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Demaxis Review – Are They Safe or a Scam?

Our Demaxis Review 2022

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!

80/100
Rating
Demaxis Highlights
  • Over 150 coins
  • Great leveraged trading
  • Minimal trading costs

Offers and New Customer Experience

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!

Usability - Good first impressions in our Demaxis reviews

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.

Accounts - A quick Demaxis review of the three main account types

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.

Trading Platforms - Is Demaxis reliable with its trading platform?

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.

Trading Payments - Is Demaxis safe for taking payments?

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.

Visa
Mastercard
Wire Transfer
Bitcoin

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.

Customer Service - 24/5 live chat, email and phone support found in our Demaxis review

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.

Regulation and Deposit Insurance - Are there any Demaxis scams?

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.

SVGFSA - St. Vincent & the Grenadines Financial Services Authority

Additional Features - Plenty more discovered in this Demaxis review

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.

Demaxis Forex

Forex trading offer - Major, minor and exotic pairs feature in our Demaxis review

Among the 2,000+ assets featured at Demaxis, you’ll find a great forex trading platform. Here you’ll be able to access trades on all of the top currency pairs such as EURUSD, EURJPY and GBPUSD. But it doesn’t just stop there because Demaxis also lets you trade an impressive variety of exotic pairings that you might not come across elsewhere.

Forex trading costs - Minimal forex costs found in this Demaxis review

One big reason why many people come to Demaxis for forex trading is the fact that the broker doesn’t charge any commission fees. This is a big contrast with some other brokers who may add in a hefty commission rate which can obviously eat away at whatever returns you make. Just bear in mind that Demaxis will include a charge within each forex trade you make.

Forex trading conditions - An impressive Demaxis review for leveraged trading

Demaxis offers all traders some pretty impressive leverage for forex trading. This means that you can effectively trade with a leverage of anywhere between 1:1 and 1:400. As such, this opens up the opportunity to make some sizable returns even if you start trading with a relatively low investment. Just remember that such leverage can work both ways and we’d always advise that you be careful when engaging in high leveraged trading.

Conclusion - Impressive findings in this Demaxis review

Demaxis has given you a quick and easy way to enter the world of forex trading. You’ll find all of the major currency pairings here, and Demaxis has done a good job of including some of the more exotic forex pairs. When you combine this with the lack of commission fees and the access to some seriously powerful leverage, it all adds up to a great little forex trading platform. So sign up to Demaxis for your forex trades.

80/100
Rating
Demaxis Highlights
  • All major currencies
  • Trade exotic currencies
  • 0% commission fees
Demaxis Crypto

Crypto trading offer - 150+ coins discovered in this Demaxis review

There are plenty of crypto trading platforms available at the moment, but Demaxis has put on a competitive way to invest in the rampant popularity of digital currencies. What’s truly impressive is the fact that there is the opportunity to trade well over 150 different coins here. No prizes for guessing that Demaxis lets you trade Bitcoin, but you’ll also get a chance to trade everything from Ethereum to Cardano and beyond. All of which should give you a fair chance of balancing volatility and stability in your investment portfolio.

Crypto trading costs - Negligible fees for crypto trading

Go to many crypto trading sites and you’ll find you have to pay some kind of commission for each trade you make. Not with Demaxis. This is because the broker absorbs any fees within every trade you carry out. It’s an increasingly popular way of conducting online trades and we felt that it offers a cost-effective way to enter the fledgling crypto trading scene.

Crypto trading conditions - Favorable conditions found in our Demaxis review

We’ve already mentioned the competitive leverage offered by Demaxis, and what’s best is that such leverage applies to its crypto trading platform. Using a leverage of up to 1:400 for  already volatile cryptocurrencies might sound excessive, but it does illustrate the kind of flexibility that Demaxis offers. Obviously you’ll need to factor in all of those times where these digital currencies have crashed, but if you can handle the risk, then Demaxis is well worth a look.

Conclusion - Why we love the Demaxis crypto trading platform

It’s hard to pick any real faults with the crypto trading platform at Demaxis. First of all, it offers you trades for over 150 of the world’s leading crypto coins, and then it backs it up with no commission fees and some very competitive leverage. As long as you remember that crypto trading is by nature risky, then you’ll definitely enjoy what you find here. So register your account at Demaxis and start crypto trading!

80/100
Rating
Demaxis Highlights
  • Over 150 coins
  • Great leveraged trading
  • Minimal trading costs

Demaxis review FAQ

👮Is Demaxis legal?

Be sure to read our Demaxis review to see whether this is a legally operating online trading site. We’re always extra cautious when it comes to recommending any online brokers and you only have to look at our Finaguide review to see how carefully we review these trading sites. Thankfully our review of Demaxis will tell you all you need to know about this online broker.

❓What can I trade at Demaxis?

We found that there was no shortage of assets to trade at Demaxis. In fact you’ll get equally as good a choice as what we found in our FXRevenues review. So make sure that you read our Demaxis review to see what you can trade here and we’ll tell you everything else you need to know about this online broker site.

💰How do I make a Demaxis deposit?

You’ll find that it’s very easy to make a deposit at Demaxis and then make your online trades from there. Take a look at our Demaxis review and you’ll see exactly how you can make a deposit at this online broker and we’ll walk you through the withdrawal process too. The good news is that the deposit procedure is roughly similar to that found in our Maxiwyse review so you won’t have a problem here!

📱Is there a Demaxis app?

Check out our Demaxis review to see whether this online broker has its own trading app, or whether you have to use the standard website from your mobile browser. You only have to look at our Kaarat review to see how important mobile trading options are to potential investors, and this is why our review of Demaxis will tell you all you need to know about trading from a smartphone or a tablet. 

💪Who is the best online broker?

There are plenty of great online brokers out there and you only have to read our Stockoza review for a good example of this. But make sure that you read our Demaxis review to see whether this online broker is in with a chance of being among the best online brokers. Perfect for anyone who wants to invest online with nothing but the top trading platforms!

Conclusion - Our overall Demaxis experience and rating

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.

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