Reported as a scam / unregulated
Why MAX FOREX is on the register
MAX FOREX claims to be registered in the Cayman Islands, which is also regulated by the Australian Securities and Investments Commission (ASIC) (Representative Number: 001276870) and the Vanuatu Financial Services Commission (VFSC). However, we did not find any match results to this broker in VFSC or the Cayman Islands Monetary Authority (CIMA). And when we searched in ASIC, we found the representative number actually belongs to a company named “TOP 1 MARKETS PTY LTD.” The truth is, MAX FOREX is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. It is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.