s worth noting that Demaxis is also reachable via its Facebook and Instagram channels. Demaxis has also put together a reasonably helpful FAQ section on its site that’s worth a look if you need help with anything from resetting your account to verifying your personal details. All in all, there are plenty of ways to get the help you need.
Demaxis is a legit online trading platform that is registered in St. Vincent and the Grenadines. By having a registered business number and address, it shows that Demaxis offers a full transparent trading operation and this is something reflected in the sheer quantity of legal documentation that you can access on the site. Elsewhere, it’s good to see that the Demaxis website features high-level SSL encryption to safeguard all of your personal data and deposits.
Demaxis has a couple of cool analytical features on its site that should help you make more effective trades. First of which is a handy economical calendar that’ll alert you to all of the major events happening across the world. However, our favorite had to be the daily technical analysis tool that offers you a quick and easy way to get the latest market trends and insights.
We had a great time at Demaxis and we think you will too. After all, it’s an online trading platform that takes much of the mystery out of trading forex and cryptos, and it’s so easy to get started here. While the opening deposit threshold of $500 is fairly high, you are allowed to try the demo account for free to see whether Demaxis is right for you. All of which means that we have no hesitation about recommending that you come to Demaxis for your online trades.